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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 26, 1936
Page
14
Hog prices fall to yearly lows as large direct and feeder hog movement floods the Chicago market. Receipts reach about 27 000 head, with feeder hog trade active and top prices around 9.60 dollars, while cattle and sheep runs also show large volumes and mixed gains.
New York stocks drifted lower Monday as buying support faded for leaders. The tape paused late in the session after a fast open, with transfers totaling 1,500,000 shares. Inquiries cited election jitters and European unrest as dampeners while several names including U S Industrial Alcohol and Douglas Aircraft posted modest gains.
ST. PAUL LIVESTOCK REPORTS show cattle receipts at 12 900 with a largely steady market. Grass ers and short feds weaker, fed steers scarce. Hogs 15 500 with fair activity and varied weights, top near 9.19 for 220 250 lbs. Sheep receipts 41 000 with broad ranges in demand and prices.
About 30 000 natives in the Dakotas and Montana participate in a sale featuring roughly 43 cars carrying lambs and sheep including several cars of ewes and a moderate share of feeding lambs. Early indications point to steady demand across classes with no early slaughter lamb sales.
Sioux City AP notes cattle receipts at 8500 with steers and yearlings active and prices from 7.00 to 9.35 for various fat and feeder classes. Hogs receipts 7000 with prices mostly 8.00 to 9.10 and lighter weights down. Sheep receipts 5000 with fat lambs weak early, ewes at 3.25, feeders steady, and good loads around 6.40 to 6.75.
Hog receipts reach 11 000 with top at 9.10 for 190-260 lb pigs and 8.75 to 9.00 for 170-190 lb. Light pigs 7.25 to 8.25. Sows 8.60 to 8.70. Cattle receipts 14 000 with steers 8.50 to 9.90, heifers 8.00 to 9.75, cows 4.50 to 5.50, cutters 3.25 to 4.00, bulls 4.75 to 5.50. Sheep 9 000, lambs 8.00 to 8.50. Prices show slight strength overall.
Combined hog receipts at 21 yards and 9 plants in interior Iowa and southern Minnesota for the 24 hours ending 8 am Monday totaled 40 200 head, up from 34 100 a week ago and 22 800 a year ago. Prices ranged with loads called at 6 40 to 9 15 per hundred weight across weight classes. Trade described as uneven and fairly active with concessions noted.
The Associated Press reports Iowa hog prices for Waterloo Ottumwa Mason City markets. Price ranges span 140 to 550 pounds with declines of 10 to 15 cents in several belts and differing figures across locations.
API Hogs steady with ranges by weight in Minnesota. 180-200 lb hogs at 8.10 to 8.40, 200-220 lb at 8.50 to 8.80, 220-270 lb at 8.60 to 8.90, 270-290 lb at 8.50 to 8.80, 290-325 lb at 8.40 to 8.70, 325-350 lb at 8.15 to 8.45. Packing sows 275-550 lb range 7.10 to 8.10, 350 lb and up 7.80 to 8.10.
Hog prices decline on the local market with a 10 to 15 cent drop in various grades. The top price falls to 9 dollars for the 220 to 290 pounds grade while other local markets hold steady.
Market notes show calf sales at 8.00 per 140 to 190 pounds for good to choice stock. Sheep prices listed with lambs and ewes. Cattle prices include choice steers around 8.25 to 9.00 for 1,000 to 1,100 pounds, medium to good ranges, yearlings around 8.00, and grass cows from 2.50 to 4.25 with common cattle and bulls priced accordingly.
Grain and produce prices for Cedar Rapids include wheat at 1.13, oats 34 4 140, rye 7 04 75, corn 92c, soybeans 1.10, hay 11.00, straw 6.00, hens 13c, springs 13c, eggs 29c, and wholesale greens. Market shows fruits and vegetables with oranges 4 to 5.50, lemons 7.00 to 8.25, potatoes 2.25 to 2.60, bananas 6c, lettuce 3.25 to 3.50, celery 2.50, cabbage 3c, onions 1.35, grapes 1.75 to 1.85, apples 1.75 to 1.85, pears 2.50, cranberries 4.20, sweet potatoes 1.50 to 3.78, plus hides and beef hides.
Moderate speculative buying led by eastern houses and short covering stopped a brief drop in Chicago wheat futures on Monday. Wheat closed modestly higher as news was sparse besides European political moves. Corn and oats traded mixed with buying related to wet weather and potential delivery delays.
Chicago cash grain prices show No 2 hard wheat at 1221 per unit and corn mixed quotes around 1.18, with soybeans at 1.27 and other grains including oats rye barley and lard listed. Minneapolis receipts and price ranges include No 1 heavy dark northern spring wheat around 1.44 to 1.50 and No 3 yellow corn near 1.06.
Chicago markets list butter and eggs receipts with steady readings and price spreads. Potatoes show varied on track shipments, U S No 1 prices range from 1.60 to 2.75 with regional Russet and Red varieties noted and demand described as moderate to slow.
New York produce receipts show eggs irregular with mixed colors and various pack prices. Butter receipts total 14 596 with firmer creamery values. cheese receipts reach 173 708 with quiet demand. live poultry markets show weak freight chickens and mixed color roosters and ducks with modest prices.
Butter futures closed at 30 2 3 cents for November and 30 4 cents for December. Eye futures show October value around 26 4 cents, November 26 5 cents, December 26 5 cents. Potatoes Russets traded around 2 45 for October and 2 94 for January.
Foreign exchange rates show mixed demands across currencies with positions for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Finland Switzerland Spain Portugal Greece Poland Czechoslovakia Yugoslavia Austria Hungary Roumania Argentina Brazil Japan China and Canada. Notable quotes include Tokyo Shanghai Hongkong Mexico City and Montreal exchange values amid nominal terms.
A compact list of Monday stock quotations from Adams Express Co. to Zenith Radio, including numerous named companies such as Allied Stores, Johns Manville, Ford, General Electric, US Steel, and Zenith Radio, with price fractions and market figures across multiple exchanges and sectors. The item reads like a financial column excerpt listing bid prices and percentages for a broad set of equities and bonds.
Mrs. John Oliver 51 of 1548 Seventh Ave Marion dies Saturday in a Cedar Rapids hospital after several weeks illness. Born January 7 1885 in Dawson she married John Oliver November 17 1932 and lived in Marion. Survived by husband daughter Helen Cooke Cedar Rapids brother Harry Brown hospitalized Marion Indiana sister Florence Randolph Dawson. Funeral Tuesday at St Josephs Catholic Church with burial at Mount Calvary Cedar Rapids.
Kenneth Valentine Young died after a weeklong illness from pneumonia. Funeral services were at Yocom chapel with Rev. E E Russell officiating. Burial at Oak Shade cemetery. He was survived by wife Mildred Tarvin Young and two children Kenneth Vernon and Janis Marlene, plus his parents and siblings. He was born Feb 14, 1912 in Marion and worked as a mechanic at Service garage.
New York bond review notes a stock downturn fueling bond losses, with American Rolling Mill 4s and Chesapeake 5s sliding about 2 points or more. Various corporates fall fractions to around a point while government bonds show mixed results as Treasury notes and 3s retreat modestly.
In New York raw sugar remains at 3.39 a hundredweight with futures mixed. November futures at 2.45 and March futures at 2.51, rising 1 to 3 points. refined sugar holds at 4.50 to 4.65 for fine granulated.
U S Department of Agriculture notes very firm asking prices in Boston wool market. Substantial sales last week encouraged further advances with medium grade Ohio wools firm and combing 3 blood Ohio wools priced near 40 cents in the grease. Some offerings at 40 cents remain, and good % blood Ohio or Michigan fleece wool tends to stay above 39 cents in the grease. Early gains maintained amid steady tone.
Rates for one and three day advertisements with size options and special rates for work wanted ads. Line deadline and telephone and mail options are provided. Ad department hours are listed with contact details and disclaimers about insertion accuracy.
The page lists machine quilting dresses aprons and quilts for sale at 428 1st St. SW with phone contact 2-1410. It advertises dry cleaning supplies, car insurance offers in Room 5 Corn Belt Bank Building, a rummage sale at 21842 2nd Ave SE, and beauty salons offering wave perms and services with several local shops and contact numbers.
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