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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 24, 1940
Page
6
Market report shows top hog values slipping to the year’s lowest level since late July as receipts rise and dressed pork values decline. Cattle and calves steady to lower with lighter demand. hogs lead losses across Chicago and regional markets with wholesale pork futures down.
Livestock receipts across markets show cattle steady to irregular with feeders and vealers uneven. Hogs at Peoria and Sioux City mostly steady to lower with light demand. lambs and sheep trades unsettled with bids limited and fat lambs trading around firm to higher, while ewes and yearlings show modest moves.
The local hog market moved lower with declines of 3 to 20 cents across grades on Tuesday. Top no fill hogs reach about 630 dollars, while Good 140-150 lb hogs fetch around 433 dollars and other weight classes show varied declines reflecting overall weaker demand.
A Cedar Rapids market listing shows grain prices for No 2 wheat 63c, oats 26a, rye No 2, soybeans 60c, hay bales 1.50 and 6.00, and poultry prices for Springs over 4 to 5 Ibs at 10c, hens over 5 Ibs at 13c. Wholesale fruits and vegetables include lemons 500, oranges 3.25, grapes 1.50, celery 0.45, cabbage 1.90, carrots 2.75, and onions 0.80 at 1.60. Hides and calf hides priced by grade, horse prices listed, and pony glue noted.
Stocks listed by JB Bennett Con Wtt Jumg and brokers show wide totals across mills and metals. Major names include Alaska Juneau Nickel Paper Allied Chemical Kennecott Conoco Amrite and many car and consumer goods firms with varied prices and performance signals.
Chicago and New York produce markets report firmer butter with higher receipts and varying scores. Creamery butter ranged near 29 to 93 on the score scale, while cheddar cheese and eggs show mixed moves. poultry remains steady with firm hens under 5S lbs. New York prices echo firmer butter and steady cheese, eggs, and fats amid unsettled receipts.
New York stocks slipped as traders booked profits after Monday gains. Early activity was strong but faded through the day with about 700000 shares traded on the downside versus near 1 million the prior session. Decliners included Bethlehem Steel Chrysler Douglas Aircraft Western Union and Dow Chemical while General Motors Sears Roebuck Consolidated Edison Phelps Dodge Kennecott American Can and U S Gypsum held up.
Irregular drop in wheat linked to profit taking and liquidation. soybeans rise with sharp independent gains. Minneapolis and Kansas City wheat ease under Chicago influence. Winnipeg steady with occasional trades. Cash provisions quoted for wheat corn oats barley and seeds. receipts and noon shipping sales noted.
In New York trading on Tuesday the bond market eased after earlier gains with fractional advances in some issues and small losses in others. Treasury issues showed minimal movement as investors weighed war news including Berlin bombing.
John Jackson, 48, of Cedar Rapids, was arrested Aug 1 on Fifteenth Avenue SE for driving while intoxicated and pled not guilty Aug 2. He later pled guilty on a separate vehicle incident involving Sherman Freeman’s car. Sentencing to be pronounced in three days.
Louis Zmolek administrator of Edward Zmolek 17 sues Otlsen and Sons Company Cedar Rapids and its operators George J Ottsen Kenneth Ottsen George M Ottsen over a Tama county intersection crash on June 28 1939 that killed Edward and injured Milo Zmolek 14. Plaintiff's testimony begins before Judge J E Heiserman and a district court jury. Defense denies responsibility.
Hazel Florence Case sues Thomas Russell Case for divorce on cruel and inhuman treatment and seeks temporary and permanent alimony. Judge J Be Heiserman granted an injunction against personal interference after the hearing Monday afternoon. The couple wed February 27 at Nashua.
Obituaries notice for Mrs Mary I Mason of 418 Eighteenth Street SE and four other Cedar Rapids residents. Details include birth dates, survivors, church affiliations, funeral arrangements, and burial plans with locations in Cedar Rapids and nearby towns. Other notices mention William J. Mather, Jennie Wilson Hilton, and Enos Lekin with birthplaces, service, family, and service details.
Lost purebred silver gray Scotch collie male named Micky with reward offered. Contact Manuel Straesslin or phone 20405000. Also missing a Brindle bulldog with white streak, name Micky, and a child’s gold mesh item at Culver’s car lot. Other notices list a white puppy named Teddy and a lost billfold with valuables. Call 2-2538 or 2-4617 or 2-8563.
United States Department of Agriculture reports broad demand for fine wools in Boston. Prices show original bag territory at 99 to 101 cents per pound for fine wools, 87 to 89 cents for short to average French combing lengths, and Texas stock at 92 cents scoured for average quality.
The Linn county district court opened its term with defendants pleading guilty before Judge John T. Moffit. Henry E Harms, 76, of Malilon, was fined $500 and costs for drunken driving as a second offender after withdrawing a not guilty plea. He previously was convicted on a drunk driving charge in 1934. Harms was arrested June 27 six miles east of Marion on highway 151. Fred Wilson, 42, of Cedar Rapids, pleaded guilty to a second offense after a prior conviction in 1932. He has been in jail since May 24 and received six months in county jail, with credit for time served. Wilson’s first conviction was April 5, 1932. He was arrested May 23 after a truck collision with a parked car on Ninth avenue SE. Marvin Law, 28, of Cedar Rapids, received an indeterminate one-year Fort Madison penitentiary term on a charge of ...
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