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Newspaper
Evening Huronite
Location
Huron, South Dakota, United States of America
Date
Jan 05, 1939
Page
2
Market news reports hog prices steady to firm with 7,000 receipts. Cattle steady and active. hogs 200 lb and lighter quoted up to 10 higher, heavier weights steady. Sows 6.10 to 6.25. Sheep bids 10 to 15 lower with 1,200 head seen early fat lamb offerings.
New York market notes show butter and eggs weak with varied prices for creamery items and cheese. Live poultry prices and types listed, with dressed poultry steady to firm and several price points noted across chickens and turkeys. Chicago live stock market active and higher. hogs, calves, steers, and cows up with mixed gains and limits in certain categories.
Markets at a glance show stocks lower with steels and aircrafts reacting, bonds mixed while rails rise. Irregular curb, utilities weaken. exchange erratic with sterling and franc up. Cotton and sugar quiet amid selling and buying. coffee shows local buying and European selling. In Chicago, wheat weak abroad, corn soft as Argentina gains, cattle higher, hogs up to 20 cents.
Chicago and regional grain markets report renewed profit taking on weakness in foreign markets with wheat futures down about a cent. Milling demand remains robust but prior gains are viewed as priced in, with mixed moves across corn oats and barley and various regional price quotes for livestock and dairy products.
Trading in cattle hogs and sheep reported with varied results. Cattle included steers, heifers, and cows with prices ranging up to about 10.75 per hundredweight and bids mixed. Hog market showed heavies to lights with prices around 6.15 to 7.40, while sheep and lambs quoted near 8.60 for top lots and limited activity overall.
Sioux Falls prices show steady to strong cattle with bulls at 96.50 and feeders 7.00 to 8.50, hogs uneven but mostly top around 7.25, cattle around 8.00 hundredweight. Sioux City market notes higher fat steers and yearlings. calves 100, prime cattle quoted above 13.00, cows 5.90 to 8.50 and stock steers 7.75 to 8.25.
Sioux Falls and Sioux City wholesale markets report poultry hens leghorn and heavy breeds with weights and prices, live ducks and geese, eggs by No 1 and No 2, butterfat values, and turkey quotes. Minneapolis flour carload quotations and Minnesota grain ranges are listed with grain types and prices.
Chicago futures show mixed open with wheat led by March at 69.5, May around 70, and July near 70. Corn and soy follow with May at 39.4 percent, July at 54.3, and Sept at 55. Oats and rye show modest gains while Minneapolis cash wheat receipts total 40 today, with quotes drifting lower by cents on multiple grades and protein options.
New York stock action showed steels and aircrafts dragging down most indices while investors awaited Washington. The budget message proposing continued large deficits and Roosevelt appointment news from Harvard professor Lankford kept traders cautious. Government bonds and mortgages moved unevenly as daily turnover weakened after early gains.
The body of aged Mrs. Anna Baker was found in a rooming house with evidence of an attack. Police named her son B. W. Baker and two other children as relatives while Commander Thomas F. Rattigan led the detective division. A waiter, George A. Southwick, 37, reported hearing a thud and a scream before noon yesterday.
Paris police raided a villa in Bruney a suburb of Paris uncovering a subcellar printing plant for a ring manufacturing and distributing large quantities of counterfeit United States and British currency in Europe Detectives seized bogus $10 and $20 notes and five pound notes guarded by a Saint Bernard dog A sprinter was arrested.
Jerome "Dizzy" Dean signed a 1939 contract with the Chicago Cubs for a reported salary of $20,600, matching last season. Dean weighed six pounds less than at season end and praised the Cubs, saying he would win 20 games next year. The article includes stock quotes and financial listings from the period.
Digest of bills introduced in the South Dakota Legislature. SB 1 extends the period for paying delinquent taxes in ten annual installments through October 1939. SB 2 authorizes township mutual insurance companies to insure property in incorporated cities and towns as well as rural areas.
In Akron a family seeks probate court approval to rename their children to Lincoln Franklin and Jessie Elizabeth after their WPA check arrived late for Christmas. The parents say the delay prompted the name change plan following the late pay.
Milwaukee road seeks ICC deferral on Milwaukee reorganization. Management argues examiner M S Jarmeson erred in not recommending postponement and in ruling Milwaukee common stock valueless while granting preferred holders warrants to buy new stock.
Felix Frankfurter, born 1842 in a rabbinic family, rose from immigrant student to Harvard Law School top graduate and Harvard faculty leader in administrative law. He served as U S Attorney in New York, war bureau official, and labor coordinator before joining the Supreme Court after Roosevelt's nomination.
Weather continued on page one with wet snow leaving a half inch of moisture and slick conditions improving under sunny skies. Reports from Sioux Falls Brookings Yankton Mitchel Huron show notable moisture while Yankton saw lightning and a fire. Minnesota reports heavy snow and treacherous roads with eight to ten inches near Ortonville Morris and Ebow Lake. Twin Cities air traffic disrupted and highways treacherous.
Reports from Berlin Paris and Pekin show leaders weighing neutrality shifts and military pressures. German Italian press rebuke Roosevelt while Daladier tours North Africa as French mine workers threaten strikes and a French cinema lockout continues. In China the resignation of Konoye is labeled an admission of failure in Japan's China policy.
The president urged Congress to avoid actions aiding aggressors and hinted at new powers to use economic leverage. Senators Nye and Pittman debated amending cash and carry and embargo provisions, with Nye criticizing selective sanctions and warning against executive choice of aggressor. Diplomats expect cautious moves as Congress weighs broader neutrality law reform and universal effect on future war parties.
Senator Wheeler of Montana introduced legislation to cancel farmer loan obligations in drought regions. The measure aims to ease burdens on injured growers as drought impacts crop viability and financial stability.
Markey, former county state's attorney, is appointed by the county commission to supervise foreclosures tax disproperty sales and tax collection and to assist State's Attorney Luby. The new duties also include supervising tax deeds and related foreclosures as assistant to the state attorney. The appointment follows a board session and coincides with a farm and sanitarium committee reshuffle and WPA relief adjustments for laid off workers.
The agriculture department announced a commercial corn allotment totaling 43,239,659 acres for planting in 12 midwestern states. The figure surpasses last year’s 40,495,537 acres, with 20 fewer counties included in the current commercial area.
New York January 5 report reveals that dividends on McKesson and Robbins preferred stock were paid via sales of non existent inventories in the parent company. Testimony shows Canadian McKesson parent and Maryland McKesson and Robbins used inventory purchases to fund payments. Investigation accounts for tax payments and fund transfers, with figures cited around 1937 and 1938.
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