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Newspaper
Evening Huronite
Location
Huron, South Dakota, United States of America
Date
May 03, 1938
Page
2
At Hurgn May 3 hog market held steady to weak with receipts count listed as 250. Quotations remained unchanged across all live stock categories. Representative sales from Sioux City show cattle activity with mixed steers and yearlings and cow and heifer lots reported with varied prices.
Sioux City market items include hens and leghorns with varied weights and prices, broilers and ducks, eggs and butter with pack terms, and sheep, bucks, and hogs noted by weight classes and price ranges. Packers and sows values listed. unfinished hogs priced by condition.
Markets at a glance show mixed activity across regions with strong stock gains in New York led by industrials, higher bonds, and a steadier to softer commodity picture. Wheat futures climbed in Chicago and Minneapolis cash prices edged higher, while corn and oats showed mixed to lower quotes across markets and regions.
Market tidbits from Mitchell Watertown New York Minneapolis Chicago and Sioux Falls detail poultry and butterfat prices. Hens leghorn roosters geese ducks and turkeys listed with weights and varying regional quotes. butterfat prices No 1 No 2 and butter values noted along with creamery and cheese figures. Also included are flour futures and potato prices with regional price ranges and shipment notes.
U.S. D A Thill reports a weak market across hogs and cattle with waterfowl effects noted. Hogs top at 25 dollars, while cattle and sheep prices show mixed softness and limited gains, with several classes down from prior levels in Chicago and Sioux Falls reports.
Traders in South St Paul report mixed cattle and hog prices with steady to weak trends. Cattle: fed steers 7.25 to 8.25, heifers mostly under 800, beef cows 5.25 to 6.25, stockers scarce. Hogs: 5,500 head, direct 38 percent, mostly steady to weak, top around 8.00 for select lots. lambs and sheep show modest declines for slaughter stock. dairy cows steady with springers from 70 to 85.00.
U S D A cattle prices show calves and yearlings steady to lower with undertone softening for steers and yearlings. Top steers range near 7.50 to 7.75 in light to medium weights. cows and cutters around 5.50 to 6.25. stock steers 7.00 to 7.50. Sheep offerings about 1000 with steady to softer demand. best woolen skins around 8.25.
Wheat rose two cents in Chicago trading after a drop to a four year low as May contracts were prepared for shipment by boat. Investors noted firmer securities lifting prices while analysts questioned the winter crop prospects amid broad areas of uncertainty and potential damage from late planting.
Secretary Gene Denning and the Chamber of Commerce relocate from the Marvin Hughitt Hotel mezzanine to rooms 297 and 298 on the second floor of the National Bank of South Dakota building at Third Street and Wisconsin Avenue Southwest. The move follows an April 7 fire that damaged the J C Penney building. The same telephone number 8146 will be kept.
J P Morgan testified before the SEC that his firm made an $800000 unsecured loan to Richard Whitney without Morgan’s consultation. Bernard E Smith described Whitney’s finances and a March 8 meeting where Whitney sought $250000, facing suspensions and a jam.
A dense stock table lists numerous corporations with fractional to full percent changes or values. Names include Amoco, Amoco, Anaconda, Boeing, General Electric, General Motors, Chrysler, DuPont, Eastman Kodak, IBM, John Mann, Kroger, Libby, Lowes, Penney, Phillip Morris, Procter Gamble, Sears Roebuck, Shell, Union Carbide, Union Pacific, United Airlines, US Steel, Westinghouse, and many more across industries from oil to manufacturing to retail. The compilation reflects market quotes and corporate ties common to late era financial pages.
In New York on May 3 stocks reversed their down trend as favored issues led a modest upturn with prices rising around four points amid profit taking later near the close. Approx 450000 shares traded. Minneapolis Bank stock noted. New York and other names appear in the report with various securities listed and market chatter.
A 30,000 dam at Mound Lake State Park northeast of Luverne collapsed under torrential rains, flooding 2800 acres of sand and washing out 20 feet of the north and 70 feet of the south dam sections. Farther upstream a smaller dam was damaged. cattle were moved as a precaution. Heavy rain spread to the Sioux Falls area with two inches in Sherman and Hartford, and 1.18 inches at Garretson. Sioux Falls logged 1.26 inches in 43 hours, Mitchell 1.09 inches, as statewide precipitation continued.
Voter activity lagged in Sioux Falls and Mitchell as polls opened for the party nominations. Major contests centered on Democratic senatorial and gubernatorial races with religious fare amid campaigns. Republicans and Democrats debated candidates in district contests while unopposed Mundt and Case automatic nominations left ballot lines sparse. Government debt and farm loan bonds also noted in U.S. bond news.
Washington May 3 The Senate banking committee received administration proposals for emergency railroad aid. The bill by Senator Truman would authorize the Reconstruction Finance Corporation to lend for equipment and maintenance, with 75 percent of federal advances for reemployment of furloughed workers since Sept 1 1937. It also waives a prior ICC reorganization certification until June 3 1973.
London May 3 Prime Minister Chamberlain moved to urge a handshake between Czechs and Germans as the British government, with French help, seeks a diplomatic settlement of the Sudeten crisis. A conference between Czech Minister Jan Masaryk and Viscount Halifax outlined a compromise path, aiming to modify German demands while awaiting Hitler's return from Italy.
Seaplanes search for the 1,250 ton Muagailanes after it sent an SOS yesterday. The Caliean passenger steamer is missing with an unknown crew and passenger count. A Chilean rescue effort is coordinating with reports of distress signals.
The post office department reported no bids for a new Bismarck to Minot air route. Harllee Branch announced Northwest Airlines of St. Paul received an extension of the Fargo Seattle route to carry mail from Yakima to Portland. It is the first extension granted under the new spur act.
Front reports show Japanese forces retreating north from the Lunghi railway toward Hankow as Chinese infantry repulse ten assaults in south Shantung. Chiang Kai-shek’s troops press to push Japanese back, with reinforcements moving toward the Tientsin-Pukow railway and major troop movements counted along Chengchow to Suchow corridors. Hospital notes list several admissions and dismissals among local crews.
In Washington on May 3 the Senate banking committee agreed unanimously to defer action on the Glass bank holding company bill for the current session. The move effectively sinks the measure unless a special session occurs before January. Glass plans reintroduction next session with minor technical changes amid agency debates between the Federal Reserve and the FDIC. Virginia Democrat Senator opposed action this session despite assurances from existing holdings. The committee favored delay due to insufficient time for full House consideration.
Washington May 3 The Internations Ladies Garment workers union allied with rival factions in organized labor faced intensified attacks from the American Federation of Labor and the CIO. AFL expelled six unions for switching allegiance to the CIO while keeping garment workers suspended, opening a path for return. Dubinsky of the J.A.G.W. resisted CIO leadership moves as the strike of unions widens across Amalgamated Clothing, Iron and Steelworkers, Rubber Workers, United Automobile, Tuxary Workers, and Oilfield Gas Well Refinery workers.
A National Music Week observance at the Huron Co Operative Club luncheon featured a program led by Mrs. J. S. Nelson. Mrs. Max Royhl and Clifford Dexter performed piano numbers, others contributed songs, and a trio including Mrs. Robert D. Lusk and Frank Coffey sang with accompanist Mrs. Walter Matson.
Mr and Mrs Herschel Ratliff of Long Beach arrived Thursday evening for a several week visit with Mrs Ratliff s parents Mr and Mrs Henry Buss and family in the Long Beach Rockham area.
A mixed fragment lists FOR RENT Furnished modern Ave room house Frank Sanderson Wheels ers and SIX ROOM modern house inquires at Coast to Coast Store. Also WANTED reliable pastry to assume balance on almost new electric refrigerator under three months usage. Details via 1675 care Evening Huronite.
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