The Mason City Globe-Gazette from Mason City, Iowa on March 8, 1939 · Page 14
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March 8, 1939

The Mason City Globe-Gazette from Mason City, Iowa · Page 14

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Wednesday, March 8, 1939
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14 MASON CITY GLOBE-GAZETTE WEDNESDAY, MARCH 8, 1939 Hogs Mostly Steady; Spots 5-10 Cents Off 10,000 HEAD ARE RECEIVED Yearlings Steady But Other Cattle Slow and Steady to Weak , CHICAGO, (/P)--Hogs failed to regain Tuesday's losses Wednesday, holding mostly steady, with spots 5 to 10 cents lower. Receipts of 10,000 head again were heavier than expected. (IT. S. department agriculture) --Hogs 10,000; mostly steady with Tuesday's average; spots 5 to 10 cents lower on weights 220 Ibs., down; top S8.10; good and choice 160 to 230 Ibi., S7.85-8.10; 240 to 270 Ib. butchers S7.65-7.95; 280 to 350 Ibs., averages $7.35-7.60; good medium weight and heavy packing sows $6.75-7.10; light butcher kinds up to $7.25. Cattle 7,aUO; calves 1,000; yearlings and well finished weighty steers steady; others slow, steady to weak; yearlings scarce; shipper demand fairly good at 311.50 upward; largely steer run; top S13.75 paid for approximately 1,260 Ib. averages; not much here well finished enough to sell above $12.50; however, best yearlings S12.15; heifers strong to shade higher; cows steady to strong; with all interests buying; bulls steady, weighty sausage offerings up to $7.50; weighty kinds in load lots $7.35; vealers weak at $11.00 down; few 511.50; stockers and feeders strong to 25 cents higher for week to date, meaty feeders up to $10.00; yearlings to $9.75. Sheep 5,000; late Tuesday; fat lambs mostly steady; top $9.25; bulk $9-9.25; 100 to 113 Ib. weights $8.50-9.15; sheep steady; good ewes $4.75; Wednesday's trade fairly active; about steady on all classes; good to choice lambs $8.85-9.25; yearlings SB down; bulk choice fed western ewes $5.00. $10.65; 600 Ib. heifers ;10; cows up to $7.50; good to choice vealers S810; few S 10.50 Hi 11. SHEEP 3.800; lambs steady to 10= higher; sheep steady; choice 93 Jb. fed Colorado lambs to shippers £8.35; other fed lots to packers $8.258.85; natives down from $8.50. Local Livestock SOUTH ST. PAUL LIVESTOCK (Wednesday Market) SOUTH ST. PAUL, Wj--Federal slate market service. CATTLE 2.000; opening steady on most classes; medium steers 38.509.50; medium and good heifers S7.259.25: beef cows $5.50c-t6.50; low cutters and cutters $4fi5.25; top sausage bulls to SI. Caves 2,000; good and choice vealers S8.50'y"10; stockers and feeders steady; plain and medium steers S7$i8. HOGS 4.500 salable; total 5,500; fairly active, steady to lOc higher; practical top $7.65: sows S6.656.70; stags SGSiG.50; pigs $7.75 Si 8. SHEEP 2.500; no early action, sellers asking steady to strong on fat lambs; indications steady on slaughter sheep and feeding lambs; good and choice slaughter lambs Tuesday S8.75SJ9; bulk 965198 Ib. fed Jambs S9; good and choice ewes Tuesday $41* 4.50. Livestock Markets MIO-WEST HOGS MASON CITY--For Wednesday. 110GS Steady. Good light lights 140-150 56.15-6.25 Good light lights 150-160 56.65-6.75 Good light lights 160-170 S7.15-1.2-i Good light lights- 170-180 S7.50-7.EO Good light butchers -. I80-2M S7.50-7.60 Good light butchers .. 200-220 S7.50-7.60 Gotld me. wl. butchers 220-250 $7.40-7.50 Good me. wt. butchers 250-270 S7.2o-7.35 Good me. wt. butchers 370-290 57.10-7.20 Good me. wt. butchers 290-325 56.95-7.05 Good me. wt. butchers 325-350 $6.80-6.90 Good heavy butchers -. 350-400 S6.65-6.75 Good packing sows ... 275-350 $6.55-6.65 Good sows . 350-425 S6.45-6.55 Good sows 425-500 56.35-6.45 Good sows 500-550 S6.35-6.45 (The above Is a 10:20 truck hog market for good and choice hogs.) CATTLE Choice to prime steers, heavy* 510.00-11.00 Good to choice steers, heavy $ 8.50- 9.50 Medium to good steers $ 7.50- 8.50 Fair to medium steers $ 6.50- 7.50 Plain to fair steers S 4.00-6.00 Choice to prime yearlings .... S 9.00- 9.50 Good to choice yearlings S 8.00- 9.00 Medium to good yearlings -- $ 6.50- 7.50 Good to choice heifers --... 5 8.00-9.00 Medium to good heifers S 7.00- 8.00 Fair to medium heifers { 6.00- 7.00 Plain lo fair heifers 5 4.00- 6.00 Good to choice cows, heavy .. S 5.75- 6.25 Medium to good cows ........ S 5,25- 5.75 Fair to medium cows S 4.15- 5.25 Cutters S 4.00-4.75 Canners S 3.00- 4.00 Good to choice heavy bulls .. S 5.75- 6.50 -Light bulls $4.75-5.25 Calves, good to choice 130-190 S 7.00- 8.00 Calves, mcd. to good 1ZD-1SO S 6.50- 7.00 Calves. Infer, to med. 130-190 S 2.50 d'wn SHEEP Genuine spring iambs, good to choice 70-90 5 7.50- 8.00 Spring lambs, good ID choice 70-90 S 6.00- 6.51) Spring lambs, medium to good 70-90 S 5.00- 5.50 Spring lambs, common $ 4.00-5.00 Native ewes, good 1° choice S 1.50- 2.25 Cull ewes 50c to Sl.OO Old bucks 50ctojl.no MIDWEST LIVESTOCK Livestock prices at midwest markets Wednesday: AUSTIN, Minn.--Hogs steady; 140 to 150 Ibs. S8.00S6.30; 150 to 160 Ibs. J6.45 (36.75; 160 to 170 Ibs. 56.8067.10; 170 to 180 Ibs. 57.10®7.40; ISO to 220 Ibs. $7.30 «17.60; 220 to 250 Ibs. 57.206Z7.50; 250 to 270 Ibs. 57.0507.35; 270 to 290 Ibs. $6.85 ,15; 290 to 325 Ibs. S6.70S7.00; 325 to 350 Ibs. J6.55a6.85; packing sows, 275 to 350 Ibs. 56.33fi 6.65; 350 to 425 Ibs. J6.25 1(16.55; 425 to 550 Ibs. SS.15fi6.45; 550 Ibs. and up S6.I51i6.45. ALBERT LEA. Minn.--Hogs steady; 140 to 150 ibs. 56.25^16.40: L50 to 160 Ibs. 56.60S76.75; 160 to 170 Ibs. S7.0037.15; 170 to 180 Ibs. S7.30'57.45; 180 to 220 Ibs. S7.40 «1.55; 220 to 250 Ibs. $7.25fe7.40: 230 to 270 Ibs. S7.10S7.25; 270 to 290 Ibs. S6.90 «l7.05; 290 to 325 Ibs. 56.75^6.90; 325 to 350 Ibs. S6.60O6.75; 3aO to 400 Ibs. S6.45® 6.60; sows 275 to 350 Ibs. S6.45S6.60; 350 to 425 Ibs. S6.30«i6.45; 425 to 500 Ibs. S6.15 6.30; 500 to 550 Ibs. S6.00©6.15: 500 to 600 Ibs. S5.85R6.CO. WATERLOO--Hogs steady. Prices unchanged. Cattle: Tone lower. Steers good to choice $9£ilO; medium to good §7.75ft 8.50; fair $6.2jfa7; common 534; yearlings good to choice $9C10; medium to good $8079: fair S6£(7: common $4^5. CEDAR RAPIDS--Hogs and cattle unchanged. OTTU.MWA--Hogs steady to lOc lower. 140 to 150 Ibs. S6.25CTi6.55; 150 to 160 Ibs. S6.COlJ6.SO; 160 to 170 Ibs. S6.80lji7.10; 170 to 180 Ibs. $7.10$ 7.40; 180 to 220 Ibs. S7.30B.7.60; 220 lo 250 Ibs. 57.15S7.45: 250 .to 270 Ibs. S7(T17.30; 270 to 290 Ibs. 56.85 ff/7.35; 290 to 325 Ibs. 56.70^7; 325 to 3oO Ibs. SC.55g6.85: 350 to 400 Ibs. $6.35«i 6.65; packers 275 to 3!0 Ibs. 56.30S6.60; 310 to 350 Ibs. S6.30H6.60; 350 to 425 Ibs. S6.20ff6.50: 425 to 500 Ibs. S6.05J6.35; 500 to 550 Ibs. S5.95g6.25; 550 lo 600 Ibs. S5.80a6.10. WHEAT PRICES DECLINE CENT Selling Is Based Largely on Fears of Pressure by Argentina CHICAGO, (IP) -- Wheat values here and in foreign markets dropped about a cent a bushel Wednesday as a result of selling based largely on fears that Argentina may soon press her wheat more aggressively on the world market. Export demand from Europe was slow. Liverpool and Winnipeg markets led the decline. Moderate commercial buying helped to support the market. Wheat closed ^ to % cents lower than Tuesday, May 67% to 6T/ac, July 68 to 68Vsc, and corn was V to % cent down, May 48y 4 to 48%c, July 49%c. were fa to % cent lower. Oats CHICAGO CASH GRAIN (Wednesday Market) CHICAGO. «v-Cash wheat No. 5 red GO lie; No. 3 mixed 69c. Corn No. 2 mixed SO'^c; No. 2 yellow 48Vitf49c; No. 2 white 51'/4c. Oals No. 1 mixed 31^c: No. 1 white 32^c; sample grade while 27fli29}ic. Barley Illinois malting 48S60e; nom.; feed 33fi40d nom. Soy beans No. 3 yellow 86c. Timothy seed S2.£5ci3.15 nom.; red clover seed 51316 nom.; red lop 59.25 Mason City Grain MASON CITY--For Wednesday No. 3 white oats 21",!; No. 2 yellow corn 34c New ear corn 30c No. 2 soybeans 67c Barley 25-35c WEDNESDAY GRAIN CLOSE CHICAGO, High .68'.'. .69!. COMBINED IIOG RECEIPTS (Wednesday M a r k e t ) DES MOINES. Oft-- U. S. department of agriculture. Combined hog receipts at 20 concentration yards and 10 packing plants located in interior Iowa and southern Minnesota for the 24 hour period ended at 8 a. m. Wednesday were 21,800 compared with 4.400 a week ago and 2D.GOO a year ago. Mostly steady with average Tuesday: spot 5 to lOc lower: undertone, moderately active; loading slow and some less than 18,500 week ago. Barrows and gilts 160 to 180 Ibs. good and choice S7.105i7.65; 180 to 200 Ibs. S7.3ofi7.75; 200 to 220 Ibs. $7.3507.75; 220 to 230 105. S7.20fi7.65; 250 lo 290 Ifas. 36.90 6 ( 7.45: 290 to 330 Ibs. S6.70«S.80. Pack- Ing sows 275 to 3oO Ibs. good SG.40ft6.£tl: 350 to 425 Ibs. S6.256.65; 425 to 550 Ibs. 5S.1036.55. LIVESTOCK FORECAST CHICAGO. W)--Official estimated livestock receipts Thursday: Cattle 5.000: hogs 11.000: sheep 14.000. Representative Sales WHEAT-Mar. ... May ... July ... Sept. .. CORN-Mar. May 43 July 50 Sept. s '. 51 OATS-May 23 July 27 Sept 26 SOY BEANS-May July ' 84 Oct RYE-May 44 July 40 Ccpr 4£ LARD-Mar May July Sept. .28i .27 .25 !i Cash Income of Farmers In January of Each Year MIU* OOIU 700 600- 500 300 200 100- a- 3N Cdih Income from Farm M«iL*t- in J*flu«ry ei Each Year n PI ^^ - - 1934 , fe "». *37 TM 1^9 Stock List NEW YORK STOCKS (Wedneiday Market) By The Associated Press Air Reduc 59 ] .i Lambert Al Chcm Dy 182'^ Allied Sirs 1014 94'A 3'.i 27'/» 17 13 Am Can Am For Pow Am Loco Am Had St Am Roll Mill 19 Am Smelt Ref 43^i Am Stl Fdrs 35}« Am Sug Ref 19',-j Am T i T 155 Am Tob B 87?', Am Wat Wks 13tt Anaconda 32Vt Arm 111 S'.'M Atch T S F 39i Atl Refin 21Ta Auburn Auto Bait Ohio Bamsdall Bendix Av Beth Stl Boeing Airpl Bordcn Bors-Warn Bridgept Br Budd Mfg Can D G Ale Can Pac Case Caterp* Tract Ches Ohio Chrysler Coca Cola 7'i 17»« 27; j 75',i 30'/. 20V. 19V« 5 94 K 52 40 8-1!'. 131 Col Gas Si E a''. . 6.77 . 6.92 . 7.10 .84 -83*1, .78 Vi .44'i .45»i .46',4 6.65 6.75 6.87 7.02 12»: II, 34 27'.i 71T OMAHA GRAIN (Wednesday Market) OMAHA. *i--Wheat, dark hard No. 3, eSfiTZ'Hc; No. 4. 74c: No. 5. 68',ic: hard No. 3. 65'/i".i 67^c; No. 4, 62£65 3 /.c: No. 5. 61!^ 62 Vic. Corn, yellow No. 3. 42 ] /c. Oats, white No. 3. 27»lc. Rye. No. 3. 41 = ic. Barley, none. ot OMAHA LIVESTOCK (Wednesday Market) OMAHA. H'j--U. S. department agriculture. HOGS, salable 2.500: slow, uneven: opened steady to strong: spots 5 to lOc higher for 220 Ibs. up, but limited volume such weights later steady to 5c lower; most 210 Ibs. down sold early to shippers; packers bidding fully 10 to 15c lower, top $7.65 for 175 to 210 Ibs.: no to 210 Ibs. $7.60?7.65: 220 to 230 Ibs. S7.3S A7.60: 260 to 350 Ibs. S6.85J|7.35; sows steady to lOc lower, mostly ?6.50; stags unchanged at $7 down. CATTLE, salable 4.000; fed steers, yearlings steady to weak: shestock steady: bulls weak to 25c lower: vealers steady; stockers. feeders nominally steady; fed steers, yearlings $95i 12.25; fed heifers S3ti 10: beef cows S6«i7. cutler grades S4.50S5.75; bulls $6.25*1 7.15; top vealer, $9.50ftlO; stockcr and feeder steers $8.50 G9.75. SHEKP. salable 9.000; fat lambs slow: early indications 15 to 25c lower; asking steady; other classes steady; early bids fed woolcd lambs $a.50e8.75, best held $8.85 and above; slaughter ewes S4-50 down; feeding lambs S8.50fiS.75; bred ewes $4.8596. (Wednesday Market) CHICAGO, (;?j--Representative sales: HOGS Heavies-- (Medium-64 Z52 7.90J49 208 8.10 56 2S4 7.75,78 226 8.00 50 330 7.50] 51 243 7.50 Light-- [Light Lights-38 186 8.10126 185 7.75 81 195 8.00116 142 7.50 4G 172 7.90i CATTLE Steers-- | Heifers-18 1306 13,75; II 967 11.00 25 1269 12.85J6 1040 11.75 28 1239 12.65|30 767 2075 15 1030 12.50| SHEEP Fat Lambs-- [Slaughter Yearlings 224 91 9.2.1-46 92 S.OO 220 94 9-l5|5]auc.hter Ewes-75 94 9.0fli 183 122 5.CV) 400 83 8.85:62 100 4.23 Hides Qa»Ut*ori» Fninlstictt by Wolt Broa* 1: 308 Fifth Street Southwest aOBSEHlDES Horschldes 51 -GREEN BEEF HIDES From 15 Ibs.. up From 15 tbs.. down Bull Hides SIOUX CITY LIVESTOCK {Wednesday market} SIOUX CITY, (^--Sioux Cily livestock close. CATTLE, salable receipts 2.500: calves, salable receipts 30c: pood beef steers ?nd yearlings steady: common and medium steady to weak: load lots cood long yearlings up to 511: car lout medium grade cood beeves SlOSj 10.50: prime quoted above S12.75: bulk medium to good light weights S7.75fi3.85: co\vs steady to weak: bulk common to good S5.75ir7: most cutter (Trades S4.50ft5.50: stockcrs and feeders scarce, firm. HOGS, .salable receipts 3.000: slow; butchers 230 Ibs. down to shippers, steady to 5c higher: heavier weights to packers 5 lo lOc lower; top $7.60 for sorted 210 Ibs. down: good and choice 170 to 140 Ib. butchers S7.40«j7.55: 240 to 265 Ib. weights 57.25fc7.40; packers stopping at S7.40: 265 to 295 Ibs. S7SJ7.25; 290 to 400 Jb. heavies SB.757; good sows mostly 56:60; few $6.65: feeder pigs $?."5ft8. SHEEP, salable receipts 2.800; fat lambs 15 lo 25c lower; good and choice fed v.-ooled mostly S8.50fi8.75; load 83 Ib. averages S8.85; 105 Ib. weights S8.50; short deck recently shorn held above S7.50; package fed yearlings S7.50: fat ewes steady; 2 loads choice 121-125 Ib. fed ·westerns Si.75; feeder lambs scarce. BOSTON WOOL ( W e d n e s d a y M a r k e t ) BOSTON. (jFj--U. S. department of aericulture. Fleece wools were quiet in t h e Boston market Wednesday and quotations were inclined to case. Graded bright combing three-eighths and one- quarter blood fleece wools were offered around 31 cents, in the grease. Country packed mixed grade three-eighths and one-quarter blood bright fleece wools of the old clip were offered at 29«30c, in the grease, delivered east. New early shorn vvools of similar grade and packing were offered around 2Sc. delivered. MINNEAPOLIS GSAIX ( W e d n e s d a y Market) MINNEAPOLIS. (ifi--Wheat receipts Wednesday 82 cars; 23 a year ago. Quotations 1 cent lower. Cash No. 1 heavy dark northern 75 : !irJ 75?s: dark northern No. 1, 73;iJ75r.c; fancy No. I hard Montana 14 per cent protein 77'B(Ti78y«c; No. 1 dark hard or No. 1 hard Montana winter 71VB'fi73^ic; hard amber durum No. I, 64 ! ,i(s80V^c; red durum 61',?c. Corn. No. 3 yellow 41 1 /*Si42^c: quotations ^kc lower. Oats. No. 3 -white 2G^«6283ic, Baricy 30S6SC. Coml Eolv Comwlth Con Edison Con Oil Con Can Con OH Del Corn Prod Curtiss-Wri Deere Co Deere Co Douglas Air Du Pont Eastman El Pow 4: Lt Fairbks-Mors Firestone Gen Elec Gen Foods Gen Mills Gen Mot Gillette Goodrich Goodyear Gt No By pfd 29 Homestake 64r Hudson ' 1^ Hupp Mot 111 Cent Int Harvest Int Nick Can Int T T Johns-Manv Kennecott Kresge 15!= 27!', 27}! 6G',i 4U 53!i 23''? 4U'.i 56=k 36! - 4 9V. an 16 75 --h iar, 31',. 13-i 13 r :i 7V. 28?, 27',i 50'. STOCK ADVANCE IS CONTINUED Many Shares Climb 1 to 4 Points in Wall Street Trade NEW YORK, (IP)--The stock market resumed its advance with a more confident stride Wednesday and many shares climbed 1 to 4 points, some to the highest prices recorded this year. American Telephone extended its advance into new high ground. Also at new highs for the year or longer were Montgomery Ward, Public Service of New Jersey, Sears Roebuck, Greyhound, National Freight and National Dairy. Wall street found its chief sources of inspiration in London and Washington. Rising security markets in the British money center and Washington reports indicating tax revision and other moves to stimulate business drew favorable attention in speculative quarters. Transactions approximated 900,000 shares. ". 23^4 P ia' 6f 91'.. 40'.i 23% Llbbey O F G 51 Loews Marsh Field Maytag Mldcont Pet Mont Ward Nash Kelv Nat Bisc Nat Cash. HeR 24»i Nat Dairy Pro IS',V Nal Distill 27^ Nat Lead 24 Nat Pow St Lt 9',; N Y Cent 2071 No Amer Av 17^ North Amer 25Ta Nor Pac 13 Oliver Farm Otis Elevator Otis Steel Owens 111 Gl Packard Farm Pict Penick Ford Penney Penn Ry Phillips Pet Proc Gam Pullman Pure Oil Radio Rem Rand Repub Stl Rey Tob B Sears Roeb Shell Union Simmons Socony Vac Sou Pac Std Brands Std Oil Cal Std Oil Ind Std Oil N J Stew-Warner Studebaker Swift Co Texas Corp Tex Gulf Sul 30H Tim Roll B 48 Transamer 6^4 Un Carbide 85'.\ Union Pac 103^ Unit Air Lines 13 Unit Aircr Co 38^1 Unit Corp ."m Unit Drug 6 1 ,; U S Gypsum 102! U S Indus Ale 25V U S Rubber SI 1 U S Steel 65 Walgreen 1B T , Warner Pict 5? West Un Tel 23? West E! i Mf 115', Wilson Co 4'a Woolworth 49 Wrigley Jr 19 Yellow Truck 20'i Youngstown 5I'/« Bond Market NEW YORK, (/p,_U. S. treasury and rail bonds again pushed upward Wednesday, carrying higher much of the res! of the list. Gains of as much as 7-32 point were recorded for treasury issues by noon, while rail bonds generally were rising om fractions to as much as 5 points. Leaders in riEiiiu activity among the its were Southern Pacific 4',^s of '68. elaware and Hudson refunding 4s. Pa- fic of Missouri 4s. Nickel Plate 4',as, d Missouri-Kansas-Texas as of '62. Western Union 5s of '60 and Columbia and Electric 5s of May. 1939. were mong the gainers in the utilities field. Foreign government bonds were uneven ith comparatively little volume. light hens, under 4 Ibs. prings, heavy breeds ... pring Leghorns ""ocks. heavy Cocks, Leghorns :apons 18-2!c AU No. 2 Poultry 4 cents less. Merchants Quotations ;ggs, in trade 12-14c* £ggs, cash 12-14c Sutler, Iowa Slate Brand 32c Sutler, Corn Country Sutler, Plymouth Sutler, Very Best .......;., Julter, Clear Lake Sutler, Brookfield lusset Potatoes, peck Early Ohio Potatoes, peck EDITOR'S NOTE--These resentative quotations were ained by calling several grocery tores. Public Utility and Industrial Stocks Quoted by A. 51. SCHANKE CO. Telephone 1300, Mason City Miscellaneous KANSAS CITY LIVESTOCK (Wednesday .Market) KANSAS CITY, (*)--U. S. department of agriculture. HOGS 1,100; slow, stca(i* to 5c lower than Tuesday's average; top $7.60: good to choice 170 to 240 Ibs. S".40i7.60; 230 lo 310 Ibs. $7.10 7.40; sows $6.40^6.65; few $6.73. CATTLE 2,700: calv*s 300: k i l l i r p rlasscs fairly active, steady to strong: vcalcr.s steady to weak: slockers and feeders firm; load Texas caU club yearlings S12.7.i: Ftriclly good to choice mc- riium weight steers $11: medium and good grades $9«jl0.75; choice mixed yearlings CHICAGO POTATOES (Wednesday Market) CHICAGO. W,_U. S. department of agriculture. Potatoes 92; on track 321; total U. S. shipments £07; old stock. Idaho Rupsets dull: slightly weaker undertone: northern whites slightly weaker; Colorado McCUtres about steady: supplies liberal: demand slow: sacked per cwt.. Idaho Russet E u r b a n k s U. S. No I. few sales S1.50':tl.5.-: occasional largp higher: Colorado Red McClures U. S. No. 1. burlap sacks very few sales good quality and color 52^2.05; Wisconsin round whites U. S. P,"o. I. few sales S l.Oo: North Dakota Bliss Triumphs per cent U. S. No. 1 and better S1.4 L45: Cobblers U, S. No. I. $1.10: n stock about steady: supplies moderate- demand light; Florida Bliss Triumphs U. S, No. 1. bu. crates few sales SI 95 t!l.97'.i. Cent St El 6 pet pfd ($25 par) 7 Cent St El 7 pet pfd )S23 par) 8 Cent St P L 7 pet pfd 5 3 ,» Continental Gas Elec pfd.. 81 Creamery Package com 19 Hearst Cons A 6 Geo A Hormcl A pfd 104 Gcp A Hormel com 24li Interstate Power 6 pet p f d - . 4'4 Interstate Power 7 pet pfd .. 53i Towa Electric Co 6i pet pfd 29 Iowa Electric Co 7 pel pfd.. 30 la Elcc Lt Po\i,' B pel pfd . 63 la Etcc Lt Pow fifi pel pfd 6-i In ETec Lt Pow 7 pet pfd . fi9 la Power Light G pel p f d . . 102 la Power Licht 7 pet pfd .104 la Public Service fi pet pfd . 93 la Public Service S'.a pet pfd 93 la Public Service 7 pet p f d . . 101 Ta South Util 6 pet pfd .. 27 In South Util 6ft pet pfd 23 la South Util 7 pet pfd 29 Minnesota P I, 6 pet pfd-. S2 Minnesota P L 7 pet pfd.- 89 Northern St Power 6 pet pfd M Northern St Power 7 pet pfd 69 NW St Portland Cement com 23 Rath Packing 5 pet pfd ... 102 Sioux City Gas fie El 7 pet pfd 9i United Lt Power Class A . . 2^ United Lt Power Class B.. 2'/ United Lt 5; Power pfd 35 United Lt Bys 6 pet p f d . . . . 81 United Lt Rys 6.36 pet p f d . R2 United Lt Hys 7 pet pfri.. 83 WcFtcrn Groeer pfd 50 Western Grocer com . 4 S9 20 65 66 71 104 106 10(1 101 103 13 30 31 104 96 3 37 8.1 M 91 U. S. BONDS (Wednesday M a r k e t ) NEW YORK. f/P)--U. S. government bonds closed Wednesday: Treasury 3^is 40-43 June 104.31. Trcasury 4\ is 47-52 120.20, Home Owners Loan 3s 32 108.4. Supplementary List of Stock Quotations Supplied by LAMSON BROTHERS CO. Mason City Office in Bagley- Beck Buildinff. Telephone No. 7 D01V JON'ES A V E R A G E S Inds. Rail* t;iiT5 Close ............... 151.43 33.66 2fi.2 Total Sales ..................... l.OiO.OOl Bullcr Bros Cord Corp C H I C A G O STOCKS Cit Ser Marsh Fields NEW Y O R K CURB Lockheed Niag H Pow PCnnroad Cp S O Ky Co Un Gas Co Un Li Po Co 2' Am G Elcc 40 Am Cyan B 25',4 Am S Pow Co *\ Ark N Gas A 2^* As G El A 15-10 El Bd i Sha 12'.', Ford Mo Eng 4?i NEW YORK STOCKS Am C Sug Co 9'.« Mack Truck Am C F Co 30V4 As D Goods 10 Baldwin Loco 16'/« Briggs Mf Co 23? a Byers A M Co 11K Cerro dc Pas 44!ii Ches Ohio 40 C G W pfd 2'i CMSP Si P pfd r, Congolcum 28 !* Cudahy Pack lo'.i C-W Co A 25'i 2(1!'. 35V, 2 25''. 2.1% 13 23 NEW YORK SUGAR ( W t d n e s d a y M a r k t t ) NEW YORK. (.«--Modest recovery featured trading in domestic sugar futures Wednesday. May traded at $1.80, 2 points net higher. The list around noon was unchanged to 2 higher. World contracts gained 1 to 2 points under the leadership of the London market. July and Dec. each sold at SI.16, up 1 and 2 points respectively. Raw sugar declined 3 points as a result of spot house business in duty frees at 2.77 cents. Cnbas on a duty paid basis were nominally S2.SO. Refined was quoted within a range of 4.25 to 4.40 cent?. Government farm economists predicted at the start of the year that 1939 woud see improvement in the agricultural situation. Mid-Continent Given Authority to Continue Midwest Air Routes WASHINGTON, I/P)--The civil aeronautics authority authorized the Mid-Continent Airlines, Inc., Wednesday to continue its service in the middlewest A certificate of public convenience and necessity was granted to Mid-Continent to engage in the transportation of passengers and mail between Tulsa, Okla., and Huron. S. Dak., via Kansas City, and St. Joseph, Mo., Omaha, Nebr.. Sioux City, Iowa, and Sioux Falls, S. Dak., with service beyond Huron, S. Dak., to the terminal point St. Paul-Minneapolis, Minn., via Watertown, S. Dak., and beyond Huron to the terminal point Bismarck-Mandan, N. Dak., via Aberdeen, S. Dak. The CAA said the airlines was not now stopping at the Sioux City airport, but would iesume service there as soon as that municipality's airport was put iff suitable condition. Dist Cp Seag El Auto Lite Eric R R Co Foster-Wheel Freeport Tex Houston Oil Inspiration Indust Rayon Kroaer Lehieh Pt Ce 35 Lorillard 23 T Minn, Mol 1m Motor Prod 16 Ohio Oil 4 Packard Mot 4 Park Ut Cop 2 Plymouth 22 P S of N J 37 Pullman 35 Purity Bak R K O Reo Motors St Jos Lead Simmons Co S Cat Edison S perry Corp SI G fc E T W As Oil U S Smelter Vanadium Union Oil Cal Un G Imp Worth Pump 20 Aggies, Drake Will Play for Entry in National Court Tilt KANSAS C I T Y , (^--Oklahoma A. and M. and Drake university will play for the right to meet Oklahoma to decide which team shall represent the midland district in the National Collegiate Athlelic association basketball tournament at San Francisco March 20 and 21. The decision on the playolf was made Wednesday by a four man commit lee. Missouri, tied with Oklahoma for the Big Six championship, withdrew from the field. The Oklahoma Aggies and Drake tied for the Missouri Valley conference title. House Adds Approval to Senate Measure to Curb Bootlegging of Cigarets Estimated $800,000 Yearly Is Added to Burgess Whitehead Announces Marriage WOODVILLE, N. Car., OJ.PJ-- Burgess Whitehead, who was on the New York Giants' voluntary retired list last year because of illness, has been married to Miss Ruth Lyon of Windsor, N. Car., and Washington, N. Car., since Dec. 20, it was learned Wednesday. Manager Bill Terry of the Giants is irked because Whitehead hasn't reported to the Baton Rouge, La., training camp to try to regain the form that made him the regular second baseman. reduce MASON CITY-- For Wednesday ash Quotations by E. G. Morse ggs, current receipts ........ 13 c 'eavy hens, 5 Ibs. and over . . 12c ieavy hens, 4 to 5 Ibs ....... lOc Kc Al Hostak Seeking Re-Match After Win S E A T T L E , Wash., (U.R-- Al Hostak Wednesday demanded a rematch with Solly Krieger, who took his middleweight boxing crown last November, and Johnny Erjavec, a battered Chicago fighter, was convinced he deserved it. Hostak pummelled Erjavec for nearly three rounds Tuesday night, then knocked him out while 4,000 home town cheered. fans lie 8c 8c 7c 30c 32c .30c 30c 30c 39c .32c rep- ob- CHICAGO P R O I I U C E (Wednesday Market) CHICAGO. If!--Butter 627.035. steady; renmery firsts 183-83 score) 24 l ,ift25c; thcr prices unchanped. Rgs 17.018; steady; fresh graded, xtra firsts local 17!ic. cars 17'.ic: firsts, ocal 17c. cars I7c; current receipts 16 l .ic; lorage packed extras IS'.'ic. firsts IZc. John Paychek to Go Into Re-Match Tilt DES MOINES, tfP}--Promoter Pinkie George announced Wednesday that his heavyweight. Johnny Paychek, will meet Art Oliver of Chicago in a 10-round re-match at the coliseum here March 20. Oliver had Paychek on the floor for an eight-count during their recent bout at Omaha. It will be Ihe third meeting for the two fighters. Paychek has taken both previous bouts with decisions. The Des Moines bell hop will meet Stan Savoldi of St. Paul in a warmup fight at Cedar Rapids Thursday night. ' NEW YOHK PRODUCE ( W e d n e s d a y Market) NEW YORK. «T--Eggs 33.306. firm. Mixed colors, extra fancy selection 19'^ ~/21 ] .^c; standards 18?4ftl9c: firsts 18« 3'/4C: seconds I7Va^il731c; mediums 7',jc: dirties No. 1, 17!«c; average checks '/THG:c. Butter 1.024.505. easy. Creamery, higher han extra 2',a'S27Vjc: extra 192 secret 6«26.'c: firsts 188-011 24ViiS26c; seconds (84-87) 23'/3@24c, Cheese 188,551, steady. Prices un:hanged. CHICAGO POULTRT (Wednesday M a r k e t ) CHICAGO, (if}--Poultry live. 23 trucks, lens easier: chicken firmer: hen. 1 : over 5 Ibs. 17c. : Ibs. and under 19c: Leghorn icn.s Ifi'.ic: Plymouth Rock broilers 20c: iVhitc Rock 2f)c: fryers Plymoulh Rock 1'.^. While Rock 2lfic; olher prices unchanged. A. B. C. Keglers Set to Open Pin Battle CLEVELAND, (fP)-- The American Bowling congress' longest marathon--58 days of Keglers' thunder--opens Thursday on a battery of 32 gleaming new lanes in Cleveland's public auditorium. A total of 17,494 entrants will blast the maples for slices of $154,000 in prize money, or just for the fun of it, as the case may be. Business Notes CHICAGO PRODUCE FUTURES (Wednesday M a r k e t ) CHICAGO, (jpi--Butter futures, stor- ace stds.. close Nov. 22!ic. Egg futures, refri. slds.. Oct. 19!.c; storage firsts March 17%c. Sales declined more rapidly than inventories in all branches of activity last year, a survey by Eun and Brndstreet. Inc., of reports from 10.000 manufacturing, wholesaling and retailing companies disclosed. Dun and Bradslreet announced that total dollar sales of reporting manufacturers were off 12 per cent, wholesalers 10 per cent and retailers 8 per cent At the close of 1938 these same concerns showed a contraction of inventories from a year earlier as follows: Manufacturers 8 per cent, wholesalers 8 per cent and retailers 5 per cent. These sales trends are probably more optimistic than would be indicated by Tax Funds in Iowa DES MOINES, (/P)--The Iowa louse moved swiftly Wednesday "n adding its approval to a senate measure devised to curb cigaret bootlegging while at the same time adding an estimated $300,000 yearly tax revenue to the state jeneral fund. Voting 92 to 5, the lower chamber passed the measure by which manufacturers and distributors of cigarets will affix the one-mill per cigaret tax stamps before the commodity is sent into the state for retail sale. Under the present act retail distributors place the stamps on each pack. Will Increase Revenue Proponents said the plan will increase Iowa's revenue from this source from $1,800,000 yearly to an estimated $2,600,000, by curbing the bootlegging of cigarets from non-tax points outside of the state. An assortment of amendments applied to the senate proposal during the two days it was considered require senate concurrence which supporters said would be quickly forthcoming. The cigaret bill and a companion measure, extending present vending permits until July 4 when the new law becomes effective, passed the house without debate. Prohibit Vending Machines One major change made in the present law prohibits conlinued use of cigaret vending machines. Representative Oscar Johnson (D) of Kanawha, house sponsor of the act, said it was aimed at "those persons who bring untaxed cigarets into Iowa by Ihe case lot." Amendments added by the house Wednesday prohibit retail sales from cars or trucks, legalize gift packages, provide for revocation of permits of distributor or wholesaler who sells at retail without a retail permit, to require invoices on cigarets handled by Iowa distributors lor sale out o£ Iowa, to permit the state treasurer to refuse licenses to persons known to be undreliable, to provide for hearing before the tre surer in county where sale violation occurred on move for license revocation. Leaves Some Leeway As passed the act left some leeway for the person coming into Iowa with untaxed fags. One clause permits the legal possession of 40 such cigarets. However, another clause permits the fining o£ a person using cigarets which should be taxed. At the rate of tax o£ 1 mill per cigaret, packages of 20 are taxed at the rate ot 2 cents. The house also passed another senate bill prohibiting the payment of tuition to a high school outside of Iowa for pupils whose actual residence is nearer an Iowa school. After tangling over insertion of a publication clnuse lo be "paid for" by the bill's sponsors, Ihe house passed a senate measure liberalizing the investment program of building and loan as- socialions. Representalive Dewey Goode (R) Bloomfield declared he ob- jecled "lo individuals coming in here and getting laws of a general nature passed by paying for the publication--it's a bad practice." The publication clause was amended to allow the state pay the costs as customary and the measure then sailed through, 95 to 4. A house measure to assure that policemen in larger cities will always be paid, whether the city's general fund runs dry or not, was stymied a second time Wednesday by opponents o£ increased taxes. MAP PLANS FOR LIONS CONCLAVE State Convention of Service Club to Be Held Here May 24-25 Members of the Lions club will meet at a 6:30 dinner at the Hotel VS. Hanford on -March 22, with the three district governors of Iowa, and map out plans for the state i ' -| convention of Lions, to be held here on May 24-25. One of the district governors is Ken Goodrich of Boone, formerly a member of the Globe-Gazette news staff. For the regular programs Lions members saw technicolor pictures of flowers in this vicinity, and of the recent p crow hunt held by tha North Iowa Rod and Gun club. Leon Thomas, who screened thi* films and took them himself, nar- ME rated during the process, explain-.,-' *· ing the various scenes. 'j\ Harry Sondergaard was trans-m ferred from the Lions club at' Clear Lake to the local organization. Conduct Last Rites for Mrs. Charles McClure, Iowa Falls IOWA FALLS^--The funeral rites for Mrs. Charles McClure were held Tuesday afternoon, Mrs. Sours, pastor of the Christian church, officiating. Mrs. McClure died at the hospital here, March 4, after a long illness. She is survived by her husband, her mother, Mrs. Arvilla Mann of Clarion, and by five sisters and two brothers. She was a member of the Women's Relict Corps and the Church of Christ. Dows Eastern Star in Special Meeting; Work Exemplified DOWS--Dows Chapter, Order of the Eastern Star, held a special meeting Monday evening. Mrs. Lucille Denny of Ogden, district instructor, was present and held a school of instruction in the afternoon and the work was exemplified in the evening. There xvas an officers dinner at 5:30 and refreshments were served at the close o£ the meeting. The decorations were in keeping with , St. Patrick's day. i v' ; *l m Mrs. Betha Bresee, [\ 56, Dies at Iowa i Falls; Plan Rites { \ IOWA FALLS -- Mrs. Betha \ ' Bresee, 56, died at the home o£ 1 · , W. E. Cavana in this city Monday i .': · after a long illness. For the past ( V. ; eight years she has acted as house- j * * keeper for Mr. Cavana. \ T; The funeral will be held Thurs- *,V day and interment will be at Webster City where her husband who f K A N S A S CITV GRAIN" ( W e d n e s d a y Market) KANSAS CITY, in--Wheat. 49 cars: !* to ?4 cent lower: No. 2 dark hard 72'-a it75'.aC: NO. 3 nom. fi4^i1/79Uc; No. 2 hard 63c: N'o. 3. 6fi«r6j!?c; No. 2 fed nom. 66^4'^ 63%c; No .3 nom. 60^4?* 67 Vic. Corn. 7 cars; unchanpcd to TaC lower; No. 2 white nom. 45?«" 47Uc; No. 3, nom. 44 3 .4M(3' Jc; No. 2 yellow nom. 45}4*r 47 t /4c: No. 3 nom. 44?*1t46 T ,2c: No. 2 mixed nom. 45 : ?4'S47\;c; No. 3 nom. 4«4t46'.ic. Oats. 10 cars: unchanged to ';*c lower: No. 2 white nom. 29'/^ 30'/4C; No. 3, 29',4 c. Mllo maize nom. 74*)8Qc. K a f i r nom. 73Sr79c. Rye n o m . 4 4 ^ 3 ^ 4j'/ac. Barley nom. 34£;41c. Puts Estimate on Unknown Oil Resources for United States STATE COLLEGE, Pa.. W)-Dr. Sylvian Pirson said Wednesday that continuing new discoveries and technical advances in recovering petroleum made it "quite possible" to estimate the nation's unknown oil reserves at perhaps "a hundred billion barrels." In charge of petroleum and natural gas engineering at Pennsylvania State college, Dr. Pirson said known and proved crude oil reserves amount to 14 billion barrels, sufficient to supply present annual demands of 1,200,000,000 barrels for 10 or II years. Recalling that two decades ago reserves in the United Sta'tes were placed at between 6.7 and 9.1 billion barrels, Dr. Pirson said production in recent years has been from new discoveries rather than from reserves and added: "At present the industry has doubled its working stocks and there is no sign yet of diminishing rate of oil discoveries, and little has been said of improved recovery techhic." Wrestler Also Art Expert PHILADELPHIA, (U.R)--Dr. J. Lloyd Bohn, wrestling coach at Temple University, won't be lost for occupation when the grappling season ends. Aside from his mat activities. Coach Bohn, a doctor of philosophy, has constant calls for his services in x-raying art works to uncover forgeries. RITJGEWAY AVINS RIDGEWAY -- Ridgeway defeated Decorah. 36 to 35, in an independent baskclball game here Tuesday night. " FIGHT RESULTS By The Associated Press NEW YORK--Tony Canxoncri. 140 1 3 JSTcw York, former lightweight champion outpointed Eddie Brink, I33 t ,'a, Scranton. Pa. 181. complete picture o£ business, Dtin and Brndstrcct pointed out, inasmuch as analyst, 1 ; Generally f i n d that questionnaires always Arc answered more wiUing- ]y by the man who hns relatively good _ thinps to report For this reason probable packed trends were estimated and presented as well as the actual result-: of the survey. Sales Decrease IS Per Cent This estimate placed 1938 sates of manufacturers as S31.604.000.000 or 15 per cent below 1937; wholesalers at $20,144.000.000, B decline of 13 per cent; and retailers at 535.553.000,000. a decrease of 11 per cent. There was no adjustment made of inventory figures. The low point in inventories probably was reached during the fall of 1933. Dun and Bradstreet concluded on the basis of available monthly data. The agency noted 1hat the increase in holdings near the close of the year undoubtedly colored the year-end comparisons and accounted, at least in part. lor the disclosure oC a smaller percentage decrease in stocks t h a n in sales. The survey showed that the estimated 1938 sales volume was lower than 19-16. ell as 1937. in each of three broad fields, hut that inventories were back at 1936 clo=inc levels only in the wholesaling rtivifion. Manufacturers* Inventories at the 1933 year end, estimated at SIO.939.000.fiOO. were If) per cent above the 1935 level and 2fi per cent above the 1933 year-end, The increase for this ^rovip over the three years was considerably greater than that shown by either wholesalers or in- d e p e n d e n t re la tiers. Inventories of the latter expanded J6 per cent between the close of 19M and 1938. while -.vholcsalcrs stocks at the close of 1938 were 14 per cent above 1935 and at about the same level as 192$. Chanced Trier LertI* Chanelnp price levels partly account for changes in dollar value of both sales and inventories. Dun and Bradstreet pointed out In the manufacturing divisions the average selling price for 1938 was about 8.9 per cent lower than in 1937. according to the wholesale price index of the bureau ol labor statistics so tha* the decline in the physical volume of poods sold by producers was less than the 15 per cent estimated drop in dollar sales. All of the 16 retail trades analyzed reported some loss in 1937 sales. Decreases ranged from 2 per cent for independent dru£ and variety stores lo as much as 27 per cent for motor vehicle dealers. The department store group was the only one of the Ifi to show a larger drop in stocks than in sales. Department stores and automobile rlca!er; \vi1h declines of 17 and 14 per cent respectively, hart the largest dc- crrnscs in inventories, contrasting with Rains of 2. 4 and 2 per cent reaislcred by varicty stores, fill ins stations and drug stores. Actress Can't Deduct Tonsil Operation in Income Tax Report W A S H I N G T O N , )_ The board of lax appeals ruled Wednesday thai a tonsil operation was Madge Evans' personal affair. Consequenlly il denied the claim of the movie actress that the $459 cost of the tonsileclomy could be deducted on her income tax return as a business expense because the lonsils had caused colds and interfered with her voice. Miss Evans had appealed from a ruling she owed 82,337 income tax for 1934, contending she should have been allowed business expense deductions tolaling 517,140 inslead of S10.699. A mink coat purchased by Miss Evans "lo keep her warm" on a trip to New York and subsequently used in photographs, was classed primarily a personal expenditure. died eight years ago, is buried. The services will be in charge of the Misses Allmon and Coale, pastors of the Church of the Nazarene, assisted by the Rev. W. E. Dorrance, pastor of Ihe Church of the Open Bible. On the same day ot Mrs. Bresee's dealh, Mr. Cavana received word of the death of Ihe wife of his son, Milton Cavana, in Bellevue, Ky. 1 ' '' Italy to Commemorate Sicily's Famous Men ROME. OJ.P.)--This year will be J dedicated to commemorating illus- .' trious men of Sicily. The year 1938 I was set aside to tributing the great \ men of Liguria. Two years ago I Pied monies e were honored. ' This is a custom which Musso- \ lini himself ordered for the first time in 1937. Ils object is to help along the process of spiritual and political unification of all sections of Italy. Iowa Woman Suffers Broken Back; Goes on Walking for Week OTTUMWA, (/P)--Unusual Is the case of Mrs. Lucinda Barnett, 70, Ottumwa, who more than a week ago suffered a badly broken back in a fall, who has continued walking normally until she entered a local hospital, Tuesday. Doctors explained the injury was to the bone tissue and did not reach the spinal cord. f 5} Civilian Flyers lo Get Aid TOLEDO, Ohio, U.R--The Civilian Air Reserve, into which Toledo amateur pilots, owners o£ aircraft and students of aviation have pooled Iheir resources for study and development of flying, has been assured of aid from the Federal government, under . the new civil aeronautics authority training plan. SCARVILLE 'WINS R A K E -- The Scarville girls' basketball team defeated Rake 21 to 20 in a game played here Monday night. The junior h i g h , school boys played a preliminary! game with Scarville, winning 19 to 10. WANTED Preferred and Common Stocks of RATH PACKING COMPANY WATERLOO A. M.Schanke Company Telephone 1300 Mason City, Iowa

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