The Mason City Globe-Gazette from Mason City, Iowa on March 24, 1937 · Page 16
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March 24, 1937

The Mason City Globe-Gazette from Mason City, Iowa · Page 16

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Mason City, Iowa
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Wednesday, March 24, 1937
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SIXTEEN MASON CITY GLOBE-GAZETTE, MARCH.24 · 1937 CATTLE RECOVER RECENT LOSSES DIME ADVANCE MADE BY HOGS Top Rises to $10.50 With Receipts 5,000 Below Early Estimates. CHICAGO, (/P) -- Cattle prices recovered more than recent losses Wednesday as sellers .demanded $16 per hundredweight for the prime heavy steers, or within 25 cents of the May, 1935, peak, which was the crest of the Chicago cattle market in the last 7 years. Curtailment of receipts and hopes that the close of Lent would bring some improvement in demand for meat caused shippers and order buyers to compete actively for the best steers. The general trade was 25 cents higher, with quotations in instances showing even more advance as far as good and choice weighty bullocks were concerned. The early top was $15.50, matching the recent..seven-year peaks for March. Numerous loads sold for $13.25 to $15. Hogs also advanced 10 cents as receipts fell 5,000" head below early estimates. Top rose to $10.50, eualing the two-months peak established Monday. . Lambs showed little change, with $12 being quoted for best lambs. This compared with $13.25, the peak last week. There was little change .in the wholesale meat market. Choice .pork loins lost Vi. cent a pound but most other cuts were.steady: Representative Sales -MASON CITY--For Wednesday HOGS Goodnight lights ... '140-ISO' '$ T.'«- 7.75 Good light lights .. .15D-1GO"$'1,'95- B.2o Good lights ..'. 1GO-170 Good lights · 170-100 Good light butchers 180-200 Good Jifiht butchers 200-220 Good me. wt. butch. 220-250 Good me. wt. butch. 250-270 Good me. wt. butch. 270-290 Good heavy bulchers 2DO-32J5 Good heavy butchers 325-350 Gaol heavy butchers 350-400 Good packing sows Good heavy sows "S'B.GS- 0.05 S 9.10- 3.40 $ 9.40- 0.10 S 9.CO-.0.90 S 0.60- 9.90 . S.0.60- 9.90 5 9.00- D.90 S S.50-. D.80 S 9.40- 0.70 . ... S 9.25- 9.55 275-350 S 9.15- 9.45 350-425 "S 8.05- 9.25 bOULARS PER WEEK 30 29 AVERAGE WEEKLY EARNINGS OF INDUSTRIAL PLANT WAGE EARNERS SOURCC- xatlONAL IKOU51RIAI CCKFCREIKC 80ARO. CURRENT OAT CCftCR CvtR ZOOO UAMUFUClURlttG PX.Ahr5. REPRE5ENTINO 25 INDUSTRIES WHICH IN I93S EMPLOYED I,»Z£00 ^WACE EARNERS. ESTIUAUD TO REPRESENT ABOUT fcRCEKT OF AU. THE FACTORf WACE EARNERS IH THE UNITED STATES. DOLLARS PER WEEK 3C 26 '27 '28 "29 '30 '31 "32. '33 MAR. £4. 1937 1934 1935 1936 1937 Hog Markets MIDWEST H O G S og prices at midwest markets Wednesday: . - - WATEIU*OO--Hogs lOc higher. Good to choice 140-150 Ibs. S7.75CtB.05: 150-1CO Its. $8.25(10.55; 100-170 Ibs. SS.85G9.15; 170-180 Ibs. S9.40S9.70; 130-200 Ibs. S9.70 «l'10; 20D-290 Ibs. S0.80li7.10.10; 290-325 Ibs. S0.70©10; 325-350 Ibs. $9.60ffl9.90; packing sows 215-350 Ibs. 5S.30S9.60; 350-425 Ibs. SJ,15@9.45; 425-550 Ibs. S96iD.30. CEDAR RAPIDS--Good hogs 140-150 Ibs. S7.034jn.15; 150-160 Ibs. S8.05®O.C5; 1GO-170 Ibs. $8.85Qi9.15; 170-180 Ibs. S3.40 B9.70;. 180-200 Ibs. SS.70©10; 200-325 Ibs. ?9.S[)fllO 10; 325-350 Ibs. S9.65SJ,9.to; good packers 275-350 Ibs. S9.25®9.55; 350-425 Ibs. $9.10130.30; 425-5UO Ibs, !8.95jJ9.25; 500-550 Ibs. Sfl.80^,9.10. OTTUMWA--HORS IDC higher. 140-150 Ibs. 7.80118.10: 150-100 Ibs. S0.30SJ8.60; 160170 IbF. S8.80(iI9.10: 170-1BO Ibs. S9.40SS 9.70; 180-200 IbS. S9.GOB0.9D; -200-290 Ibs. 59.80010.10; 290-325 Ibs. $3.10®10; 325-350 His. S9.G05I9.90; 350-400 Ibs. S9.50«I9.80; packers 275-330 Ibs.i S9.25@9.35; 350-423 Its. 59.15(19.45; 425-550 Ibs. S9S9.30. AUSTIN--HOBS. 15c higher; Rood lo choice 180 to 200 Ibs. S9.70K10; 200 to 230 ibs. S9.85W 10.15; 290 to 323 Ibs. S3.75S 10.05; 325 to 350 Ibs. S9.C569.95; packing SOWS 275 lo S50 Ibs. Good bis heavy sows 425-500 S 8.75- 9.0; Good bic heavy sows 500-550 S B.55--8.aj (The above is a 10:30 truck hoc market foe cood and choice hogs. The difference in price Is for short and long haul hogs.) CATTLE Choice to prime steers .. Good to choice steers .. Fair to E°ocl steers Low grade s t e e r s - . . . . . . Choice lo prime yearlings Good to choice yearlings Fair to good yearlings . Common to fair yearlings Good to choice heifers .. Fair to EOOO heifers ..,.: Common to - lair- heifers .: Choice to .prime cows Good to choice cows .... Fair to cood cows Fair to good cutlers Common to fair cutters . Fair to Eood canncrs ... Common to fair cannera . Good to , choice bulls bulls S10.00-ll.50 5 C.00-10.00 $0.00- 8.00 S 4.00- 6.00 S 9 00-10.00 S 7.00- 9.00 S 5.00- 1.00 S 4.00- 5.00 5 7.00- 9.0!) S'3.00- I.'JO s 3.00- s;oo S 5.00- 6.00 S 4.60- 5.00 S 3.50- 4.2.1 3 .1.50- 4.00 S 3.00. 3.50 S 2.75- 3.00 S 2.50- 2.15 S 4.SO- 5.50 S 4.0! 5 6.00- 7.00 COMBINED HOG RECEIPTS. DBS MOINES. OT--Combined hoR receipts at 22 concentration yards and 9 packing plants located in interior Iowa nd southern. Minnesota for the 24 hour eriod ended at 8 a. m. Wednesday u-crc 2.400 compared with J5.800 a week aco nd 16,700 a year ago. Prices mostiy IOC igher. spots ttp I5c. general trade un- crtone slronc; loading indicated very gilt. Light lights 140 to 1GO Ibs. S8.23«i"9,23; cht weights 160 to 180 Ibs. $9.15«iO; 0 lo 200 Ibs. S9.85C10.15; medium eights 200 to 220 Ibs. S9.05S10.30; 220 250 Ibs. S9.9afl|l0.30; heavy weights to '290 Ibs. 59.95ffi 10.30; 290 to 3oO s. 59.80^10.20: packing sows 275 to 350 s. 59.45S/.D.75 350 to 425 Ibs. S9.30fl9,60; 5 to 550 Ibs.-S9.15JJ 9.45. Selves cd. to choice 130-190 -, ----Calves' mcd. to E°od 130-100 5 3.50- 6.00 " ' - 0 3.50 d'wn Calves', inter. , to"' fid. 130-100 . · ' L.AMQS · ' ' Lambs, cd. to choice 10-50 Lambs, med. to BOO* 10-00 Lambs, tr. to medium 70-30 Lambs, common -. · · Yearlings, sd- lo ch. 10-00 Yearlings,- medium to Rood Ycarllncs. fair . to medium Yearlings.' culls ... . ···· Native ewes, good to choice Culls, ewes - . 5 3.50 d'wn . . S 8/15- fl/15 S 5.75- 8.75 S 5.75 d'wn S 5.00- G.OO S '4.00-' 5.00 S 3.00- 4.00 S 2.00- 2.50 S 2.CO- 4.00 S 1.00- i.50 S l.OQ- 2.QD - $ h.OO- 6.01 5 a .00- 5. Wethers. 2 year olds Wethers, old · · Buck lambs St lower. No dock on 'lambs. Quotations rubicct to market fluctua tlons. - . _ CHICAGO LIVESTOCK (Wednesday Markctl CHICAGO, W--U. S. department o nC Il'UiS 12,000;- Including 5.000 direct markcV now active: round lOc hishe than Tuesday's average; bulk good ant choice 200 to 320 Ib. averaccs ?lo.20f- 10 45- lop SI0.50 paid for 220 to 245 ID wilghts.ROod and choice 160, to "5 mostly £9.15H. 10.40 few piss . S94T9.nO stronc weights to 59.15; most piickln: sows $0.5009.75: liBhtwelshls $3.85 an. CATTLE 1,000; calves 1.500; shipper and order buyers In market: oncralln freely at SI2 upward on steers wit woicht; trade 25c liiglier: instances mor . on strictly good and choice weighty bill locks: early top mcdlumwclBht steer 515 50; hut prime heavies confitlenll held at S16; numerous loads 513.25(0.15 hlchly finished .ycnrllnRS. scarce; belle Action ' on all . representative weight steers and yearlings grading common to good, instances 25c higher, followm Tuesday's weak close; -fed heifers steadi cows scarce and slow, steady bulls firm vealers unchanged; mostly SBfiO wil select at S9fi9.50. SHEEP 15,000; including 300 direct; fa lamb supply over 15 per cent from Colo rado; opening trade slow; Indicatioi about steady with Tuesday; or aroun SOUTH ST. PAUL LIVESTOCK (Wednesday Market) . . SOUTH -ST. PAUL, · (,!·)--U.. S. depart merit of agriculture-- ' "CATTLE 2,300; slaughter steers scare stronK; most early sales saftlO; Rood fc heavys held up to S12; she stock stead to strong: mcdilim t o . good heifers S7{ 025- "pood beef cows S6.50'l?7.25;' "cholc cows held around 5(1; low "cutlers an cutters mostly S3.1aST4.15 or 'more; -bul fully steady, most sales -S.VIBSfG: ' lilt early trade on'"slockcrs.~ Calves 1.701 fully steady, good ot choice S7.508.5I selections 59 or more. ( !!0(1S 3,500: packer-demand consider ably improved: market 10fi'15c-or mor higher; good and choice 100 to 300 in SIOicl0.20; with 510.25 hid: ISO In 100 th $0.65relO: asking SO.50ftO.50 or more fr 120 to 150 Ibs.; sows scarce, average co Tuesday S0.3B; weight 215'lhs. SHEEP SOO; very-111110 done on sola Mipply here; imdcrtonc lower on a classes; packers "talking $11.50 down o fat l.imbs; bulk Tuesday $12; one loa OMAHA LIVESTOCK. (Wednesday Market) ; OMAHA, W)--U. S. department of r. riculturc-- HOGS 2.DQO; '5-15c h l R b j f r ; - · 1BO · Hi SlO.IOG10.30; ICO to IflO Ibs.- $3.70fT10.l 140 to 160 Ibs. $9.25@G,10; pies S8.75.fr sows S0.60 and $9.G5. ·'CATTLE 2,500; calvc.t 200; steady; I Me higher; steers to $14.50: heifers $5.1 to $10.50; cows 56.501(7.50; bulls $5.^0 ffrSO; vealors to $10. / S I I E R P 4,700: 25c lower; lambs $11.25 11.15; bulk held lo $11.75 and above. . . - - SIOUX CITY. LIVESTOCK. MVecliiftsclay Market) SrOUX CITY, W-- y. S. department agriculture-CATTLE i;Mfl; calves 100; beef stee find y car-Imps morlor.itely .ictive; larpc firm; fed heiforr f i r m ; cows slow, wca! Sfockcru a n d _ feeders U l t P e changed; sea Icrcd sales good; long yearlings and m um weight beeves. 511.50^12; prime'nb- nt and quoted above 314; numerous, IDS medium grade short feds $10 down; ad good to choice 875 Ib. heifers S10; cef cows $5?jr7; cutler, grades mainly .75'JT4.75; few good light stocko'rs nnd cders up to 53; common and medium Is 5(3.75 down; current stocker and feed attle quotations: Steers 550 to BOO Ibs. ood and choice 5S.jjQ£i9.25; common and ncdhim $SfiG.75; 800 'to 1.050 Ibs. good nd choice $T(?i9.5Q; common and medium 1,50(ji'7; heifers pood and choice §6f£7,2r; ommon and medium S4.75rfi,6; cows' E6od 5.25; common and medium S3.755? .15; calves Istccrf good and choice SG.50 (0; medium £5,75^6.50. 11OGS 1.500; slow; mostly lOc higher; ;ood and choice 200 to 323 Ib. bulchnrs ilO.!Orj 10.20; early packer lop $10.20; rader top 510.30; ]fiO to 1DD Ibs. S9.GO*i? 0.10; mediums S9.25'il9.75; light · lights ind pips scarce; sows S9.60iJtO.G5; stags up p 59.75.. SHEEP fiOO; receipts include a load fed western ewes and only -odd lots "ambs; no early action; firm for sfauh- :er classes; fed owes held around $7.50. KANSAS CITY LIVESTOC ( W e d n e s d a y I\Iar.kcl) KANSAS CITY, ;PJ-- O. S. dcpartmcn of agriculture-- 1IOC3S 1,000; no directs; slow, steady I : higher than Tuesday's average; lo §10.30; Rood to choice tBO lo 310 Ibs. $10$ 10.30; tc\v 150 to 170 Ibs. 53.40^9.00; sow $3.35rfJ3.75; stock pigs scarce. CATTLE 2,500; calves 500; fed slecr and yearlings -opening mostly steady other killing classes comparatively scarce little changed; stocker and feeder classc in stow demand; weak to 25c lower; lib cral carryover in rlealcrs pens; mo5t early sales medium to good fed steers S9.25tfll.75; f i v e loads good 1.18G Ib. Texas steers bought In arrive $12.50; few warmed up light weights down lo 58 and botow; small lots mixed yearlings u p to S10.25; bulcher cows $5.50^6.73; odd beef cows u p " to $7.50; good to choice vcalers mostly SSigD.50. SHEEP 5,500;' ]ambs mostly 25c lower; odd lot.s sheep weak; top fed lambs SI 1.50; numerous shipments SI 1.23; odd bunches nalivc spring lambs WHEAT MARKET CLOSES HIGH .mmense Export Buying Is- Dominating Factor m Trade. .CHICAGO, (/P)--Bulging quota- .ions on wheat formed the rule Wednesday although checked at times by favorable weather in domestic winter crop territory. Immense export buying of wheat was a dominating market factor. Something of an offset to favorable weather Wednesday were reports of heavy abandonment of winter wheat acreage · in Ohio, Indiana and Illinois, as much as 75 per cent for some sections. ·At the close, Chicago-wheat futures were Ys to i cent above Tuesday's finish, May §!AQ-'/8- 3 /4, July $1.25%-1.26, corn '/a off to % up, May Sl.11%-1.12, July 51.07%- Vz, oats unchanged to J /4 lower, and provisions varying from 25 cents setback to 12 cents advance. CHICAGO CASH GRAIN', ( W e d n e s d a y M a r k e t ) CHICAGO. fl1--Cash wheat: No. 1 lard $1.W. Corn: No. 4 mixed S!.14!'4Jt3.17; Wo. 3 cllow Sl.I6Vi!SI.n'£; No. 4 yellow 51.IS 11.16'A; No. 5 yellow SI.115." 1.13V4; No. 3 ·hitc 51.2P/4: No. 4 white SI. 17V*. Oats: No. 1 while 53'Ac; No. 2 while 51 53/ 4 c; sample grade 52V^c. Rye: Sample grade SI.ll 1 /*. Barley feed 71@SSc nominal. Maltlne $li3i.35i i nomlnal. ' · · - · · - . · Timothy seed S4.75iri5.50 cwt. Clover 'seed S30f£36 ewt. Larct tierces 512.30; loose $11.60; belies §IG.50. Mason City Grain MASON CITY--For Wednesday o. 3 yellow.shelled corn . ..§1.05 o. 4 yellow shelled corn . . .$1.03 Sar corn 94c White oats, No. 3 43c Barley G0-80c Soybeans, No. 2 yellow ....$1.30 W E I I N E S D A Y G R A I N CLOSE. CHICAGO. OT-WHEAT-- May July Sect CORN-May new .... May old July new July old Sept OATS-May July Sept. SOYBEANS-May July TlYE-- May July Sept BARLEY-May LARD-Mar May J u l y Sept BKLL1ES-- May rtily T.tVKSTOCK FORECAST. CHICAGO. H'i--Official cstimaled receipts for Thursday: Cattle 5,000; hoes 12.000; sheep S.OOO. Representative Sales (Wednesday Markcl) CHICAGO, MV-U. S. deparlmcnt aBriculliirc-- Rcprcscnlativc sales: HOGS. Hcav-j-- ILigl 53 . 2SB « =54 Mediums-"6 24R 81 21 72 Mfi SI ' · -208 Slccrs-- 10.nO]!14 10.3517B 10.45|03 10.4S187 JO.SOI66 in.5n; 10.4S1 CATTI.K. IHcitcrs-- 137 IBS 172 1C6 Llglits-- 157 14.1 20 1177 15.50]!8 712 1!! 1200 15.00120 R74 2-1 10.10 H.50|2I H22 22 1012 13.151 IB (103 20 I1W 12.75ICOWS-- 21 502 31.751.1 1.12(1 20 002 0.25| 4 1215 H 1140 1 S 975 , 15 835 SHEEP. Colorado Lambs-- !Fcd Wcstcrns- 385 408 268 417 Ewes-16 21 11 17 00 · 0 0 96 05 124 135 166 102 12.10|217 12.00! 4GO 12.001217 11.Co| 227 |!1S 7.001100 6.50! 6.00] n.ooj 91 02 10.35 10 ii 10.10 10.00 ff.75 10,00 0.2S B.25 7.50 fl.50 7.25 fi.OO 5.25 4.25 12.10 12.00 11.B3 11.75 11 SO 11.00 PEACE FOR WHOM? Cuba is to back Mr. Roosevelt for the 1937 Noble peaca award. Tliat scraping sound would be the liftinfi f t eyebro\vs along our supreme bench.--Richmond Timcs- Dispalch. Hich 1.4111 1.21'A 1.24W 1.1214 1.10'A 1.07% l.OS^k 1 1.03'A .4714 'MV, l . l l l l.flS ' 12.70 12.0.1 13.12 · Close 1.4M1 1.10 1.07'/ 1.05 l.OO'.i I.5C',4 12.55 I2.H2 13.05 Stock List NEW YORK STOCKS. (Wednesday Final Quolallo SI 2!) 154'.'. Al Ch Dye 24' Am. Can 103 Am Sm Ref a^'/i A T T 170?k Am Tob B SI 3 /* Am Wat Wks 23 Anaconda bVJ'.i A T S F Auburn A u t o Aviation Corp Bait £: Ohio Bcndix Aviat Beth' Stl :orden 3ory Warner Can D G Ale Canad Pac Case Chi N W S'/j Chi Gt West 3'A C M St P S: P 2;i C B. I P 3»i Chrysler 12(j'A Colum G El in ^omw Sou :j'.« Con Edison 40'A Con Oil 16','a Con Can 01 Va Cont Oil Del -12 Corn Prod (T? Curliss Wright ''/· )eere Co 11M^ D'ro Co pf 293i DuPont de N KM Gen Else 51 ^ii Icn Foods 42TB ien Mot GS^ii^s lillelte 17v« iood'r T i^ R 43Vi ludson Mot 22 llinols Cent 34H nt Harvesl 10^ : A nt Nick- Can GII!i nl Tel : Tel la ohns Manv IWS* Lib O F Gl liy : .'-i s) Maytag McK Rob IS Mid Cont Pet :i2 LJ 1 ^^ontg Ward (i2V, Morrell Co -,2 Nash Mot 21V Nat Biscuit IIQ 1 /) Nat Cash R r,',; Nat Dairy Pr 24H Nat Distill MM Nat PoW Lt U K N Y Central 51V Northern Pac 321: Oliver Farm 59 1 ! Packard Mot 10}: Param Pict Penney Penn R R Phillips Pet Hadio Key Tob B Scars Roeb Shell Union Soc Vacuum Sou Pac Std Brands Sid Oil Cal Std Oil Ind Std Oil N J Stewart Warn Studehakcr Swift Co Texas Corp Tex Gulf Sul :s! 1 ,. Timfc Roll B fi8 Un Carbide 104!b Un Pac 144 Unit Air Corp .lOVn United Corp 0A Unit Drug 14?1 U S Ind Alco 40*ii U S Rubber 67=ii, U S Steel 116?!, Warner Piet 14}a West Un Tel 72ti West Et M 142 Woolworlh Wriglcy Jr 103 Vi 47 51'A HO 31'A IBM 61 40 '' 10 ' in"'/" , 70 CHICAGO STOCKS. (Wednesday Final Quotations) Cities Service 4V.J Natl Leather I eilmann Brew H 3 41 Northwest Bane Vl Kati Drug 14 IQjaker Oats 1111 Co 26»i Kclloffp Switch ibby McNeil Midwest Corp 13Tl|SwHt Intl 31! Hides Uuntatlnn* F u r n i M i e i l . by. tVcll Hros. tnr. 3UH Fifth Street S i i n t h w e s t :Ior£chidcs 54 2a · l i f t E C N UEEF H I D E S Up to 23 Ibs llli 2o Ibs: up n Bull hides - 7'/i "Curpn hide? h a l f cent more a pounr (On above prices a cent" and a ha higher to wholesale dealers In wholcsal lots. STOCKS RALLY IN FINAL HOUR Briskly on Reports of Settlement Near in Chrysler Strike, NEW YORK (IP}--Stocks rallied icar the final hour in Wednes- ay's market following uncori- irmed reports a compromise greement was near at the Chrys- er-Lewis labor conference. Chrysler, down most of the ses- ion, pushed up nearly 2 points ind General Motors advanced 1. Steels, which had lost the greater art of their early upturn, joined he automotive group in the re- 'ival. Extreme gains were cut ubstantially after the 20 minute urst when it was learned the trike meeting had been adjourned until 2 p. m. (CST). Prior to the belated buying vave, which put the ticker tape I minutes behind, dealings were exceptionally slow. Only 560,000 shares changed hands in the first hree hours. Transfers for the day were estimated at around 1,350,000 shares. Outstanding on the runup of Tactions to 2 or more were U. S. Steel, Bethlehem, Republic Steel, Crucible, Hudson Motors, Sears Roebuck, Montgomery Ward, oodyear, Goodrich, Briggs Mfg., Deere, International Harvester, Consolidated Edison, North American, Anaconda, Kennecott, Texas Corp., American Can, Westinghouse, General Electric, duPont, Allied Chemical, Santa Fe, Southern Pacific, Great Northern, U. S. Leather and Murray Corp. MOUTHPIECE READ Tins FIRST: A cable from America excites (he interest of the stenographer in the dingy law office of Stuckey and Stuckey, Lontloiu Upon his arrival Charles Sluckey learns that Miss Jacqueline Smith, daughter of one of his few respectable clients, now on the continent with her mother, has inherited 51,500,000 from an American uncle. Col. Alec IfUtnuui, who ohviously has some hold over Stuckey, calls and reads the cablegram about the inheritance when Charles leaves the office for a few moments. Lutman proposes that they arrange for Jim Asson, an ex-convict, to marry Jacqueline Smith, havinff .her assign her property--before Stuckey tells her of the inheritance--to her new husband. laitman would take three-fifths of the inheritance, Sluckey and Asson each one-fifth, NOW GO ON WITH THE STORY: Curb Market NEW YORK, W 1 )--Most active shares moved higher in Ihe curb market · Wednesday as metal, mining and utility stocks ' f o u n d support. Despite improved sentiment, a number of issues stood fractions to several points lower late in the morning period, One of the most scintilla tins advances was staged by Bunker Hill Sullivan Mining Concentration .company shares which gained more than 1G points following publication of increased ciirnfngs /or JWff. The stock soils in the hlfih- priccd bracket. New Process jumper! 4 or so and Nile-Bcmcnt-Pond. American Meier. Slicrwin Williams and H. Smith Paper Mills each added 2 or more points. Decline o£ 1 to 2 points were dealt Pennsylvania Sail. Todd Shipyards and Eastern Malleable Iron. / Bond Market NEW YORK, (;iv-Additional recovery momentum was generated in the bond market Wednesday by another sharp stepup in prices ol U. S. governments: Carrying, forward the rallying . movement of Tuesday, which halted a severe decline of several days' duration, the federals by midday were quoted from l-32nd to H-32nds of a point above previous elosings. Many corporate liens showed a like degree of buoyancy. The change of trend in the government Hst was said by traders to reflect a d r y - ing up of the stream of selling which had been pouring into the market d u r i n g the last two weeks. Corporate bonds for which substantially higher bids were entered Included Santa Fe 4s, American Telephone 3'As, Consolidated Edison 3 Vis, Pennsylvania General -I'.-jS, Studcbakcr 6s, Texas corporation 3'/aa and Illinois Central l^is. ForeiRti loans shifted within fractional ranges In slow IradinK-" CHAPTER 5 "WELL,, NOW listen, and let's hear no move nonsense," Colonel Lutman said to Charles as he pointed out the simplicity of the scheme. "We'll send Jimmy out lo wherever these women are living. He'll scrape an acquaintance \vith them and make love to the girl-he's a suave devil--and try to get things fixed amicably. Before the marriage you'll draw up a deed nl --whatever it is--whereby the girl assigns him all her property." "But why should she?" expostulated Charles. " I don't see. . . ." Lutman regarded him pityingly. "And you a rising young lawyer!" he murmured. "Listen, my poor ass: Jimmy is a wealthy young man, desperately in love with the, let us hope, beautiful Miss Smith. His whole idea is to safeguard the interests o£ her and her mother. The mother's very important, Charles. You did say they were hard up, didn't you?" "Yes." "Did you ever hear of a woman -- a hard-up w o m a n -- who wouldn't fall for any scheme any honorable scheme, of course --which involved the payment t her of an annuity of, say, a thousand?" Charles grunted noncommittally. "I see you didn't. Now, once this document is signed. . . ." "But suppose the girl doesn't fall for Jimmy?" The colonel smiled complacently. "I shall be there keeping an avuncular eye on the ronmancc. £DGA/3 WM.UCZ ROBERT CUK Sholud it be necessary, I have no doubt I can lind ways and means of bringing pressure to bear in Jimmy's favor. As I say, once the deed is signed, and the happy pair are married, the money is ours. The mother is satisfied, and, we .will hope, the girl will be satisfied. Until, then, of course, they must know .nothing." · Charles was fingering the cablegram. "But . . ." he began. The older man made an impatient gesture. "You can acknowledge receipt of this cable and tell the New York lawyers that you are instituting immediate inquiries into the whereabouts of your clients, of which you are at the moment ignorapt. The rest you may leave to Jimmy and me." Charles sat for some moments in gloomy silence. His fingers beat i nervous tattoo on the desk in 'ront of him. If only there were some way out lor him! He cursed limself a dozen times a day for he youthful folly which had t h' r o w n him, irrevocably, it seemedy into the power of this soulless and unscrupulous rogue, !rom whose domination he would lave given anything in the world .o escape. But what could he do? "Well, Charles, what do you .hink of my scheme?" Lutman asked. The solicitor roused himself. "It's vile and abominable," he exclaimed bitterly. "But clever, eh, Charles?" "Oh, yes, it's clever." "Does your acute legal mine perceive any--er--snags?" "Only that you may not be able to persuade the girl," said Charles curtly. The colonel's smile oozed complacence. Don't worry abovit that, my boy," he said. "Love will find a way . . . That sounds like the return of Jimmy." Sounds of commotion in the outer office reached their ears, and the next moment the door connecting the two rooms was thrown violently open and a tall, slim Public Utility and industrial Stocks Quoted liy A. M. SCHANKE CO. Telephone 1200, Mason City 1.05 1.021; l.lil'A 1.57 VI I2.4n 12. no I2.B5 13.10 16.5(1 15.70 WOOI, MARKET BOSTON, (ir-,--U. S. department of afiri culture-Moderate business was transacted In domestic woo's Wednesday at steady to firm prices. Territory wools runninp both f i n e and with some '/z-blood good French combing and average staple combing lenpths were sold in original baas at SI.03-1.05 scoured basis. Country packed new fleeces of 3 ,'» and T /i-blood Kradcs loficther were available in limited quantity at around 43 cents in the grease delivered cast, but some houses were asking 44-45 cents for similar wools. MINNEAPOLIS G R A I N . ........ (Wednesday Market! ........ MINNEAPOLIS. fr-- Wheat 21 cars: Kc higher; No. 1 heavy dark northern GO Ins, O^Rfi.l.GOa'n; No. 1 dark northern 55 Ibs. $1.49ttg71.5!Ki: SO Ibs. Zl.Wittl.SS*.*: fancy No. 1 hard Montana 14 per cent protein Sl^C^a^l^O^a: grade of No. 1 dark hard or No. I hard Montana winter St.3!) ; 31ir7?1.41 ;J ,a; hard amber durum No. 1. S1.40/.£i:I.07'A; No, 1 red durum S1.3c"!'. Corn: No. 3 yellow JI.174? l.IQ; l,4-2',ic higher. Oats: No. 3 white 4411®47%c. G O V E R N M E N T BONDS. (Wednesday Quotations) NEW YORK. «·)--U. S. bonds closed: Treasury 4'/s 47-52 ..'... lla.R Treasury 4s 44-54 I l i a Treasury 3'«s 40-43 June 105.23 Treasury 3?'«s 43-47 106.7 Treasury 3y«s 46-45 104.15 Treasury 3s 51-55 10:1.4 BILLS INTRODUCED IN IOWA ASSEMBLY Produce MASON CITY--For Wednesday Cash Quotations by E. G. iMorsc Eggs, current receipts IDc Heavy hens, 5 Ibs. and over .. 1'Jc Under 5 Ibs 8e Stags, 5 Ibs. and over l i e Stags, under 5 Ibs 7c Cocks Cc All No. 2 p".uHry 4 cents less {Merchants Quotations (Bid unit A j k c f l Wednesday) Ccnl St El 6 pet pfd (S2.i par) 10 Cent St El ^ pet pfd IS25 p.irl 11 Cent St P L 7 net ptd IZ'.i Champlin Ret la 7 pet ptd .. 100 Creamery Package com -^ Hearst Cons A 22 3 A Gca A Hormel A pfd 104 Gco A Hormcl earn 22 Interstate Power fi pet pfd .. 1.1 Interstate Power 7 pet pfd .. 15 Towa Electric Co fi'/a pel pfd 48 lown Electrie Co 7 pet pfd .. 4!1 In Et Lt Paw fi pet pfd 63 la El LI Pow fi'/a pet pfd .. R l la El Lt Pew 7 pet ptd OH la Power Light ii pet pfd 100 la Power Jt LiKht 7 pet pfd 101 la Public Scrv (J pet pfd . . . 93 la Public Scrv fi'/i pet (ltd .. SB la Public S-rv 7 pet pfd !)7 la South U t i l C pet pfd G2 la Sonlh Utll B'.'j pet pfd 63 la South Utll 7 pet pfd 71 Minnesota P L 6 jjct pfd .. 81 (Minnesota P L 7 pet pfd .. 93 Northern St Power fi pet pfd 84 Northern St Power 7 pet pfd 30 ·N \V Bell Tel fi'.i pet ptrt . . 103 N W St Portland Cement com 30 Rath Packing com 35 DES MOINES, (/Pi--Bills introduced and passed in the Iowa leg^ islaiui-e; Tasscd by Senate: S. F. 151--By mining committee --Providing for use of Iowa coal in public buildings, (concurred in house amendments). (37 to 0.) S. F. 21--By Dean--Repealing ?3 road poll tax. (Concurred in house amendments.) (41 to 0.) S. F. 201--By judiciary I-- Providing a uniform declamatory judgment law. (34 to 4.) S. F. 1S4--By G i l l e s p i e -- Eggs in trade 20-21C* Eggs, cash 19-20c* Butter, Iowa Slate Brand 42c Butter, Corn Country ...40c Butter, Kenyan's ,.40c Butter, Very Best -12c Butter, Brooklield 4(lc 1 Potatoes, russets, peck V5c Potatces, cobblers, peck 57c "EDITOR'S NOTE--These representative quotations were obtained by calling several grocery stores. Sioux City G S; El 7 pet pfd 100 United Lt Rys G pet pfd United Lt Si Rys 0.30 pel pfd United Lt Rys 7 pet pfd .. Western Grocer pfd Western Graccr com · Called April 15. 23'/4 107 221 IS 17 50 51 (i.i Mi 70 a? on on R) ns TJ 00 ss 85 92 32 .17 102 ai 62 02 102 19 Vi. SEARS PROFIT IH 36 $30,660,198 Annual Report of Company /' / Issued Following · ·*·· Meeeting. : A net profit of $30,660,198 was nade by Sears, Roebuck and com? 5any in the fiscal year, 1936, ac? cording to the firm's annual re- jort received here Wednesday by C. S. Gordon, manager for the company in Mason City, from General R. E. Wood, Sears president. The report was rushed to all o£ the company's retail stores and mail order houses following the conclusion of the meeting of the directorate in Chicago. The summary of what was called "the best year in the company's history" showed earnings of $6.27' per share on the common stock outstanding before the issue of additional shares in January of 1937, as compared with $4.45 per share earned on the outstanding stock in the year previous. Paiil in Dividends. Tt showed that $30,484,713 was paid out in dividends. A sum of Strengthening narcotics laws, to 0.) (38 C H I C A G O POTATOES. - nVcflne.da- Market) CHICAGO. tiTl--U. S. d e p a r t m e n t ot agriculture-- Potatoes n; nrt Ir.nek 2.17 loin! U. S. shipments 713: old stock firm, better fRCl- inff prcvailinp, supplies rather liberal, tie- mane! better. trfidinR RQfid; sacked per cwt- Idaho HiiFECt Burbnnks U. S, No. 1. S2.65((J.1 according to finality and sl£e; some stock from cold storage 32.50; Ore- con Russet Burbanks U. S. No. 1 fnlr ouallty S2.35r'2.50; mostly around 52.35; Washington Russet Burbanks combination Krarte S2.32l.4CT2.55: larso size S2.B5; Colorado Red McClurcs U. S. No. I, S2.00; Maine Green Mountains U. S. No. ·!. few sales S2.35W2.40; Wisconsin Round Whiles U. S. No. 1, cotton sacks $2.3(1; burlap sacks 52.25; U. S. commercial mostly $l.l)(l: North Dakota Early Chios partly Mrs''--* S2.55i?2.GS: new stock firm; slight- Iv r' --scr undertone, supplies moderate. dcln"i(" Rood; e.irlot track sales bushel crates Florida Bliss Triumphs U. S. No. 1. S2.15 a crale. HIrs. McGce President. HAMPTON -- Officers elected Monday at a mectinc of the A. A. U. W. were Mi-s. H. B. McGec, president; Mrs. Leila Bareer. vke president; Miss Mnribcl Kraineh- vil, treasurer, and Mrs. p. A. Rice, secretary. S. F. 144--By Levis--Changing provisions on notice of appeal from h i g h w a y condemnation awards. (41 to 0.) S. F. 136--By military affairs committee--Appropriating 56,265 to defray expense of setting up new national guard units at Newton and Sibley. (40 to 0 ) S. F. I98~By Chrystal--Prohibiting operation of beer fa"- crns within 300 feet of rt state park or institution under the board of control. (41 to 2.) Introduced in House; H. F. 501--By committee on insurance--Providing additional financial requirements to be complied with by mutual insurance companies prior to issuance of certificates of authority. H. F. 502--By committee on Insurance--Providing that no slate mutual assessment associations shall hereafter do business in Iowa excepting those now authorized. C H I C A G O PRODUCE ( W e d n e s d a y Market! CHICAGO. M*j--Poultry, live. I. car. 28 trucks steady to f i r m ; hens over 5 bs. 20'^c, 5 Ills, and less 20'Ac; Leghorn ions IfiVic; colored fryers 27c; Plymouth ·md White Hock 2Sc: colored broilers 2flc; ,Vhlte Hock ZGVsc: Plymouth Rock 27c; harebacKs 23c: roosters 13c; Leghorn roosters 12c; turkeys, hens 21c. youns toms 21c. old ISc. No. 2 turkeys 15c; ducks 4Ks ibs. up white and colored 22V^C, small white nnd colored 19c; pecse 17c; cnpons 7 Ibs. up 28c. less lhan 7 Ihs. 27c. Butter 7.230. f i r m ; creamery specials (03 score! 37«i'37',-ic: extras 1921 36'Ac; extra firsts (00-31) 35mi3(!'Ac; first 188831 34 1 Asi35'Ae: standards (00 centralized carlotsl Zlfic. Eggs 26.112, firm; prices unchanged. NEW VO11K P R O D U C E . (Wednesday market) NEW YORK. fA 1 )--Butter 10,62(5. f i r m e r ; creamery higher than extra .IT'^fr.'lBVjc: extra (92 score) 37«37Vc; firsts (!)8-H scores) :K 3 Arti37c; seconds (B4-87 scores! 33, t fl M'Ac: centralized (DO scorcl 3(i'/ic. Clice.se 190.737. steady and unchanpcd. ERGS r2,,i11. f i r m : mixed color. 1 :, standards 2. r l A'r'2. : i r ,.|c: slorauc packed fii'Ms 24',i^J £ac; firsts 23 11 /4fff2-l l Ac; dirties No, 1, 23?i2:i'Ac: other mixed prices unchanfied. Live poultry, by f r e i g h t , steady lo firm. Fowls, colored 22fi23c: roosters He. Other freight prices unch.-mRcd. PRODUCE FIITUHES. (Wednesday Martcetl, CHICAGO, on--Butter f u t u r e s close: Storage standards March 3lic; November 3Hic; fresh standards. April 32}ic. EBP futures: · Storage packed firsts. March 24%c; April 23c; refrigerator standards. October 26V*c. Potato futures: Idaho Russets, A p j l grade A $2.57; May grade A $2.66. Mrs. Jacobs Hostess. OSAGE--Chapter AW, T. E. 0. met Tuesday evening at the home of Miss Elizabeth Jacobs. Mrs. Clinton Hill read a story. Mrs. G. E. . G e n u n g . r c a d a paper "Romance of the Forests." Stacyville Opera House Is Leased for 5 Years STACYVILLE--The Stacyville opera house has been leased to the ^ass Theater company for a per- od of five years. The remodeling of this building into a permanent movie house leaves Stacyville without a dance hall. Plans arc being fostered to build a spacious community building on the empty ols on Main street where the fir! razed the three stores two years ago. Receives Blood Transfusion. GALT --. Mrs. Merrit Armour, who was taken to Rochester, Minnesota, received a blood transfusion and is slowly gaining. The Armour family lias been quaran- teened for scarlet fever. Miscellaneous NEW VOItK SUOAIi. ( W e d n e s d a y Market) NEW YORK. 1,11--Haw sliRrtr firm, .1 vanccd 5 points for spots. Futures high in both contracts. May No. 3 rallied from 2.SGC to 2.5!)c. and July from 2.!Gc In 2.57c or -1 lo S points net higher. The mar at midday was at or w l l h l n a point .of Hie best. Helmed unchanged nt 4.60C, 1 3 Have Birthdays. RUDD -- Dr. and Mrs. C. H, Cords and children, Mr. and Mrs "Herman Schr'ader, Mrs. Art Fouste of- Rockford, and Woodrow Nichols were entertained a I the home of Mrs. Elsie Ostcrhag'e Sunday honoring Mrs. Herman Schrader, Phyllis WatschUe, and Mary Lou Cords, whose birthday anniversaries occur near together. young man burst in, followed by a perturbed Bells, his right liant outstretched as though he sough to restrain such undignified procedure Irom disturbing the traditional serenity ot the profession to which he belonged. Inside the door, the newcomei turned on the managing clerk. "All right, Bells," he said; "you can beat it/ Bells looked inquiringly at his employer, and, in response to Charles' gesture, turned on his heel and went back into his own office. With a nod to the solicitor, th visitor strode toward Lutman, hi rage-distorted face .working convulsively, ."Now, you double-c r o s s i n g blackguard," he began, his arm upraised as if to strike. "That'll do, Jimmy," the colonel said in his silkiest tones. His right hand rose leisurely from his side; it held a businesslike-looking automatic, which he pointed straight at the other man. "Any--er-- trouble, and I'll shoot you as dead is--let me see--as yesterday, shall we say? Self-defense, you know." The man he addressed made a .remendous effort to gain self-con- ,rol. It was evident that he was laboring under the stress oE some very powerful emotion; but there .3 nothing like a pistol a few feet [rom one's ribs to induce self-control in such circumstances. He fell back a pace or two, his hands falling to his sides, impotent hatred blazing in his eyes. Colonel Lutman was speaking again. "Don't let's have any bad feeling. Jimmy. I only did what thought was best for everyone." "And I got the raw end of the deal!" complained Asson. Lutman's voice was soothing. "Yes, I know," he said. "But this time, my boy, you're going to get the business end." Jimmy scowled at him questionably. "What do you mean, ' t h i s time?' " The colonel beamed. "It's like this," he explained "During your--er--absence, your friends--Charles, here, and I-have not been idle." He procccdcc to lay before the younger man the details of the proposed coup. Jimmy listened attentively for ten minutes. Then: "What's this girl like?" he asked. Stuckey was about to answer but the Colonel stopped him with a gesture. "Lovely, my boy, lovely. It I were a younger man . . ." "I'm not very keen on marriage," grumbled Jimmy. "I've noticed that," replied Lutman with a smile. "Your amorou adventures have never brough §575,000 was provided as a surtax on undistributed profits because taxable Income is greater than the income shown in the report, largely because the depreciation and reserve set up by the company are greater than t h e government allows. Of tremendous interest to the local Sears employes who belong to the firm's "employes savings and profit sharing pension fund" is the statement of a contribution of 31,699,647 by the company out of its 1936 net profits to this fund which is totally owned by the employes. The fund is now the largest single stockholder in Sears. In addition, the company provided 5790,000 for social security taxes. Employes Increased The number of regular em- ployes of Sears has increased from 41,700 in December, 1935 to 48,200 in December of 1930. The payroll for the fiscal year which includes compensation of extra employes increased from $56,735,000 in 1935 to 571,825,000 in 1936, Included in the payroll is a special jubilee year wage .payment of $1,530,000 to regular employes of more than six months' service. The report continues: "Taxes of the company were the heaviest in its history. Exclusive of sales taxes and mortgage loan taxes, the tax bill for 1936 was $12,441,707, an increase o£ $5,020,431 over the previous year. This represents the company's payment to local, state and federal govern-.. ments." Visit In Chic.ifro. HURT -- Mr- and Mrs. L. H. Schenck went to Chicago Sunday to spend a few days with Mr. Schenck's sister, Lois. A. A. Hanna accompanied them and went on to Detroit, Mich., for a new car, which he was to drive to his home at Wolf Point, Mojit. Discuss Farm Tenancy. HAMPTON--The junior Farm Bureau of Franklin county held a forum at the Coonlcy hotel Tuesday evening, discussing farm tenancy. Speakers were Miss Clara Blank, H. D. A., Howard Philpnlt and Godfrey Showalter. Willnrd Latham was the discussion leader. you within the scope of that highly speculative investment. And quit rightly," he hastened to add, "Bu this need be nothing more than : formality. A brief honeymoon, i you like, with a lovely girl"--hi eyes twinkled lechcrously--"am certainly no tie more endurin; than you care to make it." Jimmy Asson sat thoughtful!; for some moments. At last: "A 1 !! right," he said. "But mine any funny business and I'll . . He made a threatening gesture. "Don't worry. Jimmy. Whateve fun there may be you're going t get--and a share of the loot," h added, with n departure from hi customary elegance. Jimmy, his sense of grievanc still rankling, but looking mor subdued than when he had en tercel, found time on the way ou through the clerk's office to lea over Elsie Harringay, scaled be fore her typewriter, and exchang a few confidential words with tha young lady.' (To Be Continued) Is at Coif ax. GENEVA--Mrs.' E. · As -.Page J is pending .a week at-- Colfax; for-,^ reatment. . : MARKET NOTES By TICKER TAPE Bankers' acceptance rales Tuesday ·ere raised for the fourth time this year s I lie treasury department was forced o pay a higher rate for short lerm funds nd the distinguishing chnractcristic oC whole money m a r k e t became more ronounccdly tight. The f i r m i n e in m a n y it es was viewed as a n a t u r a l cvol u t i on f the trend nf bond prices in recent ·ceks, particularly (he weakness in gov- ninicnl issues, ant) predictions continue he heard in banking circles t h a t the hort term money silualion can be exec ted to gradually tighten further. Acceptance rates were raised ,« to -10 o£ I per cent alter it was announced nat the treasury had sold $50,000,000 of 73 day bills at a discount rate of O.in t anainst 0.525 per cent a week arlicr. At the same time the treasury sold R3 lay bills at n discount of 0.4-10 pur cent, igainst a discount of 0.173 per cent on Jills sold a week earlier. These higher ales on treasury. borrowing found immediate reflection in quotations on commercial paper and bankers' acceptances. IJcalers in commercial paper raised heir rates to I per trent from ^ o£ I er cent nnd simultaneously increases in inkers' acceptances ranging from ','« in '-Ifi of J per cent were announced. Calf money and lime money rates were im- ffcctcd, the former h o l d i n TM nt 1 per cent nd (lie l a t t e r nt !',, per cent. D E L A W A R E AN'O H U D S O N KM,S CENTRA!, HOLDINGS Delaware ami Hudson company, largest n d i u i d u a l holder of New York Central .illrond stock according lo latest available thoirph nol recent (ifiitres. has sold block of AVKIO shares of Central for ippraxim.itcTy 53.730.000. according (o an official annoimcement Tuesday. Sale of the shares, the announcement said, did not reflect a change in man- Cement scnlirncnt w i t h regard to t h e merits of its investment in New York Central. Street report connected the move with decision of Delaware and Hudson directors lo pay off the maturing bonrt issue of 15 year gold 5',fe per cent bonas due May I. The reportedly realized sum of $3.75f- 000 is hajf ihc amount needed to pay off the maturing bond issue and represents TO average realized price of just tmacr S-H.12 a share on the shares sold, Delaware and Hudson acquired 435,000 snares of Cenlr.il stock in 1032 at a cost of S 11,0fin.3nO or about ?23.3fi a share. The D, and H. realized an indicated profit of S2l.7fi a share or $1.8-19 60fl on the l i q u i d a t e d portion "of its holdings. It was staled Ihc shares were sold over the last two months. The avcrace sale price of S-U.I2 compares with Tuesday's closinc price of 511* for New York Central on the New Y o r k Mock exchange. The isst.- has ranged Hits year from a low of 40 to a hiRh of ,n5V; w i t h sales around t h e latter ~ ' · 5 ions. level w i t h i n recent "trading Bonds and Stocks SHOULD BE ANALYZED REGULARLY · We Render This Service FREE A. M. SCHANKE and COMPANY 208 Foresters Building Telephone 1300 MASON CITY, IOWA i v^'y^*~ i swr*T-?!^t^w£r^,r.jT?y^T^^ ! '^^

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