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Newspaper
Creston Daily Advertiser
Location
Creston, Iowa, United States of America
Date
Jun 03, 1924
Page
2
New York June 3 traders turned more cheerful as tax reform pledges and reduced uncertainty lifted sentiment. Industrials and utilities topped the list with notable gains in Public Utility and Steel shares, while American Waterworks rose to new yearly highs. Call money opened at 3 percent and trading remained spirited into the session.
Omaha Neb market report shows hog receipts 16 000 with 200 to 325 lb butchers 6 90 to 7 06 top loads of choice weight. Cattle receipts 6 800 with steers 7 50 to 10 00, top 10 75. cows 4 60 to 7 75, bulls 4 35 to 6 75. veal top 8 50. Sheep receipts 5 000 with lambs about steady, Idaho springers slow, clip ewes 6 50 to 6 90, bids 16 95 on good.
Chicago June butter prices show higher creamery exports with various grades and standards listed. Receipts total 36 757 cases with multiple firsts and specials. poultry sector notes weaker demand for new stock and steady off offerings. specific packer quotations include Wisconsin round whites and Idaho Russet and Triumph spuds with assorted sack prices.
Cattle receipts 3,000 with slower to steady demand, calves and feeders lower. Hogs trading around 7.05 to 7.10, with hogs and hog futures showing a drop. Sheep and lambs seen lower with prices around 5.50 to 6.50 for clipped ewes, overall softer tone across species.
In Minneapolis on June 2 flour prices remained unchanged with a narrow range noted between 6 50 and 6 70 for family patents. Market observers record steady demand and no immediate price shifts for the staple grain.
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New York opening shows steady cotton futures with quotes for July at 72, October 26.74, December 25.98, January 25.80, and March 25.80, indicating a calm early session in the futures market.
Chicago buyers faced varied hog and cattle markets with large receipts. Hogs ranged steady to mixed with lighter weights off and good grades around 7.40 to 7.50 for 250-325 pound butchers, while heavy hogs 7.20 to 7.50 and packing sows 6.50 to 6.65. Cattle showed modest demand, beef steers and yearlings at 8.25 to 10.25, some heavy steers near 11.50, and stockers dull. Sheep receipts 11,000 with slow activity, native spring lambs near steady then weak to 25 cents lower for clipped lambs. The bureau estimates for tomorrow: hogs 26,000, cattle 12,000, sheep 14,000.
Kansas City stockyards report cattle receipts 7 000 calves 1 500 with fronts showing fed steers and yearlings steady to strong Texas grassers slow long yearlings at 11 50 best heavy steers at 10 10. hogs receipts 8 000 opened steady to higher for some light hogs butchers 5 to 10 cents lower packer top 7 00. sheep receipts 8 000 lambs 50 cents lower native springers 15 50 early sales 15 00 15 25 clipped 13 25 Texas wethers 7 25.
June 3 in New York U. & Bonds closed with Liberty Stos at 100.1 and 100.24 for First 4% bonds. Second 448 at 100.15 and Third 4% at 101.9. Fourth 4 at 100.321 and U. S. Govt 4% 8 maturing at 102.16.
The report lists Wheat July 1.03 percent and September 105 percent with Deer 1.07 percent. Corn July and Sept at 76 percent and December at 76 . H oats July 48 percent September 39 44 and December 40 percent. Lard July 10.52 and Sept 10.82 ribs July 9.95 and Sept 10.02.
Senate and house meet as committees progress hearings and inquiries. The elections committee continues the Mayfield hearing while the shipping board inquiry proceeds. Real estate boards begin their seventeenth annual convention. House rivers and harbors debates the Hudson river channel plan. Irrigation panel advances on fact finding commission recommendations.
Chicago traders opened higher as wheat led gains amid muted Washington politics and weather signals. July wheat moved to 1.08%, later eased. corn and oats firmed on mild weather, with July corn around 76 3/4 cents and oats near 43 1/4 cents. Provisions rose on expectations of large hard stock additions.
Local item notes Artie Wareham accepting a position at Central Drug store. Other notices report Chariton resident C C Andrene visiting Creston, Kent business man B L Petrie in town, Walnut resident J J Baxter in Creston for business, Mae Britten of Murray in Creston Monday, Harriette Watts attending summer school in Cedar Falls, Demarious Smeltzer visiting Centerville, Chris Peterson and Jake Pinkus attending Shrine convention in Kansas City, Mrs Edw Douglas visiting relatives in Omaha.
Dutch financiers and merchants expect the Dawes plan and allied acceptance of experts’ report will stabilize Germany and the Ruhr, reviving Dutch trade after ten months of depression. Occupied Rhine Ruhr districts hurt Dutch hinterland trade, raising living costs and disrupting exports. some industries regain markets, while deficits in state finances widen.
A Bureau of Agricultural Economics bulletin notes planting is one to four weeks late due to cool, rainy conditions. Corn and other crops face late seeding, replanting, and slow germination while winter grains and oats show weak stands and limited yields. Pastures improve as feed becomes available and farm animals gain condition with better weather ahead.
Truck crops are generally in good condition though southern areas show some injury from cold and wet spring weather. The supply of farm labor is barely up to demand and the scarcity will likely rise in the near term.
The fifth Shriners hospital for crippled children will be dedicated in St Louis with a grand parade of Mystic Shrine nobles and bands from temples nationwide. Dedication precedes the Mystic Shrine convention starting in Kansas City. The Imperial Council authorized the hospitals four years ago. two more sites include Shreveport and San Francisco.
The Shrine plans to establish at least twenty institutions to serve every crippled child in the country. A mobile unit in Honolulu has treated over 300 children, with hospitals planned in Springfield Massachusetts Montreal Philadelphia and Chicago. Each of the 601000 Shriners pays $2 annually to the hospital fund.
Miss Mary Brady of Omaha returns home after visiting her father W H Brady on West Montgomery street in Creston. James Conway, student at Creighton University in Omaha, arrives home to spend summer with Mr and Mrs Matt Conway on Myrtle Street. Buryl Scherer of Des Moines returns home with his parents on South Birch street. John Porter of New York City, a guest at the Berry Porter home on West Adams street, leaves for Muscatine to attend Swift and Company business interests.
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