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Newspaper
Creston Daily Advertiser
Location
Creston, Iowa, United States of America
Date
Jun 03, 1924
Page
7
New York stocks rose as tax measure clarity and a president’s pledge of further reforms brightened sentiment. A broad rally followed, with average gains of one to two points before midday. Public utilities and steel shares led, while American Water Works hit a new high for the year. Call money opened at 3 percent.
Hogs receipts 16 000 fairly active and steady to five cents lower with top 7 05 for loads of choice butchers. Cattle receipts 6 800 beef steers and yearlings slow but steady with top 10 76. veal and stockers steady. cows 4 50 to 7 75. Sheep receipts 8 000 slow early. lambs about steady. clip ewes 5 50 to 6 00. Idaho springers slow with some heavy bids.
Trading notes show mixed quotes on poultry and produce with gains in bell pepper and russet potato prices and weaker trading for new stock. Receipts include 36 to 38 percent creamery extras and varied fowl prices, while Wisconsin and Idaho sacks report notable figures and a slight overall uptrend in fancy shade terains.
Opening generally steady with top cattle around 7.10 and bulk 6.80 to 7.05. Receipts 3,000 with sales slow to 36 cents lower. calves and cows mixed with steer and heifer prices noted. Ewe and lamb figures show 14.50 to 15.50 for lambs and ewes trading 5.50 to 6.50.
In Minneapolis on June 3 a flour price report shows unchanged quotations at 20 cents per pound for certain grades, with buyers and bakers watching for shifts as patent brands range from 650 to 670 in the listings.
Fragmentary OCR text shows unclear names and terms. No cohesive events or identifiable entities emerge. insufficient readable facts to form a valid news item with two line summary.
Market notes show new crop cotton futures trading steady with the July 29 73 level, October at 26.75, December 25.08, January 25.80, and March 25.85 as quoted. Investors monitor季seasonal demand and weather developments affecting output.
Chicago market notes hogs cattle and sheep with steady to uneven prices. Hogs mostly steady with some declines on light weights and sows. bulk 250 to 826 pounds at 7.40 to 7.50. Cattle receipts 11,000 with varied pricing for beef steers and yearlings and lighter sales. Sheep receipts 11,000 with slow sales and lambs around steady or weaker. Department forecast shows hogs 26,000 cattle 12,000 sheep 14,000 for tomorrow.
Kansas City reports cattle receipts 7 000 calves 1 500 fairly active fed steers and yearling steady to strong Texas grass cattle barely steady long yearlings 11 50 best heavy steers 10 10 etc hog receipts 8 000 open fully steady to shippers some lights 10 cents higher butchers 5 to 10 cents lower shippers top 7 15 packer top 7 00 bulk 6 70 7 10 packing sows 6 40 6 50 feeder pigs 6 75 6 00 sheep receipts 5 000 lambs mostly 60 cents lower native springers 19 50 other grades 15 00 15 25 clipped 13 26 Texad wethers 7 25
On June 3 in New York U and bonds closed with Liberty 34s at 1001 and First 4% at 100.234. Second 4% traded around 100.15, Third 4% at 101.8, Fourth 4 18 at 100.31, and U S Government 4% at 102.16.
Wheat July 1.0314 Sept 105% Dec 1.07 Corn July T6% Sept T6% Dec 69 Date July 43% Sept 394% Dec 40% Laurd July 10.52 Sept 10.82 Ribs July 9.95 Sept 10.02
The Senate and House meet with committees pursuing hearings on Mayfield and the Hudson river channel proposal. The National Association of Real Estate Boards opens its seventeenth annual convention as House committees probe shipping board actions and irrigation commission recommendations.
Wheat opened higher amid mixed signals on farm policy and crop reports. July and September contracts showed modest gains before selling pressure pulled prices back. Corn and oats firmed on cooler weather while lard stocks bolstered provisions. local residents and visitors were noted in Creston and nearby towns.
The Hague reports that only allied acceptance of the experts' plan and stabilization of Germany and the Ruhr could lift Dutch trade from its trough. Occupied Rhine Ruhr areas cripple Dutch revenue, raise living costs, hit transport and ports, while some industries regain old markets and artificial silk boosts trade. State revenue falls, deficits widen. rail losses compound the financial strain.
The May report from the Bureau of Agricultural Economics notes a season 1 to 4 weeks late due to cool wet conditions. Replanting is common as germination and growth lag, with corn and cotton delays and weaker orchard fruit prospects from frosts and winter damage. Pastures improve but feeds remain scarce in many areas.
Truck crops are generally backward yet in good condition overall. Some southern areas report weather and adverse conditions causing injury. Farm labor supply lags behind demand and the shortage is likely to worsen soon.
The fifth Shriners hospital for crippled children will be dedicated in St Louis with a grand parade of Mystic Shrine nobles. The event precedes the Mystic Shrine convention in Kansas City and follows earlier openings in Shreveport San Francisco Portland and the Twin Cities. The hospitals fund corrective surgeries and restore mobility for hundreds of children.
In Honolulu the mobile unit has treated over 300 children. Hospitals are planned for Springfield, Montreal, Philadelphia, and Chicago. The Shrine seeks at least twenty facilities accessible to every crippled child, regardless of race or creed, with admissions restricted to orthopedic cases offering care and financial need. Each of the 501,000 Shriners contributes $2 annually to the fund.
Miss Mary Brady of Omaha returns home Monday after visiting Creston with her father W. H. Brady of West Montgomery street. James Conway, formerly at Creighton university in Omaha, arrives home to spend summer with parents Mr and Mrs Matt Conway of Myrtle Street. Buryl Scherer of Des Moines returns home with his parents Mr and Mrs Herbert Scherer of South Birch street. John Porter of New York City, guest at Berry Porter home on West Adams street, departs for Muscatine to handle Swift and Company business.
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