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Newspaper
Creston Weekly Advertiser
Location
Creston, Iowa, United States of America
Date
Jul 31, 1924
Page
2
Bullish market action follows reports of rust in Manitoba wheat fields. Initial prices bounced from slight losses to gains then cooled, as traders weighed export demand. Corn and oats rallied with wheat while hog values slid, pulling down pork and related provisions.
Bullion demonstrations and a general market surge push prices higher with American Can and American Water Works hitting yearly highs and other stocks like General Electric and United States Steel advancing. Hog receipts total 35,000 with prices down from Wednesday and cattle receipts around 8,000 with steady to higher values amid strong demand.
KC cattle and calves mix with steady to higher demand for grassers and fat cattle. Hogs and fat hogs show softer packer bids. sheep and lambs range mixed with gains on high quality ewes and feeder lambs. Market figures include prices for beef cows, canners, stockers, and feeder calves across Kansas, Texas, and nearby markets.
A damaged OCR snippet shows prices for chickens and fowls, broilers and roosters, along with various grain or dairy terms and scattered figures. Mentions Virginia and Cobblers with small price points, but many phrases are garbled, rendering a clear sale or date unclear.
The report from St Louis and New York records show butter receipts at Waay 17 286 with creamery higher than extras, and creamery extras at 92 score. Exgee-Steady receipts 27 317. Wheese firm with 138 079 pounds. Live poultry weak with broilers and fowls named by freight or express. Dressed poultry steady to firm and prices unchanged.
Wheat prices across several hard and mixed grades with No 1 hard quoted at 155% to 137% and other grades listed. Corn shows mixed No 2 to No 8 with varied cents per bushel, oats at No 2 white 65 to 54, rye not annotated, values include several rounded figures and weights.
Cattle receipts 1100 as buyers steady to strong. Fat steers 5.50 to 10.50, fat cows 5.00 to 9.50, canners 2.25 to 6.50, grass cows 5.50 to 6.10, bulls 4.00 to 5.00, feeders 6.00 to 8.00, stockers 5.00 to 7.00, stocker yearlings 4.00. Hogs receipts 12,000 with prices 0.50 lower than Wednesday, tops around 9.00, bulk 7.50 to 9.00, pigs 7.50 to 8.25. Sheep receipts 800, steady.
In Minneapolis Minnesota on July 31 flour prices remain steady with no change reported. The brief notice notes no adjustments in the flour market for the day.
Receipts total 29 700 with hogs 12 000 mostly 25 cents lower. 180 to 300 pound pigs 1.75 to 9.10. 150 to 180 weight 8.25 to 8.75. packer and light weights 7.75 to 8.00. sows 7.50 to 7.75. Cattle receipts 6 700 showing strong calves and yearlings, steady in better grades, plain ends weaker. steers 8.75 to 11.00, top heavy steers 11.35, yearlings 11.50. Bulls and feeders generally steady, cows 6.00 to 8.50. veal top 8.50. Sheep receipts 10 500 with lambs 24c higher. top 13.60 for four loads Calif. lambs around 85 pounds. bulk fat lambs 13.25, natives to 13.00, fed clipped lambs 12.25 to 12.75, yearlings 11.60, feeders slow.
South St. Paul Minnesota July 31 cattle receipts 2500 best steers and yearlings steady others weak to 26 cents lower veal calves 8.25 to 8.50 hogs receipts 7000 fairly active unevenly 75 cents to 1.25 under yesterday's close bulk 9.00 to 9.25 nos lights 9.35 packing hogs 7.56 to 8.00 sows 7.75 feeder pigs 8.00 sheep receipts 500 bulk lambs 25 cents higher native fat lambs 11.75 to 12.75 ewes 6.00 to 6.50.
In St Joseph Missouri on July 1 hogs 5,000 head uneven with 500 to 100 lower. top 9.40, bulk 8.75 to 9.25. Cattle 2,500 steady to 15 cents higher. steers 8.25 to 10.00 with top 10.90, cows and heifers 3.00 to 9.25, calves 4.00 to 8.50, stockers and feeders 4.00 to 8.00. Sheep 4,000 steady to 10 cents higher. lambs 12.50 to 13.60, ewes 5.50 to 6.75.
Investors watched a broad list of names from Alfred Carlton Dyne to Woolworth show mixed shifts as strong performers like Coca Cola and General Electric moved, while others including American Can and American Tobacco posted declines. Volume remained steady as traders weighed corporate results and market signals.
Foreign exchanges in New York on July 31 show irregular demand with cent quotations across a wide list. Rates include Great Britain 4.397% France 4.98% Italy 4.32% Belgium 4.544% Germany 237% Holland 88.18 Norway 13.54 Sweden 26.61 Denmark 16.08 Switzerland 18.60 Spain 13.33 Greece 1.73 Poland 1914 Czecho Slovakia 2.96 Yugoslavia 1.19 Austria 0.01416 Romania 0.44 Argentina 8.00 Brazil 9.85 Tokio 41% Montreal 99%.
Minneapolis Minn daily cash grain list shows wheat values for No 1 northern and dark northern spring with bids from 1.35% to 1.57% for various grades. July and September futures quoted around 1.35% to 1.37% and December near 1.37%. Corn No 2 yellow priced about 1.05% to 1.16. Oats No 3 white around 5 to 5.2 percent.
Livestock sales in East St Louis on July 31 show hogs 75 to 85 cents lower with top at 10.00 and bulk light hogs 9.90 to 10.00. packer sows 7.85. Cattle 2000 head, demand light, western steers steady around 6.40 to 6.45, light yearlings and heifers scarce, packers bidding 8.75. Sheep 1500 head, fat lambs up 25 cents to 12.75, bulk 12.50 to 12.75, culls steady 6.50, bulk ewes 3.50 to 5.00.
Wheat prices for No 2 hard and red varieties range from 1.22 to 1.38 with July and September bids and December offers. Corn bids show No 3 white at 1.05 and No 2 yellow around 1.08, with other grades near 1.04 to 1.07 and futures quoted. Hay and timothy prices hold steady or fall up to 50 cents, clover similar, with other grains unchanged.
New York report shows a drop of 11 to 16 cents in the raw sugar market today, sending Cuban prices to 5.02 duty paid. Refined sugar remained steady, ranging from 6.40 to 6.75 for fine granulated.
Omaha Neb July 31 market report lists Wheat No 2 hard 1.22 1.25 No 3 hard 1.22 1.28 Corn No 2 white 1.05 No 2 yellow 1.05 Oats No 2 white 5144 No 3 white 50%
U S bonds closed with Liberty 3 4 at 101 12 First 4 4 s at 102 13 Second 4 s at 101 27 Third 4 102 20 Fourth 4 1 02 17 U S Govt 4 s at 105 12
Corn futures mixed with slight gains across grades at Peoria Alabama with No 2 yellow about 1.10 and No 5 yellow around 1.10 setting, No 6 yellow near 1.08 to 1.10 while No 2 mixed steadies near 1.10 and samples around 1.06 with 20 cars traded and one inactive car noted.
Copper steady at 13 percent for spot and nearby and futures. Tin firm at 49.62. Iron prices unchanged. Lead firm at 7.50 to 7.75. Zinc quiet in East St. Louis at 6.00 spot and 6.05 futures. Antimony at 9.00 spot.
Peoria Illinois on July 3 hogs 4500 head sold at 9.75 top and 9.25 to 9.75 for lights, mediums 9.50 to 9.75, heavies 9.25 to 9.75, packers 7.60 to 8.50. Cattle receipts light with veal tops 9.00.
Toledo market notes show Cloverseed at 12.90 for Oct and 12.40 asked for Dec. Timothy cash at 3.75, Sept 4.15 asked, Oct 3.90 asked, and March 4.05.
In New York on July 31 the tone notes Rio No. 7 at 16 percent and Santos No. 4 at 21 percent. Futures show irregular activity with September at 14.92 and December at 13.95.
The July market report from East St. Louis notes horses and mules unchanged. Local social notes mention Mrs Jas Keefe of Corning visiting Creston, Mrs Mort Hoeffer returning to Corning, and several residents traveling or visiting friends in Creston. William Kennedy of St Joseph Mo arrives for a short visit and business. Mrs E B Roper returns from Minneapolis after two months with her parents.
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