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Newspaper
Evening Huronite
Location
Huron, South Dakota, United States of America
Date
Oct 11, 1929
Page
8
Market notes show cattle and hog activity across Sioux City Sioux Falls and Chicago with varied demand. Hog prices mostly steady to down with lighter weights and sows steady. cattle volumes moderate with mixed firmness and some discounts. grain futures and cash prices for wheat corn oats and flax listed across Minneapolis Duluth and Chicago exchanges.
South St Paul market reports show cattle steady to unchanged with feeders and calves at 18.50 to 15.00 for choice kinds, hogs opening slow and weak with bids lower and light weights around 6.50 to 6.60, pigs at 2.50, and sheep generally steady. Chicago poultry and dairy prices hold steady with fowls 21 to 24 cents, springs up to 29, turkeys 20, ducks 16 to 21, geese 29, cheese unchanged, potatoes varying by origin and shipment totals reaching 1,187 carloads for the latest runs.
Minneapolis market reports wheat futures holding steady despite a bearish crop outlook from government data. May closes about 10 cents lower as cash demand softens and export interest remains light. Durum and rye futures show dull to unsettled activity with scattered gains and declines across months. Cash oats demand slows while milling wheat stays steady. overall market warming and selling pressure remain limited.
Armour & Co hog receipts to noon today show 400 head. Red Hur yard cites $3 but markets not public. Huronito cannot supply daily quotations. Readers urged to obtain quotations from public markets elsewhere.
Markets detail poultry eggs butter and live poultry prices from Huron Buck Brothers Mitchel Sioux Falls and Sioux Falls markets. Leghorn hens and springs listed with weights and price per pound. shipments and direct shipper prices noted. Friday and Thursday market notes included with regional station deliveries.
The September unfilled orders for United States steel jumped sharply by about 245000 tons triggering a price rise. Investors faced panic trading as shorts covered and speculation intensified.
Early trading sees oil money fall to 6 percent and liquidity steady at 8 34 percent across maturities. Wall Street expected a large drop in federal reserve brokers loans after the close but weekly statements disappoint. Steel common rises sharply while other steel issues rally. gains reach 8 to 12 points for several names including American Tobacco Ingersoll Rand Western Union and General Electric. Seaboard Air Line preferred hits new yearly high as Missouri Pacific preferred trims profits. overall close strong with about 4 100 000 shares traded.
A fragmented OCR listing shows numerous stock symbols, percent changes, and company names across industries. Notable entries include Am Car and Fay, Armour A and B, General Electric, Texaco, Pan Am, Union Carbide, US Steel, Reading, Sears Roebuck, Studebaker, and Woolworth, with varied percentage shifts and price cues.
On the curb market Standard Oil of Indiana stock closed at a bid and asked price indicated by BEV figures. The report notes trading activity and market mood for the Indianapolis based energy firm.
Mrs. Ernest Styer of Morningside suffered deep gashes in both legs when her car collided on Federal Street No. 14 near the Morningside grocery store with a Wisconsin car driven by a Lancaster man in rainy, foggy morning conditions. The Wisconsin driver and a companion received minor scratches. Mrs Styer required stitches and was hospitalized. her companions planned to continue to Montana after repairs.
Mr and Mrs Pudsey Dawe of Guildford England arrive in Huron driving a Rolls Royce. They pause for luck en route to Calgary and San Francisco, then plan to sail to Australia and travel around the world. Mrs Dawson remarks on the English drawl as they discuss a long voyage and long mileage.
A crowd gathered as Mr. Dawson prepared for departure with a curious English machine. The starter sounded excellent and a small English flag waved over the hood as observers noted the vehicle’s run.
Minneapolis Oct 10 Northwest Bancorporation announced an increase in capital stock from 37 million to 300 million and a sale of about 150000 new shares with rights for stockholders of record Oct 20 at 72.50 per share. Books reopen Oct 19 as the loan holding company expands with three new banks joining the group.
A report from a commission examiner indicates South Dakota consumers may receive lower coal prices. The plan would ship about 2,000,000 tons annually from Colorado and Wyoming mines to South Dakota, improving straight gate terms and reducing costs.
Harraman's report says current rates are unreasonable but not unduly prejudicial. The South Dakota railroad board saw discriminatory rates favoring Nebraska Minnesota and Iowa, with several local organizations intervening in the federal commission proceedings. The chambers of commerce in Sioux Falls Aberdeen and Mitchell joined the case.
Senate struggle over a tariff bill continues as Republican leaders face dissent from regulars and independents. Senator Reed warns he may relinquish control if more help does not arrive, while a Philippines independence proposal triggers further delays and votes on granting self government.
Senate agriculture committee rejected postponing a vote on farm board confirmations until the next regular session while some members urged delay. Chairman McNary opposed the motion. A joint resolution sought Treasury authority to buy 100 million dollars of farm loan bonds from federal land banks to aid agriculture amid Wall Street gambling concerns.
In Minneapolis, Northwest Bancorporation adds three bans to its group, including National Citizens Bank of Mankato and First National of Albert Lea in Minnesota and the National Bank of Grafton in North Dakota. Combined resources exceed $410 million.
Pierre October 16. Governor Bulow grants a commute from five years to two and a half years for Walter Caesar convicted of larceny in Brown County. Caesar had been committed to the state penitentiary February 8, 1928, upon the jury verdict and pardon board recommendation.
St Charles man Everson was unanimously reelected president of the South Dakota Farmers Union at the convention in Rapid City last evening. W H Preston of Rockham was reelected president, B H Sauber of Yankton reelected secretary and treasurer. A new board includes J W Batchellors Mission Hill Toe Atkins Wesson Springs EL P Lloyd Rockham Nw Peterson Colone and EL X Hammerquist Farmingdale. Preston and Hammerquist were elected delegates to the national convention in Omaha next month.
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