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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Aug 16, 1913
Page
9
Prospects of unsettled weather and showers temper corn gains while soy and wheat trade steady to mixed. December futures see modest shifts amid Canadian storm damage and bullish France reports, with various receipts and shipments data recorded by Chicago brokers and primary markets.
Chicago reports slow hog demand with steady to lower prices and light steady supplies. Cattle and sheep sales show steady activity as markets note potential shortages. Kansas City and Dodge City livestock receipts and pricing mirror mixed results with hogs at steady to lower bids and cattle varying by grade.
Grain and provisions prices in Chicago show mixed results with Wheat No 2 red around 8.40 to 8.50, No 2 hard and No 1 northern noted. Corn trade lists No 2 white and No 2 yellow near 7.64 to 7.70, while oats and rye quote varied. Liverpool and New York markets also report firmer futures and steady sugar rates in August trading.
South Omaha Neb August 18 cattle receipts 100 head market steady native steers 7.36 to 9.00 cows and heifers 6.50 to 8.00 calves 6.60 to 9.50 hogs receipts 3,800 head mixed 7.00 to 8.25 pigs 7.05 to 7.75 sheep receipts 200 head yearlings 5.00 to 5.75 lambs 6.75 to 7.50. St Louis Mo August 16 cattle receipts 760 head market steady native beef steers 5.50 to 9.00 cows and holsters 4.75 to 8.78 stockers and feeders 6.25 to 7.50 calves 5.00 to 6.00 hogs receipts 3,000 head top 8.35 bulk 7.00 to 8.25 sheep receipts 600 head lambs 6.00 to 7.15 Kansas City grain market trends and closing grain quotes follow for wheat corn and rye with mixed and white varieties listed.
Market briefs from Omaha and New York report mixed grain and commodity movements. Wheat prices in Omaha range from hard to white varieties with fractional cents, while New York notes steady butter and cheese, firm eggs, and poultry prices. Kansas City shows butter, eggs and poultry unchanged.
Washington August 16 officials warn sharp beef price increases loom after drought devastates cattle regions in Kansas Iowa Nebraska and Oklahoma. A B Melvin toured South America to assess slaughter and packing amid hoof and mouth disease there and possible U S import impacts. Australia may step in if shortages persist but Britain’s demand could limit Argentina exports.
New York stock market opened with heavy selling as leaders including Steal and Union Pacific fell, while Bethlehem Steel Great Northern Ore Rock Island preferred and Mexican Petroleum slid. Fatigue over crop damage fears and corn output lowered confidence, yet later buying rallied to erase early losses as Union Pacific Reading Canadian Pacific Amalgamated gained and Westinghouse rose three points.
A chaotic OCR style list shows major stock names including Amalgamated Copper, American Sugar, American Cotton Oil, Anaconda Mining, Atlantic Coast Line, Baltimore & Ohio, Brooklyn Rapid Transit, Canadian Pacific, Chesapeake & Ohio, Chicago & North Western, Colorado Fuel & Iron, Colorado & Southern, Delaware & Hudson, Denver & Rio Grande, General Electric, Great Northern, Great Northern Ore, Illinois Central, Interborough Met, Interborough-Mat. pfd, International Harvester, Louisville & Nashville, Missouri Pacific, Missouri, Kansas & Texas, New York Central, Norfolk & Western, Northern Pacific, Pennsylvania, People’s Gas, Pullman Palace Car, Rock Island Co., Southern Pacific, Southern Railway, Union Pacific, United States Steel, United States Steel pfd, Western Union, and Wabash. The list reflects a broad cross section of 20th century listed equities and railroads.
The weekly statement for New York banks and trust companies shows total cash reserves in excess of legal requirements at 24,698,200 down 285,450 from the prior week. Aggregate cash in vaults stands at 428,897,900 with trust company reserves and loans activity noted, while the Chicago Produce Market reports mixed pricing on produce and poultry.
Fagan Bros offers a 258 acre Louisa County farm with heavy black soil, tiled drainage, fenced and cross fenced, hog tight 50 acre section, 8 room house with hot water heat, large barn, barn water piping, corn cribs 26 by 40, hog house 18 by 42 with concrete floor, granary 18 by 24, and other buildings. $15,000 may stay on farm. Also 80 acre parcels near Atalissa and West Liberty. Terms easy, long. Muscatine Iowa.
Towa City reports a fugitive Iowa militiaman shot near the west where Private Ralph Baldwin of Company I 54th Iowa was wounded following a sheriff’s pursuit. Interurban railway refinancing and local business ads clutter the page alongside sales of hardware, farm goods, clothing, and real estate.
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