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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Aug 17, 1939
Page
13
Farmers who choose to surrender sealed corn instead of renewing 57 cent loans will turn it over to the Commodity Credit Corp within two weeks. The CCC will store the corn in 25,500 steel bins recently purchased and place them at local shipping points under AAA committee oversight.
Maccatine county soil conservation committee officials stated they have received no guidance on accepting corn as payment for Commodity Credit Corp loans. About 600,000 bushels remain under seal in the county and officials expect most of it will be resealed.
AAA officials doubt many farmers will turn corn over to the corporation to satisfy loans. They predict most will reseal and seek a one year extension, then be paid 7 cents a bushel for stored corn. About 257 million bushels are sealed, led by Iowa and Illinois, with several other states holding smaller totals.
Local grocers and markets report aging stock with quoted poultry and hog prices. Heavy hens and old cocks fetch lower bids while hogs range from 3.30 to 5.90 per pound depending on weight class. Quotations provided by John P. Squire & Company.
New York market notes on eggs butter and cheese with price ranges and quality grades. Eggs show mixed colors standards firsts seconds and various drum and dirties grades. Butter markets show steady to firm with creamery and higher than extra and score ranges. Cheese prices steady to firm for state and whole milk flats with other prices unchanged.
The New York bond market opened with caution as losses approached a point by noon. Traders cited silent European news and weaker foreign government loan demand, with U S governments dropping up to 9 22 points and issues like Commonwealth Edison 3s and International Hydro Electric 6s under pressure. The day saw a $17 million Oklahoma storage issue offered at a small premium.
New York sugar futures held steady as hedging persisted in distant months. Late quotes were unchanged to 1 point lower with September at 1.8% unchanged and January down 1 at 190 cents. Refined prices remained near 4.40 per hundredweight.
Salable hogs 3,000, 10c to 20c higher. top $19. 140-180 lbs $4.35-4.85. 180-300 lbs $5.15-5.85. Cattle 2,200. fed steers and yearlings steady. vealers $8.50 top. Sheep 9,500. fat lamb bids around 25c lower. range feeding lambs $7.60-7.90. slaughter ewes $2.75 down.
Gerald Nicewanner of Durant and Henry Sywassink of Muscatine won multiple top awards in the Chester White division as open class swine judging began at the Mississippi Valley Fair in Davenport. Henry Sywassink took several grand and senior titles, with Nicewanner securing many junior and reserve honors.
Chicago market update shows butter steady at 1,013,090 pounds, eggs unsettled with graded extra firsts at 15 to 16 cents, and live poultry prices easing for certain breeds. Potatoes and several potato varieties listed with U S No 1 prices, futures closed with Butter storage standards noted for Oct.
Classifieds note canning corn for sale with phone 2849. Lost toy Manchester terrier black and white around 1 lb weighs about 1 lb. Reward offered. Iowa location 212% shown.
The report lists hog and cattle bid prices by city including Mason City Waterloo Ottumwa and Cedar Rapids with price ranges by weight from 120 to 500 pounds. Cattle prices are noted as unchanged with a weak tone and packers shown in various weight brackets.
Des Moines reports combined hog receipts at 14,200 for 4 hours ending 11:30 am. Compared with 23,900 last week and 16,200 a year ago. Prices rise 100 to 200 by weight with heavies and sows up 0.05 to 0.70 per cwt across weight classes.
U S Agr notes hogs sold mixed with 10 cent gains on heavies and sows. top hogs 180 to 250 pounds at 5.85 per hundredweight with heavier weights scarce. Cattle numbers modest and calves up to 4 percent. fed steers and yearlings steady, grass steers steady to 15 cents higher, stockers unchanged. Sheep slow to start with 2,000 n at market, trucked native spring lambs entering the sale.
A broad list of stocks shows varied movement with notable gains for Am Can, Am Loco, and U S Steel while Ford, General Electric and other industrials post mixed results. Trading activity continues as investors weigh energy, steel, and auto sectors amid fluctuating demand signals.
The wheat market shifted to a downward trend after early gains, with Liverpool prices easing and hedges moving from September to deferred deliveries. May 1940 options weakened as wheat closed mixed, while corn held near unchanged to slightly lower, and oats finished mixed.
Lambs 25c lower and sheep weak to 25c lower. Trucked in native spring lambs down from 7.75 with best holding above 8. Fed Texas wethers 3.40. Slaughter ewes down from 3.
Mrs Anna Gardner of Sioux City Iowa says KruGon restored her ability to walk after four years and relieved chronic pain from stiff joints indigestion and toxin buildup She walked to town to share her relief and credits her recovery to KruGon sold by McDaniels Drug Co at 115 E 2nd St
Sharply restricted hog supplies lifted prices as much as 25 cents to the best level in several sessions. Fed steers and yearlings steady with some 15 cent gains. spring lambs down 15 to 25 cents. Official Friday receipts: cattle 1,000. hogs 5,000. sheep 2,000.
Chicago grain and provisions note spring lambs and rearings trading 25 lower on few sales 15 25 lower. native spring lambs 850 head with weights 65 83 to 88 pounds Westerns 8.25 50 bulk 8.50 medium to good yearlings 6.40 75 native ewes 2.50 3.50. Sheep steady native slaughter ewes 2.50 3.50. Auto gaskets especially shock absorbers should be inspected for leak proof integrity.
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