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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Aug 22, 1933
Page
9
hog market shows steady to five cent lower ranges after a sluggish open with top at 4.60, 20,000 head receipts and ample supplies. Cattle receipts near 11,000 head with slow early movement and cattle steady to 15 cents lower, sheep holding around 7.25 to 7.50 for fat lambs as 18,000 head arrive.
Combined at 25 concentration yards and seven packing plants in interior lows and Southern Minnesota for the 44 hour period ended 8:00 am today were 16,500 hogs with 12,000 a week ago and 12 a year ago. Quotations follow for various weight classes with prices ranging from 3.30 to 4.20 per cwt. Shipping-point basis excluded from quotations.
Prices on hogs at Mason & Ty Steady Waterloo Ottumwa Cedar Rapids Des Moines declined five to twenty cents. Quotations cover weights from 120 to over 500 pounds with classes for prime, good packers, and thin packers noted.
Chicago livestock totals show 20 000 hogs received with 4 500 direct sales. Market active with prices steady to lower than Monday. Weights 170 220 lbs at 4.60 top, 280 300 lbs at 4.50.
Local markets show hens 7 to 10 cents each, roosters 4 cents, heavy springs and Leghorns around 6 to 8 cents. Hog quotes range by weight from 140 to 300 pounds with prices from 2.80 to 5.60 per hundredweight depending on grade and weight, packers at 2.30 to 2.50.
Cattle receipts total 8 500 head with calves 2 000 head. Market slow with steadiness to 25 cents, weights 110 to 150 pounds lower. Mixed grades and weights offer prospect top around 7.00, vealers steady, hogs and sheep show varied values across weight classes with buyers cautious. Stocker and feeder cattle quoted 4.50 to 5.50 for steers 500 to 1 050 pounds. Sheep receipts 18 000 head with lambs 7.25 to 7.50, natives and westerns stronger than outsiders.
Hogs receipts 5500 head slow and uneven with early top $4.25 for 180 230 ibs. cattle receipts 6500 head calves 1100 head with steers and heifers mostly steady to higher in spots yearling steers 36.50 to 67.75 with other weights quoted. sheep receipts 6000 head native lambs 25 cents lower with top native lambs 6.85 and ewes trading around 1.15.
U S Department of Agriculture report from Omaha lists hog receipts at 12 000 head with early sales 10c lower and later bids 15 to 25c lower led by heavy butchers and sows. top hog price $4.05 with bulk 3.75 to 4.00. Cattle receipts 5500 head show slow fed steer and yearling trade, with prices mostly down 10 to 150. best long fed cattle around 6 6 75. cows and bulls weaker to steady. Sheep receipts 12 000 head include feeders 60% and lambs steady to weak with native lambs 7.00 and range lambs 6.00 to 6.50, feeders 6.00 to 6.50.
In a quiet session, bond prices showed a baggy trend with some issues posting declines on special developments. Western Pacific 5s dropped near five points over doubt about Reconstruction Finance Corp aid to meet September 1 interest, later recovering a point to 80. Consolidated Gas 5s and other rails saw modest losses or small moves amid uneven activity.
The New York stock list shows falls in major names with several firms down around 6 to 15 percent. Notable movers include Gillette, American Founders, RCA, Studebaker, Ford, Woolworth, and United States Steel with varied losses across industries.
Rye advanced five cents a bushel the daily maximum as grains followed higher amid mixed trading. Wheat finished firmer up to 1 cent, corn eased about a half to less than a cent, oats gained modestly, rye rose 4 to 4.5 cents and provisions held steady to 15 cents up.
Market notes show Wheat No 2 Red Streak 86 to 87 cents. Corn No 2 Yellow 52 to 53 cents. No 3 Yellow 52 4. Oats Nos 2 White 36 to 37 cents. Rye no sales. Barley 42 to 64 cents. Seed at 4.60 to 5.00 per cwt. Lard at 5.62. Hog bellies 6.42.
Wheat receipts reported at 139 cars with price quotes for No 1 northern and dark northern wheats across several protein levels and destinations. Prices shown for Montana amber durum red durum and various futures months. Corn and oats quotes provided for No 3 yellow and No 3 white with bid ranges.
Butter receipts show 13 095 titles with varied scores and pricing. eggs receipts list 3 132 cases with local and current prices. potatoes receipts note 50 cars with U S shipments and regional price ranges. poultry live prices include hens roosters turkeys and ducks with multiple grade ranges. refrigerator and storage standards given for Oct and Nov.
New York AP dairy report shows eggs receipts at 24,560 cases with mixed colors and special packs. butter receipts at 21,258 tubs with firmer creamery prices. cheese receipts 387,986 pounds steady. dressed poultry steady with turkeys frozen at 14 25 cents and live poultry and other poultry grades unchanged.
AP notes price changes at the Kansas City market with eggs up 10 cents, creamery butter at 24 cents, butter fat 11 16 cents, and springs and broilers 10 cents. Other produce remains unchanged.
Minneapolis flour shipments show 17 593 barrels were unchanged. Pure Bran priced at 17.00 to 17.50 per barrel and Standard Middlings at 18.50 to 19.00, reflecting stable market levels in Minneapolis, Minn.
Peerless Dairy of Rock Island defeated Nichols 10 to 2 in seven innings at League field South Muscatine advancing in the semi pro tournament. Albia and Conesville reached quarter finals Sunday. a 4:30 p.m. game pitted Leon against Andover Ill. Terrible Swedes.
New York stocks showed subdued, narrow trading with little broad buying. Motor equities led gains as Chrysler and General Motors rose modestly, while a wide range of other firms posted small losses or little change. Bonds remained dull and the dollar firmed slightly in foreign exchange.
New York AP reports foreign exchange rates and fees in cents for major currencies. Britain and France show 6.34 and 7.20 respectively, Italy ib.08, Belgium ib.08, Holland 5.08, Norway 23 60 percent.
New York Giants coach Bill Terry says the team must win every game to clinch the pennant and not rely on others losing. He notes the Braves absence of easy calls and the eight remaining battles against Boston as decisive tests.
Evanston—Members of the National Football Coaches association convened in Chicago for the east west game at Soldier Field on Thursday night and held a conference led by Vanderbilt president Dan McGugin. Speakers included How ard Jones Southern California and Dick Hanley Northwestern with Glen S Warner Temple and Bernie Bierman Minnesota on the program. Fielding H. Yost Michigan athletic director, slated to speak at a dinner.
J. K. Latta will chair the Morning Sun NRA with L. M. Samson as vice chairman H. D. Cooley as secretary and C. A. Brown as committeeman The Robbery at the Motor Inn garage involved tires tubes and other accessories valued at 50 dollars and is being investigated by Sheriff George Oaks Mrs F O Clark was named president of the Marsh Methodist church Ladies Aid society with officers including Mrs Alta Tolemeier Fern Grim Tracy Crawford More than 150 McElhinney family members attended a reunion at Crapo park on Sunday
The school board awarded hack routes for the year after receiving about 60 bids. Route 5 contracts were 36 dollars a month, others 40 dollars. The board cut routes from eight to seven, naming contractors for routes 1 through 7 and noting the award details and names.
Classifieds list multiple rentals including a 1019 Lincoln Blvd house and a 2 room house with water and lights. Also a 5 room modern house with a blank contact, plus a 1930 Olds mobile sedan for quick sale. Funeral thanks to Rev Lesher and helpers is noted by the Fix family.
The Federal Land Bank announces it can forward applications for farm loans in Muscatine and Louisa Counties and western Scott County. The bank is speeding up operations and invites farmers to call or write. Interest rate is 4 percent. Titus Co., 213 Iowa Ave.
The government will buy up to 4,000,000 pigs and a million sows at six Midwest stockyards including Chicago and Kansas City. The plan, costing about 55 million dollars, will be funded by a pork tax starting Oct 1. Pigs and sows receive premiums and base prices set at Chicago, with south stock paid 3 dollars less per hundredweight. Government inspectors supervise weights to prevent runts and ensure compliance.
Pigs weighing 96 to 100 pounds will bring $6 per head. They will command 40 cents more per hundredweight in Chicago due to heavier hauling costs.
Chet Coder was elected president with Mrs. Charles Herrick as secretary and treasurer and Elizabeth Coder as historian at the 1934 Coder family reunion held at the school grounds on Sunday. The next meeting is planned for the third Sunday in August at Weed Park in Muscatine.
The Detroit inquiry seeks former President Hoover to testify before the jury with no legal obligation enforced. Judge Keidan had earlier noted Hoover had been approached about testifying. Hoover could decline, and no decision on where testimony would occur had been made.
The investigating jury prepared to hear final testimony from Senator Couzens who said he finished his remarks but would be questioned again by Michigan Attorney General Patrick H. O'Brien. Rev. Charles E. Coughlin, tied to criticism of two closed banks, is slated to testify next, with appearances planned for Wednesday.
Aboard the aeroplane launching the Quebec to New York airmail route a live black bear cub was among the freight carried. The unusual shipment highlighted the era's experimental air mail service and its broad cargo scope.
Dora Gregory sues Martin L. Gregory in Muscatine County District Court for an absolute divorce on the ground of willful desertion dating from April 27 1931. The defendant is ordered to appear before the September 1933 term, otherwise default and judgment will be entered. Dora crepes, Plaintiff. By F L Bihlmeter.
The First National Bank of Muscatine in Iowa is closing its affairs. All note holders and creditors are notified to present notes and claims for payment. Dated July 8, 1933. E. E. Bloom, Cashier.
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