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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Aug 26, 1925
Page
10
Chicago wheat fell in early dealings on lack of news with local selling pressure and limited support keeping values in a narrow range. Sept corn and oats also declined, while provisions stayed steady as grain receipts and crop outlook in Illinois and Iowa influenced sentiment.
Reactionary tendencies grew as trading advanced on August 26 in New York. Chrysler fell nine points before buyers steadied the market, while Willys-Overland and Studebaker moved higher on expectations of pension action and advancing prices. The call money renewal rate rose to 4 1/2 percent, signaling funds withdrawing ahead of month end needs.
Market diary from Hutton market desk supplied by W. Ratton Co and Bartlett Frazier Company. wired summaries cover price movements and commodities with quotations and notes from 409 410 Hershey Building office.
Chicago cash grain prices for August 26 show No. 1 hard wheat at 1.61, No. 2 hard 1.58 to 1.61, corn mixed grades from 91 to 98 cents, No. 2 yellow up to 98 cents, No. 4 yellow around 96 cents, various white and mixed corn and oats values, rye at 1.01, barley 65 to 73 cents, Timothy and Clover seeds at 7.75 to 8.25 and 28.00 to 27.7, with lard at 16.87, ribs 15.825, bellies 21.37.
Peoria Illinois August 26 market activity shows 9 cars of corn with prices down 3 cents. No 2 yellow 84 and 84 percent starch, No 3 yellow 54, No 4 yellow 88, No 2 mixed 94, No 3 mixed 84, No 6 mixed 92, sample grade 89 to 92. Two cars inactive with No 2 white bid 39 cents.
Poultry No 1 hens 18c No 2 14c No 1 springs 18c No 2 springs 14c roosters 9c Eggs 2ic Livestock Good hogs 13.25 13.75 packers 12.25 12.50
Butter receipts 6137 tubs with creamery extras 41 414 percent standards 42c extra fists 40 41c firsts 394 40c seconds 37 39c Eggs receipts 11269 unchanged.
New York August 26 Butter-Firm notes receipts at 12.99 percent tubs with creamery prices higher than extras. Eggs steady with 15,796 cases reported and nearby hennery whites priced around 55 cents for firsts and extras. Cheese receipts total 302,798 pounds.
St Louis report shows poultry prices steady with Springs at 24 cents and other cuts unchanged. Butter prices hold steady as market activity mirrors prior levels.
Kansas City Missouri August 26 poultry prices show springs higher at 28 cents others unchanged. Butter eggs and potatoes hold steady with no change indicated in the Peters market report.
Live poultry by freight 27 20 cents, by express 25 30 cents. Dressed poultry steady with prices unchanged.
Raw sugar stayed at 4.40 a hundredweight for Cuban duty paid. Refined sugar held at 5.59 to 5.60 for fine granulated in early trading today.
In East St. Louis Illinois on August 26 the market quoted good and choice draft horses at 150 dollars, good eastern chunks at 75 to 100 dollars, and choice southern horses at 41 to 75 dollars. Mules ranged from 60 to 225 dollars across sizes from 14.3 to 17 hands with 15 to 16.2 hands fetching 125 to 190 dollars and 16 to 17 hands at 175 to 225 dollars.
Chicago hog and cattle prices mixed as receipts reached 12 000 hogs and 9 000 cattle. Hogs sold unevenly higher with top at 13 30 and mostly 12 35 to 13 00 for desirable weights. sow and pig prices ranged 10 50 to 13 30. Cattle saw firmer demand for heavy steers, with top around 16 10 and many loads at 14 00 to 15 50. fat cows weaker to steady, calves steady, lambs about 14 25 to 14 75 with natives around 11 50 and western lambs higher on fat types.
Kansas City stockyards report August receipts of 11000 cattle 4000 hogs 3500 sheep with varied results. Cattle strong for top grass fat cows veal top 11.00 while feeders slow. Hogs steady to firmer with shipper top 12.90 and packer top 12.40. Sheep lambs led by 15.00 range, ewes 7.50 and feeding lambs 14.25.
East St Louis Illinois August 26 hogs receipts 10500 with prices up to 13 50. heavy hogs and lights varied by weight. cattle receipts 5000 fat steers scarce with natives at 11 25 to 12 75 and westerns steady to 15 cents lower. light veals 12 75, cows 4 25 5 50. sheep receipts 2500 with packers bidding 14 for best lambs and ewes at 5 7 50.
Cattle receipts 3000 slow market killers steady stockers down 26 to 85 cents. fat steers and yearlings 7.50 to 14.25. fat cows and heifers 6.00 to 12.00. veals 4.00 to 9.50. hogs receipts 8000 steady to 25 cents higher. top 12.60. sows and feeders varied. sheep 5090 head with lambs at 14.85 and ewes steady. overall mix in Sioux City market on August 26.
At St Joseph Missouri on August 26 hog receipts reached 5000 with prices up 25 to 40 cents, top at 12.80 and bulk 12.25 to 12.75. Cattle receipts 5000 with markets slow to 25 cents lower. steers 11.00 to 11.50, cows and heifers 3.25 to 10.50, calves 4.00 to 12.00, stockers 5.09 to 8.25. Sheep receipts 2500 with lambs 13.75 to 15.00 and ewes 6.90 to 7.25, markets strong to 25 cents higher.
At Peoria Illinois on August 26 hog receipts reached 1,500 head with prices 25 cents higher. Top hogs sold at 13.00 dollars, lights 12.25 to 12.75, mediums 13.00, heavies 12.40 to 12.75, packers 10.00 to 10.75. Cattle and calves also higher with calves topping at 13.00 dollars.
A cattle market report notes a lot of 1138 genecs sold for $16.10 per unit and $15.75 per unit at the representative sale. The tally reflects bidding activity and prices for steer stock in the event.
Dubuque Iowa residents report the Ku Klux Klan moving forward with preparations for a monster klan parade on Saturday at their usual Peru road meeting place despite the city council twice denying a parade permit for the event.
Riverside farmer Joe Cummings aged 59 died of apoplexy yesterday evening in Washington County Iowa. His body was found by family members in a stall beside two mules, with no marks on the body. Local reports note he was a prominent farmer living near Riverside.
Field Marshal Baron Franz Von Conrad Hatetzendorf, chief of staff of Austro-Hungarian armies in World War I and later commander in chief on the Italian front, died today at Mergenheim in Württemberg Germany.
Officials consider abolishing free motor camps in Oregon to curb the so called automobile tramp. Critics say the itinerant travelers move from town to town seeking charity and threaten local stability.
Des Moines August 26 A P corn development rapidly advanced with temperatures above normal the week ending yesterday. Most of the crop is denting while drought extends in northwest and parts of north central Iowa causing firing in dry areas. Hail on August 18 damaged about 2 million dollars worth of crops and property in southeast Iowa though overall losses are small compared to total production. Fall plowing progresses and winter wheat acreage is rising as tomatoes melons pastures and late gardens improve under better weather.
Buckeye Lake Ohio August 26 The Ku Klux Klan national council convened to plan better cooperation with Protestant ministers for religious work and to decide measures to strengthen the women's and junior orders. Imperial Wizard H W Evans and H K Ramsay spoke urging secrecy and masked public appearances.
The Missouri Lutheran synod convention at Hampton Iowa approved grants totaling over 234000 for weak Iowa parishes and admitted four congregations Dewitt Hinton Cherokee and State Center to the Iowa district. Charter Oak was chosen as the 1927 convention site and plans for a junior college in Iowa were authorized by the national Lutheran education association. The presidency was transferred from Paullina to Cedar Rapids and Rev C H Seltz was retained as school superintendent for education work.
A sailor was killed and another man seriously injured during a drill aboard the battleship Oklahoma en route from New Zealand to Samoa. The report gave no names and was received by the navy department.
John Averill 82 a Civil War veteran known as the drummer boy of 61 and former president of the Grand Army of Musicians of Iowa died in his sleep at his Waterloo residence. He served in the 55th Illinois Infantry and had planned to join the state fair opening to play with the state AR drum corps.
Ford Motor Company unveiled a broader refinement of the Model T line with lower steel bodies, color closed cars, larger brakes, and redesigned seats. Changes affect open and enclosed models, with details including wider fenders, new radiators, and upgraded mechanicals while prices remain unchanged.
Across Iowa Nebraska Kansas Oklahoma and the Dakotas crop prospects are strong with higher prices. Iowa projects a 40.5 bushel corn average and a rise of about 145 million bushels to near 450 million. Nebraska growers expect corn above last year’s 203 million bushels amid favorable rains. Kansas reports decent corn near 100 million with wheat seeding prospects strong and prices improving. Oklahoma foresees a record cotton crop near two million bales and better bank health. Dakotas note fair to good conditions, with oats barley and wheat improving and pasture moisture improving in spots.
John A. Cavanaugh, former Des Moines banker now in New York, earned a 250 000 commission for negotiating Des Moines water works sale to the city in 1919. The U S board of tax appeals says he must pay 59650 income tax for that year.
Seven passengers in a sedan driven by E. B. Hammer of Washington escaped with no injuries when the car ditched four miles north of Kalona and was completely destroyed.
Classified ad calls for 25 senior fiddlers to join the Old Fiddlers Contest on Friday night August 28 at the show grounds on Grendview Ave. Apply in person or call for details.
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