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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 05, 1927
Page
10
Wheat prices dropped as profit taking dominated trading in Chicago with Liverpool values weak. Argentine harvest favorable and slow European demand weighed on North American exports. US visible supply fell 81 000 bushels to 91 036 000 while corn and oats fell and provisions moved modestly.
Saylor-Weichelman Report shows grain prices with open high low close figures for May December and January delivery. The chaotic OCR lists numbers and month markers alongside references to Jackson Co. and Chicago New York connections.
Chicago prices for Wheat and Oats show No 2 red at 1.33 1/2 and No 2 hard around 1.32 1/4 to 1.32 1/2 with various grade values. Corn No 2 mixed about 92 1/2 cents and No 5 yellow near 89 1/2 to 90 cents. oats No 2 white around 55 to 58 cents and No 4 white about 52 1/2 cents. sample grades noted.
Chicago reports violent upturns in corn prices as predictions that the government yield report will trim November figures spread. Oats advance, wheat up modestly, and pork provisions mixed. exports via the Gulf grow while Argentine shipments weaken. Market watchers cite Washington estimates and private crop data for next week.
New York December 5 AP The visible supply of American grain shows changes in bushels Wheat decreased 80000 Corn decreased 25000 Oats increased 22000 Rye increased 378000
Poultry prices furnished by Swift and Co and Iowa Poultry Farm list hens four pounds and over seventeen cents, light Leghorns and blacks twelve to thirteen cents, springs four pounds and over one cent, under four pounds fifteen cents, cocks ten cents. Livestock prices from J. P. Squire Co show hogs good butchers 390 pounds at 8.15, 200–250 pounds at 8.15 to 8.50, 189–200 pounds at 7.80 to 8.05, 250–300 pounds at 7.40, heavy packers at 7.15.
AP dispatch notes Butter storage and refrigerator standards with December and January quotes. Fresh gathered firsts futures and regional prices for onions? onions not present.
Chicago and New York butter quotations show little change this week with 92 score extras at 51.5 cents in New York and Chicago 90 score standards at 46 cents. Milk and butter production remains light for the season, fresh egg outlook is uncertain, and live poultry movement has slowed after Thanksgiving before Christmas demand.
Butter remains steady to firm with 4,948 tubs received and creamery prices ranging from 50 to 52 1/2 cents for various grades. Eggs hold steady with 8,609 cases. fresh gathered extra firsts at 49 to 54 cents and higher grades up to 57 to 58 cents. Cheese steady with 111,292 pounds received and state whole milk flats holding at 28 to 29 cents.
Kansas City market notes show Butter at 46c for large quantities and 29c packing, Eggs Firsts at 42c and Seconds 25c with some receipts 37c. Fat 44c, Premium extra OS. Poultry lists heavy hens 20c, light hens 14c, springs 17 21c, roosters 10 14c, ducks 13 16c, geese 14c, turkeys 26 35c.
New York December 5 AP live poultry market report shows nominal quotations with various grades. Fresh chickens 22 to 37 cents per pound, fowls 18 to 31 cents, frozen 17 to 30 cents, old roosters 16 to 22 cents, western young turkeys 30 to 44 cents, on western 20 to 28 cents, western geese 20 to 25 cents.
Raw sugar in New York opened quiet with prices unchanged at 4.52 per cwt Cuban duty paid. Refined sugar also held at 5.60 to 5.80 for fine granulated.
Minneapolis reporters note flour prices unchanged in carload lots with family patents quoted 7.45 to 7.55 per barrel in 98 pound sacks. Shipments total 39 171 barrels. Bran priced at 29.50 to 30.00 dollars.
United States Department of Agriculture report notes little activity in major hay markets with steady prices despite limited demand for the week ending December 3. Weather improved growth in Ohio Valley pastures. alfalfa in Kansas progressing into winter in good condition. Kansas City receipts 139 cars with alfalfa No 1 $19.06 20.50, timothy No 1 $12.00 13.09, upland prairie No 1 $10.00 10.50, clover mixed light No 1 $10.50.
Chicago reports cattle quality down from a week ago with steady to lower prices in most steer sales. Hogs see a weak to lower trend, with bids generally a dime off and packers limited above 9 dollars for top loads. total receipts rise across cattle hogs lambs in major markets.
Kansas City market receipts 8,900 hogs with slower trade and declines around 10 to 15 cents from Friday’s average. Big packers buying slowly while stock pigs hold steady. Top prices reached 8.65 for 240 to 260 pound hogs. desirable 190 to 0.
Market notes indicate calves and bulls steady to lower with heavier cattle easing. Sheep and lambs bring around 13.60 to 14.00 per hundredweight while yearlings range near 10.10 to 10.26. buyers report active but uneven demand across classes.
Receipts include 000 head cattle with lower prices for fed steers and yearlings and declines for fat lambs. Top hogs reach 8.76 with bulk weights 200 to 280 pounds. Cattle categories show varied moves from strong to 25 cents lower for shipping cows to bulls up to 50 higher. Sheep volumes at 9,000 with fat lambs generally 25 cents lower and native ewes down to 6.00 to 6.50. overall market mixed by class.
South St. Paul Minnesota December five AP reported U S Department of Agriculture stating cattle receipts at ten thousand head with prices ranging from 6 25 to 9 50 for cows and heifers and 14 25 for choice fed steers. Calves and hogs showed softer demand with hogs trading near 7 50 to 8 25 for butchers and bacon hogs and sheep at 11 26 to 11 50 for lambs amid generally weaker tone.
U S Department of Agriculture receipts show 5000 head cattle hogs and sheep at St Joseph. Hogs mostly 10 to 20 cents lower with top at 8.60, bulk 170 to 300 pounds 8.15 to 8.60. Cattle receipts 3600 head with good steers and yearlings firm to strong, many 1100 pounders 16.00, fat cows 6.25 to 8.50, stockers steady, vealers 14.00 top. Sheep slow but steady with best native and western wool types around 13.60 and fat ewes to 6.75.
Sioux City cattle receipts 7,500 head with fed cattle steady to strong and feeders active. Hogs 9,000 head down 10 to 25 cents with top at 8.60 and 160 to 200 pounds at 7.75 to 8.25. Sheep receipts 1,000 head bid 25 cents lower.
U S receipts show 20000 hogs with slow sale and 15 to 25 cent drop. Top hogs 8.80 and 150 to 170 pounds 8.35 to 8.50. 170 to 190 pounds 8.50 to 8.60. Heavier types 8.65 to 8.75. Night lights 7.75 to 8.25. Sows 7.50 to 7.65. Cattle receipts 7000 with calves 2000. steer quality medium, market not fully established. some loads 10.00 to 12.75. Dealers 15.50 up 50c. other killing classes steady to strong. mixed yearlings 12.50. medium killers 9.00 to 11.59. cows 6.50 to 8.00. low cutters 4.75 to 5.00. top medium bulls 7.25. Sheep receipts 4000 with no sales yet, indications steady to lower.
Peoria Illinois December 5 AP Hog receipts about 3500 head with prices down. Ton price around 8.80 with bulk trading from 8.40 to 8.70. Cattle receipts 200 head. Notice F C E meeting scheduled every Tuesday night with a big feed tomorrow night.
Several oils fell with heavy trading while distribution was seen in some issues. Yet key market leaders showed strength as railroads gas and traction shares bought intermittently. Liquidation hit United States Industrial Alcohol Atlantic Refining Continental Baking A Ward Baking B. Call loan renewals remained at 4 1/2 percent.
New York report notes steadier prices with subdued activity across list. The 15 million Irish Free State bonds were oversubscribed before noon while most listed bonds moved sluggishly except for select rail and industrial liens. Untapped public utilities and several foreign government issues showed easing tendencies as the day marked time.
The House elected Nicholas Longworth of Ohio as speaker by 225 to 187 over Finis Garrett with five members voting present. In the Senate a western insurgent group debates bolting the Republican slate over farm relief and other issues, while private talks aim to ease differences.
The Wellman Methodist Ladies Aid cleared 190 at annual dinner and bazaar. The 225 acre William Harvey farm near Wellman sold for 20000 to Barney Redlinger of South Prairie. Eunice Bell and Isaac Spracue wed at West Chester Methodist parsonage with both graduates of Wellman High School. Stella Gray to Iowa City for medical exam. Community club members enjoyed a dinner at I O O F hall. Edward Dafly family moving from Decorah to occupy the home vacated by John.
The Local Loyalty league named Thomas Middleton winner of the second contest for the 10 greatest steps in Muscatine’s development including sawmills, railroad, factories, waterworks, paving, and municipal lighting. Winners received $25 merchandise certificates with others Monday.
Perry-Louie Mays of Des Moines is billed to meet Battling Nelson of Waterloo in the main bout of a five match boxing card slated for tomorrow night amid reports of brush fires burning over 8 000 acres near Camp Baldy San Antonio canyon and a blaze believed under control after a 14 hour fight.
Mr Daily will resume his old job as brakeman on the Bumble Bee. Mr and Mrs C M Booth left Wednesday for Des Moines for a visit at the Theodore Booth home. Mr and Mrs Ponto of Charles City Ia were guests the past week at the Burrell Foster home.
Columbus Junction Iowa December 5 The house on the Mrs Frank Baker farm three miles northeast of Columbus Junction burned to the ground at 2 30 Sunday afternoon Mr and Mrs Max McDaniel residents on the farm lost all clothing furniture and canned fruit and vegetables They had gone to Wapello earlier in the afternoon called by the death of Mrs Meels grandmother Mrs Marjorie Massie The fire was discovered by Mrs Baker and son Verne Furnas who had gone out to the farm but it had gained headway The house had three rooms Columbus Junction fire company was called and with chemicals saved the large barn which was built a few years ago The northwest wind carried sparks to the barn where a hole was burned in it.
Foster Ill Dec 5 The Drury township corn show returns December 10 at Foster Baptist church with two divisions Boys Corn Club and open class Entries invited from all Drury farmers with corn samples due by 12 30 Saturday Judges will be selected by Sydney Carney County Advisor Rock Island A corn judging contest opens to all club boys Awards planned for both divisions.
The state weather bureau predicts cloudy and colder conditions for central east and north regions over the next 24 hours. Light snowfall Saturday into Sunday precedes a rise in temperatures with 22 degrees at 7 am and a river stage of 4.9, down five inches today.
Classified ad offers a four room upper flat for rent close in. Contact F. M. Ziegler the Insurance Man for details.
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