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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 09, 1927
Page
10
Favorable weather for curing and husking weakens corn markets as primary corn arrivals rise and exports show slight gains. Wheat rallies on firmer Liverpool markets and better export demand, despite corn weakness. Kansas City, Chicago and Omaha report higher carload receipts, signaling ample supplies.
The Saylor Weichelman report quotes are provided by Saylor and Wichelman. Wire connections involve Jackson Bros and Co of Chicago and New York. Phone 2524.
Chicago cash grain prices show quotes for wheat No northern spring at 1.30 and corn with multiple mixed and yellow classifications ranging from No 3 to No 6, white and sample grades, including old and new crop listings with various cents per bushel values and decimals. Oats quotes cover Nos 2 to 4 white with cents per bushel values.
Poultry prices from Swift & Co and Iowa Poultry Farm list hens four pounds and over at 17 cents. Leghorns and blacks at 13 to 14 cents. springs 4 pounds and over at 19 cents and under 4 pounds at 15 to 14 cents. Eggs at 43 cents. Hogs quot ed daily by 3 P Squire Co with good butchers 300 pounds at $8.20, 200–250 pounds at $8.55, 180–260 pounds at $7.85, 250–309 pounds at $7.45, and heavy packers at $7.20.
Chicago daily market notes show butter receipts at 4 429 tubs with various grade prices. Eggs and poultry steady with mixed quotes. potatoes track on market with weather affecting sales. Futures cited for butter and eggs with December January and February positions.
New York produce notes show butter receipts total 7 158 tubs with creamery prices rising to 53 cents for extras and 52 1/2 cents for 92 score. Pegs steady as cheese receipts reach 185 219 pounds and cheese shipments noted at 10 257 cases for the period.
In St Louis on December 9 eggs and cheese remained unchanged. Poultry stayed the same except for springs with a 24 cent price at the lower end.
Kansas City Missouri December 9 AP report lists prices for produce and poultry. Fees Firsts 40 cents candles current receipts Sic ducks 15 cents age. Other produce values appear unchanged.
New York market figures show live poultry irregular with chicken prices 19 23c by freight 30 38c by express and fowls 20 26c by freight 18 28c by express. Turkeys listed at 35c freight and 40 42c express. Dressed poultry steady with ducks western 20 29c and geese western 20 26c.
New York sugar markets report a shift as Cuban holders seek a 1-16 cent advance. No change in refined sugar with prices listed from 5.60 to 5.80 for fine granulated.
Minneapolis flour market notes mixed prices with various grades and bid quotes. Kansas City hay market report appears alongside regional price references, dated December 9.
Winter weather boosted demand for feed across most regions with prices for corn and oats about 3 cents higher. Retail stocks were not large and most offerings moved quickly into channels while Pacific coast markets stayed firm despite higher mill feed output in the Pacific Northwest.
Hog prices climb to the $9.00 level with lighter weights up 15 to 25 cents. Heavy and medium hogs show gains while cattle stay at the year’s peak, with prime stock above $18.50 and loads mostly selling from $13.00 down.
Market notes show sheep receipts near 14 cars with fat lambs steady to firm and wethers stronger while overall prices hover around 7.50 to 8.35 and cash bids around 8.00 for various grades. Native fat lambs remain scarce as buyers maintain cautious bidding.
Receipts: cattle 4 000 head and sheep 8 500 head. Fed steers and yearlings steady while slaughter cattle weak to 25 cents lower. Hogs steady to 10 cents lower with top 8.70 and lighter weights 8.25 to 8.55. Lambs steady to 25 cents lower, heavy offerings show pronounced decline.
New York stocks firmed as large buy orders drained earlier weakness. United States Steel traded around 140 1 4, General Motors near 137, Calumet and Arizona about 95 3 4, United States Industrial Alcohol at 100 1 4, Green Cananea Copper 121 1 2 after a surge from 115, with call loans steady at 4 percent.
U S Department of Agriculture report shows hogs 15 to 25 cents higher on better demand, top at 9.00 with various weight groups quoted. Cattle receipts 2,000 head with fed steers steady to firm and top around 15.25 for 1 145 pounds, calves steady, stockers and feeders moderate demand. Sheep receipts 10,000 head with early slow trading, lambs around 14.00 and best handyweights near 14.50 while sheep and feeders hold steady.
Kansas City markets show hog receipts at 2000 with prices up to 8.75 for heavy hogs and 8.50 to 8.75 for 190 pounds. Cattle receipts 2500 with beef steers steady to strong and yearlings around 18.00. Sheep and lambs feature active lamb demand with 86 pound lambs at 12.78 and ewes at 6.69.
South St. Paul Minn December 9 cattle receipts 1700 head market active across classes with uneven gains led by steers around 75 to 1125 and Canadian car values near 19.25 to 11.00 with some as low as 12. Bulls and cutters limited activity hogs 6500 head noted strong demand stockers and feeders light activity calicoes and other categories show steady to weak moves.
Department of Agriculture cattle and hog receipts total about 11 000 head with light hogs and underweights active showing 10 to 15 cent gains. Medium and heavy hogs moved slowly with best loads around 9 15 to 9 00 per cwt. Vealers and calves steady to mixed, lambs at 13 75 to 14 00, cows mostly 4 50 to 8 00, market indications steady with barely enough stock to meet demand.
New York reports negligible price changes in the bond market with smaller trading volume. Railway bonds led activity with fractional gains in Canadian Pacific 4% s, Chesapeake Corporation 5 8, and Erie 5s, while Rock Island 4% and Missouri Pacific 5s posted slight losses. Industrial and public utility sectors remained quiet as federal securities stayed subdued.
Cattle receipts near 1000 head with killers steady and feeders weak in Sioux City Iowa. Hogs meet steady market with top at 8.70 and sows to 98.00. Sheep receipts around 5500 head with good lambs at 13.50 and prospects steady.
A fierce gale reaching 84 miles per hour battered the Great Lakes region. Vessels ran aground near Buffalo and Lake Erie while others were torn from moorings. Homes and boathouses on Lake Erie's south shore were destroyed and one death occurred in New York City. Flood damage spread to Massachusetts New Hampshire Vermont and Connecticut coastlines. Des Moines predicted near freezing temps ahead.
Peoria Illinois December 9 AP hog receipts 2000 head market slow to steady with top 8.75 and bulk 210 to 320 pounds 8.50 to 8.75. Sows steady to 25 higher with bulk 7.25 to 7.75. Cattle receipts 699 head with killing classes steady good 1237 lb steers 14.50. other steers and yearlings 19.25 to 22.50. choice cows 19.00 and down. veal top 14.00. Sheep receipts 6000 head few lambs sold yearlings 10.50 and ewes 6.25 to 6.50. stockers scarce.
AP report from Peoria notes hog receipts 300 head with market steady. top $8.75 and bulk sellers between $8.40 and $8.70. Cattle receipts 200 head also with steady mood and prices not specified beyond market stability.
Cattle compares to last week with fed steers and yearlings unevenly lower but certain grades up 25c. Beef cows and heifers rise 25 to 40c. short load of top yearlings brings $18.00. Hogs run liberal with week’s top near $8.95 and most weights around $7.50 to $8.90. Sheep show steady handyweight lambs while heavy lambs fall. lambs and yearlings vary, with prices between $10.50 and $14.25 for select lots.
The Commercial Bulletin reports the eastern wool markets are less active but prices remain firm and rising. Manufacturers expect demand to grow, while foreign markets stay strong, and the Australian strike is settled. In the west contracting expands with 35 cents paid in Utah and nearly the same pounds under contract. Goods markets are quiet but firm.
Detroit reports more than twenty vessels overdue in the Michigan Great Lakes area as a two day gale lashes ships. No deaths yet but damage mounts. several boats are known to be crippled or in distress and feared for safety as storm eases slightly.
Mr Reed predicts a cloudy unsettled pattern with tonight and tomorrow near 16 degrees. Sub zero readings were reported last night in Dubuque 2 below and Des Moines 1 below while Sioux City was 2 above and Davenport and Keokuk 4 above. Local snow is expected tonight and tomorrow per the weather bureau.
Senate factions reach accord on several measures though split over sergeant-at-arms race. Reed signals opposition to Barry for failing to follow committee orders on Pennsylvania ballots. Curtis states he pressed five progressive senators for timely votes on three measures: form relief, curbing injunctions, and Latin America policy inquiry.
Washington reports a new federal prohibition record with 64 986 arrests in the last fiscal year, plus 15 093 more through state cooperation. Convictions reached 36 546 with 11 818 jail terms. fines totaled 5 775 225 dollars. Bureau notes efforts to remove denatured alcohol poison and notes declines in alcohol and wine production.
Senate lives are split over denying or granting the oath to Senator elect William B. Ware of Pennsylvania amid a controversy over campaign expenditures. A Norris resolution would bar immediate oath but allow an investigation and floor defense. Similar action followed Frank L. Smith of Illinois in a parallel dispute.
Representative McClintic of Oklahoma urged a congressional inquiry into Admiral Magruder's charges of inefficiency in naval administration. He said officers were muzzled to stop criticism whether true or not. Magruder was removed as commandant of the Philadelphia navy yard after publishing on navy organization.
A Chicago driver, Emil Gross, was arrested by Deputy Sheriff Frank Moran after his truck carrying 600 gallons of beverage alcohol became stuck in a snow bank six miles west of Portage Wisconsin. The cargo was headed for the holiday trade in southwestern Wisconsin and a major portion was to be delivered in La Crosse.
Cincinnati December 9 AP defense rested in Remus case this afternoon. Chicago witnesses praised Remus civil image while one witness said Remus was insane before the Eden Park shooting on October 6. Warden Snook described a visit by Mrs Remus with tense moments before his release from Atlanta federal penitentiary.
Berlin reports Dr. Paul Jeserich, age 73, Germanys foremost legal chemistry expert who solved forgery and murder mysteries with uncanny skill and patient method.
Classified note states hair cutting available at Hotel Muscatine Barber Shop by Jack Bodkin with a rate of 25 cents.
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