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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 11, 1929
Page
12
Chicago wheat prices tumbled more than 12 cents from last week's peak as weak export clearances and Liverpool and Buenos Aires price drops sparked selling. Wheat ended unsettled with declines of about 2 1/8 to 2 3/4 cents. corn and oats also fell, while provisions held firm to modestly lower.
Chicago December 11 livestock receipts for cattle were forecast with 7 000 head, sheep 13 000 head. Cattle demand lagged as 9 000 head appeared for a disinterested grade of beeves and steers under 11 dollars failed to attract major buyers. Hog trading showed little change with lights and butchers around 9.55 to 9.49 per cwt and packers holding 16 000 hogs direct and 4 900 staler hogs on hand.
Chicago markets report December dairy. Hog receipts 32 000 head with top prices 9.50 for 140 180 lb and 9.00 for 200 260 lb. Cattle receipts 9 000 head with steers and yearlings up to 16.00 for top calves steady to higher. Sheep receipts 14 000 head with fat lambs 12.50 to 13.25 and feeders 11.75 to 12.75.
Hog price report from Cedar Rapids and Des Moines shows bids for 180 to 350 pound hogs at 8.80 at Cedar Rapids and 7.90 to 8.50 for various lots. Des Moines receipts around 5,800 head with steady to 10 cent declines, prime and good packers bids noted.
Local grocers and markets post poultry prices ranging from 11 to 15 cents per pound for hens and springs with stags at 1 to 12 cents. Livestock quotes from Y F Saules Company Muscatine list prime butchers and packers with prices across weight ranges, including Ottumwa and Waterloo markets showing varied figures for pigs and cattle.
Omaha Nebraska December 11 AP U S Department of Agriculture shows hogs receipts 7 000 head with 560 direct slow market light hogs bids around 4 99 per cwt for 189 to 325 pounds. choice butcher hogs near 9 10. sows 6 50 to 8 50. cattle receipts 4 300 head with uneven demand for fed steers yearlings and bulls. stockers scarce. top cattle around 13 00 per 1 555 pounds. sheep receipts 9 000 head with lambs firm to higher near packers. best lambs 12 75. feeding lambs 11 50 to 12 00. feeder sheep and ewes steady.
Receipts total about 21 500 head with hogs mainly lower and moderate demand. Hogs: some lots at 9.25 to 9.25 for 210 to 269 lbs, other weights 8.60 to 8.15. Cattle: steady to weak with fed steers around 11.00 to 14.75 for 950 to 1300 lbs, cows 5.50 to 10.00. Sheep: lambs open strong then slow trading, top lambs around 12.40, heavy ewes about 6.0.
East St Louis market shows hogs at 25¢ lower on light 14 000 head. sow prices steady to lower. Barrows 250 250 Ibs range $9.00 9.40. calves, steers, and cows mixed with varied declines and increases. Cattle receipts 2 800 head. vealers up 75¢. yearlings 750 950 Ibs around $16.00. cows $6.50 10.00. Sheep 800 head, light demand, lambs around $13.00, ewes 4 5 to 6 00.
South St. Paul Minn Dec 11 cattle receipts 2700 head with slow demand. Fed steers and fat stock mixed yearlings held up to 13.00 with bulk 10.00 to 12.00. fat cows 6.00 to 7.50. heifers 7.50 to 8.75. cutters 4.59 to 5.00. bulls 9. Calves receipts 3800 steady to 25c lower with around 11.40 for bulk good lambs. Hogs receipts 23000 lighter with bulk desirable 9.15 to 9.25. light, pigs 8.50 to 9.00. sows 8.25. Sheep receipts 2000 slow start with lambs down 25c. ewes scarce 5.50 for short load 155 lb.
St Joseph cattle and sheep auction results show early sales 1 to 15 cents lower with slow later trade. Prices include top cattle at 9.25 for 190–280 lb, sows 7.75 to 8.25, calves 13 to 14, steers weak, butcher stock weak, cows 6.50 to 8.00, veals 13.50, western lambs bid about 25% lower with prices around 12.40 for fed westerns.
Department of Agriculture report shows cattle receipts 2500 head with steers yearlings and stockers steady to active. Hogs at 7500 head with early bids down. tops at 9.15 for 300 lb chosen. Veals and bulls firm. light stockers up to 11.0. cows 6.50 to 7.75. Lambs bid lower, desirable types above 12.
Hog receipts total around 4000 head with steady market. Top hogs bring 8.40 and bulk 9.29 to 9.55. Cattle receipts about 200 head. In Rock Rapids, Dick Arends of Ellsworth Minn and Edith Monry of Rock Rapids are held at Clarinda on a charge of contributing to the delinquency of a minor. Arends and a 16 year old girl are involved.
Chicago market review lists Wheat No 2 hard 1.22 and No 3 hard 1.75, No 1 northern spring 1.22 The corn table shows multiple grades from No 4 mixed 80 81X to No 6 yellow 77 79 and No 4 white 82 83 Sample oat prices appear at 45 46 cents. Rye sales unavailable. Timothy seed 35 50 46 75 and Clover seed 10 75 18 25.
Chicago markets show weak butter with receipts of 8 066 tabs and price ranges from 33 to 41 cents for various grades. Eggs steady with 2 573 cases and price levels from 37 to 58 cents. poultry alive steady with limited car receipts and various fowl and duck prices. Potatoes receipts and U S shipments noted. regional wheat and Russets priced by quality and region.
Raw sugar remains at 3.74 for spots duty paid with no sales. Refined sugar unchanged at 5.0 for fine granulated in New York trading.
In St. Louis on December 11, butter and diactese hold steady while other items shift. Unchanged except for springs, increasing 19 cents, and turkeys dropping 26 cents.
Kansas City report notes produce prices steady as of December 11 per AP. Unchanged readings reflect no shifts in key vegetable and fruit listings across the market, with buyers and sellers awaiting the next wholesale update.
Report from St Louis Missouri notes hay market activity with prices and trade expectations continuing into December. The brief item records early trading sentiment and regional supply conditions affecting buyers and sellers.
Chicago hay market notes a receipt of 37 cars unchanged from prior reading. The report lists the quantity as unchanged with no price or shipment details provided.
The Missouri supreme court affirmed Roy C. Toombs three year penitentiary term and a $3000 fine for issuing stock beyond the charter authority. Toombs, former president of the International Life Insurance Company of St. Louis, faced charges of unauthorized stock issuance.
A brief item notes two individuals eloped from a location on November 29 and were later located in Shenandoah.
Funeral services for William Lowry Kellogg were held at his daughter Mrs. G B Samuels home on Cedar Street conducted by Rev Ira B Hawley and Rev O C Frey. Burial followed at Greenwood cemetery with Iowa lodge No 2 A F & A M in charge of Masonic rites. Pallbearers named. flowers arranged by a group of women. Mrs Louise Heitz sang two hymns.
Reed reported Iowa crops value at 575 463 000 for 1928 with total including non livestock products. He noted last winter's severity and record snowfall affecting yields and praised 1929 corn yields and red clover seed harvests.
New York, Dec. 11 AP The stock market moved in an erratic pattern with early gains led by public utilities and oils, then uneven declines as selling pressure hit leaders like U S Steel General Electric and others. Wabash led gains in the active group with 54 points as some issues advanced on a volatile day.
New York December 11 The lightest bond market in weeks opened with listless trading and small changes United States government issues edged higher while treasuries turned up Rails showed firmness with minor gains and losses Investment bonds in utility and industrial groups remained steady with no notable shifts.
Settlement of 21 000 dollars plus court costs ends a 30 000 dollar suit by Newton resident Andy Emmert against the city of Grinnell over work on the sewage disposal plant. Emmert says changes in specifications delayed completion. city terminated the contract Sept 17, 1928 and used another contractor.
Mrs. Emma Belle Lines Heitmeier dies after four weeks bedfast at her Shellbark residence near Columbus Junction. Born March 4, 1864 at Sperry, she married E. H. Heitmeier Oct. 5, 1890 and leaves three sons Earl Mediapolis Clement Wayne and two daughters Circe Luke Ottumwa Bertha Willey Columbus Junction, two sisters Almira Lines Mediapolis and Charlotte Beere, seven grandchildren, and a Baptist church member. Funeral Thursday at 1:30 p.m. at home. Rev. B. F. Nay of Cedar Falls officiates. burial in Columbus City Cemetery.
John Young and his wife, both negroes, were accused of killing Otto Butler a prohibition agent and wounding George Danhour during a liquor raid in Cushing Oklahoma. County officials planned to file murder charges today in Stillwater and move the case swiftly through the courts.
In Spirit Lake Iowa the Milo Hartman trial enters its second day with John Hartman separately charged. Witnesses recount a string of incidents in the alleged business feud with Jasper Hartman and the Hartmans’ threats to ram rival boats on the lake last July.
CLASSIFIED ADS. REWARD for return of small yellow dog named Toby. Contact R. E. Henderson, 31 East Sixth. Phone 887.
Mr Fox urged Muscatine to push inland waterways as a growth engine, noting railroads dominated before 1900 and canalization of the Ohio cut freight costs. He cited Hoover’s support, the M V A as river development hub, and a 9 foot channel on the upper river as pivotal for Muscatine and neighboring industries.
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