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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 11, 1930
Page
12
Chicago traders faced another decline in hog prices as a 55 000 head run overwhelmed the market. Early hogs failed to top 8 dollars with lights at 7.90, while cattle steadied with choice heavies at 12 to 12.50 and short-feds at 8 to 10.56, as packers moved 12,000 hogs on direct billing.
Hog prices in Iowa markets show declines with Des Moines receipts at 2,900 head and overall quotes mostly 15 to 30 cents lower. Prime lights to heavies range around 6.55 to 7.50. good packers near 5.25 to 6.60. reports from Cedar Rapids Mason City Ottumwa Waterloo and Des Moines detail weights and price spreads for various hog categories.
Local grocers pay 30 to 33 cents for eggs with poultry prices listed for heavy and light hens, springs, Leghorn springs, and stags. Hog quotations from J P Squire Co Muscatine show ranges from 6.40 to 7.25 dollars per hundredweight across weight classes, with variations for extreme heavy and packers.
Chicago market reports hog receipts 55 009 head with bids 15 to 25 cents lower, top 8.00 for 146 to 180 pounds, cattle receipts 7 000 head with calves 2 000 head and mixed shifts. slaughter choices range 9.50 to 14.00 for steers 690 to 900 pounds, cows 5.25 to 7.00, vealers 7.75 to 10.50, stockers 5.50 to 9.00. Sheep receipts 19 000 head with early weakness, lambs 7.25 to 8.19 for good to choice, ewes 3.75 to 5.00.
South St. Paul Minnesota AP reports cattle receipts 140 head slow but steady with steers and yearlings around 8.50 and down cows 4.00 to 5.25 heifers 5.25 to 7.00 few fed offerings 8.00 4.50 calves 1 800 head bids steady 8.00 to 10.50 hogs 11 000 head lower than Wednesday bulk 7.50 top 7.60 light pigs 7.50 sows 6.50 to 7.00. sheep 4 000 head weak 25 cents lower with fat ewes 3.00 to 9.25 and best lambs around 7.65.
U S Department of Agriculture reports Omaha hog cattle and sheep receipts. Hogs 10 500 head 273 direct opened high lower 19 lower top 7 70 200 250 lb. cattle 2 800 head feeders steady fed steers 8 00 9 50 few to 10 50. heifers 8 00 9 00. bulls 4 50 5 25. stockers and feeders scarce. Sheep 7 000 head lambs 25 30c lower sheep 25c lower feeders steady with slaughter lambs 7 25 7 35 for best yews and feeding lambs 69 76 lb. average weights given.
Receipts total 8 006 hogs 2 000 cattle and 4 000 sheep with direct sales 630 hogs and stockers. Hogs uneven 10 to 25 cents lower than Wednesday with tops at 7 75 per cwt for 240 260 pounds. Cattle slow with weak to 25 cent lower quotes. calves and stockers mixed while heifers and cows show varied declines. Sheep market slow around 25 cents lower with best fed lambs at 7 40 and common ewes and feeder lambs easing to 2 50 3 75 and 5 75 for light grades.
Wheat for delivery in July fell to a fresh seasonal low as demand waned except for government backed storage. Corn weakened with wheat, though a Illinois Iowa survey suggested limited near term movement unless prices rise. Receipts at primary centers reached 991000 bushels. oats and provisions also declined.
Hogs receipts 450 head with prices 15 to 25 cents lower. Top hogs at 7.65, most 7.60 to 7.65, lights and pigs down to 7.40 7.60, sows 6.75 to 7.00. Cattle receipts 1200 head, calves 200. market soft for bulls and feeder stock, beef cows 4.25 6.00, heavy calves to 7.00. Sheep receipts 2,500. first lamb bids around 7.50, no early salesрест.
East St Louis market notes receipts of 17 000 hogs with prices down 15 to 25 cents. Hog and cow trade softened, lighter weights 149 to 160 pounds quoted near 0 7 9. 169 to 209 pounds around 5 7 9 to 6 0 5. Higher weights 250 to 350 pounds show 6 0 9 to 6 2 5 per hundred.
Chicago grain prices show No 2 northern spring wheat at 78 and 75 cents samples. Corn prices vary by grade from No 2 mixed 73 1/2 to No 6 yellow 66 1/4 to 69 1/2 cents. Oats range from No 1 white 25 1/2 to No 4 white 50 cents. Timothy seed 8.00 to 8.25 dollars. Clover seed 15.00 to 22.75 dollars.
Minneapolis flour shipments total 31 783 barrels with bran at 17 50 and middlings at 17 00 level. Chicago poultry receipts include 3 cars and 37 trucks with active prices for fowls springs roosters ducks turkeys and geese. Potatoes receipts 45 cars on track with 158 cars total U S shipments. no 2 russets unchanged while Wisconsin round whites near 1 40 to 1 60 and Idaho russets No 1 175 to 185 No 2 130.
Receipts show cattle herd at 2 500 head calves 1 200 head steer supply light with undertone lower on mixed yearlings and vealers. Slaughter steers 600 to 1100 pounds quoted 10.00 to 13.50 with various grades. heifers 550 to 850 pounds 8.00 to 12.00. cows 35.00 to 7.% low cutters 2.25 to 4.40. bulls 5.25 to 5.50. stockers 6.50 to 8.50. lambs 90 pounds down 7.25 to 8.25 with other weights 6.00 to 7.25. ewes 2.25 to 3.50. culls 1.00 to 2.50. Packers bidding 25 to 30% lower on lambs, steady on sheep.
The report lists butter, eggs, and creamery items with varied prices and scores, noting 2,438 cases of eggs and steady prices. It references futures and storage standards, including refrigerator standards and January and February figures, with multiple percent indicators.
AP report lists egg receipts totaling 12 604 cases with mixed colors and packing. Prices show various classes and quality levels from 21 to 34 cents, including refrig erator extras and Hennery Browns, plus 13 964 tubs of creamery butter with prices from 29 to 34 cents and 92 score extra.
In Kansas City prices for eggs hold at 36 cents per dozen with other produce unchanged according to an AP summary.
In St Louis, produce mostly unchanged with light hens and young turkeys mixed as noted. New York raw sugar holds at 3.43 to 3.56 per cwt while refined sits at 475, with minor moves indicated.
New York market report shows live poultry quiet and dressed turkey quotes inching 28 to 38 cents per pound with prices unchanged for the period.
The New York stock market eased after steady early trading with fair selling volume. Several issues slipped 2 to 6 points to new bear-market lows, while liquidation remained orderly. Notable losers included New York Central, Baltimore and Ohio, Norfolk and Western, Paramount, American and Foreign Power, Johns Manville, Case, Columbian Carbon, American Water Works, Worthington Pump, and Atchison fell 6 points.
The week’s decline in bonds continued with rails and industrials showing sizeable cuts while utilities held firmer. bargain bids appeared but fell short of offsetting the overall weak tone. Government notes traded actively with modest declines. Liberty issues saw heavy turnover as prices slipped from last month’s highs.
Bond department Muscatine State Bank provides quotations for New York bonds as of December 1. The report lists bid and asked prices for several securities, reflecting market activity and dealer interest.
AMUSE U presents Liliom with Charles Farrell Rose Hobart and H B Warner. Crystal screens Cock on the Walk with Joseph Schildkraut and Myrna Loy. Also showing Sugar Plumb and an Oswald cartoon. FOX PALACE offers East Is West starring Lupe Velez Lewis Ayres. Graham McNamee reports news reel. John Hix Strange As It Seems.
Police Judge H D Horst dismissed the affray charge against Joe Haynes after a preliminary hearing. Haynes and Martin Santee were arrested after a Cedar Street brawl between Second and Third streets. Santee received a 10 day jail sentence, Haynes claiming self defense against Santee’s strike.
R F Smylie returned from Chicago with Duroc Jersey hogs earning three seconds two thirds three fourths and one fifth premiums. Hogs claimed multiple class placements ahead of grand champions. Iowa entries were notable with only Smylie’s herd bred on his farm. Louisa Four H exhibitor Kathryn Schomberg sold an Angus calf for 17 cents per pound, Rex Hanft and Eugene Gockin also showcased calves with solid prices. Friday basketball features West Chester Columbus high schools with boys game at the local gym and a girls preliminary.
Myron Martin 31 of Fort Dodge Clarence Perry 19 of Clarion and Harris Damon 18 of Holmes were fingerprinted in Des Moines after being extradited from Texas. They face charges for robbing the Peoples Savings bank at St Benedict and attempting to rob the Austinville bank. Sheriff H W Burma will deliver them to Allison for arraignment. Risden credits arrest with solving northwest Iowa robberies.
In Grand Rapids Michigan AP report describes Mr and Mrs Frank H Kings who rigged a poison gas scare to deter burglars. They left signs stating this house is filled with poison gas causing neighbors health department signs to appear. Police will take no action after Kings spent the night away.
Chicago AP report Marco Magnabosco 38 was shot to death by a caller at his home as his family ate breakfast. Four bullets struck him. the assailant vanished. Magnabosco owned three buildings and had been unemployed for two years.
W C Anderson, a West Liberty farmer active in fair boards, outlined cooperation between fair associations and Four-H clubs at the fifth annual father and son banquet for vacation agriculture students in Muscatine. Seventy-seven attended as educators and club leaders shared views on club work and recent Chicago livestock shows.
In Washington AP dispatch chiefs of 21 railroad labor groups backed shorter work time after a three day conference. D B Robertson of the Brotherhood of Railroad Firemen and Enginemen urged prompt action but did not specify methods to achieve the reduction.
All officers of the Iowa state fair board were re elected at the closing meeting of the state agricultural convention. C E Cameron Alta was named president J P Mullen Fonda vice president A R Corey Des Moines secretary. Board members include E T Davis Iowa City Paul P Stewart Maynard C E Beman Oskaloosa J C Beckner Clarinda and Sears Mc Henry Denison.
Washington AP reports a national constitutional convention adopted resolutions for government controlled dispensaries to handle liquor. The plan calls for amending liquor laws to permit manufacture transport and sale of wines and beers with non intoxicating alcohol content. Dispensaries would not be in states with existing liquor bans and limit one per town under 50 900 population.
Mrs. Maria Sophia Anderson of Rockford Illinois marked her 90th birthday today having never attended a moving picture show or eaten in a restaurant.
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