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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 13, 1927
Page
10
Latest stock and grain markets show bulls steady while others weaken. Receipts 20,000 head with fat lambs 25 to 65 cents lower and bulk fed lambs topping at 13.00. Feeder and stocker prices range, with cattle bids from 6.75 to 16.00 for various classes.
Liquidation sales by holders pressured grain values with futures closing lower across wheat corn and oats. Chicago reports show supplies up globally while speculation suggests corn returned to the pit. weather forecasts were generally fair and colder with provisions dipping on hog and corn trends.
The Chicago market notes wheat and corn prices with bid ranges for multiple grades. Prices show No 2 hard wheat at 1.29 and various No 3 to No 6 corn and yellow and white corn grades priced from about 78c to 90c, oats, rye, barley and seeds also quoted, reflecting a broad commodity snapshot.
Furnished by Swift & Co and Iowa Poultry Farm provides prices for hens four pounds and up at 17 cents, leghorns and blacks at 13 cents, springs four pounds and up at 19 cents, under four pounds at 15 cents, and cocks at 16 cents. Livestock hog quotations from J P Squire Co list good butchers and packers with weights and prices from 6.50 to 7.90 per hundred pounds.
Butter receipts 8 105 tubs with prices for standards and extras. Egg receipts 5 297 cases with firsts and ordinary firsts. Poultry live market steady to weak with hens springs and fowls prices listed. Potatoes receipts 81 cars on track 254 cars traded slow with prices for Wisconsin Minnesota North Dakota Idaho russets. Closing futures for butter and eggs noted.
Butter steady with 9,196 tubs received. Eggs irregular with 17,630 received and stored. Extra firsts egg prices 34 35c, firsts to 56 58c for whites, 48 55c for nearby and 40 44c for pallets. Overall receipts total 71,251.
Kansas City Missouri December 13. Auction notes show base prices at 239c for candled eggs and fat at 45 cents with premium quality. Other produce remains unchanged as reported by AP.
New York sugar markets show raw sugar prices easing by 1 32 cents with refined steady. Quotations for fine granulated sugar ranged from 5.60 to 5.80 per pound amid the steady tone in trading.
Minneapolis flour market notes no change in prices with bran listed at 30.50 to 31.00 per barrel. Shipments totaled 49,407 barrels in the session.
Des Moines sends state wide reaction after the state board of conservation files with the state executive council a resolution opposing the construction of a dam on the Des Moines river below Jo Point about a half mile above Woodman Hollow in the Dolliver State vicinity.
Chicago on December 13 reports hog bids and early sales down 10 to 15 cents with a slow market. Choice butchers steady around 8.40 to 8.50 while good packing hogs bring about 7.60 and lower as sellers fail to halt declines.
U S Department of Agriculture cattle receipts about 3000 head with slow opening and weaker price action. Hogs around 25000 head show about 25 cent declines from Monday with tops near 7.75 and lighter weights near 7.50 to 8.25. Sheep receipts 1500 with lambs down 25 or more and bid 11.00 to 13.00 for heavies to 9.50 10.00 for culls.
East St Louis December 13 AP U S Department of Agriculture hogs receipts 15000 head light lights and light weight hogs up to 25 cents higher bulk 160 to 200 pounds 8 25 8 40 top 8 45 130 to 150 pounds 7 55 8 15 good 90 to 130 pound pigs 7 00 7 75 packing sows 7 25 7 35 cattle receipts 5500 head calves 2060 head cows low cutters and medium bulls steady wealers 50 cents lower at 14 25 little done on other classes undertone weak cows 6 50 8 00 low steen mainly 4 75 top medium bulls 7 50 sheep receipts 5000 head liberal run native lambs nothing sold early bidding sharply lower
A rapid selling wave pushed Wright Aeronautical nearly eight points to 87 before pool managers intervened and lifted it back above 90. The decline briefly slowed overall gains, though money moved into other issues, notably sugar stocks, as call loan rates stayed at four percent.
W. M. Calladay announced here that a license matter in another state has been resolved.
Amid a flurry of informal political conferences in Des Moines visitors from the legislature included Senators E. E. Cavanaugh Fort Dodge Frank Shane Ottumwa Lars J. Skromme Boland and Representatives Fred C. Lovrien Humboldt Clarence Knutson Clear Lake W. E. G. Saunders Emmetsburg and Frank Hollingsworth Boone Shane a candidate for lieutenant governor is expected to oppose incumbent Clem F. Kimball Council Bluffs in a friendly race between longtime friends.
Irregular price swings marked the bond market as trading opened in New York on December 13. Bonds found support from easy money, with a few brisk advances noted such as Liquid Carbonic 6s up over a point from the year’s high and International Telephone 4 1/4s holding firm. The foreign group was quiet and easing tendencies dominated the federal government sector with limited volume.
Hogs receipts reach 9000 with slow trading and prices down about 26 cents. Early top at 8.10 for 200 to 290 pound butchers, 7.85 to 9.95 for 150 to 199 pounds. Cattle and calves show mixed moves with few sales and lower quotes. fat cows around 10.25 to 12.00 for short fed stock. Sheep volume 7590 with slow demand and fat lambs down 25 cents or more, desirables above 12.85.
Des Moines coroner reports soldier Oscar Brown of Missouri line died Sunday from a fractured skull ruled murder with an inquest planned and three held for investigation. Iowa Insurance Service Bureau proposes a 15 percent fire insurance rate increase effective immediately. Farm policies remain unchanged if owned. Iowa Farm Bureau Federation heads Sam H. Thompson and Charles E. Hearst to speak at annual meeting January 11 to 13. Bond posted for ex bankers T H Read and son Henry in Shenandoah case involving misapplied funds and false bank report. Fort Dodge coroner rules fatal shooting of wife by Walter Scherff on December 5 accidental. Dubuque agreement allows motor trucks to traverse Iowa and Wisconsin on business missions without separate permits.
The article outlines potential candidates in the Boone Story senatorial district with Hollingsworth seeking a second house term, Doran Criswell Locker and others discussed as possible contenders. It notes Knutson as heir apparent in his district, Lovrien aiming for a state seat, and Polk County facing a likely new house delegation in 1929. It also covers impending Iowa Supreme Court races with Stevens Evans Kindig and Wagner seeking terms.
Sioux City Iowa December 13 AP report shows cattle receipts at 3 500 head with prices weak to 25 cents lower for fed steers yearlings cows and heifers grass cattle and veals. Hog receipts 11 000 head mostly 25 cents lower with top at 7 90 and sows to 7 40. Sheep goats and other categories noted with lower bids and broad price ranges.
Peoria Illinois market notes show hog receipts 2,500 head with prices about 100 cents lower. Top hogs brought $8.40 with bulk selling from $8.00 to $8.30. Cattle receipts were about 100 head.
U S D A report from Chicago shows hog receipts 58 000 head with prices generally 25 cents lower. 160 to 200 pounds mostly 7 75 to 8 00. cattle receipts 13 000 head with fat steers 11 75 to 14 50, strictly choice around 18 00, bulls up to 8 00. sheep and lambs weak with best handy weights at 14 00.
U S Department of Agriculture report shows cattle receipts at 13 099 head with most early bids unevenly lower while slaughter cows drop 25 cents. Hogs at 11 509 head ease 10 to 15 cents with top 49 to 260 pounds at 815 dollars. Sheep receipts near 10 900 with lambs 25 to 35 cents lower and top lambs about 13 15.
Hogs receipts 8500 market slow and mostly 15 to 25 cents lower. Top price $8.00 with bulk 290 to 370 pound butchers and lighter weights $7.50 to 7.75. Packing sows mostly $7.90 to 7.25. Average Monday cost $7.88. Cattle receipts 19509 fed steers and yearlings slow and mostly 15 to 25 cents lower. Sheep stock uneven with choice shipping grades about steady.
New York AP reports Lloyd Hahn of the Boston Athletic Association will attempt the iron man feat at the next Olympic games by entering both the 800 and 1500 meter races. He recently defeated Edwin Wide and seeks two wins in the classics.
Columbus Junction resident William Gamble died at Cedar Rapids hospital Sunday night after a paralytic stroke in October. He was 69 and had lived in Columbus Junction most of his life. Survived by six siblings, the body will be brought home Tuesday afternoon, with funeral Wednesday at the Hooker Gamble home and burial in Columbus City cemetery.
The William Boyd farm house, eleven miles northwest of Columbus Junction Indiana, burned at 11 o clock Sunday morning. Mr Boyd, his sons Sam and James, and wife were away visiting when neighbors found the flames. The fire destroyed everything except their clothing. The house, a six or seven room story and a half, stood on the former Alex Albaugh property. Insurance partially covered the loss.
Governor Hammill will issue first of the year appointments this year. No vacancies exist now but just before July 1, 1928 a number of board and commission seats will need filling.
President Coolidge nominating Henry L. Stimson of New York as governor general of the Philippines. The appointment, a surprise as Stimson had been viewed as reluctant to take the post, follows the death of Major General Leonard Wood earlier this year.
Washington reports the slim Republican majority secured control of the standing committees of the senate today without any roll call. The move consolidates leadership without recorded opposition.
The hearing for William S. Mallory, a Hamp ton senior medical student at the University of Iowa, charged with possession of improperly labeled liquor, was continued until tomorrow. Mallory posted a $200 bond.
Help needed at Lincoln Cafe to fill a dishwasher position at 324 E 2nd Street. Apply in person. bring references if available.
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