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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 17, 1927
Page
8
Wheat rose late amid firmness in Buenos Aires and Liverpool quotes, while corn weakened on Iowa yield talk. Prices closed mixed with wheat up 1/8 to 1/4 cent, corn down 5/8 to 11/8 cent, and oats fluctuating. Trade was local and uncertain with generally favorable belt weather. The 1927 crop final estimate due late Monday.
The Chicago cash grain column lists wheat No 1 northern at 1.29 per bushel and corn values for No 5 mixed No 6 mixed No 3 yellow and other yellow and white corn grades, oats No 2 and No 3 white ranges, timothy seed at 22 to 29 dollars, lard at 11.3 to 14.66, bellies at 11.75, with various percentages noted for grade mixes. The data reflect daily bid prices and grade distinctions for futures-like cash trading.
Cash corn closed higher with gains across grades. No 3 low at 88 3/4 cents, No 4 yellow 83 7/8, No 5 yellow 86 1/4, No 6 yellow up to 85 1/4 cents. No 3 mixed 87 to 84 3/4 cents. Oats rose fractions with No 2 white 54 to 55 cents and No 4 white 54 1/2 cents.
Wheat prices in Chicago fall 2.5 to 3.5 cents as traders watch Argentina for demand and supply shifts. Corn slips 1 to 2 cents, oats gain modestly, and provisions vary. Trade officials note spare Canadian and U.S. wheat finding solid buyers and expect gradual world supply reduction ahead of 1928 US crop. Hog values hit new lows since 1924, pressuring provisions.
Swift and Co and Jons Poultry Farm provide prices for hens leghorns and blacks in various weights and fowls. Hog quotations from 300 lb butchers to 180 lb packers show prices ranging from about 6 to 9 dollars per hundredweight, reflecting daily market rates.
Chicago notes mixed dairy and poultry prices with butter at 10.235 tubs and cream standards around 48 cents. Poultry markets show firm live fowls and firmer turkeys, while potatoes on track with 180 cars received. Receipts total 4 131 cases with unsettled butter and storage standards mentioned for December.
Receipts in four cities closely compare to last week with slight declines in egg and butter prices. Chicago firsts eggs quoted at 42 cents, down one cent. New York extras fall two to three cents a dozen. Live poultry movement varies by region due to weather and road conditions while overall central west supply remains adequate to meet demand.
Kansas City brief reports current receipts for fresh produce with Firsts at 35 cents and seconds at 24 cents per unit, canned goods at 33 cents, while other produce remains unchanged.
New York on December 17 AP reports butter firm with receipts 11 686 tabs. Egg receipts 17 784 cases, eggs in storage seconds to firsts 30 31 cc. Cheese receipts 156 674 lbs.
New York, Dec 17. Live poultry nominal. Dressed poultry firmer. Ducks, geese steady to firmer. Western ducks and geese 23 to 25 cents, upper range.
AP reports raw sugar advancing 132 of a cent to 4.65 a pound on Cuban duty paid basis. Refined sugar remains unchanged around 5.60 to 5.70 for fine American refined product.
Butter merchants in Chicago report prices at current levels are high enough. Buyers and sellers exercise caution with purchases limited to urgent needs. Active buying could push prices up as supplies match light demand. Few expect production gains until January while storage butter sells well.
Minneapolis flour market notes unchanged shipments at 44,119 barrels. Bran priced at 39.25 and 29.75.
New York stock market shows strength amid weekend realizations with heavy volume trading. Copper, public utilities, tobacco and merchandising issues lead gains as Anaconda Calumet and Arizona Chile Greene Cananea and Nevada hit new highs. General Motors and U S Steel dip on profit taking while Western company stocks lift public utilities. Close strong with about 1 400 000 shares traded.
New York reports easy bond prices with moderate recessions as easy money keeps holders from selling. Notable activity centers on Baltimore & Ohio Erle 5s and Frisco income bonds, while Philadelphia Company 52s and Goodyear 5s attract some attention. U S government securities remain dull and the foreign group looks neglected.
The weekly report from New York indicates excess reserves of 138 million 281 thousand 560 dollars for clearing house banks and trust companies, up from 18 million 095 thousand 550 dollars last week. United States bonds closed with Liberty in 101.20 and Liberty 4s at 115.15.
Chicago livestock prices show hogs in fair demand with steady to strong values as heavy butchers sell well. Fat steers and yearlings fall, fat lambs weaker. limited fresh cattle stock and ongoing pressure to hold back supply. Feeder steers hold value amid mixed quality. several loads sold around $10.25 to $11.75, with occasional higher prices.
Hog receipts 5000 head trade active market steady to strong with loads of butchers at 8.55 top. bulk 210 to 390 lb averaging 8.25 to 8.50. Cattle receipts 400 head fat steers and yearlings 750 to 2.00 lower. heavy break on killing classes. Sheep receipts 3000 head showing light sale. week’s tops for fat natives and fed westerns at 14.25. yearlings 10.25 to 11.00. fat ewes 6.00 to 6.75.
U S Department of Agriculture market notes show hog receipts around 500 head with steady to firm bid compared with yesterday. Hogs moved mostly 7.40 to 8.10 for various weights, packing sows 6.75 to 7.35. Cattle receipts about 300 head with calves 100. week‑to‑week declines for steers yearlings and slaughter heifers 50c to 1.00, cows 25 to 50c lower, bulls steady to weak. Top week prices: yearlings 16.00, matured steers 15.25, short fed 10.00–13.00, stockers 8.50–11.00. Sheep receipts none this week. fat lambs 66c to 1.00 lower, tops 13.10 native and 13.50 late, western fed 12.25–13.15, heavies to 12.00, wool sheep 6.60, bulk 5.75–6.25.
Receipts reach 2 800 head with most classes down 25 to 35 cents from a week earlier. Heifers and other classes show limited activity with slow bidding. Slaughter steers and heifers mix in tone as bulls hold steadier and yearlings sell around store prices.
A damaged OCR fragment reports lambs, wool prices and feeding figures. It mentions a price around 14.20 dollars and 12.65 for feed or wool related items with unclear context.
Receipts total 3,500 head with top heavy steers bringing around 13.50 and 12.60 for others. Feeder and feeder calf values around 10.00 to 12.60 with lambs down about 50 to 70 cents and ewes around 6.50. Sheep were steady to 25 cents higher, range feeding conditions noted.
Receipts: hogs 3000, cattle 100, calves 50, week trends mixed. Hogs steady to firm with top 8.10, sow prices around 6.15 to 7.25. Cattle with steers and heifers 50c to 1.00 lower, cows 25c lower, vealers and feeders down 15c to 25c. Sheep receipts 3000, market steady with fat lambs 12.75 to 13.25, clip lambs 11.75, feeding lambs down 50c to 75c.
East St Louis reports hog receipts 4500 with higher prices 5 to 20 cents. light and heavier hogs quoted from 7.75 to 8.50. Cattle receipts 250 with steers and yearlings down 50 cents to 1.50, heifers steady, top steers 17.00. cows 6.50 to 8.00. calves 150 heads. Sheep receipts 250 with fat lambs and yearlings 50 to 75 cents lower, native lambs 13.00 to 13.25, westerns 13.25 to 13.50.
Sioux City IA December 17 AP US Department of Agriculture cattle receipts 500 head fed steers and yearlings 50c to 1.00 lower best 16.50 bulk short fed 11.00 12.50 cows and heifers 25 to 50c lower cutters veals 1.50 lower top 11.50 bulls steady stockers and feeders 50c lower feeding cows and heifers 25c lower hog receipts 3000 head market steady top 8.00 few 8.10 bulk 7.50 8.00 160 200 lb 7.50 7.85 210 300 lb 7.85 8.00 sows 7.00 7.25 stags 7.00 pigs mostly 7.00 7.50 sheep receipts 100 lambs 75c to 1.00 lower ewes steady Too 12.65.
Peoria market reports hog receipts of about 1000 head with activity steady. Top price reached $8.40 while bulk animals sold from $8.15 to $8.35.
President Calles and candidate Obregon will join Lindbergh on flights next week. Obregon agrees to fly despite never piloting a plane, saying the trip could strengthen international relations. The two will ride in a two seater plane borrowed from a commercial company.
Clarence D. Chamberlin told the Providence Tribune he is planning another trip to Europe using a water landing aircraft and hopes to fly back to the United States afterwards.
A blaze at Hospice St Charles caused $260000 in damage with four walls left. Police reported two men seen near the yard before discovery. Coroner's jury returned an accidental death verdict though Fire Chief Donnelly said a night watchman could have reduced fatalities.
In Columbus Junction Iowa on December 17 Mediapolis defeated Columbus Junction 22 to 17 as all but one Mediapolis score came from long shots. Baker led Mediapolis with 11 points while Manley and Howell starred for Junction. the contest was notably clean with Mediapolis up 11 to 9 at halftime.
Ottumwa Iowa December 17 George Giltner federal prohibition agent said no charges would be filed against the Elks clubs of Keokuk Iowa City and Ottumwa that were raided recently He added raid records would go to U S attorney Ross R Mowry for further investigation Four agents found four ounces of liquor and a bottle of near beer at the Ottumwa club and liquor seized in Iowa City and Keokuk was stored for removal to Davenport.
Invitations went out for the December 29 wedding of Leona Ruth Snyder to Edwin Floyd Faris of Fairfield, son of E H Faris. Faris’ Brighton store owner father and Fairfield branch employment are noted. The Morning Sun column also reports club meetings, elected officers, a new L S C club, school closure due to icy roads, Mrs Ella Hancock’s winter plans, Dr H M Griffin’s volleyball injury, and the retirement of D R Jones’s big drag team horses.
Lone Tree updates show Miss Pearle Burr replacing Miss Lucy Kirchner at Lone Tree Savings Bank. Mrs. Walter Albright visits from Iowa Falls with her daughter Mrs. Richard Baker. Charles Cerny returns from Iowa City and Charles Attig comes back from Wellman. Reformed church bazaar earns over $313. Elizabeth Kirkpatrick travels to Iowa for a multi day visit.
Mr and Mrs Robert Russell were called to Oakville for the critical illness of his father Elwood Russell who attends the University of Iowa. Mrs H O Pease recovering after a stroke with some improvement. Mary Jane Shaw eight ill with pneumonia. The five year old son of Mrs Lewis Brown seriously ill in South Wapello. The Rev C E Burdine and Leo Plumb attended a Masonic school in Muscatine. Mrs Lillian Bowden left Davenport after visiting Frank Stewart. H W Baker left for Sibley en route to Grundy Center to visit his son William.
Des Moines December 17 Judge Truman S Stevens has been named chief justice of the Iowa Supreme Court for 1928. He took the oath and will start Jan 1 succeeding Judge William D Evans The rotation among justices repeats yearly He is entering his eleventh year on the bench and is noted as a hard working jurist who starts at seven and rarely leaves the state house before five.
Washington reports a nearly one third of one percent drop in wholesale prices for November. The BLS index fell to 96.7 from 97 in October, and compared with 98.4 in November 1926. Farm products slipped slightly, foodstuffs rose, with 157 commodities up, 154 down, and 239 unchanged.
After a veterinary attempt failed to aid two distressed animals, authorities determined no treatment possible and the creatures were euthanized. The incident prompted a review of rescue procedures and care options.
Members attended despite poor roads and enjoyed a noon dinner. Officers elected for the Royal Neighbors at Woodman Hall include Oracle Minta Smylie and other key posts. Details list past and inner sentinels, chancellors, and managers.
The Anna L. Duncan Short horn sale topped at 126 dollars with 25 head sold and cows and heifers averaging 90. L. A. Guy & Son of Brighton bought 12 head. Rural mail is mostly by horse due to road conditions. Community members and visitors attended birthdays and funerals, shipments to Chicago included cattle and hogs for Robertson Bros and others, and local lodge officers for the Silver Leaf Rebekah and Woodmen camp were elected with installations planned for January.
Reginald Denny’s latest release On Your Toes screened at the Palace to a small crowd and praised as Denny’s best picture. The feature blends dance, action and humor with Denny in many engaging roles, promising real entertainment Sunday Monday or Tuesday.
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