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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 23, 1927
Page
8
Chicago trading sees a broad decline across grains with corn futures selling off sharply. Wheat and oats follow lower amid liquidation and selling pressure from traders and farmers. Provisions wobble with mixed moves while a USDA survey hints at more pigs this year but fewer sows to farrow next spring.
Chicago markets list grains with various No. 1 and No. 2 grades for wheat and corn, including prices for No. 1 northern spring at 1.28 1/4 and No. 2 at 1.27 3/4 per bushel, along with oats rye barley and seed prices and animal fats values.
Poultry prices furnished by Swift amp Co and Iowa Poultry Farm list hens Leghorns blacks and springs by weight with per pound rates. Livestock quotes from J P Squire Co show good butcher and packer meat prices across weight ranges from 180 to over 300 pounds.
Peoria Illinois cash corn closes 2 cents lower with No 2 yellow at 74%% to 4 cents, No 4 yellow 79%% to 82 cents, No 5 yellow 76%% to 78 cents, sample grade 64 to 86 cents. Oats fall by 1/2 cent with No 2 white at 6 1/3 to 5 1/2 cents and No 4 white 50 to 53 cents.
Butter prices rise with higher receipts 5356 tubs as creamery extras 49c standards 47c to 48c. eggs steady with 6729 cases on hand. poultry supplies—fowls 17 to 22c, springs 24c, turkeys 30 to 35c, ducks 18 to 23c. Potatoes 24 car tracks, U S shipments 510 cars. storage standards set for December and January with Refrigerator standards listed.
New York reports strong dairy activity on December 23 with Butter Firm receipts totaling 9 255 head and Eyes irregular at 11 774 cases. Fresh gathered grades range from 46 49 cents for extra firsts to 30 42 cents for seconds and poorer. Storage values show 35 36 cents for fancy and 34 32 to 35 36 for extra firsts. Nearby hennery browns extras at 56 cents. Cheese Firm receipts total 145 103 pounds.
St Louis market report shows butter and eggs mostly unchanged with small shifts. Poultry prices rise slightly for turkeys and assorted fowl while heavy hens and ducks adjust modestly.
In New York on December 23, raw sugar stayed quiet with no sales noted. Cuban duty paid price held at 4.65, refined activity sluggish with little new business. Fine granulated sugar traded between 5.70 and 5.80 as prices remained unchanged.
Live peas irregulars and chickens shipped by express across New York on December 23 in AP reports.
The Minnesota flour market reports shipments and price activity with Pistations and 44 601 figures indicating a 30.50 level. Prices show stable movement as shipments proceed through the period.
Copper stocks rose as Anaconda touched 60 I 8 cents and led a broader rally in express shares with Adams American and American Railways up 5 to 6 points. Pacific Coast first preferred gained 7 points while Continental Insurance fell 19 points to 305 amid persistent loan rate renewal at 4 1/2 percent.
In New York on December 23, evidences of pre holiday liquidation appeared in the bond market. Recessions were fractional, easy money providing a firm base. Italian issues bought with reduced force while government 7s hit near year highs. Domestic issues were quiet as Andes Copper 7s saw profit taking and New Haven 4s fell a point with some seed railway issues dipping.
Neighbors surprised Mrs. Dora Bannick and Mrs. Beryl Grings for birthdays as Wilton prepares for holidays. Rudolph Walters suffered a broken ankle when his car brakes failed and he tried to stop. Local schools close for holidays with Christmas programs and cantata. Church services planned for Christmas Eve and morning. Several state university and hospital students are home for the holidays. Des Moines report notes Ollie Thomas manslaughter case arraignment expected.
Chicago area livestock receipts show lighter runs than last week but firmer prices with a bullish trade. Hogs at 23 000 head with top hogs at 8.75 while cattle receipts total 2 000 and calves steady. sheep receipts around 5 000 with fat lambs 13.00 to 13.50 and ewes 6.00 to 6.75, amid brisk winter demand.
In Missouri on December 23 the U S Department of Agriculture reports hogs at 3000 head with prices up to 10 cents higher than Thursday. Top hog price 8.50 on 280 to 290 pound butchers. stock pigs steady. Cattle receipts about 400 head. calves and hens market fairly active.
Receipts include 1 500 head with steady to strong demand for western cattle and vealers. Prices cited: steers around 10.12 to 12.00, vealers steady, stockers fair, hogs and pigs mixed, with feeders and aged stockers trading in the 7.00 to 8.00 range.
Receipts at South St. Paul livestock yards show 1,200 calves and 800 sheep with calves steady to 25 cents higher than practice averages, slaughter hogs mixed, sows fair demand, and feeders slightly firmer amid week’s downturn. Bulls, cutters, and heavy stockers mostly steady. prices for cattle listed with per hundredweight ranges reflecting a slow market.
Receipts total about 4 000 hogs with activity strong and prices up 5 to 10 cents. Hogs top at 8.50 with feeders mainly 8.25 to 8.45. Cattle receipts near 1 000 head show steadier to higher values for steers yearlings and bulls, with top steer prices around 13.85 and short fed heifers to 10.50. Sheep and lambs demand up with 15 to 4% gains, wool lambs bringing 12.50 to 13.10 and fat ewes to 6.50.
Hogs receipts 3000. prices up 10 15 cents. Top $8.50. 210-320 lb $8.30-$8.45. 160-200 lb $8.19-$8.25. sow prices steady to 25 cents lower for smooth light weights up to $7.50. Cattle receipts 500. steers and yearlings up 50 cents to $1. short fed up to $13.00. cows $6.25-$8.50. bulls steady. vealers $11.00. stockers and feeders steady. Sheep receipts 4000. fat lambs steady to strong. 87 lb western clipped lambs $11.25.
Rural market report from East St. Louis Illinois shows hog receipts at 7 500 head with top prices around 8 9. cattle receipts 600 head with calves about 11 20 to 11 75 and wealers near 13 75. sheep receipts 100 head with yearlings around 10 50 and native lambs 13 25 to 5 00 for fats.
Receipts in Sioux City Illinois for cattle hogs and sheep show firm market for fed steers and yearlings at 9.00 to 17.25, hogs 10 to 25 cents higher with top at 8.40 and 160 to 200 pounds at 7.75 to 3.25, and sheep seeking 25 to 50 cents higher.
Hogs receipts total 3,000 head with a steady market. Top price 8.60, bulk buyers paying 8.20 to 8.50. Cattle receipts 150 head in Peoria Illinois.
Cattle values steady to higher with choice fed steers up 1.00 to 1.50 posted, spots 1.00 higher as last week’s drop recovers. Fat cows and heifers show strength amid limited supply, market tone firmer.
Receipts declined while prices rose 15 to 25 cents on heavier cattle and pigs with shipping demand narrowing before the holiday. Steers and better-grade cattle improved. fat cows 6.75 to 8.75, heavy bulls to 8.00, lambs up to 18.65 for light weights and 13.50 native tops, with sows and pigs also showing varied gains amid cautious demand.
The Commercial Bulletin notes the wool market remains fairly active with smaller volume. Prices show a hardening tendency though not clearly dearer this week, up about a cent in grease over the past fortnight. Domestic descriptions dominate business while the goods market stays healthy but not highly active. Spinners and combers are in a slightly better position.
J Houtz aged 72 died at his Wapello home this morning. Funeral by Rev G B Hawkins likely Saturday afternoon. Born November 18 1855 in Wapello his lifelong home. Wife Anna Leah died a year ago. Survived by son Charles Houtz and grandchildren Charles and Marie Houtz. sister Mrs Abe Hunsinger, all of Wapello.
John R Gardner aged 89 and lifelong resident of the area died at his Columbus City home at 9 o clock while working in the kitchen. Alex Green in the adjoining part of the house discovered him on the floor. He previously ran a restaurant and bakery in the community. World War Vet Dies Arlie Terry, a World War I veteran, died Thursday at Jefferson Barracks Missouri where he had been for treatment. He had served as section foreman for the Rock Island for many years.
Roland Iowa voters prepared to cast a fourth ballot on a light question after a one vote margin approved wholesale power from the Iowa Railway and Light Co. The first election is tied up in court over allegedly discarded ballots opposed to the proposal. Opponents contest the result and seek a new vote.
West Liberty residents host and visit relatives over Christmas with teachers, students and alumni returning home. Many travel to Detroit Pasadena Willard Thornburg Boone and Vinton. offices close Monday for the holiday. Community events include Christmas programs at the Methodist and Christian churches.
Roland residents anticipated a defeat for the plan and published notice of an election on the other proposal. Voters in Roland have already participated in four elections on the same subject in the past six months.
The clinic denies Legler's $55 000 claim for burns from improper use of an X ray machine in therapy. Attorneys Matthew Westrate of Muscatine and Dutcher Walker and Ries of Iowa City represent the clinic and Co R Stafford and J G Kammerer represent the plaintiff Legler in the suit.
Turin official confirms Donati reached 11,287 meters 38,792 feet in high altitude flight. He previously set a national record in July 9,743 meters while past claims by Callizo and Champion were questioned or tied to incidents and instrument checks.
Sioux City train master W S Bowen of the Chicago Milwaukee and St Paul railway since 1926 is promoted to assistant division superintendent with headquarters at Terre Haute Indiana as announced here.
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