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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 26, 1930
Page
8
Chicago reports 42 000 hogs sold today following a holiday buildup. Hogs weighing light sold 8.25 to 8.50 per hundredweight, steady with midweek levels, while heavier hogs moved 10 to 15 cents lower. Packers billed 17 000 hogs directly, with 1 000 from prior day carried over. Market observers expected receipts tomorrow.
Local grocers pay 27 to 30 cents for eggs. Poultry prices vary: heavy hens 14 cents, light 10, heavy springs 14, Leghorn springs 3, stage 8. Hog quotes from J P Squire Co Muscatine list Good hogs 109-140 lbs 6.80-6.95, 150-170 lbs 6.95-7.15, 180-210 lbs 7.15-7.40, 220-260 lbs 7.40, 260+ lbs 7.95-7.35, extreme heavy 6.45-6.95, butcher packers 6.15-6.30, heavy packers 5.95-6.20.
AP reports Iowa hog prices with price ranges from Cedar Rapids Des Moines Mason City Ottumwa and Waterloo. Combined 24hour receipts total 22400 at 23 yards and five plants down 10c from last week with most weights selling around 7.25 to 7.65 dollars per hundredweight and lighter lots at lower ranges.
The notice explains that shipments originating fifty miles or more from the destination, weighed without feed or water at delivery, typically sell for prices about thirty to ten above those quoted.
U S department of agriculture market notes show hog receipts near 000 head with weights under 226 pounds active steady to 5c lower for others. Packing sows steady with varied price ranges by weight. Calves and cattle receipts around 3 000 and 2 000 head with generally steady market and mixed demand for steers, heifers, cows, and vealers. Sheep receipts about 13 000 head with fat lambs active and higher, sheep and feeders steady, and feeding lambs strong.
Livestock receipts from St Joseph Missouri and East St Louis Illinois report hogs, cattle and sheep trading with mixed to steady action. Hogs at St Joseph top around 7.59 with most 140 to 250 lb hogs 7.75 to 7.90. cattle broadly steady with calves and yearlings around 8.65 to 10.50 for steers, and beef cows 4.25 to 6.00. sheep mainly steady with lambs around 7.75 and feeders variable. East St Louis shows 10 to 160 lb hogs 8.25 to 8.40, 200 to 250 lb hogs 8.05 to 8.35, sows 6.60 to 7.00, cattle steady with steers 10.50 to 12.75 for heavier weights and heifers 8.00 to 12.00. lambs around 8.00 to 8.25, ewes 2.50 to 3.75.
Cattle receipts 1,000 head with calves and yearlings showing slow to steady demand. Hogs 500 head with prices around 7.50 to 7.60 for 190 280 lb weights. Sheep 4,000 head with fat lambs steady and feeding lambs unchanged. prices listed for various classes.
Hogs receipts 12 009 head drop 10 to 15 cents with bulk 200 pounders averaging 7.80 to 7.85 per cwt and 200 to 300 pound butchers around 7.65 to 7.80. Sows 6.50 to 6.55, feeder pigs 7.50 to 7.75. Cattle counts 2 200 with killing classes steady and fed steers 9.00 to 10.50, heifers 7.00 to 9.75, stockers scarce, cows 3.00 to 6.00. Sheep receipts 9 500 lambs active, top wooled lambs around 8.25 to 8.50 with other classes steady.
South St. Paul Minnesota cattle receipts 2,200 head with openers slow but mostly steady across slaughter classes. Feeders and stockers unchanged as calves at 1,100 head show steady gains up to 10.50. Hogs at 9,000 head open slow but steady to 25 cents lower. top bids around 7.90 for 130-220 pounds and 7.50 to 7.75 for 259 to 318 pounds. Sheep and goats 350 head with light activity and a slight firming bias.
July wheat fell to a record low for the first time since 1896 with European selling and spread traders from Winnipeg. Corn deliveries also dropped to season lows, while old crop support came from government agencies.
Grain prices from Chicago show No. 1 hard wheat at 79 cents, No. 2 yellow corn at 65 1/4 cents, and various mixed and white corn grades from 57 to 67 1/2 cents. Oats range from 30 1/2 to 32 1/2 cents, with Timothy seed at 79.00 dollars and cover seed at 22.75 dollars.
Unchanged flour shipments in Minneapolis reported 27,095 barrels with Bran at 14.00 to 14.50 and Middlings from 13.00 to 14.00 as market figures.
Chicago reports steady receipts of poultry and eggs with 3 cars 11 trucks fowls prices roosters young turkeys ducks geese and prices listed. Butter and creamery items show weak tubs and various score classifications while potatoes and other produce trend steady with different regional varieties and futures for eggs butter listed.
New York markets show butter receipts at 13 901 tubs with steady tone. Creamery butter ranges 28 to 30 cents for various grades while current make No 1 at 22 to 23 cents and No 2 at 21 cents. Egg receipts at 12 058 cases with steady levels. regular packed extra firsts quoted 30 to 33 cents, firsts 26 to 28 cents, seconds 24 to 25 cents. Refrigerated firsts 17 to 19 4 cents, seconds 14 cents.
Poultry Hens 10 to 15 cents in Kansas City. Chicago Hay Market shows receipts 22 cars unchanged. Kansas City Hay Market reports 32 cars receipts unchanged.
Prices for lambs trade with strong demand as top quality fat lambs fetch about 8.50 or more while throwouts bring 5.00 to 6.00 and fat offerings range 2.50 to 3.50, signaling a robust market with varied lots.
New York traders returned to a quiet market after Christmas with prices drifting lower amid light offerings. Some merchandising stocks hit new lows while others declined modestly as investors anticipated weak holiday earnings and prepared for January reinvestment. Call money remained firm at 2 percent as year end demand pressured funds.
New York bonds opened post holiday in a dull, narrow trading range with shrinking volume. Rail bonds were steady, utilities eased slightly, and foreign issues showed little movement as 1930 ends, with investors awaiting clearer signs of improved business before expecting a rebound in fixed income securities.
The Sears Roebuck and Company board declared the usual 62 cent cash dividend payable February 1 to stockholders of record January 9. The quarterly stock dividend of 1 percent had already been declared.
The Commercial Bulletin of Boston reports a dull wool market with few purchases focused on fine and half blood wools. Prices remain largely unchanged while medium wools are neglected. Foreign markets are mostly closed for holidays and Mohair prices stay unquoted. Shipments and receipts for 1930 are compared with the previous year.
Raw sugar stays at 3.22 in spot market while futures wobble near unchanged to slightly higher. Refined sugar remains at 4.55 for fine granulated as midday activity shows minimal movement.
Three men are believed drowned after a launch capsized near Richardson's Bay, Sausalito, while 13 aboard the Janidore yacht party, hosted by Sam Bowman, were thrown into cold waters. Ten were rescued by a ferry's lifeboat. authorities cite overcrowding on board.
Norris advocates a new party with social planning and social control. He criticizes the Republican Party as divided and argues the new philosophy cannot fit within existing parties. He suggests the organization could elect a president by 1940 and hem in several outstanding men.
The private Stockton Bank's directors, including Ernest Broders and Fritz Stark, agreed to close the bank within 30 or 60 days. The motion to close was made by Broders and seconded by Stark with unanimous approval. The board hired Attorney G. Allbee to liquidate assets and settle debts.
A series of fatal and injury accidents reported across Iowa and neighboring areas includes a crash on U S highway 34 near Albia killing Miss Taylor and Powers family members, a Sioux City sledding accident leaving a child fatally injured, and multiple other collisions in Clinton Cedar Rapids Des Moines Burlington.
Aviation progress relies on mail and express volume to sustain profitable air transport. As plane efficiency rises, operating costs fall and passenger service becomes profitable. The slump spurred cleanup and streamlining of big transports to cut wind resistance and weight without sacrificing safety. Colonel Lindbergh has no set winter flight plans and hopes to test a new retractable-gear wing for his Lockheed Sirius to add speed.
Kansas arrest expands case in Ashby bank robbery. Domnisse and Cook linked to Sioux City jail breaks and gasoline station holdups. Domnisse’s wife arrested in Hay Springs. Sheriff Bruce to Indiana jail. Condit orders hold as state funds spent on pursuit exceed $1,000.
Dewey leads a broad liberal coalition of 100 supporters to form a women’s alignment in September 1929, gathering women from diverse backgrounds to back the cause.
Indianapolis AP Kin Hubbard creator of Abe Martin and Abe’s neighbors died suddenly at his home from heart disease. Born in Bellefontaine Ohio he was 62 though his age was kept private. He drew Abe Martin in 1904 and published yearly collections including Abes Martins Broadcast.
Officials investigate a bank run that closed the Chelsea Bank and Trust Company after widespread withdrawals. State banking superintendent Joseph A. Roderick blames a rapid run, while Assistant AG Watson Washburn seeks evidence of short sellers manipulating stock. Assistant DA Pilatsky probes rumors of a communist conspiracy to trigger bank runs.
Judge and reform candidate Lyle announces bid to purge Chicago of gang influence. He frames the mayor as city law enforcement head and pledges an efficient police department to drive out crime including Capone era foes. Anton J. Cermak is the sole Democrat candidate. Newcastle imposes police approval on posters for films and plays.
Fourth to eighth graders from Hazel Dell, High Prairie, Goshen Valley and other schools show reading prowess. Leone Wilson leads fourth grade with advanced comprehension. Ula Green tops fifth grade with freshman-level reading rate and comprehension. Agnes Agnew crowned sixth grade. Alta House headlines seventh. Margaret Terry leads eighth with rates surpassing high school freshmen.
Frederick Schnell, a federal immigration officer, was jailed in Indio California on smuggling charges after a crash that killed a Chinese national. R W Little deputy collector of internal revenue located Schnell in uniform near the wreckage with four Chinese hiding nearby. Schnell reportedly admitted involvement in smuggling.
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