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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 27, 1927
Page
8
Chicago reports show corn firming after an earlier drop with gains in wheat as a mixed market. receipts were abundant due to Christmas and export demand offset a large influx of corn at Chicago Kansas City and Omaha. Weather worries and doubts about government yield figures influenced trading.
New York December 27 AP The visible supply of American grain shows changes in bushels Wheat decreased 1 281 000 Corn increased 2 885 000 Rye increased 292 000 Barley increased 2 009
Saylor Weichelman Report quotes grain prices from Saylor & Wichelman using Jackson Krom Co Chicago New York connections. It lists open high low close for Wheat Corn and Lard with Mar May and July contracts and prices in dollars per bushel or hundredweight.
Wheat prices ranged from No 1 hard at 1.28 to No 6 yellow and various mixed classes. Corn and oats showed broad spreads with No 3 mixed near 74 78 cents and No 6 white around 70 73. Rye was not quoted while barley 82 92 cents. Livestock markets list pork products with lard at 11.42, ribs 11.00 and bellies 11.75 alongside seed and forage values.
Poultry prices list hens four pounds and over at 13c to 19c depending on type, with springs and Leghorns showing 14c to 19c, cocks at 10c. Hog quotations from 6.75 to 8.40 per hundredweight reflect varied stock sizes and quality. Meat market notes include good butchers and packers with weights from 180 to 300 pounds and prices spanning 6.75 to 8.40.
Butter higher on receipts of 19 842 tubs with standards near 47 49 percent. Eggs unchanged from 2 998 cases with firsts 41 42 cents. Poultry steady with 14 cars on hand and fowls at 23 cents, turkeys 30 35 cents. Wisconsin sacked whites priced at 1 50 to 1 65 and Idaho sacked russets 1 50 to 1 65. Market movement slow and dull.
New York on December 27 reports butter receipts totaling 6253 tubs with creamery prices advancing to 53 cents for extras and 52 cents for firsts. packing stock and current make listed. Eggs receipts 6583 cases show varied pricing from extra fancy to seconds, with multiple grade and region distinctions noted.
Kansas City reports farm commodity prices with Rutter Creamery products quoted at 2c per unit and 48c for large quantities. packing costs listed at 2ic.
Market notes show av poultry prices with live geese at 16 to 19 cents per unit and turkeys at 26 cents. Other items include premium quality goods with current receipts and assorted meats priced per market standards.
In St Louis on December 27 the market shows mixed price changes with creamery extras up several tenths, poultry advancing around half a cent, and items like ducks and geese holding steady or easing slightly. The AP dispatch notes varied shifts across product lines with no uniform trend.
Unclear OCR notes sugar prices in New York hold steady with no change in fines. Record indicates a fixed range of 5.70 to 5.80 cents per pound for refined sugar. no resistance or adjustments shown.
Minneapolis market notes show flour at 25 to 35 cents per barrel or sack. Shipments listed at 7 dollars 336 barrels and bran at 30 dollars per sack.
New York wholesale poultry prices show mixed movement with fresh chicken at 22 to 36 cents and turkeys around 31 to 46 cents depending on region. In Kansas City hay prices ease by a dollar with receipts of 168 cars, alfalfa No 1 at 19.50 to 21.00, timothy No 1 at 12.50 to 13.00, prairie No 1 at 10.00 to 12.00, and clover mixed light No 1 at 10.50 to 11.00.
U S Steel fell from 154 3 8 to 152 3 4 then rebounded above 153 by noon influencing the market. Midland Steel Products preferred surged 10 12 to 260 1 2 as others weakened including Montgomery Ward General Railway Signal Greene Cananea Copper Curtiss Aero and Porto Rican tobacco. Call loan renewal rate rose from 4 1 2 to 5 percent.
The bond market opened after the holiday recess with prices steady and moderate buying in select sectors. New Haven 4s led rail issues with a two-point gain, Missouri Pacific 5s softened, and most major issues remained near Saturday’s levels. Government bonds held firm as industrial and utility groups showed little activity.
The state department issued a license permitting Mexico to purchase the tri motor Ford plane that Evangeline Lindbergh flew from Detroit to Mexico City. The move marks a measured relaxation of the munitions embargo with reviews of each arms sale on a case by case basis. It remains unclear if Mrs. Lindbergh will fly the ship back to the United States and details of the sale terms were not disclosed.
Forty lives feared lost after the Turkish steamer Sviedi sank at the entrance of the Gulf of Mudania following a collision with the Marmara. The vessel carried 130 passengers and sank within minutes. missing include two teachers from the American school in Broussa, plus Norah Ward of England and Mile Hiller of Switagr.
Chicago livestock market reports steady hog prices with limited demand, best butchers selling at 8.70 to 8.80, total hog receipts 136,400 head. Cattle prices steady to strong with steers at 12.00 to 16.75 and fat lambs 13.50 to 13.85, overall supplies higher versus a week ago.
Chicago livestock market receipts total 50 060 hogs 13 000 cattle and 17 000 sheep with mixed demand. Hog prices show 10 to 14 higher on active broad shipping demand while heavy packers stay inactive. Cattle trade steady to strong with fed steers $16.75 top and vealers $0 50 higher. Sheep demand broad with choice lambs up to $13 50 and fats $6 00 to $6 75, bulk $12 00 to $12 75.
Receipts 5 000 hogs 5 500 cattle 9 000 sheep with mixed changes. Hogs steady to firm at 8 40 to 8 55 for 190 to 300 pound cattle top 14 75 for good heavy steers vealers 11 00 stockers 10 60 sheep top 13 10 with typical lambs 12 75 to 13 00 and yearlings around 9 60 to 10 10.
Sioux City market reports show 1500 cattle receipts with steady tone. Feeder and fed cattle range from 7.00 to 13.00 dollars, veals 6.00 to 10.00, bulls 6.00 to 7.76, feeding cows and heifers around 6.50 to 8.60, top at 8.50 with packers bidding about 8.10. Trades show some declines on shipments and a general market softness.
In Omaha a livestock market bulletin notes December averages. Prices reflect per pound values around eight dollars and change. Strong demand supports steady activity across cattle and hogs in regional trade.
New York reports Claudette Claudine and Angela Mawby, three Nordic sisters aged five and six, touring New York on a halfway visit between London and Hollywood. Their parents say they sold nearly everything and travel without contracts or movie ties.
Cattle receipts 5 000 head with fed steers and yearlings steady while stockers and feeders advance. beef cows 7.00 to 9.00, short fed heifers 9.00 to 10.00, middling bulls 7.50 to 8.00. Sheep and lambs 15 000 head with lambs weak to 2 spite lower prices, feeders strong. bulk wool lambs 12.25 to 12.85, fed clip lambs 10.00 to 11.00, feeding lambs up to 12.65.
South St. Paul Minnesota December 27 cattle receipts 35560 head steady to strong with mixed yearlings and light weight steers inching higher. Calves 1000 head steady around 10 dollars for good lights. Hogs 21000 head mostly steady with top 8 25 for lights and butchers. Sheep 3000 head bids steady at 12 75 to 13 00 for fat lambs.
Receipts total 14 300 head with hogs active on light and underweight classes while heavier hogs lag. Top hog price 9.00 with bulk 170 to 190 pounds 8.75 to 9.00. Cattle receipts 2 800 head with steers 11.55 to 13.00 and vealers near 15.00. Sheep receipts 2 000 head with natives around 13.00 to 13.25 and market slow.
St Joseph Missouri reports U S Department of Agriculture receipts with hogs at 3 600 head down 15 cents to 5 cents leaner. steers and yearlings slow. fat cows and heifers mixed. vealers steady. Sheep arrivals 8 500 head with fat lambs at a standstill and wool skin prices weak but some gains for choice wool skins.
Peoria Illinois AP report notes hog prices at the Osage market near Peoria 4 500 feet merket steady, with a slight uptick on 20 head received. Local activity shows mixed demand as buyers adjust to light offerings.
Fred Delmarter of Cedar Rapids aged 50 was found dead in his room on December 27 with both gas stove burners open. He lived alone and likely died Christmas Day. Authorities cite mental low mood as probable motive.
Lost black leather driving glove near Rock Island between 6th and 7th in downtown Washington. Call 2038. Lost envelope containing $3 between 7th and 6th and Iowa. Phone 2217 W. Reward.
A blaze at Bolling Field in Washington damaged air corps and quartermaster hangar equipment. Spare parts worth about $1,000 were stored in the west end, while the east end housed uniforms and other gear. Water damage came from firefighting efforts. investigators blamed an overheated hot water heating system.
Tennis gains ground in New Zealand amid surveys showing rising participation and viewership. Cricket remains strong but faces competition as clubs report higher enrollments and youth interest shifts toward the faster paced sport.
John S. Berger ex promoter and Remus witness was sentenced to 10 days in jail and fined 250 dollars plus costs for contempt after presenting a jury petition. Judges Shook ordered immediate custody as jurors apologized and stated they signed ignorantly, not knowing its purpose.
New York December 27 AP Morgan named as successor to the late Elbert H. Gary as chairman of United States Steel on the eve of a board meeting. No denial from Morgan firm fueled Wall Street belief he will accept. Myron C Taylor likely named as chairman of the finance committee. two board vacancies to be filled.
Petition seeks to compel the directors of Good year Tire and Rubber in Akron Ohio to pay 16 million dollars in unpaid back earnings. Kent P Johnson of Akron holder of 67 shares of common stock is noted in the filing along with a 60 million claim.
Ferguson the railroad agent said Rock Island Railroad may replace the overhead bridge across Monroe Street after a first of year inspection. City council brought the issue to the railroad’s attention as one end of the bridge has settled badly and needs repairs.
Red Lodge Montana December 27 AP discovery of gold nuggets in a Christmas turkey prepared by Mrs A Pollard has started prospectors searching for a mother lode. Eight nuggets weighing 30 grams valued at about 3 dollars were found in the bird raised on the Paul W Cartright ranch two miles from Red Lodge. About 35 birds were shipped to Maine. Red Lodge district yielded millions in placer dust in pioneer western days.
Charles Brock aged 27 of La Junta Colorado pleaded guilty to forgery in Creston district court and was sentenced to an indeterminate 10 year term at the state reformatory in Anamosa.
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