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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 29, 1927
Page
10
Latest stock and grain markets show higher tendencies with scarce feeder classes. Prices listed include OS at $11.50 for a 1,223 pound medium weight, cows at $7.25 to $9.25, heavies at $9.50 to $10.56, veals around $11.50, bulls $7.90 to $8.25, and lambs around $12.25 to $12.85 with sheep feeders steady and occasional ewe prices up to $6.75.
Wheat rose on renewed North American export demand and dwindling Liverpool stocks, with imports from Argentina lagging last week. Corn fell on selling pressure while oats edged higher. cash corn offerings stayed light, Gulf bids mostly above Kansas City, and seaboard export sales pegged at about 100,000 bushels. Lard eased as meat prices rose.
Chicago market prices list wheat, corn, oats, rye, timothy seed and mover seed on December 29. No. 2 red wheat at 1.35, various corn futures from 75 to 82 cents, oats values around 53 to 56 cents, and mover seed priced at 22.00 to 29.25.
Peoria market notes show cash corn closing one cent higher or lower on specific grades. Prices listed include No 6 yellow at 72 percent, No 5 mix at 72 cents, No 6 mixed at 7 cents, sample grade 65 to 69 cents. Oats move one cent lower with No 2 White around 42 dollars per ton.
Poultry and eggs quoted furnished by Swift and Co and Iowa Poultry Farm with prices for hens, leghorns, blacks, springs and cocks across weight classes. Livestock prices daily from J. P. Squire Co show good butchers and packers at 6.75 to 8.40 per hundredweight depending on weight and quality.
Butter prices hold steady with creamery extras at 50c and firsts around 49c while receipts total 5,188 tabs. Poultry demand remains slow with live weights steady and turkey prices around 24 30c. Potatoes show light movement with 33 car shipments and U.S. totals at 435 cars. Wisconsin round whites fetch 1.50 to 1.63 and Idaho russets No 1 bring 1.50 to 1.70. Storage butter standards report 42c for December and January.
New York market notes show butter steady with 10,202 tubs received. Eggs unsettled with 20,507 cases. fresh gathered extras 42 to 44 cents, firsts 41 cents, seconds and poorer 40 to 34 cents, storage chest marks 34 cents, firsts 32 cents, seconds 31 cents. Nearby hennery whites and western whites priced up to 50 cents with variances. cheese firm with 27,697 pounds received.
In St Louis Missouri prices for fresh produce and poultry items are listed with small changes. Creamery extras, poultry-steavy hens, light hens, springs, broilers, turkeys, geese and ducks show minor shifts around one to two cents, with most items unchanged.
Live poultry irregular rates for broilers roosters and turkeys listed by freight and express. Fresh young western turkeys quoted around 31 to 44 cents. Southern turkeys at 31 to 41 4c and timmelamendea unclear.
Raw sugar timer reports no sales and prices unchanged at 4.58 for Cuban duty paid. Refined sugar steady at 570 to 5.80 per unit. granulated sugar also unchanged.
Kansas City hay buyers moved through 38 car lots with prairie No. 1 priced from 9.50 to 11.00 dollars per ton as market showed a slow to steady decline. In Minneapolis the flour market held steady with shipments totaling 46,410 barrels and bran between 29.00 and 29.50 dollars per hundredweight.
Chicago December 29 AP hog prices opened steady with choice butchers at 8.00 to 8.35, heavy hogs weak to lower while demand for light grades stayed active. Prime butchers quoted 8.80 to 8.85, good to 8.59, packing hogs steady at 7.90 and down. official receipts tomorrow: cattle 2,000. hogs 30,000. sheep 13,000.
Chicago livestock market reports show hog receipts at 47000 with weights 210 to 240 pounds averaging down slightly, top hogs at 8.80, and lighter weights up to 16 cents. Cattle receipts 7000 with beef and veal prices mixed and steady to higher. vealers mostly 12.50 to 13.00, best steers around 16.50 to 18.00. Sheep receipts 21060 with lambs around 13.00 to 13.75 and ewes 6.00 to 6.75, market slow overall.
U S Department of Agriculture reports for Kansas City on December 29 show hogs trading steady to firm with top prices around 8.45 for 225 to 290 pounds. Cattle receipts near 3 900 head with beef steers steady to strong and stockers firmer. best heavy steers around 13 85 and bulk fed steers 11.00 to 13.00. Sheep volumes about 4 500 with killing classes steady. fed lambs 84 to 87 pounds around 12.85 and lighter 86 to 93 pound stockers 12.35 to 12.75.
Omaha market report shows receipts of 7000 hogs and 4500 cattle with mixed demand. Hogs steady to 10 cents higher, lights $8.15 to $8.40, sows $7.00 to $7.50. Cattle bids for fed steers and yearlings moderatly active, she stock steady to strong, bulls unchanged.
Cattle receipts 1,800 head with steady to firm prices across classes. Calves 1,200 head strong demand for vealers. Hogs 17,000 head opening strong and higher than Wednesday’s average with bids commonly 8.00 to 8.25 for light weights. Sheep 800 head bidding weak to a 25 cent drop on fat lambs, red wooled lambs at 12.50 to 13.00, best ewes around 7.00. Local USDA report from South St. Paul Minnesota dated December 29.
Receipts total 10 300 head with hogs steady to firm top at 5.45 for 220 340 lb animals and other classes quoted. Cattle and calves about steady to slow with early sales 10.75 to 13.60 for 1 297 lb weights. cows and slaughter lots steady 5.50 to 11.59. Sheep receipts 4 800 head with fat lambs slow, prices steady, aged stock firm.
East St Louis Illinois cattle hogs and sheep receipts for the day show hogs at higher prices with top $8.90 and hefts around $8.75 to $8.85 for large pigs, sows around $7.50, and good pigs $7.25 to $8.00. Cattle and calves active with most steers $11.25 to $13.10, yearlings $16.50, cows $6.50 to $8.50, and bulls up to $7.75. Sheep receipts 1 200 head with lambs steady to 15 cents lower. two decks 84 pound lambs $13.50, packer top $13.75, clippers $12.90, wool skins $13.25, ewes $5.00 to $6.00, two year olds around $8.30.
Sioux City IA December 29 AP USDA cattle receipts 1500 head market active strong fed steers and yearlings 9.00 17.00 bulk 10.50 12.00 butcher stock 7.90 13.00 veals 6.00 10.00 bulls 6.50 8.00 stockers 7.50 11.50 feeding cows 6.00 8.50 hogs receipts 16000 head market steady top 8.30 bulk 8.00 8.25 weights 160 200 210 300 pounds sow 7.00 7.50 stag 7.00 7.50 pigs 7.00 8.25 sheep receipts 2000 head prospects steady.
Hogs receipts 2,000 head with a steady market. top bulk 8.30 to 8.55. Cattle receipts 100 head. Livestock prices noted for Peoria market on December 29.
The December federal reserve report from Chicago notes dairy herds up 3 percent since last year, with beef cattle on mid western farms down 12.9 percent. Hog stocks fall 2.7 percent due to liquidation, and the fall pig crop is 7.1 percent smaller than last autumn. November slaughter output rose from October but lagged 1926. Domestic meat trade stays fair as pork, veal and lard prices ease. lamb and mutton steady and beef gains modestly. European prices near parity with Chicago. foreign demand for lard fair, meat demand dull.
Railroad stocks tied to pending consolidations such as Nickel Plate Louisville and Nashville and Western Maryland rose amid strong demand. Baldwin equipment shares surged over five points with gains also seen in American International Wright Aeronautical Fleischmann General Electric Remington Rand and Foundation Co. Call loan renewal rate remained at five percent.
In New York trading the bond market showed limited volume with desultory activity in the railway list. Missouri Pacific 6s Southern Pacific 4s and Chicago Great Western 4s moved moderately near yesterday's levels while other issues eased slightly. Convertible industrials quieted and United States government bonds drew little attention as Italian bonds stayed firm and French issues saw nominal buying.
The feeds market remained quiet through the week ending December 28 due to holiday slowdowns and inventory demand. Prices eased for corn and oats, with wheat feeds slightly lower, linseed meal steady to up, cottonseed meal rising, and glut feed at Buffalo offered at discounts while large mills quoted January premiums.
In Cheyenne Wyoming on December 29 the United States Navy regained possession of the Teapot Dome naval oil reserve by court decree. Judge T Blake Kennedy overruled Harry F Sinclair’s counsel request to include in the decree a provision returning quitclaims to Sinclair.
Assistant Attorney General Parmeter held that Alabama’s claim to title to Muscle Shoals is not supported by facts. The opinion was submitted to Attorney General Sargent in Washington on December 29 as part of the AP report.
Paris dispatch reports on December 29 that the Bank of France lowered its discount rate from 5 percent to 4 percent, signaling monetary easing in the French financial system.
A. G. Whitney, codes editor, says automobile license fees and state gasoline taxes are direct taxes under the Iowa constitution and law. He notes the legislature could fund state road bonds by increasing these taxes or combining them with a general tax, indicating constitutional authority to use such funds for debt service. Whitney stresses his views are personal.
A 200 foot long map, claimed to be the largest in the world, has been shown to the public in England. The showcase drew curiosity for its scale and regional detail as visitors viewed the expansive cartographic display.
An old newspaper item advertises a garment with a yard of contrasting material for facing on collar, cuffs and a straight belt two inches wide priced at 15 cents.
Enclosed orders for patterna and Fashion Book to THE MUS CATINE JOURNAL Pattern Dept Muscatine Iowa pattern numbers and customer details with city and size and cents prices.
Incumbent Rep Brede Wamstad announces another bid for the Mitchell County seat on the Republican ticket. He authored the Wamstad bill restricting admission of indecent persons to the state university hospital and seeks reelection after a narrow defeat in the last session.
Joice banker S R Torgeson announced he will seek renomination as a Republican state representative from Worth county. He is finishing his first term in the Iowa house and opposes a state bank guaranty law.
India adopts metal railroad ties in many regions due to wood ties being vulnerable to insect damage. Authorities push durable track components to extend service life and reduce maintenance.
Dr Charles L Stewart of the University of Illinois urged American farmers to study foreign farm relief systems. He addressed the American Economics Association and American Farm Economic Association, noting nations use export boards and tariff adjustments to raise farm product prices and purchasing power.
Thousands of lobsters and perhaps millions of star fish were driven onto shore by a four day gale in the English channel. Villagers travel miles to collect the bounty for a feast as the ill wind creates a marine bonanza.
Savings deposits in Iowa in early December rose 0.9 percent from November 1 based on 40 reports from Seventh Federal Reserve District members. Town deposits totaled $97,618,009 on December 1, with the change 0.7 points below the 1926 level, and average account changes show mixed gains versus earlier dates.
The ladies of the court include the mistress of the robes and several bedchamber roles. Four women serving as Queen Marys secretaries are among the ladies of the bedchamber.
In England last year the female birth rate rose by 40 per 10 990 population while male births increased by 52. The data show the female growth lagging behind the male birth rate across the population.
Classified ad seeks a reward for a new overcoat lost at Town Pearl ball in Liberal. Contact phone number 2427-X to claim.
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