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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Dec 29, 1930
Page
9
Out-of-town buyers helped the hog market stay active with 55 000 head offerings, 25 000 to slaughtering plants. Hogs weighing 140 170 lbs crossed at 8.35 8.40 dollars, some held at 8.50. weights above 210 lbs moved slowly with bids a dime lower.
In Cedar Rapids, prime hogs sell from 6.75 to 7.10 per pound with heavies around 6.90. Des Moines receipts total 5,700 head with mixed moves. prime lights 6.85 to 7.40, mediums 6.75 to 7.30, heavies 6.75 to 7.00. Mason City lists varied bids for lights and butchers from 7.30 to 7.40, with larger weights down to 6.50. Ottumwa shows scattered gains and losses across several weight classes from 5.50 to 7.35. Waterloo reports prime hogs 7.00 to 7.30, mediums 6.90 to 7.20, heavies 6.50 to 7.00, packers 6.00 to 6.50.
Hog futures show January light hogs at 8.50, mediums at 8.20, heavies at 7.50 to 7.60. Des Moines reports 53,300 hogs received in 48 hours at interior Iowa plants, with market steady to 10 cents lower and weights 198 to 290 pounds priced from 6.75 to 7.60 plus sows and heavier categories.
Local grocers and markets list poultry prices with hens at 13 cents and leghorns at 10 cents for springs and other weights. Hog quotes furnished by J P Squire Company show price ranges from 6.80 to 7.55 for common weights, with extreme heavy butchers around 6.45 to 6.95 and heavy packers 5.95 to 6.20.
Chicago reports July wheat at a fresh bottom not seen since 1895 and corn at its lowest since 1921 as grain markets slip on reduced European demand and tighter supplies. Primary corn arrivals fell to 912,000 bushels vs 1.74 million a week prior, with prices mixed across wheat and declines in corn and oats.
Text notes that shipments originating fifty miles or more from the destination and weighed without feed or water at delivery usually sell from nineteen dollars and up, with prices quoted.
Receipts show hogs 55 000 head direct mostly 120 to 150 Ibs 8.50 top. 210 to 300 Ibs 7.60 to 8.10. sow and pig classes with varying bids. Calves 2 000 head. steer run largely short red. most weights steady or slightly lower with vealers up 25c. bulls steady. Slaughter steers 600 to 900 lbs 10.0 to 14.75. 900 to 1100 lbs 10.50 to 14.75. light to heavy cattle mixed. cows to 7.50, vealers 9.25 to 11.50. Sheep receipts 30 000 head fat lambs 25c lower, good to choice 8.00 to 8.25, fat ewes 3.00 to 3.50, feeding lambs nominal, slaughter lambs 90 lbs down 7.25 to 8.50.
Hogs receipts 20 0100 head with prices from 7 20 to 7 99 and average week cost around 7 57. Cattle receipts 12 000 head with fed steers and yearlings mostly 8 50 to 11 20 and some to 12 00. heifers 7 00 to 8 50. cows 4 25 to 7 25. stockers 6 75 to 8 50. Sheep receipts 15 000 head lambs 25c lower. best ewes up to 3 50. feeding lambs 6 50 to 7 00.
Sioux City cattle receipts 5 000 head with calves slow and heifers dull while stockers and feeders rise up to 25 cents. Beef steers and yearlings steady to higher bids and top beef cattle priced around 12 50 per 1 140 pound beeves. Hog receipts 14 000 with butchers steady to lower and weights 150 to 260 pounds trading around 7 60 to 7 75. Sheep receipts 4 000 with fat lambs bid near 8 00 to 8 25 and aged sheep scarce high price unchanged.
Receipts at South St. Paul include 3 700 cattle with weak to lower early trends for steers and stable to steady other classes. Calves total 1 500 head with vealers steady around 8 50 to 11 00. Hogs at 10 000 head show 10 to 25 cent declines. sheep receipts 5 000 head see open bidding around 7 50 to 7 80 with lambs desired at 7 75 up to 8 00 and some sellers asking higher.
Earl O. Whitehill pitcher for the Detroit Americans was arrested in Cedar Rapids on an assault and battery charge. He was released on $100 bond. Beers accuses Whitehill of striking his wife after a car collision during a dispute. Whitehill denies the charges.
Directors of the Muscatine Cow Testing association will convene under the Muscatine County Farm Bureau supervision to review the membership list and discuss organization details. The session aims to finalize the group’s lineup and oversight structure.
Wheat prices ranged from No 1 hard 79c No 2 hard 78 1 2c No 5 hard 70c while No 1 northern spring stood at 78 1 2c and No 2 77 4 c Mixed bids were around 78 4 to 61 8c Corn showed No 3 mixed 69 61c No 4 mixed 59 61c No 5 mixed 56 57c No 6 mixed 54c with No 2 yellow 64c No 3 yellow 61 5 8c No 4 yellow 59 and No 5 yellow 56 59c White wheat values surfaced as No 3 white 65c No 4 white 62 4c No 5 white 61 61 c Oats No 2 white 31 14 32c No 3 white 8 1 2c Timothy seed 58 7 5 49 00 Clover seed 15 00 22 75
Minneapolis flour markets show prices steady in carload lots. Family patents quoted 5.25 to 5.35 per barrel in cotton sacks. Shipments total 24 683 barrels with bran 14.00 to 14.50 and standard middlings 13.00 to 14.50.
Market values listed for poultry fowls roosters young turkeys geese, potatoes with car receipts and weekly totals, Wisconsin Idaho Colorado potato quotes, butter and creamery standard prices, eggs case prices, and refrigerator futures with Dec Jan Feb storage standards. Prices are given for various grades and months.
The New York market shows 5 421 tubs listed with steady to higher levels than expected. Prices and lots indicate a stable but firmer tone with buyers showing cautious demand and traders noting a 92 score in one lot.
County agent Carl Rylander reports preparations for work to start February 1 at the Farm Bureau office.
Market notices show various poultry prices with multiple grades. Dressed poultry and fresh fowls list prices by weight, including turkeys ducks and chickens, plus regional white pullets and shell treated eggs locally available.
St. Louis market clears with eggs at 23 cents a dozen and butter at 29 cents a pound. Poultry quotes list heavy hens 18 cents, light hens 16 cents, springs 21 cents, geese 19 cents, ducks 19 cents, and turkeys 34 cents. Cheese price listed as Northern twins at 18.75 cents per pound.
Eggs sell for 6.0 cents and 6.0. Butter creamery at 33 cents in large quantities 32c butter fat 17 22c packing butter 10c Poultry hens 4 to 16 cents broilers 21c roosters 61c eggs and poultry prices listed with 2 cent to 21 cent ranges across several categories
Reports show hay receipts in Chicago and Kansas City at 16 and 25 cars respectively, unchanged. New York raw sugar markets quiet with raw sugar at 3.15 and futures 4 to 5 points lower. refined sugar steady at 4.55 for fine granulated.
Wall Street closed with stocks near year’s lows as 1931 recovery prospects remained slow and tax selling eased but market tone stayed weak. Cyrus Eaton led injunction against Youngstown Sheet and Tube Bethlehem merger while New York traction companies plan consolidation. Inland Steel and Republic showed firm briefly, Brooklyn Manhattan issues strengthened, call money firmed into year end.
In New York irregular end of year price moves appeared as dull trading left prices largely unchanged. Most active bonds fluctuated narrowly until the IRT terms for acquiring Brooklyn Manhattan and Interborough Rapid Transit properties were announced and IR T bonds advanced from a prior level.
Settlement notes list numerous families from Wilton Muscatine and nearby towns sharing Christmas Day with relatives. Households visiting include Kaufman Lang Koeppen Rexroth and Downer families, Weikert Budelier Hetzler Sywassink Doefer Globes Rock, with trips to Muscatine Rock Island and farms east of Wilton.
Kalona area farmers donated 241 chickens for the needy in Chicago. Perry Lemley estate public sale held last Tuesday with prices for horses, cows, corn, oats and hay listed. Other holiday visits noted include Waukesha Wis visitors and relatives in Wellman Iowa City Des Moines Milford Wood River Nebr.
Several rental offers appear including a modern house on Chestnut Street by Geo M Wells with contact number 1383 W a furnished three room apartment at 312 Cedar and a six room modern house with furnace bath electric lights and garage at $25 per month Immediate possession through Ie Loan Investment Co Also multiple five and seven room options listed with various contact numbers and terms Subscribe for The Journal.
A Christmas day basket dinner at Alvis Hotz home in Lone Tree brought together children and grandchildren from nearby towns. Attendees included Ed and Joe Hotz and families from Iowa City and Lone Tree, Will Hotz of West Liberty, Rosa and Floyd Hotz, plus Emma Jondle and others. Additional holiday visits featured the Walkers, McMillans, Morgans, and Sims family members joining various relatives for meals and greetings. A newborn arrived to Arlie Mills and Mrs. Anna McCormick amid the festive observances.
Grandview reports J S Reed and family visiting daughter near Muscatine. Mrs Ruth Stephens celebrated Christmas with daughter in Muscatine. Charles Brown family relocated to Wapello for work. Local families hosted Christmas dinners. A grade Christmas program was held at the school. W P Fetters, Civil War veteran and former resident, buried in Grandview after body brought from Marshalltown.
Peoria Livestock report shows hog receipts 4590 head with top price $8.15 and bulk between $7.75 and $8.10. Cattle receipts total 200 head with no further price detail provided.
The article notes the Illinois Central Railroad likely to earn slightly more than $6 a share on the common in 1930 and that its balance for fixed charges will meet New York state requirements for investment by savings banks. Bond sentiment has been weak this year amid liquidation fears. The money market remained firm with steady U.S. government obligations.
Cedar Rapids and Iowa City Railway Motor Coach Division reads down the route list for Cedar Rapids Iowa City Muscatine Burlington service. The notice outlines division connections and travel options between the named cities.
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