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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jan 11, 1933
Page
9
Hog markets shifted higher as the run fell short of estimates. Prices advanced 10 to 15 cents with light grades bid up. choice medium weights quoted at 3.25 to 3.30 dollars. Cattle and sheep showed firmness with steers and heifers trading around 7.25 to 7.30 and 5.25 to 6.75 respectively.
Combined log receipts at 25 concentration yards and 7 packing plants in interior Iowa and southern Minnesota for the 4 hour period ended at 8 a m show 2.44 versus 27,600 a week ago and 22,000 a year ago. Demand active. some increases in readings tied to price improvement but lighter than last week. Hogs by weight range prices listed from light 14 16 lb hogs at 2.40 2.50 to 350 425 lb hogs at 1.76 2.05 with bulk transactions basis quoted. long haul shipments show weight shrinkage, shipping point quotations excluded.
AP dispatch from Peoria shows hog receipts around 3000 head with prices 10 to 15 cents higher top 3.25 and most at 2.90 to 3.20. Cattle and calves receipts about 150 head each with prices steady to strong top calves at 6.00.
Hog price lists from Iowa markets show varied values by weight and market. Mason City Ottumwa Waterloo Cedar Rapids and Movies provide price bands for different weight ranges and classifications like prime good packers and fair packers.
Chicago slaughter and live cattle and hog receipts totaled mixed with higher hog bids and varied cattle quotes. Hog totals reached about 22 000 head with top hog prices near 3.30 while cattle receipts neared 8 500 head with steers and cows showing broad price ranges and several top figures around 6.00 for bullocks and 5.25 to 7.25 for slaughter steers depending on weight.
Eggs local grocers end markets paying up to 24 cents. Hens 56 to 8 cents, old roosters 3 cents, springs 4 to 7 cents. Hog quotations: good hogs 100 to 140 lbs $2.00 to 2.70, 170 lbs $2.70, 180 to 220 lbs $2.70, 220 to 260 lbs $2.60 to 2.70, 260 to 300 lbs $2.45 to 2.60, extreme heavy butchers $2.25 to 2.45. Stocker and feeder cattle firm. steers 500 to 1050 lbs $4.00 to 5.50, common and medium $2.75 to 4.00. Sheep receipts 16,000 head. lambs $5.50 to 6.00, best around $6.25. slaughter lambs various weights $4.25 to 6.35. ewes $1.75 to 2.74. overall, common and medium $1.25 to 2.50.
Hogs receipts 11 000 head with 208 billed through. Demand active for all interests. 10 to 15 cents higher by afternoon. Top hog price 2.95 for 180 to 220 pounds. better grades 2.75 to 2.95. Sows up 10 to 15 cents. feeders 1.75 to 2.25. Calves receipts 5 000. steer and yearling values strong for weighty lots. heifers active. cows steady. Sha receipts 5 500. lambs strong to 25 cents higher. sheep and feeders steady. bulk fed wooly lambs 5.50 to 5.65. top shippers 5.66 for 87 to 92 pounds.
Minneapolis AP notes fluctuating commodity costs with flour at 15e per jigger, carload lot prices for family patents listed, cotton sacks at 98 pounds and Bran at specific dollar amounts. Standand Maidalinge figures recorded, indicating market volatility and price spread.
Hope remains firm as bond prices advance again with gains in foreign loans led by German issues. Heavy accumulation by institutions and individuals persists amid an improved sentiment and steady economic signals. steel, power, and grain sectors support a cheerier mood.
U S Steel Sears Roebuck Chrysler American Telephone Lackawanna and United Aircraft fell modestly while Case and Harvester and New York Central slipped. DuPont edged up Union Pacific and General Motors rose slightly and transfers reached about 1 600 000 shares. Woolworth Continental Can paid dividends Westinghouse spun off Radio Corporation stock. Freight loadings showed seasonal gains as farm allotment bill heated up in Washington.
A general agreement from a joint meeting of the senate and house irrigation committees favors a further moratorium for western reclamation project settlers. Subcommittees will draft legislation to secure this objective.
Wheat prices eased after an early rise driven by commission house buying. The market watched progress on the Washington allotment bill with bids to buy. By day’s end May wheat at 49 5/8 to 50 cents, July 49 1/2 to 49 3/4 cents, corn down about 1/2 to 3/4 cent, oats mixed, provisions varied.
AP Chicago prices list grain futures and commodities with mixed No 2 and No 3 grades for wheat corn oats rye barley and seeds including corn yellow white and mixed grades and seed prices per cwt. Prices show small fractions and ranges across varieties and grades.
AP report notes 82 grain cars received this week vs 74 last year and lower market levels. Cash bids include No 1 northern at 504 to 95113c, various protein contents and durum prices, with May and July futures around 48%c. Corn and oats quotes follow with No 2 yellow at 22 to 22%c and No 3 white at 14% to 15%c.
Chicago AP reports live poultry receipts for 31 trucks with varied prices for hens leghorn roosters and turkeys. potatoes receipts 62 cars on track with russets steady and other stock dull. butter receipts 7 274 tubs with price ranges. eggs receipts 10 018 cases with weak demand. futures show mixed quotes for eggs butter and storage standards.
New York butter receipts total 18 016 tabs unchanged. Cheese receipts listed at 1 264 cents per pound irregular. Milk flats quoted 12 13 cents. Egg receipts 19 261 cases unsettled with varied grades. Live poultry steady with express chickens at 15 seven eighths to 18 cents, fowls 13 4 to 14 1/2 cents, duck 17 cents.
Iowa coal miners and operators held a joint session in Des Moines to stabilize the industry and draft a new wage scale and working conditions agreement. Frank Wilson of Albia led the miners. Sam Ballantyne of Des Moines headed the operators. The current wage agreement expires March 31.
The Burlington railroad will reduce sour cream freight rates by 40 percent starting February 1 to win back business from motor trucks, according to D A Coffeen, Des Moines city passenger and ticket agent.
The list shows closing quotations for multiple issues including Alleghany 114, Chrysler, Deere preferred 95, Gillette 19, Goodyear, Hudson, Kennecott 9, Kresge 10, Mont Ward 14, Nash 141, NY Central 20, Phillips Petroleum 6, RCA 5, Sears Roebuck 51, Texaco 18, Warner Pictures 2, Woolworth 35, Ark Natural Gas 1, Cities Service 3, Ford Motor Ltd 31s, and Standard Oil Ind 21 among others in New York and curb markets.
Cornell University cancels its entire winter and spring intercollegiate sports program, excluding basketball, with schedules dropped for crew wrestling ice hockey fencing track baseball and lacrosse. The athletic council directs budget cuts and a three point plan including staff reduction salary cuts and plant maintenance to sustain operations.
The "Ideal couple" married Saturday are honeymooning at a guarded location after kidnap threats. Paul S. Cummins, once of Cedar Rapids Iowa and the Northwestern University football standout, and Ruth Wenter, former beauty queen, cancelled plans amid security concerns.
Major and minor league clubs plan overall payroll reductions while rewarding standout players. St Louis Cardinal Sam Breadon signals a slash in pay, but some stars receive raises as Pirates increase Lloyd Waner Larry French and others. Washington and New York teams also adjust salaries with cuts for some stars and boosts for others. Athletics cut overhead by selling Al Simmons Mule Haas and Jimmy Dykes to Chicago White Sox.
Relatives said plans favored a trip to St Augustine Florida but instead the person traveled to another city in a discreet manner. The move prompted questions about motive and destination.
Electa Chapter will install officers Monday January 16 at 8 p m at Masonic Temple. Open to Masons Eastern Star White Shrine and families. Washington Chapter No 4 and Webb Council No 18 hold installations Friday January 13 at 7 30 p m. Iowa Lodge No 2 A F and A M holds First Degree work Wednesday January 11 at 7 30 p m. All Masons welcome.
The Farmers Union unit in Stockton-The Prairie met at the Broders home with 55 attendees. Six tables of 500 were played, with honors to Dage Paulsen Colberg Broders Duge Johannsen. Other items note Fulton Four-H banquet at Muscatine Elks hall, visits from relatives, kittenball practice, and local family events including Audrey Fae Schlapkohl’s birthday and guests at Muscatine.
Mr and Mrs Charles Makoben hosted 800 relatives and friends at Plain View dance hall in Stockton to mark their silver wedding anniversary. The event featured a stage greeting, a solo performance, and a reception with dancing and refreshments. The couple, married in Davenport, have a daughter Vernetta and son Victor.
Fairport residents Mr and Mrs Fred Buchele and son Davis attend a public card party at Pleasant Prairie. Dr A H Wiebe of the U S Fisheries, visiting Iowa City, stops at the biological station. Muscatine shippers include L H Bennett Roy Reeves D H Christiansen H Buster George Davis Idabelle Davis. Cope of Muscatine visits Buchele home. Hebert family of Muscatine joins George Davis for supper.
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