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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jul 03, 1935
Page
9
Uneven trade in cattle hogs and sheep as markets anticipate a holiday and buyers concentrate on available offerings. Hogs firm at up to 9.80 for select lights, cattle price ranges show strength in heifers and steers, prime Nebraska beef held at 13.00, and slaughter lambs and yearlings remain active with lambs averaging around 8.75 to 9.00.
Iowa hog prices across Cedar Rapids Ottumwa Mason City and Waterloo show varied quotes by weight. Prices range from about 7.30 to 9.00 per cwt with differences by weight class and yard.
Hog receipts across 22 yards and 9 packing plants in interior Iowa and southern Minnesota totaled 19 808 for the 24 hours ending at a m. compared with 12 200 last week and holiday figures a year ago. Demand was uneven with better grades steady to 10 cents higher while mid range and heavy weights were often weaker. Prices ranged from 7 70 to 9 15 for various weight classes with packing hogs 7 50 to 8 00 and larger 425 to 550 pounds at 7 10 to 7 80.
The New York Stocks closing slate shows diverse results as major industrials and consumer goods firms appear with mixed percentages. Notable entries include Gen Elec, GM, Ford, RCA, Sears, U S Steel, Goodyear, Penn, and Westinghouse among others in a broad sector spread.
Eggs at seven to ten cents locally. Poultry ranges include hens 39 to 12 cents, springs 11 to 1? cents, roosters 7 cents. Hog prices by weight: 14 to 160 lbs about 8.55 to 8.80, up to 550 lbs 7.60 to 7.70, with 500 lbs and up at 7.45 to 7.50.
All major U S security and commodity markets will close Thursday for Independence Day. European and Canadian markets will operate as usual with regular trading hours.
Long haul shipments show excessive weights affecting price quotes. Hog purchases based on shipping point weights are excluded from quotations, and shipments with weight disputes influence market figures.
Hogs receipts 10 000 head with 4000 direct steady to 10 cents higher. Prices range 9.60 to 9.80 for 200 to 230 lbs, 8.50 to 9.65 for 230 to 360 lbs, 8.75 to 9.75 for 149 to 200 lbs, pigs down. Sows 7.90 to 8.40. Cattle receipts 7000 head, calves 1500, early gains on fed steers and yearlings, best action on light yearlings, heifers, mixed yearlings. Cows and bulls steady to higher. best heavy fed steers around 12.40, yearlings 11.50, heifers 10.25. Sheep receipts 8000, native lambs and yearlings strong, aged sheep steady, native lambs 8.75 to 9.00, few 6.75 to 6.00 yearlings. prices paid by local interests.
U S Dept of Agriculture notes cattle and hogs trading unevenly but mostly up to 10 cents higher. Hogs top at 9.25 for 190 to 259 pounds. cattle receipts 2,200 head with beef steers and yearlings firm to slightly higher, stockers scarce. sheep and lambs around 10 cents higher with top native lambs at 8.25.
U S Department of Agriculture reports receipts in Omaha with hogs 3 000 head up 10 to 15 cents 180 to 250 pounds top at 9 20 while 250 to 300 pounds bring 5 80 to 9 10. Cattle receipts 2 500 head calves 200 head strong to 50 cents higher steers 9 00 to 11 00 heifers 8 25 to 10 00 cows 4 75 to 6 25 vealers 8 00. Sheep receipts 3 000 head lambs 8 00 to 8 25.
Sioux City market reports cattle and hogs higher with steady fat cattle and scarce stockers. Beef steers and yearlings gain 15 to 25 cents, sows and cutters mixed. Hogs rise 15 to 20 cents with top around 9.20 and 9.00 for common weights. Sheep receipts steady. fat lambs and yearlings priced up to 8.26 and 6.00 respectively. New York bonds show holiday lull with limited trading and mixed results across issues.
Chicago markets show no clear trend as tomorrow’s holiday closes exchanges. Black rust fears offset by hedging pressure from new winter wheat nearby. Wheat steady with mixed moves, corn down, oats down, provisions mostly unchanged.
Chicago reports cash wheat at 80c for sample grade garlicky and No 2 at 9c. Corn price ranges include No 1 yellow 84 14c and No 4 yellow 82 4c. Soybeans No 2 yellow 78c, with various white and yellow corn and oats prices listed. Timothy seed at 5.75 per cwt and new clover seed at 13.25 to 18.25 per cwt.
Market report notes live poultry receipts 24 trucks steady prices unchanged. Butter and eggs steady with large egg receipts 16 053 cases. Potatoes 60 cars on track with light old stock and slow demand. Regional prices listed for Bliss, Alabama Arkansas Oklahoma and California long whites U S No 1 and No 2 with various decay notes and futures closing.
Tonight’s radio lineup lists Hal Kemp and Ted Fiorito orchestras, Fred Allen and Town Hall programs, Broadway variety shows, and international broadcasts. Sports and special events include Cubs vs. St. Louis baseball, Rock Island Arsenal celebration, and the National Capitol Fourth of July concert across multiple stations.
Butter receipts totaled 7 915 pounds with steady market. Creamery extra 92 score 23 1 2 cents per pound, firsts 88 to 91 scores 22 1 2 to 23 1 2 cents, other grades unchanged. Cheese receipts 371 260 pounds quiet. Eggs receipts 34 308 cases irregular. Mixed colors prices noted with standards and firsts at 24 1/2 cents, dirties 42 pounds 31 4 cents, average checks 22 1/2 cents.
Foreign exchange figures show irregular demands in cents for countries including Great Britain France Belgium Germany and others. The report lists Tokyo Shanghai Hongkong Montreal Mexico City and dual quotes for New York Montreal cross rates with a nominal note.
Western grown wools showed moderate activity in Boston on July 3. French combing 64s and finer sold around 68.5 to 70 cents, larger lots at 67 to 70 cents. 48s to 50s 14 blood territory wool brought 56 to 60 cents secured. 58s to 60s % blood wool sold in moderate volume at 66 to 69 cents.
The New York market showed little change with minor gains in motor accessories and select utilities while most leaders held steady or eased slightly. Beans and grains were cautious as foreign exchanges stayed steady. several big manufacturers consider earlier next year line releases to stagger employment, with first half accessory firm earnings better than last year. The Muscatine note cites bids and state procurement rules as a separate legal notice from the Board of Education.
The Muscatine Board of Education invites sealed bids for roof repairs on the Muscatine High School Addition at Sycamore and Sixth Streets. Work includes removing the existing roof and installing a lightweight roof deck with new roofing, with alternate bids for steel or cement tile decks and a possible Guarantee Bond. Bids due by noon July 8, 1935, at Muscatine City Hall.
The Muscatine City Council revises Section 2 of Public Document No. 39993, requiring a class B beer dispensing license and a permit system. Licenses cost 1.00 per year, expire July 1, and revocation bars work for one year. penalties include up to 100.00 fine or 30 days in jail for unlicensed beer sales.
A list of used vehicles includes a 1933 Pontiac four door sedan in excellent condition a 1932 Ford Tudor with heater and good tires a 1931 Pontiac four door sedan with heater and good tires and a well running motor a 1929 Buick four door sedan with spotlight a trunk six wire wheels and good tires plus a 1928 Hudson sedan and a Ford Model T pickup priced to attract buyers.
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