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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jul 13, 1933
Page
11
Chicago AP prices declined 5 to 10 cents across hog classes as a sluggish market for dressed pork slowed activity. Top hogs brought about 4.85 for choice medium weights with most at 4.70 to 4.80. Cattle arrivals rose but trade lacked snap with steady to weak demand. steers hit 7.25 top, bulk 5.50 to 6.75. Sheep and lamb bids remained weak with most bids under 7.50, few at 7.65 or higher.
Combined hog receipts in southern Minnesota show 24 hour totals at 41 000 head, down from 24 100 a week ago. Prices vary by weight and yard with light, medium, heavy cuts and sows quoted. Iowa markets in Waterloo, Mason City, Cedar Rapids, Ottumwa, and Des Moines report mostly lower bids across 120 to 500 pound ranges.
U S Department of Agriculture reports 25 000 hogs with 90 000 direct, prices mostly 5 to 10 c lower than yesterday. Heavy weights to 4 50 and below, sow and pig classifications shown. Cattle and calves total about 8 000 head with medium to heavy weights noted.
Markets show hens 6 to 8 cents, old roosters 4 cents. Hog, steer, and cattle prices vary by weight and grade with heavy packers at 3.95 to 4.35, steers steady to slow, vealers and cattle priced up to 7.50 per hundredweight. Sheep receipts 11,000 head with lambs 7.50 to 8.00 for best, under 6.75 for common, and ewes 1.25 to 2.75 per hundredweight.
Kansas City reports slow cattle and hog receipts with animal prices varying by weight. Hog sales show declines of 10 to 20 cents, top hogs around 4.60, while cattle pricing ranges from 3.75 to 6.85 per hundredweight across weights and classes. Omaha and Shreveport areas follow similar slow patterns with lighter demand and mixed top figures.
Minneapolis AP reports flour prices 15 cents higher for carload lots with family patents at 8.65 to 8.75 per 98 lb barrel. Shipments total 24 266 barrels. Pure Bran 19.00 to 20.00, Standard Middlings 20.00 to 21.00.
Raw sugar prices showed little change with minor losses in New York trading. Some out of town refiners were noted as considering price increases by end of session, while local refiners were expected to raise to 470 per ton for fine granulated.
In New York the rise in stock activity lifted the bond market with high grade issues climbing. Semi staple rails led gains up to two points in Missouri Pacific St. Paul Nickel Plate and others as utilities and communications shares firmed. Latin American and European bonds showed mixed moves while U S government issues were uneven.
New York stocks show mixed results with gains in Ford Motor and Woolworth while United Founders and United Gas rise. Notable ties include US Steel and Cities Service edging higher. several energy and manufacturing names fluctuate amid broad market activity.
Wheat prices averaged lower with interest cooling except for some buyers targeting $2.00. Most grains slipped or held steady with oats down yet rye and other grains lifting briefly. Argentina reports its rye crop as the largest in years. July wheat at 1.05 1/8, September 1.07 1/2 to 1/8, rye off 5/8 to 3/4, corn steady to down, oats down 1/4 to 5/8, and provisions down 5 to 25 cents.
AP reports mixed grain quotes from Chicago grain exchanges with various No 1 and No 2 grades for wheat, corn and rye, including prices for hard, mixed, and yellow kernels, plus barley, timothy seed, clover, lard, and belly meat trading at fluctuating levels.
Minneapolis reports 113 railcars of wheat received this year, down from 170 last year. Cash bids show No 1 northern around $1.09 to $1.14, with dark, amber durum and red durum prices varying by protein content and month. Corn and oats prices also listed with No 3 yellow corn at about 55 to 57 cents and No 3 white oats at 44 cents.
Omaha, Neb AP reports grain trading with prices for Wheat and Corn. Hard No 1 quotes range from $1.00 to $1.04, Yellow varieties around $1.01, and No 2 around $0.99 to $1.03. Corn prices show Yellow No 1 about 54 to 55 cents and other grades near 53 cents.
AP notes market receipts for poultry butter eggs and potatoes in Chicago. Poultry prices quoted for hens leghorn roosters turkeys spring ducks geese broilers and fryers with varying cents per pound. Butter eggs and potatoes show receipt counts and price ranges for different grades and regional varieties.
The record lists irregular creamery items with receipts totaling 242657 lbs for cheese and 19 cases for eggs, plus mixed lots and special packs from fresh receipts. Dressed poultry figures are incomplete.
The New York AP report lists varied exchange figures for many currencies including Great Britain at 476.15, France 0.59, Italy 7.60, Belgium 19.96, Germany 34.30, Japan 30.00, and others with several entries marked as N or partial values. Notable pairings include Tokyo 30.00 and Montreal 106.00, with listed cross rates reflecting unsettled market conditions.
United States government bonds closed with values posted by New York traders. The AP reports on the day’s trading, noting shifts in yields and prices across treasury maturities.
In a brisk session led by the alcohol group the New York stock market advanced with wet issues staging large gains and broad participation. Transfers reached about 7.5 million shares as investors drove prices higher despite late profit taking.
Members of the Mercer County Farm Bureau will hold their annual picnic at Weed park in Muscatine on Tuesday July 18. About 25 families are expected to attend with an all day program including kittenball and various games. A noon picnic dinner will be served.
Contractors in Chicago prepare new regulations affecting work on projects linked to Kessinger of Des Moines. The draft measures outline oversight, safety standards, and compliance protocols for contractors and subcontractors operating in the regional construction sector.
Des Moines reports eight new Building and Loan associations approved for membership in the eighth district home loan bank. They include Minnesota Building and Loan associations of St. Paul and Twin City of Minneapolis, Campbell Building and Loan of Campbell Missouri, Clinton Home Savings and Loan of Clinton, Moberly Savings and Loan of Moberly Missouri, Rockhill Savings and Loan, and Western Savings and Loan of Kansas City Missouri. They subscribed for about $104000 in stock.
Unfavorable conditions along the Newfoundland coast kept Colonel and Mrs. Charles A. Lindbergh from departing St. Johns for Cartwright Labrador. It was cold wet and foggy as the couple waited for better skies before their aerial mapping expedition. General Italo Balbo reportedly led 24 Italian seaplanes south from Cartwright toward Shediac New Brunswick today.
The state board of control announced letting contracts totaling about 47 000 for Glenwood state hospital projects. Spencer Construction of Spencer received 14 790 for remodeling the power house, while Murray Iron Works of Burlington secured 32 000 for a 506 hp boiler and two 362 hp boilers. A stokers contract was pending.
Ernest W Schoenig proprietor of the Mecca case at 300 East Second Street filed a petition in bankruptcy in federal district court at Davenport. He was granted 10 days to file his schedule.
Relief projects at Marshalltown halted as R F C workers strike for 35 cents an hour, up from 25, with wages paid in groceries. About 200 men met Wednesday night to decide, and a large group gathered at the courthouse lawn this morning.
A compact classified item list shows multiple for sale notices including a six room modern house on Mulberry avenue, a Pan American trumpet, potatoes at $1.00 a bushel, spring chickens, a five room bungalow, a lawn mower, and a feather bed. Also listed are lost items a Musser park handbag with blue and white cameo pin and a Waterman fountain pen. A trade offer asks a Chrysler sedan model 58 in exchange for a coupe or roadster.
Lela M. Ross of Muscatine files a divorce petition against Ernest Ross in district court for the September term alleging cruel and inhuman treatment desertion and failure to support. The couple wed in Rock Island May 24 1932 and separated that September. She seeks temporary and permanent alimony custody of their child and a writ of attachment for Ross property of 100 dollars.
Community notes from Atalissa detail visits by Atalissa and Mrs Van derlip to Hills congregation and the Hills Ladies Aid gathering. Rev Burdine to preach due to Vanderlip absence. O E S meeting report from Clinton district meeting via Elizabeth Turner. E T Speers visited Anamosa and George Decker for his 30th birthday. Local families in Wilton Moscow and Memphis news include health updates and travels. Community gatherings feature a quilt surprise for Mrs Van Horn and a Moorehead birthday chicken dinner hosted by Rev and Mrs Vanderlip.
Deeds show Ellsworth Hartsock transferring a tract of land in township 8 range 76 west containing three quarters of an acre for road purposes in Muncatine County.
Judge D W Jackson sustained Rock Island railroad motion to strike and for more specific statement in a 5000 dollar damage action brought by Margaret Kary administratrix of the Albert Kary estate after a fatal accident. Separately, Harry Hoxsey vs N G Baker saw demurrer to second count sustained. plaintiff given 20 days to plead over.
Des Moines Iowa’s fire loss for the first six months of 1933 totaled 2 671279 compared with 1932 a drop of 1 329560. The six month tally shows 3600 fires with about 1300 in the 20 largest cities and an average loss per fire of 742 dollars. John W Strohm state fire marshal announced the figures today.
Morning Sun resident Beth Brown suffered a fractured arm and shoulder with minor cuts when her motorcycle hit Baumgardner's gravel truck on road 78 near the Dave Kerr home. George Schofield suffered a possible leg fracture. both were taken to Burlington hospital. The motorcycle was wrecked.
Ida Mae Zornes 11 found $1200 in gold silver and old government paper buried in three jars under a rusty tin pail in her back yard. The money belongs to the finder if ownership is not proven in one year. if the owner appears the finder receives 10 percent.
Funeral services for John J. Tomfeld were conducted at 1 30 p m at his daughter's home 1049 Lucas street and at 2 p m at Ralph J Wittich Funeral Home West Third street Burial was in Wagner cemetery near Letts Pallbearers were Chris Ernest John Fred Henry and Otto Boehl Singers were Mrs Ethel Fairall and Mrs Leo Hart.
The First National Bank of Muscatine in Muscatine Iowa is closing its affairs. All note holders and creditors are notified to present notes and claims for payment. Dated July 8 1933. E E Bloom Cashier.
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