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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jul 19, 1933
Page
9
In Chicago the swine market shows prices easing with most sales around $4.60 to $4.80 for hogs. Packers direct receipts were about 9,000 head, while other markets faced ample supplies and a broad decline. Cattle and lamb prices also moved lower or steady as demand varied.
The report lists live hog quotations from Cedar Rapids Mason City Waterloo Des Moines with price ranges by weight and class. Prime hogs 180 to 260 pounds vary from 3.75 to 4.05 per hundredweight and similar tiers appear for 260 to 350 pounds with adjustments for good packers and sow weights.
Interior Minnesota hog market ended at 8:00 a m with 400 head traded, down from 22 600 a week ago and 17 000 a year ago. Prices varied by weight range from lightly traded orders 140 to 160 pounds up to 550 pounds, with packing sows 275 to 550 pounds.
U S Dept of Agriculture reports 25 000 hogs including 9 000 direct, prices range from 3 25 to 4 85 for various weights and sows. Cattle receipts hit 11 000 with calves at 2 000. fed steers and heifers steady as killing quality improves and long fed steer crop dominates.
Daily quotations from Muscatine Iowa report good hogs at 100 to 140 pounds 2.40 to 3.65 per hundredweight and 140 to 160 pounds around 3.65. 180 to 260 pound hogs priced 4.30 and up. Old roosters and poultry quotes noted with cents per pound.
Cattle prices show light steers and yearlings slow with best long yearlings around 7.05. Vealers and cows move higher, slaughter cattle 550 to 1500 lbs quoted from 3.50 to 7.75. Feeder steers 500 to 1050 lbs bring 4.50 to 6.00. bulls and cutters sell 2.60 to 4.25. Sheep receipts 19,000 with general firmness and stronger bids for natives. best lambs above 8.25, 90 lb lambs 6.75 to 8.25, next grades 4.00 to 7.00.
Receipts total 4 500 hogs 160 direct price range 5 to 15 cents lower than Tuesday with early top 4 65 for 220 to 240 lb select. Cattle receipts 4 500 with calves 800 opening slow and steady to slightly lower. steers 550 to 900 lb 5 50 to 6 85. yearlings 6 75. cows and heifers steady to lower. Sheep receipts 4 000 lambs up 25 to 40 cents and yearlings 10 to 15 cents higher with top native lambs 7 75.
The bond market rose on gains in electric power output, steel activity, and favorable earnings for the June quarter. Advancing issues included Erie, St Paul, Illinois Central, Southern Pacific, American Telephone, Pacific Gas Electric, Loews, Dodge Brothers, and Standard Oil of New York, with government issues also edging higher. Foreign bonds showed mixed gains as profit taking reduced some buoyancy.
In Peoria Illinois hog receipts reached 3 500 head with top 4 90 and bulk 4 70 to 4 90. Cattle and calves showed 200 head each with steady prices and top cattle at 6 00. Market activity and regional barn trends outline a balanced livestock day for the Peoria market.
U S Department of Agriculture notes hogs at 4.25 to 4.50 for 18 to 350 lb, down 15 to 25c, top 4.50. sows 4.00 to 4.15, feeder pigs 2.75 to 3.25. Cattle receipts 600 head, calves 300, fed steers and yearlings 5.50 to 6.60, best above 6.90, sheep and lambs mixed gains 25 to 35c, feeders strong, lambs 7.50 to 7.75, yearlings 5.50, ewes around 2.00.
Minneapolis flour shipments reach 16 251 barrels with 98 lb sacks. Prices listed include various products such as Pure Bran and Middlings with price ranges from 0.00 to 22.50 per barrel. Local AP report notes tower carload lots and family patents amid price listings.
The Associated Press reports varied closing moves across major stocks led by Aluminum and Motive sectors with notable quotes in General Motors Am Steel Foster and Gillette while DuPont Eastman Kodak RCA and U S Steel show mixed gains and losses. Several utilities and consumer firms trade unevenly with Dow components and energy names reflecting cautious market sentiment.
Chicago prices fell sharply with wheat down more than 13 cents a bushel amid overbought corrections after nine days of speculative buying. Corn oats rye and barley also eased as selling intensified near the close, with May at 1.12 and other contracts slipping and closing from 1 to 5 cents lower on the day.
The report lists Chicago grain prices for Wheat Corn and Rye with various No. and color grades and bids. It also shows seed costs for Timothy and Clover seed per cwt with ranges from 4.00 to 12.00 dollars. No sales reported for rye.
Minneapolis market bulletin lists wheat receipts at 281 cars, down from 125 last year, with cash bids across grades: No 1 northern around 1.054 to 1.0715, No 1 dark northern 14 to 15 percent protein near 1.081 to 1.102, and various durum and amber grades. Corn and oats prices for No 3 yellow and No 3 white are also noted.
Chicago AP notes live poultry receipts at 29 trucks with steady prices for hens Leghorn roosters and turkeys and rising Rock and colored lines. Butter receipts total 10 449 pounds with varied creamery scores, while eggs see 7 657 cases with steady prices. Trading remains slow amid heavy supplies and unsettled market conditions.
New York reports show butter receipts at 13 665 tubs with varied grades and prices across the board. Cheese receipts total 332 118 pounds with firm state flat milk products and mixed color selections noted in the week’s market listings.
United States government bonds closed with Liberty 314s at 102.20 Liberty 1st 44s at 102 Liberty 4th 414s at 102.27 and Treasury 44s at parity. Market notes indicate steady AP coverage from New York.
AP reports New York power production topped all prior gains since the May upturn. Edison Electric Institute notes output reached 1,648,555,000 kilowatt hours, up from 1,538,500,000 the year before and 1,415,704,000 in 1933, marking a strong weekly rise and solid gains through July 4.
Stocks led lower by alcohol issues and grain and cotton declines. Trading volume surged with transfers near 7.5 million shares as leading distillers fell 3 to 17 points and other “wet” issues dropped. Bonds inched higher while overall market tone remained cautious about near term gains.
Policyholders in Chicago oppose the proposed plan for reinsurance of the Illinois Life Insurance Company by Central Life Assurance Society of Des Moines Iowa. Three groups file formal objections in federal court as Judge James H Wilkerson weighs the plan. They cite the financial condition of Central Life including $4.7 million in mortgages in default and $775,000 of $7.9 million in bonds in default.
The fourteenth annual reunion of the descendants of Frederick and Sophia Miller will be held in Weed park Sunday July 30. A picnic dinner and supper will be served and in the afternoon a program of games and contests will be directed by Mrs Augusta Timm of Iowa City.
About 150 attendees witnessed two one act plays by the New Era Young People's Society. Green Shadows featured Aunt Harriet Sims Agnes Hetzler Barbara Knight Corrine Hetzler Robert Knight Roger Kretschmar Clifford Pantel Mrs Knight Rita May Sauer Jacob Brei. At the Stroke of Twelve is a mystery comedy with Lize Myrtle Brosart Eileen Marie Briggell Miss Briggs Eileen's aunt Helen Pantel Miss Sample Odetta Grimm George Baker Ferdinand Anderson Margaret Kretschmar directed by Ida Mae Hetzler. Interludes included Harland Hetzler piano solo Odetta Grimm and a boys trio Jacob Brei Clifford Pantel Roger Kretschmar Grace Petersen.
Letts-Mr and Mrs M L Shellabarger and Dorothy entertained at a cafeteria dinner in their Muscatine home Sunday in honor of Bruce Ellis of Pendleton Oregon visiting his mother Mrs Emma Ellis at Letts. Guests included the Shellabargers Eliasons Turkingtons and several Letts residents. The event concluded as Ellis prepared to attend the Elks convention in Milwaukee.
Members and families of the Priscilla club gathered at Lone Tree park for the first picnic dinner in a series. Guests enjoyed an afternoon of kittenball with numerous couples and individuals named in attendance. A second picnic is planned for the third Sunday in August.
High Prairie Mr and Mrs Les lie Hoopes were guests at a reunion at Ernest Hoopes home. Evelyn and Noel Hoopes dressed as bride and groom presented a gift of silver. They plan to live in Monta Bell California. Attendees included numerous Hoopes relatives from Muscatine Iowa City California Cranston and High Prairie with extended family members and children.
Relatives and friends surprised William Workman on Sunday at his home with well-filled baskets to celebrate his birthday and that of his grandson. An informal afternoon included a kittenball game with participants the Freyermuths and Holmes families among others.
The Davenport Farm Loan association seeks applications for 4 percent farm loans in Clinton Scott east Muscatine and Cedar counties. Albert Carroll serves as Secretary at 419 Brady Street Davenport Iowa.
Des Moines reports show corn progress solid with only dry localities and southern counties facing chinch bug damage in the flying scattering stage. Oats and barley harvests finish in the south and advance elsewhere as rains and cooler temperatures aid late oats. Pastures recover, but second crop hay remains light.
Elliott Roosevelt arrives in Chicago from Nevada amid questions about a romance with Ruth Googins of Fort Worth. He declines to discuss personal matters or a possible remarriage, saying he will inform the public when ready.
Wapello and Mediapolis visitors include Mary Louise and Idabelle Dodds with relatives. A church Epworth Leaguers party ends with winners and losers named. a stray fact notes England ships 10 million milk bottles yearly. Numerous family and neighbor names appear in the social notices.
Lawrence Martin of 629 Maple Avenue waived a preliminary examination in Justice J. C. Coster's court this morning on a charge of driving an automobile while intoxicated and was bound over to the grand jury. He posted a $300 bond for release after arrest by Officers John Strain and Harry Eades on a Maple Avenue street corner at 1:30 a.m.
Final rites for Mrs. Emma Ogden were conducted at 3 p m at the Fairbanks Home for Funerals by Rev K M Jeschke. Burial followed in Greenwood cemetery with pallbearers Dr J G Johnston Walter Weierhauser Harry Weierhauser Clarence Valett Chester Sander and Leonard Fuller.
Hannah Williams 22 said she is finished with the stage to focus on being wife to Jack Dempsey 38. The Broadway musical comedy star and the former heavyweight boxing champion wed in Elko Nevada on Tuesday.
General Italo Balbo leads a 24-ship Italian flying boat armada from Chicago Lake Michigan at 6 42 a m CST after a three day stay for the centennial exposition. The fleet heads east toward the air mail route to New York with U S escort planes in close formation.
Iowa Muscatine County opens testament claim for Ida Koehler. Will reading occurred July 18 1933. Hearing on August 14 1933 at the June Term of the District Court announced by Clerk E C Erwin. Coster and Coster Attorneys listed.
Instrument purporting to be the last will and testament of Charles J. Miller of Muscatine County was presented on July 19 1933 and filed at the June Term of the District Court. Attorneys Erwin and Randall.
The First National Bank of Muscatine Iowa closes its affairs. Note holders and creditors must present notes and claims for payment. Dated July 1933. E. E. Bloom, Cashier.
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