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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 02, 1928
Page
10
Wheat prices rose rapidly despite favorable crop reports, with hard red winter and spring wheat prospects improving. Corn traded moderately as futures followed wheat strength, with oats and provisions showing mixed moves. Murray pegged farm corn reserves at 505 million bushels and oats at 115 million.
Wheat and corn prices mixed with varied No 2 yellow and No 3 mixed grades listed. White and sample grades show several cents per bushel differences. Other items include oats barley rye timothy seed clover seed and lard ribs bellies with fluctuating quotes.
Minneapolis dispatch lists receipts of 151 cars and prices for various wheat grades. No. 1 northern quoted around $1.83 to $1.92 with bids and futures months noted. No. 3 yellow and No. 3 white also reflected bids near $0.62 to $1.02, with futures months July September cited.
Wheat prices ranged from 1.48 to 1.62 for various grades and spring varieties. Corn prices showed No 1 white at 1.01, No 2 white at 1.01 and other white and yellow grades near 1.00, with mixed around 0.95 to 0.97.
St Louis market report dated June 2 shows corn and peanut quotes. Corn prices range with No 2 mixed at $1.06 and No 2 yellow at $1.07. Peanut prices list 3 white at around 66 67 1/2 cents and No 4 at a similar level.
AP dispatch from Peoria on June 2 notes cash corn prices rising with No 4 yellow at 1.01 dollars, No 5 yellow at 2c higher, No 6 yellow at steady rates, and sample grades around 96 to 98 cents.
Markets show prices for poaca markets poultry and eggs from Swifx and Con, hens and blacks 14c, cocks and feges. Hog reactions listed by J. P. Squire Company. Good butchers priced by weight from 309 pounds at 3.00 to 200–250 pounds at 9.30, cod butchers 180–200 pounds 3.30, cod medium packers 250–346 pounds 8.20, good heavy packers 8.
St Louis produces unchanged as of June 2 according to AP noting steady prices across commodities in the St Louis market.
Chicago market report shows butter receipts 12 420 tubs with various grades and prices ranging from 38 4 to 42 cents. Poultry receipts include fowls ducks turkeys and geese with mixed prices. Potatoes show 65 car lots with U S shipments and new stock trading slow. Wisconsin Idaho and Minnesota sacked varieties listed with price ranges.
The fragment lists egg quality terms with dates and percentages: fresh gathered firsts for May storage packed firsts for June and refrigerator standards for November. It reflects standardization notes rather than a full event report.
New York on June 2 reports butter steady with 9,581 tubs receipts and creamery extras at 42 1/2 cents. Eggs irregular with 32,576 cases received. fresh gathered firsts at 29 1/2 and seconds at 28 1/2 cents. storage whites at 29 1/2 to 20 cents. Cheese steady with 133,127 pounds received.
June 2 report from New York notes poultry prices steady as buyers and sellers pause. Trading activity remains light and quotations show little movement amid a quiet market day.
Chicago reports rising butter output and more medium and lower grade arrivals, yet little storage movement and slow clearing as buyers hold back. Receipts at major markets show poorer quality, hampering undergrade movement, while sellers seek to keep prices firm.
The report notes a weaker week through May 21 due to seasonal pasture relief and ample local forage. Bran and homing feed weaken while skiddings and heavy wheat feeds stay firm. linseed and cottonseed meal soften, with demand shrinking for high protein feeds. Wheat feed output drops and flour production hits a five month low. new crop feed activity rises in Kansas City at $27 per ton.
The notice lists June price figures for Onte seed and Ztary slave seed, showing domestic cash price at $16.90 and imported cash price at $13.25. The data suggests a comparison of local versus imported seed costs in Toledo.
In Nashua Iowa on Sunday morning Miss Verna Brockett of Mediapolis will marry Robert Crosby of Oakville. The ceremony will be witnessed by the bride's mother and sister. They plan to reside on the farm after a return.
A frame barn on the Guy Hafner farm two miles southwest of Letts burned Friday at 5 pm along with a new tractor, farm implements, shelled corn and hay. Origin unknown though site said to have started during the day. Wind drove flames away from the house. other buildings escaped. Loss partly insured.
Hog trade held at steady levels with demand fairly active overall. Hogs topped near 9.95 for choice butchers. 180 lb hogs softened to 9.90-9.95 and light hogs sold weakly. Cattle and sheep showed uneven or nominal activity with calves down and market signalsweak. Heavy steers brought around 14.50-14.75, but cows and yearlings varied.
U S Department of Agriculture notes hogs receipts and steady market with top 9.95 for 272 pounds, cattle and calves receipts about 500 head, sheep receipts 5,900 head with spring lambs up to 19.25 and fat ewes around 8.00. Prices show mixed gains across categories and carryover stock estimated.
Kansas City livestock receipts total hogs 2490 with steady to lower prices. top hogs $9.45 per cwt for 225-240 lb, feeders $9.49-9.60. Cattle receipts 1200 plus calves 400. heavy steers up to 40c higher, slaughter cows weaker, bulls lower, week’s tops include long yearlings at $14.25 and steers around $14.00, bulk steer prices $12.00-12.50. Sheep scarce. lambs and spring lambs firm to 2c higher, Texas and California lambs $18.25, spring lambs $17.59-18.00, two-year-old ewes $19.75-11.50, top ewes $8.25.
June 2 Omaha market figures show hog receipts at 7000 head with prices mostly steady to 10 cents lower and top hogs around 3.46. Cattle receipts 150 with mixed changes across weight classes and sheep receipts 239 with spring lambs up modestly and fed clipped lambs weaker. closing tops and weekly highs noted for different livestock.
South St. Paul Minnesota June cattle receipts from the U S Department of Agriculture show 150 head. Fed steers and yearlings 25 to percentage higher and fat stock, cutters, cows and heifers strong to 50 cents higher. Week’s prices include ten head steers at 13.50 and 13.75 for experimentally fed medium weights. yearlings 14.16. mixed yearlings 13.73.
Hog prices show mixed movement with light hogs and butchers around 9.25 to 9.35, sows at 8.25, pigs near 7.25, and average Friday cost about 9.02 for 2258 pounds. Sheep receipts were none with no week-ago comparison for lambs.
Receipts show hogs at 4 609 head with a slow market and generally steady prices. Top hogs at 9.66, 180 to 289 pounds 9.35 to 9.50, calves and yearlings notes, cattle tops around 14.00 for yearlings and light steers, cows 8.00 to 10.00, sheep receipts 1 800 with Idaho and California lambs at 18.75 to 19.00 and native lambs around 18.56, clippers 15.75, yearlings 14.00 to 14.50.
Sioux City Iowa June 2 AP Department of Agriculture reports cattle receipts 200 head with yearlings 25 cents higher heavy steers steady cows and heifers steady buyers steady. Hog receipts 6500 head top 9.36 bulk 9.00 9.25 160 186 pounds 8.00 9.60 185 250 pounds 9.00 9.30 256 350 pounds 3.90 9.25 sows 8.60 8.40 pigs 7.50 8. AA worn sheep receipts 100 head week-over-week spring lambs 50 cents higher top 18.75 shorn lambs steady 16.25 clipped ewes lower 7.50.
In Peoria on June 2 AP reports hog receipts around 1,600 with a steady market. Top hogs bring $9.65 while bulk sellers fetch $9.25 to $9.65. Cattle receipts reach 100 head with a steady trend.
Copper shares led a brisk market rise with American Smelting crossing 200 for a new high as General Motors jumped over 6 points to 200. Anaconda and other industrials gained while Chrysler and Dodge faced profit taking. Total volume around 1.8 million shares.
New York June 2 AP The bond market showed easing tendency amid light trading and dull activity. U S government obligations and Liberty issues drifted lower while Anaconda stock rose slightly. most industrials and railroads fell. utilities and foreign issues remained steady with little change.
The New York Clearing Association weekly statement notes total surplus and undivided profits unchanged. Net demand deposits (average) rise to 43.599 million. time deposits increase. Clearings for week ended June 2 amount to 7.6362 billion versus 7.5936 billion the prior week.
New York June 2 AP U S bonds closed with Liberty 3 1 6 8 at 109.10 Liberty 1st 4% at 161.22 Liberty 5 1 2 4% at 190.2 Liberty 4th 4% at 102.1 Treasurys 4% at 113.27 Callender In ill health Joseph Peterson 34 farmer shot himself to death at his farm south of here
The report details Troops 121 123 124 125 127 128 and 129 with meeting attendances from 10 to 28, plans for the Memorial Day parade, field meet prep work, new patrols and books, neckerchiefs for Troop 127, a new knot tying and archery entry for Troop 128, and a camping trip for Troop 129. Photographs from the parade are available at the Scout headquarters with copies obtainable there and camp reservations open for Camp Minneyota near Dixon, Ta., in July.
George Yakle 61 a Wapello resident for 43 years died in a Burlington hospital after ulcers were found in an operation and pneumonia developed. Born Hamilton Ohio December 12 1867 he moved to Wapello at 18. He was married to Abigail Baker then Mary McClintic of Brighton survives along with three children and six sisters and two brothers.
An Austrian researcher has repurposed a butterfly’s eye as a novel photographic lens. The feat demonstrates a bio inspired approach to imaging and lens design.
James Ernest Waite 13, son of Charles and Leota Waite, died at 1 p m in University hospital Iowa City after a 10 day treatment period. Funeral 3 30 p m Sunday at Presbyterian church conducted by Rev J A Saathoff. Burial Oakridge cemetery. Survived by parents a brother Edward grandmother Mrs Gad James West Liberty and grandparents Mr and Mrs C E Waite St Augustine Fla.
Community updates show Verne Boulton moving from Owassa to Akron as new Columbus Junction school principal. Upcoming June 14 wedding plans for Malcolm Channer and Frances Hodsdon in Wisconsin with post September 1 home in Waucoma. Local visits include the Reiley family from Des Moines and Mrs. Lee Mishler’s trip to West Liberty. Hog shipments and cattle movements noted, plus visits to Wapello and St. Joseph.
The article notes that in 1925 the British public lost the legal right to take gold to the mint for conversion into sovereigns, marking a significant change in monetary policy and gold handling by the state.
C C Braunwarth proprietor of Braunwarth Hill nursery opens his annual peony show Sunday and continues next week inviting the public to inspect flowers. He will offer instruction in pollinization and starting new varieties. A rose blooming from Decoration Day to Thanksgiving will be exhibited.
In the Monday primary voters choose a sheriff candidate. Sam Dye, currently deputy sheriff, is highlighted for his experience and proven competency, seen as the logical GOP nominee to lead law enforcement without prejudice or partiality.
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