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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 03, 1911
Page
8
The New York clearing-house banks show a reserve surplus of 27,249,350 over 25 percent requirements, a weekly decline of 9,097,625 from last week. Loans rose 13,807,200 while deposits increased 7,311,300. specie and legal tenders fell. overall reserve and surplus declined.
Chicago dispatches indicate 29 to 25 percent Hessian fly damage in northern Indiana, fueling a wheat rally as hot dry weather presses prices in the southwest and parts of Russia and Roumania. July futures advance with strong buying from foreigners amid corn strength and farm movement expectations.
Daily movement shows receipts and shipments of flour wheat corn oats rye barley with car lot figures. Wheat totals 333 cars across Chicago Minneapolis and Duluth today, down from 522 last week and 184 the year ago day.
Trading data from Chicago shows mixed activity across grains and meats. Wheat, corn, and oats display fluctuating highs and lows for July September and December futures, while pork, lard, and short ribs quote steady to modest changes in July and September contracts.
Chicago reporters list June 3 prices for wheat oats rye and barley with No. 2 red wheat at 96 cents and No. 2 northern at around 1.00 to 1.02 per bushel. Prices for oats range about 35 to 38 cents, rye 92 to 93 cents, and barley 60 to 90 cents, reflecting a range of quality grades and white yellow variants.
Wheat July bid 86 3 4 cents Sept 85 8. Corn July 53 5 sellers Sept 54 4 sellers. Cash wheat higher with No 2 hard 84 4 95 cents and No 3 hard 964 93 cents. No 2 red 88 89c, No 3 red 87 89c. Oats steady to up 0 perc No 2 white 36 tec No 2 mixed 33 34 4c. Rye 85 90c. Hay strong to 1 25 higher Choice timothy 17 00 18 00 Choice prairie 13 25 14 00. Receipts Wheat 18 cars.
Wheat is 4 cents higher with No 2 hard at 88 to 91 cents. No 3 hard 874 to 89 cents. Corn up about a cent with No 2 white 50 to 51 cents and No 3 white 60 to 61 cents. Oats rise about half a cent with No 3 white 34 to 34 1/2 cents. Receipts: wheat 23, corn 107, oats 15. shipments: wheat 6, corn 96, oats 11.
St Louis market reports cash wheat advancing with No 2 red at 90 to 91 cents and No 2 hard near 91 to 97 cents. Corn and oats also rise with No 2 white at 55 to 56 cents and No 2 yellow oats at 38 to 46 cents. Futures extend gains for wheat July at 83.3 to 88 cents and Sept around 88 to 84 cents with corn July 54 to 65 cents and oats July 36 to 46 cents.
Peoria Illinois reports price quotes for corn high er No 2 yellow 53 percent No 3 yellow 53 percent No 2 mixed 53 percent No 4 mixed 51 percent and cannia Aa Pamuipio mVL oats higher No 2 white 36 percent standard 361 percent No 3 white 36 percent No 4 white 36 cent.
In Duluth on June 3 the grain market closed with Wheat July at 99 1/2 cents bid, Sept at 94 3/4 cents. Durum July at 89 3/4 cents, Sept at 85 1/4 cents.
In New York on June 3 wheat prices closed July at 98 3 4 cents and September at 96 3 4 cents. Corn closed July at 62 1 4 cents and September at 61 4 cents.
Butter weak with creamery prices from 17 21 cents. Daisies 154% 19 cents. Eggs weak with 14 466 cases received. firsts 13 cents, prime firsts 14 cents. Cheese steady with Daisies 11% 11% cents, Twins 10% 11 cents, Young Americas 11% 11% cents. Potatoes new 1.10 to 1.20, old 38 to 40 cents.
New York market report shows butter unsettled levels with 8,449 packages received. Creamery items sold as specials at 23c per unit, state dairy finest at 22c. Eggs demoralized with 20,179 cases received and prices for fresh gathered eggs quoted around 15c for first quality and 9c for good to prime.
Butter Creamery ranges at 22c for firsts 19c for seconds 17c packing stock inc. Eggs Extras 16c firsts 14c 4c seconds 8c.
In St Louis on June 3 butter remains steady at 17 22 cents per pound with creamery and eggs also holding steady prices. Market notes show no change in dairy and egg figures for the day.
In St Louis on June 3 the market shows Wool-Un changed with territory and western mediums at 17 20c, fine mediums at 17 20c and fine at 12 15c. Prices noted for wool types and conditions.
St Louis market report lists lead at 4.22% to 4.25 and spelter at 5.25 with June timing. The note shows current price levels for metals in the St Louis market.
Chicago June 3 hogs were steady with late demand giving a strong tone. Scalpers moved in while packers held back early deals. Cattle closed weak and lower aschers stuff looks likely to fall further. grassers hard to sell and Texas cattle competition weighs in. Lambs recover some losses as season advances. choice lambs stay firm while sheep demand remains tepid.
Cattle receipts around 200 head with steady market. Reeves prices from 5.15 to 6.40, various cattle types quoted. Hog receipts about 9 000 with slow demand and mixed price ranges. Sheep receipts near 5 000 with steady market. Native and western offerings listed with lamb and yearling prices. Livestock prices closed unchanged.
South Omaha Neb June 3 cattle receipts 100 market steady native steers 5.25 6.15 cows and heifers 3.00 5.60 western steers 3.75 5.75 stockers and feeders 3.75 5.50 hogs receipts 6 600 market steady heavy 5.65 5.85 mixed 5.75 5.80 light 5.85 5.95 sheep 3.65 5.40 lambs 6.25 7.50
South St Joseph Missouri June 3 cattle steers priced at 5.25 to 6.15 cows and heifers 3.22 to 5.25 calves 4.00 to 7.75 receipts 2 000 market steady top 5 92 and a half bulk 5 80 to 5 90 lambs 5.70 to 7.00 receipts 200 market steady
Cattle receipts 200 with steady market. Native steers 5.25 to 6.35, southern steers 4.10 to 5.50, native cows 3.00 to 6.90, stockers 4.25 to 5.50, bulls 3.85 to 5.00, calves 5.00 to 7.50, western cattle 5.00 to 6.15, western cows 3.00 to 4.75. Hogs receipts 2,000 with steady market. bulk 5.89 to 5.90, heavy 5.80 to 5.85, packers 5.80 to 5.90, lights 5.80. Sheep none. market steady. Muttons 3.50 to 4.25, lambs 5.50 to 7.00.
Cattle receipts total 100 with market steady. Native beef steers 5.50 to 6.25, cows and heifers 3.50 to 6.15, stockers and feeders 3.00 to 5.25. Hog receipts 3,500 with hogs steady. pigs and lights 5.90 to 6.05, packers 5.40 to 6.00, butchers and heavy 5.90 to 6.05. Sheep receipts 1,500 with steady market. native muttons 3.75 to 4.25, lambs 5.50 to 7.90.
Chicago poultry market steady with live turkeys at 12c and live fowls at 12½c. Dressed springs fetch 22 to 26c. Veal prices steady with 50 to 60 lb weights at 7 to 7½c, 60 to 85 lb at 8 to 9c, and 85 to 110 lb at 9 to 10c.
Poultry markets in New York on June 3 show alive prices steady with springs at 30 to 32 cents, fowls 14 to 75 cents, and turkeys 14 cents. Dressed meat remains quiet with Western broilers 18 to 28 cents, fowls 11 to 14 cents, and turkeys 13 to 16 cents.
St. Louis on June 3 reports steady poultry prices across categories. Chickens run 10 to 14 cents, spring chickens 22 to 24 cents, turkeys 12 to 16 cents, ducks 9 cents, geese 5 cents.
Opening stock market trading shows gains held and in some cases extended. The Hill stocks rose with Northern Pacific up 4 percent and Bethlehem Steel up a point as confidence in general conditions supported broad participation. Union Pacific, Reading and St Paul contributed to the rise while a million dollar Atchison convertible 4s of 1960 traded at 105 and 105 1/4. Close was active and strong though some profit taking pulled prices back slightly. Only American Telephone and Canadian Pacific showed heaviness.
The list shows numerous equities with percent values such as Amalgamated Copper 67% American Beet Sugar 53% American Car & Foundry 57% American Locomotive 42% American Smelting 80% and others like Atlantic Coast Line 108% Chicago & Northwestern 149% New York Central 109% United States Steel 78% Western Union 81% plus many entries with fractional or unclear figures. The page aggregates market quotes for major corporations and railroads with varied percent figures and some garbled text.
New York money on call nominal with time loans firm at 60 days 2 percent 90 days 2 3 six months 3 percent. Prime mercantile paper 3 4 percent. Sterling exchange easy with bankers bills 4.84 60 day 4.85 85 4.85 90 demand. Commercial bills 4.83 percent. Bar silver 53. Mexican dollars 45. Government bonds steady. Railroad bonds irregular. Chicago exchange on New York 35 cents premium. Liverpool corn and cotton exchanges closed.
Raw sugar remains firm with Muscovado 89 test at 3.36 dollars, centrifugal 96 test at 3.86, molasses sugar 89 test at 3.11, refined steady at 5.70 crushed, 5.00 granulated, 5.10 powdered. Coffee spot steady with No 7 Rio 125 16, No 4 Santos 13.
Galveston cotton prices remained steady as of June 3 with a 15 percent decline noted in the market report. Market observers cited stable demand and unchanged upland figures amid regional trading activity.
Your range of comfort is limited by your coal supply during winter. If short, replenish coal bins now for a long winter. Best grades of house coal offered at lowest market prices. Stove and furnace fuel of top quality, well screened and clean. You get full weight.
Rock Island section men repair the East Second street crossing after rot and holes endangered horses. Work expected to finish today. Local notes include J. W. Lewis returning from Arden and house visits by Mrs. E. Ressler and family, plus Caroline Bradley back from Iowa City and Carl Koontz in Riverside on business.
Rev Thomlinson of Mulford Congregational church will take a six week vacation starting late this month or early next month. Arthur Ryan, recently ordained and Oberlin graduate, will fill the pulpit in his absence and depart Sept 14 with his wife for missionary work in Constantinople. Ryan will visit Idaho relatives for about three weeks before Thomlinson returns. John A Robbins plans to accompany Thomlinson.
The Musserville Friends Church plans outdoor prayer meetings on members lawns after the first service on the church lawn. Next meeting location undecided but likely at a member’s residence. South Sidings notes and Kappa Delta gatherings at Miss Edna Hartman’s home with Ruth Rosenmund assisting.
The A B Clarke Horse Sales Co announces a major sale in Miles City Montana beginning June 19 for four days featuring 500 mares and foals 500 Indian ponies and 1000 broke horses. Horses will be sold by auction or private sale with a promise of abundant stock and no postponements.For particulars write TM to Clarke.
West Liberty Iowa June 3 140 members of the alumni association attended a reception for the graduating class at the opera house. The program featured piano by Pearl Propst vocal solos by Wilma Whitaker and Lina Lane remarks by Mrs. W H Shipman Cedar Rapids Don Barnes and letters from Archie Ditmars and George Thomas San Diego Calif. The evening closed with a burlesque of Cupid at Vassar performed by Jesse Duple Winifred Hill Daisy Rideour Lysle Duple and Clayton Mosher and new officers were elected: President Jesse Duple Vice President Paul McCann Secretary Mrs J C Kimball Treasurer Vern Kirby.
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