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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 05, 1911
Page
6
Unseasonably hot and dry conditions across the winter wheat belt push prices up on changes and strong cash demand. July corn opens higher, shows gains before retreating as wheat slips. oats rise on Missouri crop drop. pork lard and ribs futures advance despite slow overall provisions.
Stocks opened with few big changes as United States Steel and Erie led activity. Erie rose on strong demand while Union Pacific slipped. later Atchison jumped to 116.5 and Norfolk and Western rose to 109. Rock Island crossed 34 as the market firmed then sold off, with late gains driven by Atchison U S Steel and Erie.
A condensed stock list shows last sale prices for major names including Amalgamated Copper American Beet Sugar American Car and Foudry American Cotton Oil American Locomotive American Smelting Refining Amer Smelting Befng pfd American Sugar Refining Anaconda Mining Atchison Atlantic Coast Line Baltimore and Ohio Brooklyn Rapid Transit Canadian Pacific Chesapeake and Ohio with scattered pricing notes and typos.
Carnegie Steel and Jones and Laughlin Steel plant furnaces, idle for months, were put back in operation today in Pittsburg. A large workforce was employed and the outlook for the local steel trade is reported as better than in months past.
Chicago market report dated June 6 shows butter era steady with creamery quotes a range of 17 to 21 cents for daisies 15 to 19 cents. eggs steady with receipts 20,869 cases at 11 11? and 13 to 14 cents for various grades. cheese steady with multiple brands cited. potatoes steady with new at 1.15 to 1.25 and old at 43 to 48 cents. poultry steady live turkeys and chickens at 12 cents, dressed springs at 24 to 26 cents. veal steady across weight ranges from 8 to 10 1/2 cents.
New York June market report shows butter steady with 6,196 receipts and varying grades from state dairy finest 22 cents to common 17 19 cents. Eggs steady with 17,656 receipts and ranges from fresh gathered first to extras 14 14 ½ cents and whites 17 cents.
Chicago grain and provisions market data shows mixed activity with various near term futures in play. Wheat July to Dec trade ranges around 90 to 94 cents, corn July around 54 to 55 cents, oats 37 cents, and barley about 60 cents. Prices for pork and lard edge lower while short ribs and timothy, clover seeds list notable figures for delivery calendars.
The market shows mixed and standard grain prices with oats higher. No 2 white and No 3 white quotes around 37 to 31 cents, No 4 white near 36 cents, with No 4 mixed and 52 percent figures noted.
Minneapolis grain market notes July Wheat closing at 98 1/4 cents, Sept 93 5/8, Dec 93 3/4 cents. No 1 hard wheat at 1.01 percent, No 2 Northern 95 7/8 percent to 96 1/2 cents, No 3 wheat 92 7/8 percent to 96 1/2 cents.
Daily movement shows wheat receipts at 356 cars across Chicago Minneapolis and Duluth, with 21 wheat cars including 8 contract grade. Corn receipts total 409 cars with 182 contract grade, oats 213 cars. Total deliveries and prior day comparisons noted.
The Duluth market lists Wheat July at 99 3/4 to 99 3/4 cents and Sept at 94 5/6 cents. Durum July 89 3/4 to 89 1/2 cents and Sept 85 1/2 to 85 3/4 cents.
Red Builder a 1907 chestnut Standardbred foal by Red Gamaleon in 2 16 and 14 in list. He is dam Arena A granddam Red Milda 2 12 and full sister to Mabel A Gov Lucas and the dam of Redinda 2 07 making him Redinda’s full brother. Will serve a few mares this spring at 15 dollars.
Rich chestnut foaled 1992 weighs 1200 pounds and stands about sixteen hands. Sire combines Onward and Pilot Jr families. The horse is well known and his colts are strong advertisers. Terms ten dollars.
Chicago cash grain prices list bids by grade for wheat and corn across No 2 red to velvet chaff and durum. Prices show No 2 northern wheat around $1.00 to $1.02 and corn No 2 roughly 54 to 55 cents with various white and yellow and sqq grades quoted.
Wheat closes higher with No. 2 soft at 58 to 87 percent. No. 3 white corn quoted around 52 cents. Oats rise with No. 3 white about 35 cents. Receipts show 44 wheat, 190 corn, 0 oats. shipments list two wheat, 98 corn, 39 oats.
Wheat closed at 87 87.5 cents for September and 86.86.5 cents for nearby contracts. Corn July 54.5 cents and September 55 cents. Cash wheat mostly steady to up. No 2 hard 89 14 95 cents, No 3 87 93, No 4 90 cents. Oats mixed and unchanged. No 2 white 54.54.5 cents and No 2 mixed 34 35 cents. Rye 85 90 cents. Hay strong with timothy 17.00 18.00 and prairie 13.25 14.00. Receipts Wheat 69 cars.
Peoria grain prices show gains with corn values higher. No. 2 yellow and No. 3 yellow corn listed at 54 cents per bushel, as well as No. 2 mixed at 54 cents, in the daily market update from Peoria.
The St. Louis market report notes wool prices steady across territory and western regions. Fine wools sell at 17 to 18 cents per pound with top grades around 17 to 18 cents. Market activity remains quiet with limited demand and steady quotations.
New York June 5 poultry prices show dressed steady. Western broilers 18 to 20 cents. fowls 12 ½ cents. turkeys 13 to 16 cents.
South St Joseph June 5 cattle receipts 1500 market slow steer values 4.50 to 6.00 cows and heifers 3.50 to 5.75 calves 3.50 to 7.75 hog receipts 5000 market 1 cent higher top 6.00 bulk 5.85 sheep receipts 3000 market steady lambs 4.50 to 6.50
The Rev H W Munster goes on annual vacation Monday leaving for Madison Wis via La Salle to meet wife and stay with Prof and Mrs G Ware Stevens. They will renew old ties after teaching at Iowa Wesleyan. Services will be altered during absence with Bible tercentenary events and Children’s day plans scheduled at Musserville and Island churches.
Cattle receipts were moderate with no declines in overall trade. Hogs opened stronger and held gains as Packers paid up to 6.00 for prime heavy hogs. Lambs and sheep posted 10 to 15 cent gains, with best clipped lambs up to 7.40.
Cattle receipts near 19 600 with slow steady market. Hogs about 35 000 and 36 500 at opening and close with prices rising to 6 95 for good hogs. Sheep receipts around 20 000 with steady to strong demand for natives and western lambs and yearlings.
Cattle receipts 8000 with a steady market. Native steers 5.20 to 6.35, southern steers 4.00 to 5.60, cows and heifers 3.00 to 6.00, stockers 4.25 to 5.50, calves 5.00 to 7.50, western steers 4.75 to 6.10. Hogs receipts 11000, market higher to steady with bulk 5.85 to 5.95, heavy 5.85 to 5.95, lights 5.99 to 6.00. Sheep and lambs muttons 3.50 to 4.25, lambs 5.50 to 7.09.
South Omaha June 5 cattle receipts 4200 market steady to stronger native steers 5.25 to 6.25 cows and heifers 3.00 to 5.70 western steers 3.75 to 5.75 stockers and feeders 3.50 to 5.00 hog receipts 5600 market steady to higher weights 5.65 to 5.85 mixed lots 5.75 to 5.85 pigs 3.00 to 3.50 sheep 3.25 to 3.50 lambs 6.00 to 6.75.
The First Baptist Sunday school class of W. H. Franklin will meet Friday evening at 224 Pena street rather than Tuesday. Miss Ada Kopf hosts with a planned entertainment for the youngsters. Refreshments and a short program will be provided.
Miss Lucy Steinke recovers from illness while William Butcher and family visit the Krueger family on the Island. Miss Pearl Hoyt guests Muscatine friends Sunday. Brown children recover from measles. Mrs Herwig’s home on Grandview avenue undergoes improvements including a new coping and asphalt porch. Frederick Struck and Arthur Struck visit Rock Island from Denver and were hosted by South Muscatine friends.
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