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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 07, 1911
Page
6
Rain and bearish cables pushed wheat lower in Chicago on June 7 with only cautious shorts providing support. Kansas rainfall aided bears while large world shipments and cash illiquidity kept selling pressure. July futures fell before a late rally, closing firmer at 92 and 54 for corn and oats faded as hog prices dragged provisions down.
Readable excerpts show bid ask figures for grains and provisions including corn oats and soybeans with monthly and midsession prices. Notable items include July and September contracts for corn oats and rye with several price points and a pork and lard section with per hundredweight values.
Chicago June 7 cash grain quotes list No 2 red wheat around 8 92 cents and No 2 northern near 1.01 dollars, with No 2 yellow corn about 54 cents and No 2 white corn around 54 cents. Oats in the 36 to 37 cent range across grades.
Daily movement shows wheat receipts at 241 cars across Chicago Minneapolis and Duluth, with 667 corn cars including 347 contract grade and 436 oats cars. Total receipts compare to 808 cars last week and 166 a year ago.
Wheat July and Sept closed at 86 86 1/2 cents. Cash wheat ranges No 2 hard 89 94 cents No 3 87 93 cents. Corn Sept around 55 cents. No 2 yellow 53 54 cents. Oats steady No 2 white 36 38 cents. Hay mostly unchanged to 50 cents higher. Receipts: wheat 20 cars.
Wheat prices eased with No 2 hard around 85 to 90 cents and No 3 hard at 84 to 88 cents. Corn trends fell with No 2 white about 51 to 51.5 cents and No 3 white near 50 to 51 cents. yellow corn around 49 to 50 cents. Oats and oats receipts noted. oats near 60 cents. Receipts: Wheat 13, corn 163, oats 21. Shipments: Wheat 11, corn 137, oats 14.
Peoria reports corn prices mixed with No 3 white at 53% to 54 and No 2 yellow at 53% to 53% across grades. No 3 yellow 53% and No 3 mixed 53% with No 4 mixed at 50% to 51% and sample 49%. Oats ease with No 2 white at 36% and No 8 white at 36% per bushel.
The Duluth grain market reports closes and bids for July and September futures. July corn stands at 99 cents with 0.934 percent bid on September contracts. Durum grain July is at 88 1 8 cents bid and September at 88 1 8 cents asked.
On June 7 in Minneapolis the grain market posted July wheat at 93 9e, September 93 9e, and December 93c. Cash bids ranged No 1 hard 1.00, No 1 western 97 4% to 99c, No 2 northern 94 percent to 98c, and No 3 wheat 92 95e.
Chicago June 7 Butter steady creamery prices 17 21c. Eyes steady receipts 15 743 cases at mark firsts 13c prime firsts 14c. Cheese easy daisies 11% 11c Twins 10% 1lc Young Americas 11% 11tec Long Horns Hs. Potatoes steady old 60 70c new 1.40 1.45. Poultry live steady turkeys 12c chickens fowls live 13c springs dressed 22 25c. Veal steady 50 60 lb 8 8 ¼ c 60 85 lb 8 9 ¼ c 85 110 lb 10 10 ½ c.
New York June 7 butter steady with 12,797 receipts. Creamery specials at 23 23 and extras 22 22c. Process specials 19c, extras 18c. Cheese firm receipts 4,423. Eggs steady with 28,946 receipts.
New York market notes live poultry firm on June 7. Spring chickens cost 30 to 32 cents, fowls 15 cents, turkeys 11 to 15 cents. Dressed poultry shows irregular. Western broilers 18 to 20 cents, fowls 11 to 14 cents, turkeys 13 to 16 cents.
Chicago cattle markets opened steady to higher for cattle, with butchers dominating early sales and good steers around 5.65 to 6.10 as prime cattle near 5.90. Hogs opened weak but later active trading pushed prices to a top of 6.20, with packers closing about steady from the day prior. lambs showed a tendency to fall, while sheep held steady.
Cattle receipts about 17 000 with steady to higher prices for choice beef. Hogs receipts near 36 000 with market weak versus yesterday. Sheep receipts around 20 000 with stable to steady prices. Prices cited for cattle Texas western stockers feeders cows and calves. hogs by weight and class. sheep by breed and region.
The record notes price references: western at 4.55 with 3.25, stacte 4.35 and 5.40 for lambs at 4.25, native western 4.25 and 7.20. Prices are listed without context or market names.
South Omaha June 7 cattle receipts 5100 market steady native steers 5 20 to 6 20 cows and heifers 3 00 to 5 65 western steers 3 75 to 5 75 stockers and feeders 3 50 to 5 40 hogs receipts 16000 market 5c lower heavy 5 75 to 5 90 mixed 5 80 to 6 05 light 5 95 to 6 05 sheep receipts 7000 market steady sheen 3 75 to 5 50 lambs 10c lower 5 75 to 7 00
St Joseph June 7 cattle receipts 1500 market steady to strong steers 4.50 6.10 cows and heifers 3.50 4.25 calves 3.50 7.75 hog receipts 7000 market weak to 5c lower up 6.10 bulk 5.90 6.00 sheep receipts 1000 market 10 lb higher lambs 4.50 7.25
Cattle receipts at Kansas City reach 8000 with a steady market. Native steers priced 5.25 to 6.35, southern steers 4.25 to 5.70, cows and heifers 2.75 to 6.00, stockers 4.25 to 5.35, western steers 4.75 to 6.10. Hogs receipts 18000 with prices from 5.95 to 6.10 for heavies and packers and sows 6.00 to 6.10, lights 6.00 to 6.10. Sheep receipts 10000 with steady market. muttons 3.50 to 4.25 and lambs 6.00 to 7.10.
Livestock prices show hogs at 5.65 and cows and heifers around 3.50 to 4.00. Grain markets list wheat, corn, oats with mixed bids. hay, feedstuff, and poultry produce priced per unit. Retail and wholesale entries cover butter, eggs, poultry, and various meats with regional figures and per unit costs.
The column lists numerous stocks and their last sale prices including Amalgamated Copper American Beet Sugar American Car & Foundry American Locomotive American Smelting & Refining and others. It also provides bond and ore prices, along with prime grade price ranges for various commodities like mink and fox pelts and references railroads such as Atchison and New York Central.
The New York market opened with active selling pushing prices down led by United States Steel, Atchison, Union Pacific and Interborough Metropolitan preferred and Northern Pacific small losses. As the day progressed fractional recoveries followed the early dip and a late rally pushed many leaders above the prior close with readings like Reading and Missouri Pacific up and Great Northern preferred gaining over three points.
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