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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 09, 1928
Page
10
Wheat prices jumped as much as 41-4c a bushel in Chicago on June 9 as bullish crop reports and strong export demand supported the market. Wheat closed unsettled, corn dipped slightly, oats steady, with provisions up to 30c.
Chicago cash grain quotes show mixed wheat values across grades with No 2 mixed at 1.95 and No 1 yellow at 1.05. yellow and white oats range from about 66 to 71 cents. barley and timothy seed noted along with lard at 11.79.
Minneapolis grain receipts total 78 cars compared with a year ago. Cash bids show No 1 northern and No 1 fancy northern at about 1.78 to 1.79 dollars, hard spring around 1.50 to 1.79, and Montana spring near 1.62. Corn No 3 yellow at about 0.99 to 1.01 dollars, oats No 3 white around 0.64 to 0.65 dollars.
Louis Missouri market notes show cash prices for grain and oats with No 2 hard and mixed corn values around $1.53 and $1.04 respectively. No 1 yellow corn trades near $1.97, with other grades listed. oats No 2 around 68 cents.
Minneapolis flour market reports unchanged shipments and Bran prices at 28.00 to 28.50 per unit. Market activity held steady with limited price movement across the morning session.
Poultry hens four pounds and over sell at 18 cents per pound light leghorns and blacks 14 cents cocks weights No 1 24 cents No 2 20 cents live cattle hog quotations provided daily by J P Squire Company good butchers priced by weight ranges from 180 to 260 pounds to 27290 pounds with total value around 9 77 dollars
Market notes show Butter mostly steady with standards around 41 to 42 cents. Eggs unchanged with receipts about 21,443 cases. Poultry steady as 6 carload arrivals. Potatoes on track 84 cars with total U S shipments 1,358 cars and prices drifting with old stock and regional declines. Futures list butter and egg storage prices for June July and December.
Receipts show 7,203 tubs of creamery products and 17,709 cases of eggs from nearby hennery browns. Cheese firm reports 137,386 pounds received. Markets indicate varied percentages and price ranges across categories in New York.
The Toledo seed market shows prices unchanged while Kansas City reports higher reading for corn and other produce. Market details include slight shifts with no broad changes, reflecting steady conditions across major grain hubs.
New Hampton Iowa June 9 AP resolutions backed Frank Lowden for president and named President Coolidge and secretary of commerce as undesirable nominees. Delegates to Kansas City from Iowa's fourth district were urged to vote for Lowden without compromise or a second choice.
Geneva reports that the fiftieth session of the League of Nations council adjourned late today.
New York stocks fell amid heavy liquidation in a brief session. Rallies were weak as U S Steel and General Motors led declines to week lows. Trading was influenced by political unease with high priced issues hardest hit and total volume around 1,400,000 shares.
New York reports a quiet session with bond prices easing modestly. Investors expect higher volumes from funds and a surplus above commercial needs to push upprices, while industrials show little change and select issues like Chesapeake Corporation 5s and Erie Ss edge fractional gains amid general rail weakness.
Unofficial Monday receipts show hogs at 57 000 head with prices steady at 10.00 for choice butchers and 10.90 for light and medium weights. Cattle and sheep trade described as nominal with overall rising week totals but limited demand and lower lambs and yearlings as market activity cools.
Chicago market reports 9,900 hogs with top $10.90 for 200 to 289 pound choices. Sows and midweights mixed. cattle receipts 6,990 with weighty steers steady and yearlings, light steers, and beifer yearlings showing gains as market remains active all week.
United States Department of Agriculture reports hog receipts at 2 000 head with market steady to strong and top prices around 9 8 75 for 220 230 pound hogs. Cattle receipts total 200 with varied demand for calves yearlings and steers and veal top near 12 50. Sheep receipts 500 with lambs and yearlings down 1 to 1 50 and sheep 25 to 1 0 lower. top Idaho lambs 18 50.
U S Department of Agriculture reports cattle hogs and sheep receipts at South St Paul Minnesota on June 9 with price changes from the prior week. Fed steers and yearlings steady to higher lighter drafts up to 25 cents, cows and heifers mixed to 25 cents lower. top prices include light steers 14 19, medium weight 14 00, yearlings 14 00, fat cows 5 75 to 9 00. Calves vealers 13 50 to 15 90. Hogs steady to 15 cents higher with lights and butchers around 9 59 to 9 40. sows 8 25 to 8 50. pigs 7 50. Sheep lambs 75 to 81 lower. yearlings 14 1 25 lower. tops: lambs 18 90, yearlings 16 00. ewes 7 50. bulk lambs 17 00 to 18 00.
Department of Agriculture notes hog receipts at East St. Louis with 2 900 head. Prices indicate top hogs around 14 cents higher, bulk weight around 186 pounds with prices near 2 75 per cwt. Light sows and pigs listed nominal.
Packing sows mostly $8.69 with weekly top around 14.00. Cattle receipts 500 head with calves 159 head. steers 215c lower. yearlings and heifers steady to lower. tops include 1067 lb steers $14.40, 902 lb courtiers and 675 lb heifers $14.25, fat yearlings $14.00, bulk steers $13.25 14.5. Sheep receipts 100 head. fat lambs $1.75 lower, culls $1.50 lower. week high $17.00, bulk $16.50 16.75, aged sheep $5.50 7.59, fat ewes $5.50–7.59 by weight.
U S Department of Agriculture report notes cattle receipts at 250 head with various changes from a week earlier including heavies steady and yearlings up 25c. Hog receipts 5 900 head with steady to 10c higher market. top 9 65. Sheep receipts 390 head lambs $1 50 lower. top 17 25, ewes 50c lower, top 7 00.
Indianapolis June 9 AP The American Farm Bureau federation will not abandon its push for farm surplus legislation embodying the equalization fee William H Settle Indiana Farm Bureau director said after a call with Chicago He said Secretary Winder assured continued advocacy of the McNary Haugen bill principle at the Republican and Democratic national conventions The board’s platform draft did not specify the equalization fee.
Eight Iowa pastors were selected for boards of the Danish Evangelical Lutheran Church of America during a Racine conference. Names include Rev N C Mengers of Sioux City on the church extension board and Rev J J Norgaard of Harlan. Other appointments covered elementary education, synod auditing, publishing director at Blair Nebraska, and editor of Ugebladet.
Herbert Hoover secretary of commerce and Republican presidential hopeful is a Missouri farm owner. He holds an eight acre tract south of Graham in Nodaway county bought from a California friend named Collins. The original 160 acres were once owned by Mr. Mellon of Pittsburgh. The farm is managed by W C Pierce of the Farmers' Trust Company in Maryville.
More than a thousand delegates and visitors attended the opening business session of the Lutheran Augustana synod's sixty ninth annual convention in Des Moines on June 9.
At a Kansas City meeting of Hoover opponents the phrase Stop Hoover was adopted as a battle cry. The conference plans a personal canvass of Hoover delegates to sway them away from the commerce secretary. Senator Goff urged delegates to hold their lines and boost anti Hoover efforts.
Upper Iowa conference plans merger funds via a Waterloo based permanent organization. A youth body identified as Wendell Ingledue, 18, died after being hit by a train in Albert Lea. Iowa State College baseball beat Coe 12 2 in Ames. Estate of O J Moore valued over 1 9 million disposed at Sioux City will. Geneva Moore receives one fifth. Montgomery Ward leases downtown Os kalOosa building for a remodel. Des Moines to get air taxi service nationwide Monday via General Aircraft Syndicate.
The starling arrives as a later immigrant from across the Atlantic while the English sparrow was released in Central Park, New York, in 1890, marking different introductions to the United States.
A Hoover campaign director, preferring anonymity, backs the Farm Bureau plank endorsing the equalization principle while omitting McNary Haugen. Supporters like George N. Peck and Mark Woods praise the resolution as 100 percent aligned with the policy, though some Iowa leaders dispute the approach and threaten to press dissent at the national convention. California's delegation arrived at Hoover headquarters, reaffirming loyalty.
President Coolidge told Representative Almon he would confer with senators and representatives on Muscle Shoals disposal upon his return from Wisconsin next fall. He said the discussed bill, which failed by pocket veto Thursday night, would serve as the basis for forthcoming talks.
Washington June 9 AP Great Britain notified the National Aeronautic Association of its withdrawal from the international Gordy Bennett balloon race. The move ends Britain’s entry in the competition.
Indictments against 167 people including Pittsburgh police Superintendent Peter P. Walsh former legislator Sam Grenet and two police magistrates accuse them of conspiracy to violate prohibition laws. Federal agents begin serving warrants as bonds set at 5000 each amid broader probe into illicit liquor rings and citywide conspiracies.
A man wounded by a vigilance committee at Mallard after a burglary attempt at the Farm ers Co operative creamery was taken to Emmetsburg hospital in critical condition. He gave the name Miller Jones but refused to identify himself. A companion escaped through a back window. A Buick with Minnesota plates was found near the scene.
A U.S. weather forecaster Dr James H Kimball warned no trans Atlantic flight should proceed Saturday due to stormy conditions and conflicting winds over the Great Circle route. Miss Mabel Bell delaying her attempt in Columbia while Levine expects a two to three day postponement. In Trepassey Newfoundland the Friendship monoplane's Europe takeoff was postponed to tomorrow because of unfavorable Atlantic weather.
Governor Hammill reappointed W.R. Orchard publisher of the Council Bluffs Nonpareil to the state printing board for a three year term starting July 1. He also named H. N. Holdsworth of Iowa City to the state board of accountancy for a three year term beginning July 1.
Mrs Clara Wales Root wife of Elihu Root former New York senator and cabinet member died at the family home on Fifth Avenue aged 74 after two years with arthritis. Married for 50 years. Funeral services set for Monday at Clinton New York, her husband’s birthplace.
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