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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 10, 1911
Page
9
The weekly clearing house banks report a $38,840,200 excess over the 25 percent reserve rule. Loans rise by $6,789,800 and total deposits grow to $1,338,867,700 while reserve increases $4,216,500 and surplus $1,590,850. Specie up $4,288,600. legal tenders down $72,100. U S deposits fall $1,500.
Rains and cooler weather in Nebraska sparked selling in the wheat pit as prices slipped. Favorable crop news from Europe and Argentina, plus a hot wave forecast for Kansas, drove declines with July wheat near 92 to 88 cents and corn and oats also easing. Provisions futures showed light offerings and weak demand with pork around 15.30 and lard near 8.50.
The Chicago market shows Wheat, Corn, and Oats futures for July September and December with varied highs and lows. Livestock prices run mixed with Pork, Lard, and Short Ribs quoted in dollars per unit and rye, barley, timothy, and clover listed with cash prices.
Chicago cash grain prices report a range of bids across wheat and corn. Wheat prices show No 2 red at 89 to 92 and No 2 northern at 96 to 99 cents. No 3 and hard red varieties vary, while velvet chaff and durum hold around mid 80s to 90 cents. Corn bids run from No 2 at about 54 to 55 cents with No 3 and No 4 grades near 49 to 54 cents.
Promote a savings plan offering 4 percent interest per full month with flexible withdrawal. Encourages starting with any amount from one dollar and invites visitors to come in Saturday night to open an account.
The data shows oats No 2 at 36 arc No 2 white at 38 per cwt and related wheat bids 38 Ke for standard grade. Prices quoted include fractions and cents for several white and white mixed grain classes.
Daily movement of produce shows receipts and shipments across several grains. Wheat total 240 cars in Chicago Minneapolis and Duluth, with 25 car Wheat including 5 contract grade, 543 car Corn with 197 contract grade, and 183 car other oats and barley etc. Comparisons show 253 cars last week and 223 cars the same day a year ago.
Wheat prices mixed with July and September futures around 84 34 cents bid. Corn futures July about 54 to 55 cents received as sellers and bids. Cash grain quotes show No 2 hard wheat 87 to 93 cents, No 2 red 85 to 86 cents, corn No 2 mixed 54 to 55 cents, oats 36 to 39 cents, rye around 90 cents, and hay steady with timothy 17 to 18 dollars. Receipts: 29 cars of wheat.
Wheat mixed with slight declines as No. 2 hard sells 85 to 89 cents. Corn shows little change with various grades quoted from 51 to 53 and receipts reported at 12 wheat, 100 corn, 35 oats. Oats steady with No. 3 white around 36 cents and No. 3 yellow near 36 cents. Shipments show 5 wheat, 109 corn, 15 oats.
Wheat spot steady with No 1 Manitoba at 7s 512d No 2 Manitoba 7s 31 6d No 3 Manitoba 7s 34d Futures steady July 6s 10 ½d Oct 6s 8 4d Corn spot mixed steady New American 4s 8d old 7s 4d New American kiln dried 4s 10d July 4s 10d Oct 4s 11 4d
Peoria June 10 corn prices declined with No 2 yellow at 53 and a half cents No 3 yellow at 53% No 3 mixed 53% No 4 mixed 51 cents and no grade 43% Oats rose with No 2 white 38%4 cents standard 38 cents and No 3 white 37% cents.
Wheat futures closed July at 94 and September and December at 91 and cash markets quoted No 1 hard at 96 and No 1 northern at 96 No 3 wheat at 89 and 93 respectively Reflects steady prices across contract months and cash grades in Minneapolis grain trading
Duluth market report shows July wheat at 95 and September at 92 a slight decline from previous, with Durant July at 84 cents nominal and September at 83 cents asked.
Chicago June 10 hogs closed steady as packer demand stayed light. Prime hogs quoted at 6.30 with many around 6.25. Cattle prices nominally unchanged from yesterday. Sheep and lamb prices nearly nominal as most offerings were southern lambs for direct packer sale.
Cattle receipts about 200 with steady trade. Beeves 5.15 to 6.50, Texas steers 4.50 to 5.75, western steers 4.75 to 5.65, stockers 3.85 to 5.75, cows and heifers 2.40 to 5.80, calves 5 to 8.85. Hogs receipts about 11,000 and generally steady. ranges 5.65 to 6.35 for most, bulk 6.15 to 6.30. Sheep receipts around 7,000 with steady to weak trade. natives 3.00 to 4.50, western 3.25 to 4.60, yearlings 4.35 to 5.20, lambs native 4.25 to 6.65, western 4.25 to 6.90. Closing: cattle 200 receipts steady. hogs 12,000 receipts steady. sheep 7,000 receipts weak.
Receipts show cattle steady with native steers at 5.00 to 6.35, southern steers 4.00 to 5.60, and native cows and heifers 2.75 to 6.15. Stockers and feeders 4.00 to 5.25, calves 4.50 to 7.50, western steers 4.75 to 6.10. Hogs receipts 4,000, market strong to higher. bulk 6.15 to 6.20, heavy 6.10 to 6.20, packers and butchers 6.15 to 6.25, lights 6.15 to 6.25. Sheep receipts 200, market steady. muttons 3.40 to 4.00, lambs 5.50 to 7.00.
South Omaha Neb June 10 cattle receipts 300 market steady native steers 5.25 6.25 cows and heifers 3.00 5.85 western steers 3.75 5.80 stockers and feeders 3.50 5.40 hogs receipts 7100 market higher heavy 5.75 6.00 mixed 5.90 6.00 light 6.05 6.20 sheep receipts 700 market steady sheep 3.50 5.25 lambs 5.75 7.10
South St. Joseph Missouri June 10. Steers 5.25 to 6.20. Cows and heifers 3.00 to 6.00. Calves 4.25 to 7.76. Receipts 5 000. Market steady to top 36.29. Principal sales 6.10 to 6.26. Sheep and lambs 5.50 to 7.00.
Butter and cheese hold steady with unchanged quotes as market receipts show 9,186 pounds of butter, 1,695 pounds of cheese, and 15,851 eggs logged for the day in New York. Prices reflect a quiet trading session with no notable shifts.
Chicago market report June 10 shows butter steady. creamery and cheese brands listed with价格s and daisy, twins, Young Americans, Long Horns varieties. Eggs hold at 11 to 14 cents for firsts and prime firsts. potatoes steady old and new ranges. poultry firm with turkeys at 12 cents and fowls 13 and a half cents. veal prices across weight brackets.
The New York market closes with active and strong buying in pockets. United States Steel climbs to 78 amid renewed railroad interest while Southern Railway preferred and Lehigh Valley show gains. Third Avenue railroad plans spark liquidation and a drop in 14% notes.
New York bonds and commodities mixed with copper, steel and railroad shares led a quiet market session. Wheat, oats, and farm prices showed modest moves while livestock and dairy markets posted varied gains at wholesale and retail levels.
The report from St. Louis on June 10 details wool categories with irregular grading and price ranges. Irregular wool in territory and western markets shows 17 19 ½ cents for mediums, 16 ½ cents for fine mediums, and 11 14 cents for fine grades.
New York June 10. Poultry alive steady with Western spring chickens 30c. Fowls 15 to 15 4c, turkeys 1c. Dressed steady with Western broilers 18 to 28c, fowls 11 to 14c, turkeys 13 to 16c.
Galveston notes cotton steady at 157 16 per pound for middling fair to good middling in quiet trade. Local market figures show steady prices with minimal variation and steady demand as buyers and sellers observe early summer activity.
In Wapello Iowa on June 9 a class of nine received diplomas. Rev Frank A Gageby of Ft Madison gave the address Mountains and Molecules. John Weldin won Union Iowa highest honors and Edward Hicklin top honor locally as diplomas were handed by Prof Packer.
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