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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 16, 1933
Page
9
In Chicago bids rose 10 to 15 cents after receipts were trimmed. Top hog prices reached 4.75 as open market supplies stayed light with packers taking 12 000 of 21 000 in direct runs. Outside markets showed further shrinkage and prices advanced several cents. Trade remained cautious with slow turnover in cattle and sheep, buyers holding steady to modest gains.
Combined hog receipts for the 4-hour period ending 8:00 a m show 23 200 head across 25 concentration yards and 7 packing plants in interior lows and southern Minnesota. Demand is fairly active with prices up 10 cents for most weights. Quotations cover light 140 160 lbs and various weight ranges up to 550 lbs, with bulk transaction basis noted.
The report lists live hog prices by market areas including Mason City Best sorted lights 180 to 280 lbs at 4.15 and 240 to 260 lbs at 4.15, Ottumwa ranges with several weight brackets near 3.85 to 4.20, Cedar Rapids showing primes from 3.25 to 4.15, and multiple midpoints for packers and sows. Prices vary by weight, cut, and market, reflecting early national hog market activity.
Chicago market report shows hogs 10 to 15 cents higher with receipts around 21 000 head including 12 000 direct. Prices listed by weight from 100 to 350 pounds, with top hogs at 4.75 and various grades showing gains. Cattle receipts about 1 500 head and calves 900 head with fed steers and yearlings steady to lower, best yearlings near 6.20, slaughter classes mixed as demand remains tight.
Local markets report poultry prices from 6 to 8 cents for hens and 4 cents for old roosters. Hog quotations show ranges by weight from 140 Ibs at 2.55 to 1,500 Ibs up to 7.25, with various grades including good, choice, and common. Sheep receipts total about 5,000 head with native ewe and wether lambs priced around 7.50 to 8.00 for select lots, down to 6.50 for best shorn yearlings and 5.00 to 7.25 for other grades.
Receipts total about 5 000 head with 800 direct sales as the market remains fairly active. Cattle show slow to steady trading with several weight classes, top bulls and steers near 5.00 to 6.50 per hundredweight and calves similar. Sheep receipts reach 4 500 with lambs steady to 10 cents higher and top native lambs around 7.35.
Receipts total about 6 500 hogs 1 000 cattle and 4 500 sheep. Hogs average 10 to 15 cents higher top 4 45 per cwt with lighter weights firm to 4 40. Cattle see calves steady to 500 lower with steers 5 00 to 5 65 and beef cows 2 85 to 3 75. Sheep active and steady with native lambs at 7 25 and woolfed lambs up to 6 00 per cwt.
For week ending June 15 cattle market shows declines across most classes with steers and cows easing 25 to 75 cents, vealers down 50 cents, and hefty lots over 1450 pounds softening. Pigs and hogs ease 10 to 25 cents with lighter weights strongest, sheep and lambs mostly 50 cents lower though some top bids reach 8.60 to 8.65 for select lambs.
Stocks listed show varied results with Alleghany at 3 percent and AT&T at 123 percent. General Electric at 21 and General Motors at 25. Gillette 14. Ford Motor 44 1/2. United Founders 1. United Gas 4 percent. Bond and Share 32. Stand Oil 2nd 29. New York Power at 12.
Chicago reports heavy selling in wheat with prices sliding more than 5 cents from early highs as talks of big process tax plans and foreign exchange stabilization bearishness weigh on sentiment. July wheat at 73 7 8 cents, Sept at 75 7 8 to 76, corn down 7 8 to 11 8, oats down 1 8 to 3 8, provisions 10 to 15 cents lower.
AP lists Chicago grain prices with bids for Wheat No 2 red and northern spring and No 3 varieties, Corn No 2 mixed and No 1 EW, Yellow and White types, Oats No 2 white and No 3 and 4 white, Rye no sales, Barley 30 5ic, Timothy Seed. Clover Seed ranges from 8.00 to 11.75 per cwt.
AP notes Chicago market activity with 31 truck poultry receipts and 99 car potato receipts. Prices listed include hens 9 to 10 cents, Leghorn hens 8 cents, turkeys 10 to 11 cents, broiler varieties 11 to 20 cents, potatoes trading moderate with various regional shipments, butter and eggs receipts and price standings stable.
New York trading data shows Butter receipts at 14 497 pounds with mixed stability, Creamery firsts at 87 to 91 scores and slight changes, Cheese receipts totaling 62 761 pounds steady, Eyes receipts 17 084 cases steady with mixed colors, Dressed Poultry steady with roosters and other grades unchanged.
Minneapolis flour trade shows unchanged shipments with 17 153 barrels reported. Pure bran priced at 11.00 to 11.50 dollars per barrel while standard middlings range from 11.50 to 12.00 dollars.
In a tired session bonds overall weakened with selective gains such as Shell Union Oil 6s. Rail issues like New York Central and Illinois Central fell 1 to 2 points while rubber and steel bonds showed mixed moves. Liberty first 44s advanced while most foreign issues stayed heavy.
New York stocks moved unpredictably with early selling deepening losses before a late rebound. Leaders rebounded as American Telephone rose about four points while U S Steel National Distillers Chrysler Standard Oil of New Jersey Allied Chemical American Smelting and Santa Fe gained one to around two points.
Congress set in motion about a dozen investigations to be carried on in coming months. The Ways and Means Committee will study the tax code sparked by the J. P. Morgan inquiry. Senate probes into Wall Street banking involve Kuhn, Loeb & Co. and a New York banker case. A Louisiana contest against Senator Overton is to be examined by a special committee. Other panels will probe racketeering, labor conditions on the Mississippi flood project, bankruptcy in federal courts, civil service laws, and postal and airmail subsidies.
New Boston hosts farm trade and civic notes. New Boston W E Hynes of the Chicago Joint Land Bank was in town Wednesday. The Fourteenth District Farm Bureau meeting is set for June 20 at the Aledo courthouse with speakers George E. Metzger and George Thiem. Deeds Cid ships shelling deliveries and livestock movements are reported. Ladies Aid of the M E church held spring cleaning and a potluck dinner.
Louisa County church notices list Letts Methodist with Rev J W Gruber schedule including Sunday school 10 a m and services at 11 a m 8 p m Epworth league 7 15 p m and choir Thursday. Letts United Brethren led by Rev C O Winters with Bible meeting 7 15 p m and ice cream social Tuesday. Grenbesveary United Brethren holds Sunday school 1 30 p m and service 2 30 p m with Thursday prayer meeting.
A Methodist church plans a Sunday school observance of Children’s Day featuring biblical readings, solos, exercises, and an infant baptism. Participants include Mary Kemp, Jessie Vera Walker, Harold Buckman, DeEtta Abbott, Betty Osborne, Winifred Jones, Paul Johnson, and Rev. H. C. Druse. Offeratory by Ruth Walker and a closing benediction. Ask for vote coupons.
The Conesville Methodist Sunday school honored prizewinners for regular attendance ending June first. Eighty four pupils enroll in the Daily Vacation Bible School led by Miss Daisy Kemp. Grace Reformed to present Children’s day program after Sunday school with Rev Jasman delivering a baptismal talk. Local residents make visits and moves including Lyle Brockway’s twenty first birthday, Mrs Celia Brockway and family in Anamosa, and others traveling to Columbus Junction Knoxville and Harper.
A Moscow gathering honored newlyweds Donald and his wife with an ice cream supper at Grace Reformed Trinity church. The Oosten dorp couple welcomed a son born Tuesday. Local residents visited, hosted dinners, and sent wishes as families shared events and hospital notes through the week.
Plans for a July Fourth community picnic at the church basement are completed under the supervision of Mrs. Fred Rann Mrs. C J Phillips and Mrs. John Balmos. A basket dinner will be served at noon. Everyone is asked to bring their own dishes. The afternoon will be spent.
Multiple entries list furnished apartments houses flats and rooms for rent with contact numbers and locations including river view ground floor private bath and modern furnishings. Also notes a garage and a found watch with contact details.
The Columbus Junction Gazette announces the annual picnic at Columbus Chautauqua park on Friday June 23. All correspondents past and present with families are invited to attend and enjoy a program.
A memorial service will be held for the late Rev. Herman Pippert, former pastor of the Settlement Evangelical Church, died July 4, 1932 in Nora Springs. Rev. Phillip Hahn will lead the service. Also noted is a baptism at the church and various local visits and travels of residents.
Under the direction of Mrs. Lawrence Boshort Mrs Clyde Minder and Miss Arlene Eichelberger the Ladies Aid society reported a $12 profit from its annual strawberry and ice cream supper held in the church basement Wednesday evening. Miss Alice Harbaugh from this community teaches at the Mus serville Bible school.
City Park Commissioners repeal Rule 2 of the 1924 regulations and enact a new rule prohibiting driving, riding, or propelling any vehicle or animal along park drives at more than twelve miles per hour. Passed and adopted May 31, 1933, by J. D. Diercks president and Nellie M. Ziegler vice president.
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