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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Jun 17, 1935
Page
9
Chicago stock yards retained the $10 top for hogs though overall trade was slow and about 5 cents lower than Friday. buyers focused on good medium weight hogs while most of the bulk sold from 8.75 to 9. Good pigs brought 8.25 to 9 and sows 8.25 to 8.75. Cattle receipts were moderate and prices weak to 25 cents down on steers and yearlings.
The Associated Press notes steady to mixed hog prices in Iowa markets on June 17 with several cities reporting declines. Cedar Rapids lists good hogs 140 to 150 lbs at 8.00 to 8.25 dollars, and 170 to 180 lbs at 8.75 to 9.00. Waterloo and Ottumwa show varied bids, while Mason City and Des Moines report minor drops or steady levels across weight classes and packer categories.
Eggs local grocers and markets pay 18 to 24 cents. Poultry hens 14 to 11 cents, roosters 9 cents. Hog prices range from 140 to 350 pounds from 8.05 to 9.40 per pound with varying brackets. Livestock includes hogs and cattle weight bands with bid prices listed for each range.
The clipping lists prices for beef and pork categories with weights and numbers. It shows Ibs and ranges such as 8.70 9.20 for 9.20, and 90 Ibs up 8.25 4.70, plus good packers 7.45 8.15.
Des Moines reports 29 500 hogs received across 22 yards and 9 plants for 48 hours ending 8 a m prices 5 to 19 cents lower than Saturday with slow bidding and heavy loadings Good and choice lights 149 to 160 lbs 7 90 to 8 55 light 160 to 180 lbs 8 50 to 9 10 180 to 200 lbs 8 80 to 9 25 200 to 220 lbs 8 90 to 9 30 220 to 250 lbs 8 90 to 9 30 250 to 290 lbs 8 75 to 9 15 299 to 350 lbs 8 50 to 8 95 packing sows 275 to 350 lbs 7 85 to 8 25 425 to 550 lbs 7 60 to 8 05 Quotations based on bulk trades with long shipments often above or below quoted prices. snipping weight basis hogs excluded.
Receipts: cattle 11 000. hogs 16 000. sheep 13 000. Packers report slow steady demand with declines to 5 cents on hogs and weaker bids on cattle. Prices show wide ranges by weight and class for hogs, calves, steers, heifers, cows, bulls, and sheep with top hogs near 10.00 and cattle up to about 12.75 for the heavy steers and vealers.
U S Dept of Agriculture notes cattle receipts at 2 800 head with prices about 25 lower steers around 8 75 cows 4 75 6 00 and cutters 3 07 4 50 Hogs receipts 4 000 head steady to lower with range 9 25 to 9 35 for various weights sows 8 00 8 35 pigs 4 50 8 75 and 140 to 170 8 75 8 50 Sheep receipts 1 000 head lambs and yearlings 35 to 5% lower.
Hogs receipts 5,500 head steady to 2 cents higher with 190 to 260 pounds at 9.25 to 9.35 top 9.35. 260 to 300 pounds 9.00 to 9.25. 170 to 190 pounds 8.85 to 9.25. pigs 8.00 to 8.50. packing sows 8.25 to 9.75. Cattle receipts 6,000 head and calves 500 head steady to lower. steers 8.59 to 11.50. heifers 8.25 to 9.25. cows 4.50 to 6.50. cutter 3.25 to 4.40. bulls 5.00 to 6.00. vealers 7.50 to 8.50. Sheep receipts 5,500 head including 816 direct. lambs weak 25 cents lower with spring lambs 7.75. range lambs 7.90 to 7.75. yearlings 6.00. ewes down from 2.50.
Hogs receipts 1,500 head with prices 0.00 to 0.50 lower, top at 9.50. 140 to 200 lbs 8.75 to 9.50, 200 to 290 lbs 9.05 to 9.50, 290 to 350 lbs 9.10 to 9.385. packing sows at 7.10. Cattle receipts 8,000 head with calves 2,000. steers 5.26 to 12.00, heifers 4.50 to 10.75, cows 4.25 to 7.50, low cutter 3.04 to 4.05, weaners 3.50 to 8.00. Sheep receipts 5,000 head with 1,299 through. lambs 5.25 to 7.85, yearlings 4.50 to 6.25, ewes 2.00 to 3.00.
Boston market activity halted on June 1 as the U S Department of Agriculture reports the woo market closed for Bunker Hill day with observers noting reduced trading and holiday observances.
A dense column lists closing quotations for numerous equities led by Alleghany Am Pow Am Smelt and Ref, AT and T, Anaconda, Chrysler, Goodyear, Union Pacific, U S Steel, and Woolworth with varied percentages. The sheet shows many corporate tickers and compact percentages indicating daily movement and prices across industries.
Chicago traders saw corn rise late in the session and lift wheat values. Unfavorable planting conditions drew attention and the United States corn visible supply fell to 7,891,000 bushels from 3,082,000 a year earlier. July corn 80 5 80c, wheat up with July at 80 ¾ to 80 ½, oats up 1 to 1 1/4, provisions mixed.
Cash wheat and corn prices listed by quality and class with bids at Chicago futures and country station nets. Oats barley rye soybeans and seeds shown with nominal or quoted values for each grade and unit, including timothy and clover seed rates.
Poultry receipts 21 trucks steady with varied prices for hens leghorn and Rock breeds. Butter receipts 20,193 tubs unsettled with grade by score ranges. Eggs receipts 22,209 cases unsettled with numerous local and car lots priced. Potatoes receipts 144 cars on track 382 on track stock weak with liberal supplies. Regional grain quotes listed for Wisconsin Idaho Arkansas Alabama and more with futures closing for Butter storage standards and Refrigorator standards noted.
Butter receipts 10 282 cases unsettled with creamery quotes up to 26 cents for extras and 24 1/2 to 25 for others. Cheese receipts 55 035 pounds steady with whites 16 to 19 cents. Eggs receipts 28 840 cases unsettled with mixed colors 25 cents and standards up to 24 1/2 cents. Live poultry weak with broilers 16 to 23 cents and turkeys 12 to 20 cents per pound.
In New York on June 17 the bond market showed a tentative pause after a week of upside movement. Trading was moderate in the forenoon with no clear overall trend though some issues edged higher. Low priced rails remained sought after as Erie 5s Great Northern 415s and Southern Pacific 4s posted small gains while others paused. Telegraph 5s and government issues saw limited activity with few trades. The foreign list was quiet.
Tonight and Tuesday radio programs feature Ezra and Pick and Pat, plus orchestras led by Ted Fiorito Ben Pollack Joe Sander Abe Lyman and Phil Spitalny across NBC CBS and local stations WBBM WMAQ WLW WLS WGN WHAS KMOX WENR WTA. Actors include Amos n Andy and Betty Marlowe with baseball coverage White Sox vs New York at 2:00 on WBBM WGN.
New York stocks drifted with no clear direction as profit taking touched fast risers while utilities showed a firm undertone. Rail issues were steady, grain rallied on higher Liverpool prices, and several names including Case and General Electric hit new highs for the year amid a generally dull session.
Former assistant secretary of commerce Y Mitchell, fired by President Roosevelt, accuses the department of being controlled by special interests. He cites the Leviathan liner retirement and a near 3 million dollar loss, alleging officials and prominent figures including P A S Franklin, John M Franklin, Vincent Astor, and Kermit Roosevelt stood to gain.
William C. Rathke of Glenwood Iowa, commander of the Iowa American Legion, urged Spanish-American war veterans to confront the advance of communism in the United States. He warned the peril is being taught in some schools as nearly 300 delegates registered for the annual encampment.
Dr Mirian Van Watters discussed delinquency causes at the ninth annual child welfare conference in Iowa City. She urged individualized juvenile treatment tied to home and school and criticized detention homes as nearly as bad as jails. University of Iowa President Eugene A Gilmore urged delegates to educate lawmakers to fund the Iowa child welfare program and warned legislators can be both lovable and exasperating.
A compact listing shows percentages and cross rates for several global centers. Tokyo at 2.01, Shanghai 41.00, Hongkong 58.15, Mexico City 27.95, Montreal in New York 99.99 percent, New York in Montreal 100.06. The entry is labeled N Nominal.
Bartlesville Oklahoma Wiley Post, after four attempts, abandons plans for a world girdling speed record flight in the Winnie Mae. He arrived from Wichita Kansas late Sunday by car, leaving the high wing monoplane he was forced to land Saturday due to a broken piston.
W S McKee was succeeded as post master of Muscatine on Saturday by Albert S Barry the new appointee. He said he had no plans for the immediate future and planned to rest from his duties after more than 11 years at the post office. Barry conducted familiarization with the office as an inventory of stamps orders blanks and other postal articles was taken Saturday.
Foreign exchanges showed varied demand with several European currencies quoted. Britain at 492 percent, France 6.60 percent, Italy 8.21, Belgium 16.91, Germany 40.31, and other nations including Norway 24.76, Sweden 25.41, Denmark 22.00, Finland 2.18, Switzerland 32.78, Spain 13.68, Portugal 4.59, Greece 0.24, Poland 15.95, Czechoslovakia 4.18, Yugoslavia 2.29, Austria 19.00, Hungary 29.70, Romania 102, Argentina 32.87, Brazil.
Edward M. Rochs Construction of Freeport continues road resurfacing north of New Boston. Clay addition completed and gravel work ready to start, though delayed until gravel arrives. A gravel pit near the depot will supply material from McGrath for shipping.
A Pekin gravel operation describes its pit dumping and belt conveyance to trucks. Mixing of local clay sand and imported sand occurs before forming the sub grade with windrows. A 16 foot wide roadbed is built to two inches thick, then rolled, layered to six inches. Gene Irwin leaves for Reynolds Standard Oil. Irwin moves with his family next week.
Wally Berger of the Braves pounded Cincinnati pitching for five hits including a homer in the doubleheader. Mel Harder and Earl Averill led the Indians with solid hitting as Harder blanked the Red Sox on one hit and Averill tallied a homer two doubles and a single across two games. Tex Carleton notched the Cubs first win in a month by limiting the Dodgers to seven hits. Johnny Stone of the Senators battered the Browns with eight hits, five for extra bases, in ten at bats across the doubleheader. Mickey Haslin drove in four for the Phillies with a homer and a single. Lynwood Rowe of the Tigers held the Athletics to six hits for a second straight low-hit victory.
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