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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
Mar 16, 1927
Page
10
Light hogs 15 to 25 cents lower as receipts rise by about 6 000 head from the prior Wednesday across eleven markets totaling 119 000. Early light hogs quoted 11 75 to 11 90, butchers at 11 35 to 11 65, with several declines. Steers and slaughter cattle mostly ease, feeders steady, sheep inactive amid thin demand.
Wheat and corn moved higher for much of the session aided by lower receipts and a 2.113 million bushel drop in world wheat supply. Export buying of North American wheat remained steady, with some domestic red and hard winter wheats shipped to Europe. Wheat closed firm up to a half cent, corn up 1/2 to 3/4 cent, oats up modestly and provisions down 7 to 30 cents.
In New York trading on March 16, major industrials United States Steel and General Motors resisted bear pressure, erasing early gains but recovering briefly by noon. Widespread selling pressed down many stocks as margin accounts were hit and loans renewed at 4 percent.
U S Department of Agriculture report from Chicago shows hog receipts 19 990 head with light hogs improving late. butchers around 12.95 to 11.90 for various weights. cattle receipts 9 090 head with slow killing and narrow demand. vealers weak. sheep receipts 1 000 head with slow demand for fat lambs and ewes. official estimates list cattle 9 009 head, hogs 49 090 head, steers 10 000 head.
Kansas City market reports 10 500 hogs at uneven demand with lighter weights down to 10. lower prices and slow heavy offerings. Cattle receipts total 7 960 with calves 1 909. fed steers and slaughter cows mixed to weak, stockers slow, vealers steady to weak. Sheep and lambs 35 590 head slow about 25 cents lower with few lots at 14 60 for lambs.
Sioux City reports 2 500 cattle received as market slows. steers and yearlings steady to weak while fat cattle show slight declines. Feeder and calf demand mixed with bony veals at 7 9s. Prices vary by class from canners at 2 75 to butchers cattle around 11 25. Sheep and lambs see lighter sales with lambs near 15 00 and ewes around 9 75.
East St. Louis Illinois March 16 report shows Department 7 Agriculture receipts with 16 504 hogs and 2260 cattle. Hog prices ranged 71 to 97.50 for various weights and sows around 10 and 10.50. Cattle with 1 800 calves and yearlings steady to lower with top steers near 8 60 and cows around 4 75 to 5 70. Sheep receipts 1 500 head with lamb prices easing.
St Joseph Missouri market notes show hog receipts around 1 000 head with prices 15 to 25 cents lower at top 11 75. Cattle receipts 2 709 head with slow to steady demand, calves and stockers mixed, cattle and calves totals listed. Sheep receipts 4 908 head with slow market and weaker tone, lambs trading around 11 00 to 14 75. Ewes listed at 8 50 to 2 69.
Peoria Livestock Market, March 16 AP report shows hog receipts at 2,500 head with top prices around 11.65 and 11.40, heavies near 10.99 to 11.55, packers 9.75 to 10.50, and stags at 3.75. Cattle receipts fair but unevenly low.
Kansas freight note reports steady arrivals with eight cars received at the Kansas City market. Dispatches indicate stable demand and consistent shipment flow through the period.
Quotations furnished by Saylor and Wicherman at 409 410 Hershey Bldg. Winenecks with J EK Bennett and New York Phone.
Chicago cash grain values list wheat varieties from No 2 red at 1.34 to No 1 northern spring at 1.41 per bushel along with mixed and yellow assortments. oats and timothy and clover seed prices noted, barley shown at 63 cents.
In Peoria on March 16 the corn market was firm with receipts of 23 cars. Prices for No 4 white ranged 63 to 63 1/4 cents, No 4 yellow 64 cents, No 5 yellow 61 cents, No 6 yellow 59 1/2 cents, and No 5 mixed 61 cents. Sample grade offered at 55 to 56 cents. Oars receipt showed 4 cars with market steady for No white at 46 to 48 1/4 cents.
Poultry Good hens 20c per lb light and dark males 16c. cocks 1c. Eggs 14c. Hog quotations daily. Good butchers 200 lb cuts $19.80. 290-250 lb $11.06. 189-200 lb $11.46. medium packers 259-290 lb $10.25. heavy packers $10.90.
A March report shows mixed movement in receipts and prices across dairy and produce. Butter and eggs list fluctuating futures while U S shipments total 671 cars with slow demand. Wisconsin round whites fetch 1.85 to 2.00 per unit, russets 2.65 to 2.85, with various storage and futures prices noted for butter eggs and standards.
New York on March 16 reports butter receipts at 11 139 titbs with creamery products varying by grade. Creamery extras command 48 to 49 percent, firsts 47 to 58 score, while cheese receipts total 128 555 pounds.
Kansas City market notes on March 16 indicate butter at 42 cents with premium extra quality. Other produce prices remain unchanged in AP dispatch.
New York March 16 AP Live Poultry data shows irregular broilers and low express prices at 45 50 cents per pound. Fowls by express and dressed poultry 27 percent dressed show weakness with prices unchanged.
Des Moines met a prince for the first time in its history as Prince William son of King Gustav of Sweden arrived this morning from Kansas City. He tours state sites as guest of the John Ericsson league and plans to speak tonight about his explorations and big game hunting.
During the drought in Beersheba Palestine lambs were sold for six cents each as the market faced severe scarcity and livestock concerns persisted.
The plan lists numerous primary roads and proposed routes from Burlington to Council Bluffs and through Iowa towns. It authorizes gravel temporary surfacing to speed relief and directs the highway commission to prioritize projects by traffic, maintenance cost, and gaps in paved stretches.
The Iowa House finished the bill introduction stage with 467 measures, ahead of the Senate, and set up a single committee to move non appropriations to the calendar by March 29. The body also discusses the Patterson Johnson income tax bill and a major insect pest bill with numerous Senate amendments.
Columbus Junction Iowa March 16 the finance committee appointed by K M Arington president of the organization seeks to move the courthouse from Wapello to Columbus Junction and solicits funds on a petition for taxpayers to sign the committee members are G W Weber W C Hall E F Davis W G Roberts and Garry Stapp
The piece questions Michael Francis McTigue’s readiness and integrity ahead of a supposed decisive bout. It links his controversial past with Sharkey and Chapdelaines rumors, critiques wrestling’s ethics, and laments the sport's spectacle over skill while urging reform for fan convenience.
Frank Laporte, star New York Highlanders slugger of 1908, hits a fearsome drive as Detroit battery Charlie Schmidt Eddie Siever and Tigers second baseman Herman Schaefer misread a fastball mix up. Schmidt and Siever joked they tricked Laporte and caused his deadly hit. Schaefer, uninjured, questions the plan as Laporte flies around the bases.
Classified notice seeking the return of a hand titled leather cigarette case lost near Iowa Avenue and Third. Rewards offered. Inquire at The Journal.
Washington D C March 16 Construction costs increased in February to a level slightly above a year earlier as wages and prices for materials such as crushed stone and gravel rose. The wage average reached its highest since 1920 except for May 1926, while basic material prices also climbed, continuing a narrow 18 month fluctuation band.
Louisa County groups plan an important meeting next Friday to discuss crop cooperation and experiments with Corn and Small Grain Growers. Extension work covers seed treatment to control smut in oats and wheat, with demonstrations and seed supply coordinated by farm bureau and Ames stations.
The piece notes talk of President Coolidge possibly staying at Spencer Penrose’s Colorado Springs estate as a summer retreat. It cites political insiders including Hubert Work, William Hodges, and Lawrence Phipps, and mentions Colorado’s anti prohibition sentiment, Ku Klux Klan sympathies, and high society drink culture around the idea.
City council met in a special session with seven aldermen present to discuss a state bill granting the railway commission authority over public utilities. The mayor was absent. Maher acted as mayor pro tem. The council heard Dr R S McNutt Herbert G Thompson and Charles Hanley urge defeating the bill. The body adjourned after a motion to have the city attorney confer in Des Moines.
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