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Newspaper
Muscatine Journal
Location
Muscatine, Iowa, United States of America
Date
May 07, 1934
Page
9
Chicago hog prices held near steady with top at 3.85 as arrivals reached 25,000 head and packers took 12,000 direct. Cattle were steady with good 1,250 lb steers trading around 9 to 9.50, lambs mixed with woolled and shorn stock showing around 8.50 to 10.00 for various weights and classes.
From Cedar Rapids to Des Moines markets the morning hog price report shows unchanged quotes in several weight classes. Prime buys ranged 2.80 to 3.10 for heavier hogs with packers under 350 pounds around 2.25 to 2.55 and light hogs at about 0.99 to 1.05 per pound in places.
The AP Iowa hog market report notes 48 hour receipts across interior Iowa and southern Minnesota with prices varying by weight. Good and choice hogs bring steady to slightly higher bids, while heavier weights and packing sows show broader spreads and weighted by bulk shipment practices.
Chicago May 7 AP U S Dept reports hog receipts totaling 25 000 head including 12 000 direct. Market holds about steady vs Saturday with various weight classes listed. Prices range from 2.00 to 3.85 depending on weight and grade.
Markets show hogs 100 to 140 lbs at 1.50 to 3.10 per cwt and heavier hogs 2.75 to 3.25. Cattle receipts 14,000 head with steers 9.00 to 9.50 for heavy weights, lighter cattle softer. calves and heifers also listed. Sheep receipts 11,000 head with lambs 8.50 to 11.50 and ewes around 3.25 to 4.50, market tone weak to easier.
U S Dept of Agriculture reports hogs receipts about 8 000 head steady to 10c lower than Friday. Prices range 3.10 to 3.30 for 180 280 lb hogs, feeder pigs 1.75 to 2.00, packing sows 2.60 2.70, average weekly cost 3.02. Cattle receipts 10 000 head with steady opening for fed steers and yearlings 6.00 to 8.00 in line with market. beef cows 3.00 4.25. vealers 4.50 6.00. Sheep receipts 6 000 head with lambs uneven. best native spring lambs 10.50 to 11.00. shorn lambs to 4.40 for some lots.
Hogs receipts 8 000 head 2 100 direct barely active with most bids down 5 cents from Friday. Top 2 46 on 180 to 210 pound hogs. Cattle receipts 12 000 head calves 2 000 head steady to strong in pruning markets. Steers good and choice 550 to 900 pounds 5 85 to 7 50, 1100 to 1300 pounds 6 65 to 9 0, cows good 3 65 to 4 25, vealers 3 50 to 6 50. Sheep receipts 11 000 head spring lambs uneven slight gains or losses. lambs 9 to 11 pounds around 8 50 to 11 50. ewes 3 50 to 4 59.
On May 7 in New York the foreign exchange market remained steady with demand in cents for major currencies. Rates listed include Great Britain 5.1114, France 6.622, Italy 853, Germany 39.56, Holland 68.00, Norway 25.71, Sweden 26.38, Spain 13.73, Argentina 34.13N, Brazil 0.70N, Shanghan 32.75, Hongkong 36.50, Mexico City 28.00, and Montreal nuances noted.
Minneapolis reports May 7 Flour prices advance twenty cents per barrel with carload lots and family tents priced around 6.55 to 6.75 a barrel in 98 pound cotton sacks. Shipments total 19 576 barrels. Pure bran 17.50 18.00 and standard middlings 16.00 16.50.
New York stocks summarize gains and losses across major names including Alleghany Am Sugar AT and T Goodyear Graham Paige Hudson Mutual American Cement and United Founders Standard Oil and Ford Motor among others. Report highlights varied performance with several issues showing fractional gains and declines in a volatile session.
Widening drought and 100 degree heat push grain prices higher in Chicago trading. Wheat gains peak since mid April while corn advances extend. May and July futures shift with unsettled closes across wheat and corn, oats up, provisions up 5 to 15 cents.
Chicago May 7 AP Wheat No 3 mixed 822c No 2 hard 84c. Corn No 2 mixed 49 14c No 4 mixed 49c No 2 yellow 50c No 2 yellow old 50 5lc No 9 yellow jake billing 50c No yellow old 50c No 3 yellow new Jake billing 50c No 4 yellow old 491c No 2 white old 54 4c No 3 white 54c Sample grade old 45c Oats No 2 white 35 5% 36 15c No 3 white 51 4 35% 36c No 4 white 34c No Rye Barley 43 82c Timothy Seed 6.25 6.50 cwt Clover Seed 9.50 8 75 cwt Lard Tierces 5.82 Loose Lard 5.40 Bellies 7.75
Butter receipts total 7 005 tubs with creamery items higher. Cheese receipts 57 653 lbs steady. eggs receipts 22 356 cases irregular. live poultry weak with varied freight and express quotes for chickens turkeys ducks and fowls.
Chicago market report dated May 7 lists live poultry receipts at 26 trucks with varied prices for hens leghorn and rock varieties, butter receipts at 10,183 tubs with grade prices, eggs Michigan and storage futures with May to Oct values, and potatoes Idaho russets priced around $1.41 per cwt Future closing prices and regional stock notes summarize steady demand and moderate supplies across products.
New York May 7 raw sugar holds steady while futures edge up a point or two. Refined sugar remains unchanged as traders assess market shifts.
Cattle receipts 5 000 head with steers yearlings and beef cows in steady to higher demand. heifers more active. average prices around 88.00 to 96.60 for heavy steers. stock cows and feeders quoted. Hogs receipts 6 500 head with market steady to lower. tops near 3.30. sow prices 2.70 2.75. Sheep receipts 2 000 head. lambs and yearlings mixed. prices around 9.50 to 10.50 for fresh lambs. steady overall trade noted.
New York stocks fell for the second day as offerings expanded after a brief early rally. Among laggards were American Telephone Allied Chemical American Can American Tobacco Johns Manville Santa Fe Union Pacific United Aircraft Standard Oil New Jersey California General Motors U S Steel Auburn Case Goodyear Westinghouse Du Pont Consolidated Gas Public Service of New Jersey N Y Central and others. Wheat rose about 3 cents at times on weather signals.
Secretary of State lists June 4 primaries candidates for U S Congress and state legislature. Incumbent party designations show Edward C. Eicher Democrat representing Washington. L H Childs of Ft. Madison and E R Hicklin of Wapello Republicans. Ed ward M Baker Democrat Atalissa. A L Madden Democrat Muscatine. Elmer P Corwin Republican Fruitland. W J Coostendorp Alice J Burnett H J Farnsworth Muscatine. F A Latchaw Wilton. Bert L Metcalf Democrat Nichols.
High Prairie hosts a C I C class party with devotions led by Clifford Harbaugh and Miss Gwendolyn Phillips, entertainment by Neal Kemp, and a regular business meeting. Residents attended indoor picnics honoring visitors from Sioux City and South Bend, with many local families listed. The Seminole Indians receive more Broward county reservation land per the 1933 Florida legislature.
The East Buffalo Community club held its final meeting of the year at Kimball school with a program and refreshments. Teachers and residents discuss next fall’s teaching plans and local events including eighth grade exams at Rock Island high school.
The American Association table lists teams and records for Minneapolis and Milwaukee with recent results. Sunday scores show Chicago 11 Philadelphia 5 and New York 5 Cincinnati 3 among others. Upcoming games include Brooklyn at Pittsburgh and Chicago at Washington with multiple matchups across the circuit.
Twenty eight teams enrolled in three leagues as A J Lindley Y M C A physical director began scheduling for the kittenball season in Muscatine opening Monday night. The factory league was dropped with Iowa Pearl and Hawkeyes moved to the Commercial league. Fraternal Sunday School and Commercial leagues are being reorganized with schedules to be issued Tuesday. The Sunday School leads with 11 teams. The Fraternal league follows with Elks and Button Workers Union among entrants.
Estimations offered without obligation by Porch Tent and Awning Co of Rock Island Illinois for home and storefront awnings and porch tents.
Stated meetings of Washington Chapter No 4 Royal Arch Masons and ebb Council No 18 Royal and Select Masters scheduled Friday May 11 at 8 pm. All companions welcome. Per order secretary.
Moose Rotary Legion Grafil club Kiwanis Heinz club and Eagles will use byes due to odd entries in both leagues. Two more teams will join this week in each circuit to fill schedules. Eight teams have signed up for Commercial league: Atlas Orange Squeeze Montgomery Ward & Co Nietzel Drugs Ina Mac City Club Journal Iowa Pearl Hawkeye. Games at Jefferson field and Weed park diamonds with Buck McIntyre Dan Troxel and Ed Spieth assigned to umpire duties across venues.
Britons lament a poor showing in the St George Cup at Sandwich as Walker Cup captain Michael Scott and teammates Cyril Tolley T A Torrance and Roger Wethered enter 36 hole medal play at St Andrews with Tolley posting the best score among them at 159 while Scott 160 Torrance 162 and Wethered 165. Jim Penman wins the 22 player event.
Notice that a document claimed to be the last will and testament of Rhoda Montz, deceased, was opened in Muscatine County on April 28, 1934 and will be heard May 26, 1934 at the District Court. Any interested party may appear to contest the will at the March Term starting March 27, 1934, at which time the matter may be sealed.
Jimmy McLarnin is back in New York after 16 months away. He will begin training in Atlantic City on Thursday for his 15 round welterweight title defense against Barney Ross at Madison Square Garden on Long Island, May 28. McLarnin arrived from Seattle by air in 22 hours and is in good shape, though he declines to reveal his exact weight. He seeks to regain timing after last fighting and knocking out Young Corbett in one round to win the welterweight crown last May 29.
Three veterans Maxey Rosenbloom Mickey Walker and Kid Chocolate meet Baby Arizmendi of Mexico as the featured fights. Rosenbloom defends no title against Rumson NJ’s opponent in a ten round bout at Los Angeles Tuesday. Chocolate seeks a comeback against Pete Nebo in San Francisco ten rounds. Arizmendi faces Al Roth in a ten round featherweight clash.
Davenport Club wins a boxing decision under manager John Downey. The report notes three blows landed and references a box score and summary from the bout.
A theater seating 80 people built inside a giant dummy automobile will be exhibited at this year’s Chicago Fair by a well known auto manufacturer.
The vehicle that carried Archduke Franz Ferdinand in 1914 is now operating as a taxi in Sarajevo. The famous car, preserved through the decades, returns to public view as a functional memorial in the city.
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