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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Feb 05, 1921
Page
15
Wheat led gains amid free selling and buying in Greece and Texas, closing with a net advance though off highs. Corn and oats followed wheat, finishing mixed to firm while pork and lard futures showed weakness as commissions sold hogs for next week.
Regional market notes show cattle mostly lower across districts with calves and stockers down 25 to 75 cents, hogs steady to higher in some areas but generally fluctuating, and sheep weaker on lighter weights. Receipts vary by region, with Chicago, Saint Louis, Omaha reporting mixed trends and top hog prices around ten dollars with bulk shifts in lighter weights.
Livestock receipts at Sioux City show cattle and hog prices with ranges for fed steers, yearlings, cows, heifers, veals and feeders. Hog receipts total about 6,500 with prices down to 9.15 to 9.75, while sheep not quoted. Cash quotations from Chicago and Kansas City list various grain prices for wheat corn oats and seeds, with mixed quality notes and regional bids.
New York reports firm butter with creamery grades up and loads of 4,766 tabs, 46 44c etc. Bess and eggs show receipts rising. cheese steady. Other lines note poultry, flour, pork, lard, and regional price shifts in Kansas City and St Louis. Minneapolish grain and Waterloo market trends indicate lower prices amid rising production. Silver, money markets, and cotton futures close with steady tone and varied quotes.
The stock market opened dull in New York but gained momentum as price trends improved on short coverings. Strong early advances appeared in General Asphalt, Mexican Petroleum, Houston Oil, and Crucible Steel. Oil, steel, equipment, and shipping stocks led the session with 1 to 4 percent gains, supported by appetite for Mexican issues on debt repayment hopes.
The Evening Sun notes a quiet stock exchange today with prices firm in late session while traders expect improved money conditions next week. Grain and cotton show strength. traction issues featured among railroad stocks. prices for various grains and timothy advance. Coffee futures ease with March at 6.35 cents.
Bradstreet's notes cautious yet steady improvement in distributive trades led by reading and apparel sectors. Iron, steel, and lumber show irregular trends amid unemployment and railroad cutbacks. mail order trade matches last year while weekly bank clearings total 7 453 606 000. Florida grapefruit arrive at peak quality as climatic factors boost sugar juice and snap, with ship and fruit timing described. extensive promotional prose ends with an advertisement.
Feb 5 Oelweex Ta Jefferson towns ship Farm Bureau to meet in Oelvem Feb 10 at p.m. Peder Peterson of Black Hawk county to speak. Band benefit dance at residence 717 First street west quarantined for smallpox yesterday. Libby residence on Third avenue north released from quarantine. High school wrestlers Moore era coach led team of Clare Wise John Newler Casey McCarron Robert Tridgen left for Ames state tournament. American Legion basketball team reorganized to enter district tournament. Asbestos fibers three feet reportedly mined on Pailla pine island Luzon. Imitation wool for mattresses and plows being made from jeork in Spain. Inventions affect baldness and life sound visualization.
Trading on the New York stock exchange closed higher as reports that Thomas W. Lamont was invited to Mexico to help refund the Mexican foreign debt boosted shares. Mexican Petroleum rose to 1.66, Crucible to 0.92, Reading first preferred up to 54. Studebaker climbed to 56 to 57, Northern Pacific gained then rallied from a dip, with several issues showing firm strength despite a dull session and some volatility in Mexican Petroleum.
Chicago issues show severe wheat downturn driven by Argentine price breaks and uncertainty over Allied terms to Germany. Wheat, corn, and oats hit season lows with later stabilizing due to tariff bill dynamics. provision values decline amid rising stocks. Clearing house banks report $14.097 million excess reserves, up from last week. potatoes listed with mixed car receipts and prices.
Canada keeps taxes low as the Dominion government auctions reserve school lands in western provinces. A three day sale added about 1.5 million dollars to the funds held in trust for education. Lands total 1,280 acres per township in prairie provinces, sold to support school funds with interest paid to provinces. Rapid western Canadian agricultural growth in 1920 boosted demand for these lands.
A Chester White hog valued at 2700 that Arthur Runft refused to sell was killed in a fight with another hog at a Grundy Center farm. Grundy County Farm Bureau is collecting corn for European children relief. Dr. Mollance of Reinbeck plans to move to Oklahoma. Martha Poteeter listed as alive. Steward Steamboat Rock resident ill after goitre operation. sister Sophia visiting Town City. John Cramer family to move to John Cone farm. Cone family to occupy Omelik residence. Eva Sherborn and Albert Price wed at home of bride's parents. Keller presided. couple to live on a farm near Ackley after March 1.
Cedar Falls man keeps Nubian goats for milk, claiming daily yields of one to two quarts with some records up to 3,090 pounds per year. Milk tests run eight to nine percent butterfat, higher than cow milk. Goats touted as tuberculin free and valued for invalids and children. Import of Swiss goats boosts Iowa interest. prices for good animals range 125 to 260 dollars. Gestation five months with expectant births in April.
Stock raisers from 15 states Canada and South America attended the Polled Hereford sale held beside the new $283,600 state fairgrounds pavilion. Pearl topped premiums selling for 3500 dollars, three bulls were sent to Uruguay, and over 200 head were sold. The state owned steel-brick pavilion seats 1000 in the sale ring and features heat ventilation wash racks and a full kitchen with sleeping quarters for staff.
Srandy County Farm Bureau will direct two soil experimental plots this year to study lime and acid phosphate needs for clover and small grains. The group also plans to acquire two carloads of livestock for the junior club show at the Des Moines state fair, replacing the county agricultural exhibit. The bureau will cooperate with the state federation in collecting corn for European relief.
Four county community corn show at Fairbank High School offers prizes in corn oats potatoes canned meats vegetables fruits pickles cakes and bread. Events run Thursday to Saturday with lectures by Farm Bureau speakers county agents and local educators. Music readings and duets accompany sessions with formal addresses by T Lee Clyde Gombs M L Myers and I B Rackér plus an officers’ election for 1922.
Miss Clara Sutter, home demonstration agent, reports pressure cookers rising in use among Black Hawk county women. Over 40 units have been distributed by the Farm Bureau's women’s division. Cooks beans in 25 minutes at 20 pounds pressure, saving fuel. Swiss steak and potatoes prepared similarly.
Members of Farmers' Cooperative Livestock Shipping association at Hudson allege unfair competition by outsiders. A hog buyer who ships many hogs to Waterloo began offering cents more per hundred after trade fell, prompting concerns. Four carloads of livestock have been shipped in two weeks since formation as farmers prepare to unite.
Clyde Combs, Fayette county farm agent, arranged township meetings featuring Peder Pedersen, Black Hawk county farmer and Farm Bureau speaker. Towns listed include West Union February 7 at 2 p.m. city hall, Elgin February ?, Clermont February 8 at 2 p.m. opera house, Wadena February 8 at 3 p.m. town hall, Arlington February ?, Scott Center February 8 at 8 p.m. Woodmen hall.
Maynard Seb operating a small place just south of Vintea House in Oelwein Keb. Last week a sow and pig club organized for boys and girls drew many prizes at county Pleasant Valley township and state fairs. The park improvements, surveying for Riverside park, and Farm Bureau officers in Fremont township were reported with plans for a one day Institute in Tripoli on March 3.
Orange Township votes 228 in favor and 147 against a new consolidated Shellsburg area school. Work will begin soon. Also reported: court adjourns, Judge Willett to Taras, James Culver dies after long illness, Mrs. Ray and Cato Sells family news, and C D. Ferguson buys in Urbana.
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