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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Feb 24, 1921
Page
11
Chicago reports bear pressure on wheat with prices sliding as traders priced in ample farm reserves. Corn and oats weakened on large receipts while provisions moved with the cereals. markets in Peoria and Minneapolis showed mixed results amid varied bids and receipts.
Bank clearings reported by Waterloo Clearing House Assocation for the week ending February 24 1921 total 1 053 702 97. Daily figures include Friday 8 745 827 Saturday 203 040 99 Monday 249 570 01 Tuesday 197 712 15 and Wednesday 220 834 00. Mortgage and deed data show week ending February 23 with various totals. chattel mortgages also listed with weekly and year to date figures.
New York and Chicago markets show butter unchanged, eggs mixed with receipts 50,116 cases, and cheese firmer. Stocks open lower with Sears Roebuck and Kelly-Springfield among the heaviest losses as rails and oils weaken. copper and brass trade steady amid overall market softness.
Chicago markets show cattle receipts 9 000 with beef steers steady to 25 cents higher. top bell $10 75. Hogs receipts 32 000 with prices 10 to 15 cents higher, strong demand for 200–220 lb pigs. top around $10.40. Sheep at 10 cents higher with 76 lb lambs around $10.00 and fat ewes $6.00–$6.40.
Cattle receipts 1000 steady to strong with calves and feeders mixed. top cows $7.00, Yoel calf peak $32.50. Hogs receipts 7500 active 20 cents higher. lights $10.60, bulk $10.25–10.40, heavies $9.50–9.90. Sheep receipts 390. no market as stock goes direct to packers. ewes and lambs quoted up to $10.50.
Kansas City market notes show cattle receipts around 4 900 with mixed moves. Best steers steady to weak with top near 9 9 5. vealers and feeders mixed to higher. Hogs at Omaha and regional routes show 15 000 receipts with midsized gains and top near 9 50. sheep and lambs also firming with lambs up about 50 cents.
Sioux City totals show receipts of about 2 000 cattle and 10 500 hogs with steady to lower hides and veal prices. At St Joseph 7 290 hogs and 9 002 cattle reported, with prices steady to higher for steers and strong sheep demand.
Funeral services were held in New York for William Combs former chair of the Democratic National Committee and Wilson campaign manager in 1913. The service drew fewer than 100 mourners at Fifth Avenue Presbyterian Church before the body was sent by train to Little Rock Arkansas for burial.
The New York to San Francisco air mail route will be continued for one year beyond next July 1. The House approved a $1,250,000 appropriation, down from the Senate’s $1,500,000. Debate was sharp as members resisted eliminating the air mail funding. Compulsory military training is proposed in Mexico.
Stocks opened steady but fell as Sears Roebuck and Kelly-Springfield led losses. Sears Roebuck dropped from 78% to 76 1 2 after rumors of bear activity while Kelly-Springfield slid from 39 44 to 39 11. Rails and steel eased and Ajax Rubber hit a new yearly low after dividend news.
C O and Lilian Russell Lamson sue Maryland Casualty Co seeking 72, SGS.09 damages for Dunphy Fridsiein's failure to erect the Hotel Russell Lamson. Lamsons allege they paid 39,126 more than contract price after the contractor’s bankruptcy. James G Clark and Mears Lovejoy represent the Lamsons.
Fayette county chiros faced charges of practicing medicine without licenses. Judge Cook in Oelwein bound them over on $500 bonds for district court on the question of whether their actions constituted practicing medicine. A Des Moines health board representative testified for the state.
Farm editor tours Guernsey and Jersey noting intensive production. Islands use verge and perch land measures. land valued at 1500 to 2000 per acre with rents around 50. Guernsey exports include 3 million fruit packages and 700 tons of bulbs, notably Guernsey lily. Tomatoes and grapes dominate markets. two crops per year under glass in Guernsey while Jersey under glass lacks commercial crops. Prices quoted: potatoes, tomatoes, apples, beef, and milk reflect local and imported goods.
The Iowa Buttermakers Association plans an education program for patrons across seven districts in Guernsey and nearby areas. Farmers describe using heavy manure for pasture, premium fodder handling, and adapting to new state requirements to improve efficiency and profits.
A. L. Middleton, vice chairman of the committee of seventeen, told county agents and extension workers at Iowa State College the United States faces a near 3 billion dollar marketing problem. He argued current grain marketing favors dealers, notes the Chicago market accounts for only 0.28 percent of sales, and proposes direct billing from local warehouses to consuming points with warehouse certificates enabling producer borrowing. The exact plan remains unspecified but may resemble the described system.
Two hundred twenty Western lambs fed by Purdue University were marketed at a loss of more than $4 per head. Bought at $12.25 per hundredweight in Chicago in October and sold in February at $10, the venture reflects broader livestock market instability. C. M. Vestal notes lamb feeding is not at fault, but the overall stock situation requires more stable markets for profitability.
County agents dairy specialists and experts will instruct producers on methods of aging cream to keep it sweet and reduce acidity to fetch top prices. Successful buttermakers will share tips from producing high grade butter to boost quality and profits. The industry in Iowa cooperatives aims to raise standards though draft producers must cooperate. Recent legislation mandates sweet cream, achievable only if producers act.
A Iowa State College animal husbandry expert urges farm horses need grain to build reserve flesh before spring work. A small grain ration with hay keeps horses fit and prevents overeating injuries when work begins. Proper conditioning reduces sore necks and summer injuries.
Demonstration farms under Iowa extension poultry division report 11,000 plus hens laying 72.74 eggs in January with an average of 5.65 eggs per hen and 26 cents net profit per hen. Top records shown by C. R. Gibson Polk county in farm flock list and Irving King Johnson county in commercial list. Real estate transfers listed for Black Hawk and surrounding counties follow.
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