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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Feb 28, 1921
Page
9
Wheat prices fell as large arrivals from the southwest hit the market and selling by commission houses dominated. Initial quotes dropped, then an uptick followed green bar tips from the southwest and export hints. The close remained weak. Liberal receipts weakened corn and oats traded lower as the market sagged with hogs and provisions easing.
Compiled market items show grain prices in Chicago and Minneapolis with wheat, corn, and oats across No. 1 to No. 4 grades, plus Omaha mixed and yellow varieties. Also listed are February 28 exchange rates for New York mercantile paper, sterling, francs, marks, and other foreign currencies.
New York markets show firmer butter and cheese with steady eggs amid receipts of 7,400 tubs and 23,264 cases. Chicago reports higher butter, lower eggs, and mixed dairy prices. Waterloo and St Louis note regional movements in poultry, cattle, and horse markets with varied quotes. Copper, lead, and silver pricing also listed for commodities centers.
Cattle strong to 25c higher with veal calves steady as 18 000 head counted. Hogs ease 15 25c vs Saturday, receipts 67 000 with heavy hogs slow but others active. Sheep receipts 9 000 with lambs and fat lambs trading near week’s extremes and wethers around 8 6 to 8 60.
Summary of cattle hogs and sheep receipts across Raneas City St Louis Omaha and Sioux City on Feb 28 with price ranges noting steady to higher cattle and hog markets and varying sheep quotes. top prices cited include beef steers at 2.80 and hogs around 9.50, with regional shifts in demand and stocker activity.
St Joseph stockyards report hog receipts at 3,000 with prices from 9.00 to 9.80 per cwt, cattle receipts at 3,000 with steers 7.00 to 10.00 and cows 3.25 to 9.00, calves 6.00 to 9.00, and sheep at 9.25 to 10.25 for lambs and around 5.00 for ewes. Market activity shows hogs steady to lower and cattle steady.
Wall Street saw a tentative start with shippings and oils retreating while rails and equipment held steady. Major issues including Atlantic Gulf American International Mexican Petroleum Royal Dutch and American Woolen declined several points early, while U S Steel and others edged lower after ex dividend dates amid erratic oil and tobacco moves. Closing sales featured wide listings and a heavy close, with diverse shifts across American Beets Sugar American Can Am Trust.
New York on February 28 reports last week’s food index at 3.16 per pound for 31 items, up 1.6 percent from the prior week while down 35.7 percent from last year. Of 36 commodities, 11 rose, 25 fell, 41 unchanged, with numerous items listed. Cotton futures opened and closed varied, coffee and sugar prices shown, plus flour pricing in Minneapolis.
Noted business in New York shows slow revival as consumer buying remains restrained. Bradstreet’s report highlights easing money conditions, improvements in farm prices and roads, but continued bank strains, credit tightness, and cautious consumer behavior across the West and agricultural regions.
Rotary club approved plans to improve the Cedar River park bathing beach and offered assistance to complete the project. Mrs. C. J. Rudolph presented the proposal this noon and a committee will prepare it for inter presentation after by law changes. Members consider a $15 quarterly lunch cost and annual expenses plan.
New York opening shows cautious trading on the New York Stock Exchange with speculative strength in some issues. International Paper rose earlier then fell to 50 after a high of 62, Motors firmed while Studebaker hovered near 60. Atlantic Gulf slid further, opening at 25 percent and dropping to 41, with Chandler down 23 to 67 amid dividend rumor expectations.
Notices from Waterloo show petitions to close local theatres on Sundays will not be presented tonight. The canvass committee says they are delaying to ensure broad public sentiment is represented. In Shell Rock Iowa Esther J W Bichhorn wed Frederick Spear at the Baptist church with close relatives present. The bride, a Shell Rock High graduate and former teacher, will move to a farm near Shell Rock after March 2.
Cooperation and good fellowship marked a Waterloo Greater Association Clubrooms gathering where Lear C. Hunt of the Town Farm Bureau federation urged unity, praised Iowa leadership, and urged support for farm prices. Crop statistics showed Cedar township’s 1921 harvests and strong livestock, poultry, and dairy activity amid hopes for higher prices.
Fred 5. Miller, Orange township breeder, shipped a carload of pure bred Holsteins to J. D. Wilkinson in Shreveport La. C. H. Staples of Louisiana dairy college arrange shipments and has visited Waterloo repeatedly. Staples has long been a noted cattle expert and helped Louisiana farmers tour northern dairy facilities in 1920.
Feb 28 report from Cherokee County and statewide Iowa road bid notices describe a debate over growing square trees by slitting bark and guiding cambium growth. Experts doubt practicality, while some foresters warn of poor wood quality and natural tendencies toward round trunks.
A third of the entire offering went to buyers giving their addresses at La Verte City Tracr Center Point Hudson Raymond and Independence within 25 miles of the sale site. The rest of the bidders furnished the bid values while outside advertising drew no users.
Farmers in the region dominated purchases at nearly pure bred swine sales this year. Breeders plan to tighten economics through targeted local advertising in papers like the Waterloo Evening Courier to keep profits within the community as prices stay lower than in recent years. The Lloyd Braun Poland China sale at La Porte City mirrors the trend with most stock bought locally.
A Grundy Center column records a funeral for F. Blaser, burial at Roselle cemetery, and a church event. It notes a first-week business college visit by Charles Stager and Charlie Romwedler, plus Dean Curtis returning from Des Moines hardware convention and Ed Perry hosting the Plinch club. Also mentions a marriage license for Min Grundy Center and Otto Dike’s family moving to town into a French bungalow on Bridge Street.
Ames Feb 28 Special John M Evvard chief of swine and beef cattle production Iowa Agricultural Experiment Station is named to a 15 member farmers livestock marketing committee. The group meets in Chicago this week to develop a program addressing livestock marketing problems. J R Howard president American Farm Bureau Federation leads the committee.
Farm Bureau of Black Hawk county will hold its monthly board meeting at the Cedar Falls office Wednesday afternoon March 2. A. Burger notes the session will address important matters for the board’s attention. Potatoes market update from Calcaga dated February 28 reports weaker receipts at 64 cars and price ranges for northern parked and bulk cwt.
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