Wheat Prices Rally on Dry Kansas Outlook
Wheat futures rise amid dry conditions in Kansas and crop reports. Prices advance with May around 1.60 to 1.65 and July near 1.28, while cash quotes show firm to higher bids across Chicago and other markets.
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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
May 21, 1921
Page
11
Wheat futures rise amid dry conditions in Kansas and crop reports. Prices advance with May around 1.60 to 1.65 and July near 1.28, while cash quotes show firm to higher bids across Chicago and other markets.
Market notices from Waterloo and New York show prices for flour spring and winter wheat patents, oil meal eggs butter lard and beef fats, plus cattle quotes for fat steers cows and calves. Also listed are hay straw hides and metals with wholesale and retail values and a New York silver price update for May 21.
Wheat prices rose amid optimistic outlook for the winter crop and limited supplies in Chicago. Corn and oats fell on increased farm offerings while provisions moved mostly lower as lard supply grew and tariffs and labor news influenced sentiment.
Town College for the Blind in Vinton prepares for a weeklong commencement with recitals and a Thursday evening ceremony. A faculty and student picnic at Riverside Park preceded the events. Local news notes include mayoral actions on dice in businesses, new strict autoist ordinances, a dairy boycott by grocers, and Federated clubs luncheon. An unrelated Chicago-Michigan track meet preview follows.
Hog receipts near 4,900 with holdovers and gains up to around 10 cents in Illinois and Omaha. Cattle likewise steady to mixed with steers down slightly and stockers firm, while sheep show softer prices on light fat lambs and lower cull ewes. regional notes include East St. Louis and Omaha market activity with no major market shifts.
Livestock market reports from Kansas City Sioux City and St Joseph on May 21 show receipts across cattle hogs and sheep. Kansas City notes steers and cows weak to 50 cents lower, hogs mostly steady to strong, sheep down 25 to 60 cents. Sioux City lists steady to higher hogs and varied cattle values. St Joseph reports generally steady week values with calves and sheep prices given.
New York reports butter steady to higher with creamery extras at 29c and firsts up to 32c. eggs receipts around 26,755 cases with fresh gathered graded 28 35c. cheese unsettled with varied state runs. Chicago notes butter higher to 24c for extras, eggs 21 22c, poultry firmer for routes. Kansas City shows butter and eggs unchanged with subtle shifts in poultry prices. St Louis reports spring poultry and egg prices largely steady.
New York May 21 sellings by principally large interests dominated the opening of today’s stock market. Rail shares led the declines with Chesapeake & Ohio dropping after dividend suspension as major names including Union Pacific Reading and New York Central slid. Commodities and other sectors followed, with American Linseed and several steels under pressure while autos and textiles showed weaker prices.
Delegates returning from Burlington report sweeping endorsement of Samuel Gompers policies by conservatives in the American Federation of Labor and by Iowa Federation of Labor officers. J. C. Lewis elected president, praised as conservative and capable leader. Debates over officer referendums dismissed. Farm Bureau endorsement and teachers association greeting noted. Aimed at welfare legislation and union reforms through women’s bureaus.
Chicago May 21 The supply of eggs on the market this week has been in excess of the demand for current consumption and storage, pushing prices down. Storage houses are nearly full and more eggs will need to be consumed now. Poultry is ample, while butterfat prices have declined broadly in producing regions.
About 212 mothers and daughters attended the Brethren church banquet in Petriors last evening. Miss Mae Smith spoke on The New Day for Women and Mrs. P McManus discussed The Relation of Mother to Daughter. Toasts, music, and solos accompanied the event.
Casper Wyo May 21 Eddie St Clair known as California Joe Gans was to meet Panama Joe Gans as a preliminary for the Carpentier Dempsey bout on July 2. He knocked out Rich Hambone of New Mexico in the second round of a scheduled 10 round bout here last night.
Readers are invited to send questions and comments to the Editor Farm Department of the Evening Courier and Reporter Waterlog town. Communications should be addressed to the Waterlog office and include a contact phone number.
Ames Iowa May 21 leaders at the Iowa State College livestock conference say the cattle industry has hit bottom and is beginning to recover slowly. Dean Curtiss predicts a food shortage within 18 months if normal conditions return while urging purebred breeders to focus on value and efficiency.
Farmers shipping hogs in hot months are warned to avoid overloading cars and to prepare cars properly. Remove old bedding to prevent heat buildup, use gravel or cinders as bed, wet down before loading, and consider tying sacks of ice above hogs’ heads. Poor loading can smother hogs or kill them. Garland Front. Lade to Make Good.
New Hampshire legislature adjourns with favorable support for agriculture. An act appropriates 75000 dollars annually for control and eradication of infectious diseases, and the state agricultural college receives full funding. Several farm laws are enacted as potato and wool industry notes appear in reports from multiple states.
C J Paweatt director of the pool reports that 1,500,040 pounds were sold during the Oret week of May at rates ranging from 20 to 20 cents.
Minnesota poultry specialist Chapman and egg expert Paul Mandeville warn the government that storage and marketing costs suggest fresh eggs will rise next winter. They estimate storage losses and handling add about 20 to 40 cents per dozen, indicating producer prices around 60 to 70 cents per dozen if grain prices stay low. Embargo efforts on foreign eggs could lift retail prices beyond these estimates.
United Press reports in Washington that a bill by Senator McCormick Illinois aims to coordinate federal and state cooperation for continuous forest production. The measure places management under the secretary of agriculture and outlines a framework for ongoing forest work.
Algona May 21 Kossuth bounty agent T Maakestad who recently had an appendicitis operation is recovering rapidly and will be on the job again soon.
John G. Miller, a respected farmer in Wyoming, claims a Duroc sow produced 65 pigs in 16 months starting Feb 1 1918. The sow saved 57 piglets, achieving claimed world championship honors for prolificacy in this rural feature.
Yesterday the Black Hawk county farmers and families gathered at the Cedar Valley fair grounds for the community May fete with about 350 attendees. The program featured a musical demonstration by Eddy school pupils, a five part historical pageant, and contests won by Cedar Heights students including Elva Stout and George Wilson. J H Nordhausen of Manson spoke on the Town Farm Bureau federation’s work and need for support.
W P Lehmillen of Tilden township Cherokee County Iowa kept exact records of pork production for 1920 21 and calculated a total cost of 3724 90 for 36723 pounds of pork or 10 1 cents per pound The study lists receipts from sales of hogs the value of sows and depreciation and notes the manure value and labor costs as balancing factors and concludes a potential gain of 659 30 if grain had been sold at average prices.
London May 21 The British legal force leaves for Leipzig accompanied by 37 witnesses to attend German war guilt trials set to begin Monday. Leading figures include Solicitor General Pollock King’s Counsel Hume Williams and treasury lawyers Gettie and Woods.
Youth leads all as Art Johnson wins the third race over Roy Shoemaker by a narrow margin. The greased pole contest was abandoned early then resumed with Hershel Heichel winning as rivals fell. Music by Orange township band Cedar Falls concert band Waterloo quartet plus community singing. Credit given to H C Moeller F A Fowler and others for a successful Cedar Valley Fair event under its auspices and planning for an annual May day celebration to grow as a major farmer social gathering.
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