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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Oct 22, 1929
Page
22
Chicago market reports sharply reduced Argentine wheat estimates boosting prices. Argentine yield cut to about 234 million bushels from 407 million last year, while world supplies rise 15.6 million this week to 480.6 million. December wheat at 1.979 to 1.204, corn up modestly, oats steady to higher, cash market firmer for old stocks.
Grain quotes show unchanged corn values for No 1 yellow through No 3 yellow with varied bids. An Oliver Farm Equipment listing appears with a brief notice from Minneapolis stocks dated October.
Liverpool trading reports strong demand with 7 000 bales sold and receipts of 23 000 bales. Middling prices quoted around 14 29d and good mids near 16 44d, with various low and good ordinary grades listed. Futures open firm with December around 14 44s and March near 13 9d as U S markets show gains.
Minneapolis grain market notes a mix of receipts and bids for wheat and oats with prices for No. 1 northern and No. 2 red durum and various grades, alongside December and March futures.
Market notes from Chicago dated Oct 22 show mixed regional potato quotes with U S shipments steady. Wisconsin round white sacks range 2 25 to 2 50, Minnesota and North Dakota whites around 1 25, Red River ghioz best at 2 13 0 672 40, South Dakota whites 1 68 5, Early Chips at 32 2240, Idaho Russets about 2 859 3 20.
Market brief lists futures for December and January grain contracts with mixed prices. Sugar in New York at 4.02 cents per pound duty paid and refined sugar at 6.50 cents. Minneapolis flour shipments totaling 40 360 with price spread 27.30 to 28.50. Peoria hog receipts 9 090 with top at 9.50 and cattle receipts 150.
Official calculated livestock receipts for tomorrow show cattle 12,000 hogs 22,000 and sheep 14,000 with Chicago as the market.
Chicago prices for grains and seeds with bucked figures across No 2 and No 3 grades. Details include hard and yellow corn, oats, rye and cloverseed with varied bid ranges and sample grades.
New York Oct 92 steady receipts 23005 case butter steady 16487 cases eggs receipts 6144 graded dairy products varied by type. Chicago Oct 22 butter eggs cheese poultry markets show mixed movements with creameries steady and turkeys hens and spring chickens priced per market reports, while St Louis notes Missouri No 1 butter and cheese unchanged and poultry mixed by weight and age across categories.
Prices quoted by Iowa packing centers show varied hog values across plants in Des Moines Mason City Ottumwa and Fort Dodge with top bids around 9.15 for 160-250 lb hogs while lighter 120-230 lb pigs fetch about 8.00 to 8.90 at several yards. Hogs receipts listed at 6 000 at Chicago area and 2 300 cattle and calves at Dakota City with steady to lower trends noted for certain weights.
Representative sales livestock in Union Yards Chicago include horses and other stock. Buyers and sellers gather as markets showcase animals and prices for the day.
New York stocks climbed in forenoon trading with gains of 7 to 15 points for many big names including General Electric American Water Works and Radio after liquidation-driven selling. Wright Ahr and Sellyn units slipped to new lows as market breadth remained strong and total volume neared 3.8 million shares.
A market column shows prices for produce poultry cattle and hogs from Waterloo. Items include butter eggs lard potatoes onions and various meats with grade notes and shipping terms from local suppliers and firms. Hides wool and other farm products are listed with unit quotes and quality descriptors.
Rain slowed opening trade at Chicago mart with about 3,000 western cattle in the run and prices easing early. Hog receipts reached 25,000 with direct sales fairly active and typical ranges for butchers and packers. Sheep receipts 14,000 with slower activity and prices holding around steady to slightly higher for choice natives.
Chicago buyers and sellers tracked a mixed session with Chicago Stock Exchange quotes for Allied Products Amer. Sts. Pub. Soc. Am. Radio Tel, Zenith Radio and others, alongside regional livestock receipts. Cattle and calf offerings dominated with varied bids, steer and heifer prices steady to firm, stockers mixed, and milk-fed vealers pricing noted. Illinois and Missouri markets showed weekly volumes and price ranges across packing, stockers and dairy-ready cattle.
Receipts total about 14 000 hogs with bids mostly steady to lower. Sows steady to weak, butchers down about 25 cents, various weights quoted with prices ranging near 6 to 9 dollars per hundredweight. Packing pigs reported around 8 dollars with overall activity moderate.
New York markets show firm demand for foreign exchange with quotes across numerous currencies including France Belgium Germany and Italy. Liberty bonds and Treasury notes are listed with closing levels and fractions in government securities notes.
Kansas City market summary shows receipts of 70 cars for wheat including No 2 dark hard 1.99 No 2 red 1.24 1 1/2, No 2 white 1.24 4.26, oats 33 cars No 2 43c, corn No 2 mixed and No 2 yellow with mixed quality noted. Prices vary by grade and type with tentative quotes for oats and white corn.
The New York bond market opened higher as investors sought safety amid a broad rally. Utilities and industrial issues were briskly bought with notable gains in International Telegraph and Reading Company bonds, along with government issues led by Liberty Fourth and Treasury securities gaining on heavy demand.
Readable figures show cattle and hog cutouts and totals across markets in Chicago and surrounding cities. Values compare week and year ago totals with regional totals for cuts, receipts, and prices, highlighting shifts in volumes and revenue.
Omaha livestock receipts total 71 hogs and 17 000 sheep with slow to lower bidding. Hogs sold mostly lower with direct hogs around 9.30 to 9.25 per cwt and feeders at 8.86. Cattle and calves showed softness with steers yearlings and heifers mostly 13.00 to 14.75 for stockers and feeders and cows around 14.50 to 15.00 per cwt. Sheep slaughter classes steady while feeders weak. lambs around 17.80 to 22.50 and feeding lambs 12.50 to 14.00.
Grain prices list mixed quotes from Omaha with No 2 hard wheat at 1.16 2.18, No 1 white corn and various white wheat futures showing rounded figures. Market cryptic values indicate commodity trading activity on October 2.
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