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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Dec 06, 1916
Page
10
Foreign buyers pushed wheat higher amid a strong market, with May at 8 1/8, July at 1.4616. Domestic demand and export prospects supported corn, oats, and hog provisions despite rail shipment difficulties, while overall market activity remained robust in Chicago trading.
Kansas City and Chicago report scattered wheat gains and mixed corn and oat prices with No. 2 hard wheat around 1.70 to 1.83 dollars, No. 2 yellow corn near 0.80 to 0.89, and varied white oats. St. Louis and New York show uneven demand. Minneapolis notes transportation tightness weighing on early session sentiment.
Chicago and St Louis seed markets report varied pricing across seeds. Clover, Timothy, Alsike and millet values are noted with December cash and future quotes, ranging from about $2 to $11 per unit, with quality and weed content affecting prices.
The letter argues wheat will rise as demand outstrips supply with Europe driving purchases. Corn may rise only with wheat, but a car shortage limits runs to market. Oats remain cheap but offer long term investment potential as Europe buys more oats and provisions prices are expected to rise due to tightening future supply and demand.
Chicago and other markets show mixed cattle and hog prices with receipts totaling tens of thousands. Hogs at Chicago and Kansas City rise to about 9.5 to 10.2 dollars, cattle range from about 3.5 to 9.5 dollars, while sheep vary around 7 to 12 dollars, with regional shifts and steady to higher trends noted.
Chicago and St Louis price lists show hay and straw by type and grade. Timothy No. 1 ranges around 16.50 to 18.50, Clover mix near 14.15 to 16.59, Alfalfa No. 1 around 20.50, Straw steady with oats at about 7.50 to 8. Wheat around 7.00 to 9.50 per unit.
London reports give Gen. Von Bissing’s October 26 reply denying violations of the wartime pledge not to remove Belgians, justifying removals as due to emigration of young men joining the Belgian army. Cardinal Mercier counters, recalling promises by German and allied officials, condemning collective punishment and urging mercy and humanity.
Monetary conditions influenced the stock market with mixed price action. Call loans held to 10 percent, money tight until needs met, trading declined to under 50 thousand shares. utilities and certain steel stocks moved, while bonds showed irregular concessions and money markets shifted with the president's message influencing attention.
Market notes across Chicago Kansas City and St Louis show butter creamery prices rising while eggs and poultry move varied. Cheese sugar and coffee levels listed with regional quotes and case counts. A humorous closing quip about social propriety contrasts with the business data.
Twenty seven loads of farm products arrived at the loreal market on Tuesday, four fewer than Monday. Hog prices rose ten cents per hundredweight. Hay and straw deliveries included loose hay nine loads with prices of 11.25 and 10 per ton, baled hay two loads at 11.40 per ton, baled straw three loads at 1.00 per bushel. Corn and oats prices varied with two loads at 93 and 91 cents per bushel, one load at 90 cents. oats two loads at 66 cents per bushel.
Prices paid for Havana grain include No. 2 wheat at 1.60 and new corn around 0.90, oats 0.63, baled hay 6.76, alfalfa hay 14, clover seed 16.40 per bushel, Timothy hay near 7.14, and wheat bran at 1.60 per cwt. Milling products list flour prices from Huellenberg, corn meal 7.70 per cwt, sugar and other feed values, hogs and cattle prices by weight, lambs, sheep, and poultry retail and wholesale rates, hides and tallow by grade, and horse prices varying by size.
An advertisement claims dull pimples come from a sluggish bowel and promotes Dr King’s New Life Pills as a mild laxative to produce a full non-griping movement by morning. It urges readers to buy a bottle at druggists for 2 cents.
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