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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Dec 12, 1917
Page
3
Reports from Chicago and other hubs show corn futures closing firm with January near 1.21 and May around 1.19 while oats rise fractionally. Profits held steady as weather and railroad delays limit supply and bolster expectations of lower crop totals in upcoming government estimates.
In Tuesday’s late trading the New York stock market saw a turnover near 230,000 shares, about half the day’s activity, with liquidity losses and forced selling tied to government shifts toward issuing treasury certificates. Leading issues such as Union Pacific and American Tobacco fell several points as liquidation pressures spread.
The December 6 1917 meeting notes the Special Committee reports the $2000 appropriation to fund half the cost of improving Harnson Street from Twelth to Twenty-fourth Streets with Quincy required to fund the other half. Quincy failed to appropriate funds and the appropriation lapsed. The board also reviews prison diet, inspector visits, and various road and bridge funding requests across townships, with multiple committee recommendations approved or referred.
Long Commission Co reports Tuesday morning gains in corn due to stronger demand and car shortages. Oats show rare strength with no offerings as exporters seek seaboard shipment permission and government purchases aid army camps. Stocks weaken on talk of federal railroad control, while overall sentiment remains cautious despite past declines.
Hog price levels held firm as eleven loads of farm goods were offered at the Hive Stock market on Tuesday. Buyers purchased three loads of Toose mixed hay at 24 dollars per ton, with baled hay and oats straw priced per ton, and corn and oats trading at fractional dollars per bushel.
New York on December 12 reports a fresh liquidation wave with losses of 8 to 6 points across many issues. Activity surged in the afternoon as prices fell to year’s lows and even new minimums, with rails hardest hit and some industrials following the trend. Trading volume totaled 490,000 shares amid a shift as investors weighed prospects of government control and ongoing economic weakness.
New York December 12 The Democratic state committee executive panel approved a plan to add fifteen women to its current twenty one man membership. The move broadens party representation and signals a push for gender inclusion within state party leadership.
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