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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Dec 16, 1916
Page
10
Chicago dispatch reports Friday wheat futures fell sharply amid disarmament and peace hopes. May and July contracts closed at 1.64 1.56 and 1.31 1.32 respectively, with overall losses 12 to 19 percent from Thursday. Corn and oats declined, while provisions rose modestly as traders eyed government crop forecasts and export demand.
Wheat and corn prices slide at Chicago St Louis Kansas City and Peoria markets on December 16 as bids weaken for No 2 and No 3 grades across hard red white yellow and mixed categories with oats also easing in Minneapolis noting downward price momentum and market uncertainty.
Chicago hogs receipts 38 000 weak 6 to 10 cents above Thursday. cattle receipts 3 000 steady with holid ay beeves nearly ended. sheep receipts 9 000 weak with lambs 11 to 13.35. St Louis hogs up 15 to 20 cents. cattle steady to 25 cents lower. sheep steady. Kansas City hogs up to 10.10. cattle steady. East St Louis hogs 10 to 20 cents higher. cattle steady. Omaha hogs higher. cattle steady. sheep lower for yearlings and lambs.
New York spot wheat weak with No 1 durum at 1.91 and No 3 hard at 1.71. No 1 northern/Duluth price around 1.84, Manitoba at 1.85 fob New York. Corn spot easy at 1.03 and oats standard at 0.55.
A morning liquidation in wheat eased after peace talks, with prices briefly down from Thursday. Government crop estimates for 1916 show slight increases for winter and spring wheat, corn and oats figures given, and a cautious case for buying on further declines. Provisions note meat prices staying within reasonable funds and suggest meats as a promising investment if peace emerges.
Hay and straw prices listed by grade and number across St Louis and Chicago markets. Entries include Hay Clover Hegre No 2 at 15 50 and 16 50, Timothy No 3 12 13 50 and 16, Alfalfa No 3 15 17 and 20 50, Clover No 1 18 19, Straw prices from multiple firms, and wheat timothy figures with varying quotes.
Billie Mayberry of Eckert Georgia reports that after giving Foley's Honey and Tar to her two children during a croup attack their coughing stopped and they slept, with the next morning showing no sign of croup. Miller and Arthur Drug Co advertises Foley's Honey and Tar as a low priced cold remedy.
The New York stock market faced its third severe test of the week with enormous selling waves pushing prices down sharply in the first half of Friday trading. A brisk rally late in the day pared losses as short covering helped restore some gains, with war shares bearing the brunt of the liquidation. U S Steel and other steel issues led concessions, while bond dealings remained light and money markets showed strength with high call rates.
The Quincy Clearing House reports Friday bank clearings totaling 167 099 dollars. The figure compares with 157 012 dollars last Friday and 137 582 dollars on the same day last year.
Market briefs from St Louis Kansas City Chicago and New York report poultry hens turkeys ducks geese prices per pound and case data for butter eggs cheese and coffee. Prices vary by region with creams and firsts notes, totals include receipts and grade levels.
Seed price listings across Chicago and Toledo and St Louis reflect multiple varieties. Clover seed Timothy Alsike alfalfa and millet with cash December and future months shown and prices ranging from about 1.38 to 16.60 per unit for various seed types.
Paris special report outlines a proposed law to create a commercial register in each commercial court. It would record origin character and nationality of every foreign merchant or company operating in France. Firms must declare member nationalities and naturalizations. branches must reveal French managers. details on contracts, liquidations, and bankruptcies would be required.
Wheat prices drop by ten cents per bushel this morning while flour prices fall twenty cents per barrel. Hog prices rise ten cents Friday. Farm product receipts include seventeen loads with hay and straw sold at various per ton marks and corn priced at 93 and 90 cents per bushel.
Prices paid for hay, grain, milling products, and livestock from local markets. Includes No 2 wheat at $1.50 per bushel, corn 85 90c, oats 50% 5c, clover and timothy seeds, Haigh patent flour 9.29, stockyard hogs by weight with various ranges, poultry and eggs quotes, hides and byproducts, and other commodity prices from Anck Brothers daily corrections.
East St Louis listings show heavy draft and good southern mules with prices ranging from 50 to 250 dollars. Entries include 16 to 16 percent hands mules at 150 to 250 dollars, horse chunks priced at 106 to 150 dollars, and WLAC mules at 150 dollars.
Dun's review today reports increased caution across banking, production, and distribution, with foreign developments easing risk and broad finance stable. It notes prices leveling, continued strength in many sectors, and buyers weighing future costs, with weekly bank clearings at 8,677,186,387 dollars.
London December 16 reports indicate Premier Bratianu of Romania has resigned, with a Copenhagen Exchange Telegraph despatch noting all cabinet members except the premier had resigned. A Jassy despatch confirms the cabinet-wide resignation.
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