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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Dec 18, 1918
Page
3
Chicago market notes a drop in hog prices from the government average of 17.60 with profits from shorts leading to a rebound. Corn closes firmer aided by high futures and concerns over hog slaughter capacity at major centers. Wheat, oats, and pork provisions show mixed moves amid heavy market activity and shifted expectations.
Wheat and corn quotes from Chicago and multiple markets show No 1 red wheat at 2.84, No 2 white corn around 1.40 to 1.52, and oats around 0.72. Prices listed for St Louis Kansas City Minneapolis Omaha and Peoria reflect softer cash markets with varied white and yellow corn bids and regional oat and wheat readings.
Hogs receipts around 21 000 in St Louis steady prices with lights at 17.26 to 17.40. Cattle receipts 7 400 steady to strong with steers 11.50 to 18.50, cows and calves mixed. Sheep receipts 1 200 steady with lambs around 15.40 to 15.25. Chicago bids show hogs 40 000 steady with bulk 17.35 to 17.60 and cattle 28 000 steady to strong. Kansas City hogs 380 000 lower with heavy 16.85 to 17.35 and cattle 16 000 higher with prime fed steers 18.20. East St Louis receipts hogs 21 000 steady with mixed 17.25 to 17.65 and cattle top 15.50.
The market shows limited movement with pool issues driving activity and Royal Dutch and other all stock issues seen as strong, likely to rise to unload. Liberty bonds hold near bottom prices, buy for hold to maturity. rails weak but some names advised for dips. Motors oils and copper expected to ease, with buying favored on rebound. Studebaker and Anaconda Copper named, mining stocks firm for accumulation. unlisted shares described as speculative purchases.
Lamson Bros notes government exit from rye and barley markets weakens corn early but rest orders and shorts buoy futures midday. Oats track corn with softer demand and ample receipts. Mexican Petroleum leads stocks higher on rumors of relaxed restrictions, while munition layoffs temper bear mood but rebuilds in skilled labor seen ahead.
Local hog quotations show no change over several days with steady demand. Hogs hauled to the levee yesterday morning belonged to Mr. Altrogge of Melrose township as four loads of hay and one load of oats and straw sold at the local market.
On Tuesday in New York trading, specialties driven by pools and cliques led gains in oils, equipment, tobacco and sugar, while rails and other issues lagged. Total sales reached 465000 shares with Liberty bonds showing irregular moves as 4 1 8s fell to a new low. overall market volume was 11175000 dollars.
Market notes show Rye at No. 2 price 1.54 and Barley at 85 99, Timothy 8 11, Clover listed nominal. The fragment records grain figures and quality terms for futures or cash prices in a historical Rye and Barley report.
Toledo market notes show cash and December prices for Clover seed prime at 25.00 plus cents, Alsike Pee-Cas at 19.60, Timothy prime at 5.10, with several future months quoted. Government securities and U.S. bond references appear in a scattered pricing column.
Chicago officials announced an embargo on all fresh hog loadings for the city due to congestion at the stock yards. The embargo stays until the excessive accumulation is cleared. About 2,000 carloads of hogs are in transit or already in the yards.
Tom Jones Meek of Chicago is appointed extension secretary of the League to Enforce Peace. He previously served as an associate national director in the division of four minute men for the Committee on Public Information.
Senator Penrose of Pennsylvania urged prompt passage of the war revenue bill in the Senate. He dissented from the tax provisions but supported the measure as a war-time act and favored replacing excess profits taxes with a flat income tax system.
East St. Louis markets show Gisbe at 110 to 120 dollars. Eastern chunk horses listed at 150 dollars. Mules range 16 to 16% hands at 200 dollars. Prices cover 15 to 15% hands, 14 to 14% hands at 90 to 125 dollars.
New York reports butter firm with rising creamery prices and strong firsts for extras and packing stock. Chicago notes unchanged butter and egg receipts, eggs steady, live poultry prices higher. St Louis lists poultries and cheese prices, Kansas City shows butter and egg price spreads and unchanged poultry. Raw sugar steady in New York markets with centrifugal at 7.28 and refined at 9.
Senator Penrose said the bill’s rates reach the limit of endurance and only deserve support as a war emergency. He added that tax reductions tied to government requirements will shrink during demobilization and reconstruction and are certain in the future.
Examinations for clerks to commercial attaches under civil service rules will be held nationwide January 14 in preparation for an anticipated expansion of the commercial service and foreign posts.
The agency announces openings for a specialized foreign trade service career emphasizing mastery of at least one foreign language. Candidates must demonstrate aptitude in translation and cross border commerce. Selection emphasizes language skills, analytical ability, and national service commitment.
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