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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Dec 23, 1916
Page
10
Market notes from Chicago report a strong finish as export demand and entente war-scare rumors boosted prices. Wheat rose across futures with May around 1.67 and July near 1.38, while corn oats and hogs also gained, reflecting tighter rural offerings and bullish sentiment ahead of holidays.
The Daily Market Letter notes markets close for Christmas in the US Canada and the UK with the NYSE open. Wheat steadies near opening, corn around 90 cents, oats tied to corn. Provisions rise on peace hopes and war continuity, suggesting strong investment in provisions.
Butter prices hold steady or rise slightly across New York Chicago and Kansas City while eggs, poultry and potatoes show varied receipts and regional ranges. Rates cover creamery butter eggs poultry and live fowls with regional price spreads and recent demand signals.
Market summaries show hogs and cattle trading firm across major U.S. yards including Chicago St Louis and Kansas City. Receipts around 33 000 hogs in Chicago with varying classes selling near nine to ten dollars. cattle receipts around 8 600 with mixed prices. sheep near eleven dollars. Similar steady to higher trading observed in St Louis and East St Louis with hogs at ten dollars range and cattle around five to eleven dollars. Omaha and Kansas City reports note steady to higher bids, with hogs and cattle showing modest gains and varied weights and grades across receipts.
Detroit December 23 Ford Motor company announced a seven day plant closure to relieve railroad congestion and speed handling of carloads of food and fuel. Vice President Frank L. Klingensmith said the suspension will reduce production by about 2,500 cars daily and idle 42,000 workers, causing an estimated wage loss of 1.4 million dollars for the week.
Washington figures show the first one hundred national banks, once clustered in a few centers, now number 33 cities in 22 states. Resources rose by 550 million dollars between Sept 12 and Nov 17, about nine percent, with all but one bank above 20 million dollars each. New York leads with 25 banks, followed by Pennsylvania 16, Missouri 8, and California and Illinois 7 each.
Animals for sale in East St Louis IA list horses and mules with various heights and prices. Prices shown as 175 dollars for some horses and 225 dollars for others with different height ranges and figures. The OCR text is garbled but indicates livestock for sale and price quotes.
A terse exchange unfolds as a woman questions employment prospects while a hobo quips about risking life in an ammunition factory or milking cows for a livelihood, highlighting harsh job pressures in a period of prosperity.
London December 23 The government will release seven Irishmen interned after the rebellion in Ireland The decision was announced by Henry E Duke chief secretary for Ireland in the House of Commons He said the advantages of release outweigh the risk and steps will be taken to return the prisoners to their homes
A vintage advertisement touts Sloan's Liniment for stiff sore muscles, cramps, strains, sprains and bruises. It claims quick relief without staining skin, penetrates deeply, and offers a 25 cent bottle available at all druggists. The copy urges readers to apply for easing rheumatism and stiffness.
New York stock market rebounds from the prior session’s hysteria with gains from 3% to 10 points in many issues. U S Steel leads the advance, rails and internationals rise, and total volume reaches about 1.8 million shares as shorts cover.
Hay and straw mixed grades quoted with weights. No. 1 Clover and Timothy threshed values listed from $11 to $17.50, with No. 2 at $14 to $16.50 and No. 1 Alfalfa around $22.50. Clover quotes range $14.50 to $17.50, light and mixed hay about 50 cents lower. Wheat and oats firm at $8 to $8.50 track, with two car wheat sales at $8.50 switched.
Bradstreet's notes peace in Europe as the week's foremost factor causing uncertainty about peace timing, conservative shifts in demand and prices, and a sobering mood with reduced speculative ambitions. Yet near-term trade remains brisk as industries push sales ahead, with weekly bank clearings at 6.419 billion dollars.
New York reports a dramatic swing in the cotton futures market as optimism on peace gave way to weakness. Early trading saw heavy buying and a gain of over 3 a bale, but prices later plunged to the day's lows with declines around 25 a bale from pre holiday peaks.
Friday’s local livestock market saw higher hog prices with hogs up ten cents per hundredweight. Straw, oats, corn and hay arrived in 23 loads, including 11 loose hay, five loads at 11.50 per ton, and five at 11 per ton. Corn sold varied: old grade at 1.00 per bushel, new grade at 9 cents, others not priced. Oats sold 56 to 65 cents per bushel. baled straw at 6 per ton. baled hay in four loads from 11 to 12.50 per ton, with one price not listed.
Prices for hay grain and farm feeds list No 2 wheat at 1.55 per bushel corn 0.90 to 1.00 for new corn oats 0.604 0.55. Straw and hay prices from 5.50 to 12.00 per bale loose hay 10 11.50. Clover and alfalfa seeds and mill products with flour rates from 4.80 to 5.20. Livestock quotes cover hogs by weight at various grades, wagon hogs, pigs, calves, steers, cows and sheep. Poultry and hides prices listed, plus saddle horse and pony values and miscellaneous items.
Seed prices across markets show mixed movement with clover firm and timothy weak. St Louis reports timothy weak, clover firm, redtop and millet varied, alfalfa and alsike higher. Toledo lists clover and alsike around 10.50 to 11.25, timothy about 2.40 to 2.55. Chicago notes clover 12 to 17, timothy 2.60 to 5.60, miscellaneous millet prices. The article ends with a garbled line about calculating what men owe vs what they own.
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