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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Jan 07, 1917
Page
7
Wheat led a broad market advance driven by Emperor William's message and ample Gulf port vessel supply. May wheat surged to about 1.85 dollars, corn rose to 1 dollar per bushel, and oats, hogs, and lard also advanced. Western hog receipts lagged last year, aiding a firmer tone.
Grain markets from Chicago to Liverpool show scattered quotes for wheat corn and oats. Prices range with No 2 red spring wheat around 31.90 per bushel in Chicago and futures in Minneapolis Peoria and New York fluctuating amid weak opens and firmer closes.
New York stock activity shows a subdued start to the year with no major features. Recovery from Friday lows occurred as traders closed contracts, with bank reserves rising over 25 million and vault reserves up nearly 40 million. Bonds moved little, with a few exceptions, and money and currency rates held steady as the market faced post holiday calm.
Markets across Uhienzo and New York show mixed prices on dairy, poultry, and grains. Butter creamery and Elgin offers steady to higher quotes, with potatoes, turkeys, and cheese prices noted. rail rate cuts noted as a factor in market sentiment.
The Weekly Market Letter notes bullish grain sentiment after the New Year, with wheat rising on reports of Entente rejection of Germany's peace proposal and later gains on anticipated peace moves. Corn climbs toward higher figures amid short covering and England’s control of UK corn, while oats show movement and pork prices hover around high figures as European demand and food fears influence the market.
Omaha and Kansas City report receipts in cattle hogs sheep and lambs with mixed trend. Chicago and St Louis note hog and cattle prices and steady to higher bids, with include native calves and yearlings and various feeder classes.
The column lists mixed hay and grain prices, milling products, and receipts from St Louis and Chicago markets. It includes bids for No. 2 wheat, corn, straw, alfalfa, and various feeds, plus hog, cattle, and poultry quotations, and local butcher notes. It also records bank clearances and a note about a baby carriage need in a populous community.
Saturday farm buyers gathered at the local market despite threatening weather. Hog prices rose ten cents per hundredweight while hay oats and corn were sold in varied lots. Loose hay brought 11.54 to 12.00 per ton, baled hay 12.59 and 12.00 per ton, oats 0.46 per bushel, corn 0.96 per bushel, with several loads sold without listed prices.
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