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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Jan 25, 1919
Page
10
Chicago January 25 grain and related markets fell across the board as heavy selling and bearish sentiment pushed corn 4 to 8% lower and oats 3% to 4% down. Foodstuffs outside grain and packing products also declined, with provisions dropping 42 cents to 1 dollar. Short profit-taking limited some losses at the close.
Bears dominate the corn market with January closing near nine tenths lower after a 12 cent trading range. Oats weaken despite bids. Stock markets show better tone with Bethlehem Steel dividend continuation aiding sentiment amid ongoing heavy selling and cautious buying.
Chicago and several cities report wheat and corn prices with No. 4 red wheat at 2.25 and No. 3 northern spring at 2.19, yellow and white corn varying by grade. Markets show receipts and price declines in St Louis Peoria Kansas City and Minneapolis with spot oats and flax listed.
In New York on January 4, analysts say the peace time expansion is stalled by price declines. Buyers hesitate as prices ease across wholesale and retail channels, with nine straight weeks of more declines than gains. Demand falters, inventories mount due to unseasonable weather, and production dips ripple through eastern industrial centers amid labor shortages and idle machinery. Weekly bank clearings total 6,348,603,043 dollars.
St Louis January 25 Timothy hay receipts ease the market yet demand stays good. Better grades sell freely with No 1 timothy around 31 to 33 dollars, standard 29 to 30, alfalfa choice 38 to 34, prairie hay choice 31 to 32, straw about 9 dollars.
The Davis Cleaver company quotes eggs at 46 cents a dozen, the price producers will receive. Nearby quotations show Blatchford's milk mash and Blatch Eng Peale meal up 10 cents, now priced at 25.
Prices paid for hay and grain by the Knollenberg Milling Company. Wheat No1 tested 60 pounds or better at 2.30, No2 at 2.27. oats 70c. ear corn 1.46 1.65. rye 1.45. various hay and straw prices. cattle and hog quotes from Anck Brothers. poultry and hides prices from multiple firms. mill product retail prices and wool values quoted by Bolles & Rogers. Prices are in Quincy delivered terms with several vendor-specific quotes.
Seed market in Toledo lists Clover seed prime cash 24.10 for Jan Feb Mar and 23.95 for Mar. Alsike cash 17.40 Jan and Mar 17.50. Timothy prime cash 4.52 percent, new 4.65 Jan 4.70 Feb 4.776 Mar 4.80 May 4.824. Rept. 5.4. A reflective closing line on beauty’s fatal gift.
Mercantile paper 56 6 percent, sterling 60 day bills at 4 73 and a quarter, Mexican dollars 77 1 4. Government bonds steady, railroad bonds irregular. Time loans firm for 60, 90 days and 6 months at 5 5 percent. Canadian money high 4 percent, low 4 percent, closing bids unclear.
Liberty bond quotations from New York show closing prices for various issues including 3 4s at 98.90 for the 3 4 or 34, first convertible 4s at 93.50, second 4s at 93.30, first convertible 4%4s at 95.60, second convertible 4s at 4. eh, third 44s at 95.46 and fourth 44s at 4.5.
Hogs receipts steady in St Louis with prices for various weights. Cattle receipts 2,400 in St Louis with steady to slow demand and mixed price ranges. Chicago reports heavy hogs and cattle receipts with variable prices across weights. Kansas City shows hogs lower with most buyers at 16.90 to 17.25 and cattle strong at 18.20 for prime fed steers. Sheep and lamb markets also noted with mixed changes.
New York and other markets report varied changes on January 25. Butter, eggs, and poultry show firmer or lower prices across regions including New York, Chicago, Kansas City, and St. Louis with receipts and fresh gathered goods noted. sugar and coffee spot prices in New York display irregular movements amid mixed letters of market tone.
Rye No 2 closed at 1.61 per bushel barley 89 cents Timothy at 8.50 to 10.50 Clover nominal level noted with no further movements.
Basil, Jan 25. Leon Trotzky, Bolshevist minister of war and marine, was captured at Narava after Bolshevist defeat, according to Libav dispatches. Finnish troops' intervention in northern Esthenia and Livonia is said to have cleared the country of Bolshevist forces.
Washington reports secretary Baker told the house rules committee that the 35th division of Kansas and Missouri National Guard had 827 men killed or died of wounds through Nov 7 in France. Campbell urged a congressional probe into alleged shortages in artillery, ammo, food, air cover, and care during a seven day Argonne fight. Baker said full evidence would be needed and deferred inquiry until troops return from France.
Forty eight American air service officers who served in Italy have been authorized by the Italian minister of war to wear the Italian service ribbon. No medical reserve corps officers were decorated. The officers have returned to the United States and their Italian certificates have been sent to the division of military aeronautics for distribution. Decorated officers include William J. Flynn of Detroit Edward B. Mayer of Iowa City Verlie Van Sile of Geneseo Clarence M. Young of Des Moines.
Springfield public utilities commission issues a temporary order raising the Galesburg to Abingdon interurban fare by six cents. The new rate becomes 26 cents one way, based on a two cent per mile mileage system, and runs until October 1, 1919.
In Carthage Des Moines engagement news reports the marriage of Miss Winnifred Hamilton to Floyd Nigermeyer in Des Moines. The couple, now visiting the groom's Fort Madison family, plans to visit local relatives next week. The bride, daughter of Mrs. Calvin Love, is a longtime Carthage resident and former Mississippi Valley Telephone employee. Nigermeyer formerly ran Dollar Bill clothing in Carthage, served in the Hancock county unit, and was discharged recently at Camp Dodge. Other local notes mention Gem City basketball plans, residents visiting relatives, and released American prisoners as listed by the war department.
H H Howard Canton presents certificates of honor to fifty Lewis County Four Minute Men recognizing loyal service during the 1917 18 war. State Chairman Leonard lauds Lewis County for high averages and strong local organization in Missouri despite St Louis headquarters. President Wilson’s letter affirms pride in honorable discharge and wartime defense.
The state department plans to issue passports to Aledman Algernon Lee James O Nea l of New York and John M Work of Chicago delegates to the international socialist conference in Switzerland as soon as it has definite information, after withholding credentials earlier.
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