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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Jul 31, 1919
Page
3
A Whig letter extols the Federal Farm Loan system, highlighting low costs, long terms, and reduced tenancy. It argues federal loans save borrowers about 1 percent annually and offer optional $25 semiannual extra payments, with easier terms for small savers and farmers to buy homes.
Rainy weather and car strikes dampened sentiment as corn futures slipped, except July which edged up. November through December futures softened with exports and provisions trading irregularly. Northwest car lots report steady activity while weekly receipts and shipments varied across wheat, corn, and oats in Chicago and the upper Midwest.
Hogs push the top price to about 21.75 after a ten cent rise marking the first uptick in days. Milling products also rise with cotton seed meal up 45 cents and Amco Dairy feed up 30 cents. Corn trades at 2.00 per bushel with another at 1.95. Oats bring 0.70 and 0.72, and timothy hay sells at 25.00.
Weather clues point to more precipitation in corn areas while markets react to potential rule changes and labor unrest. Prices opened lower and closed with fair losses across most deliveries except July, oats eased with some recovery, cash demand weak but expectations of large export and damage reports support produce. Stocks fell after a firm start but recovered later as traders weigh Federal Reserve signals against public sentiment on trade and commerce.
The piece notes heavy selling by professionals amid tighter money, predicting further setbacks in major lists. It urges buying on breaks in rails, copper, oils, motors, tobaccos and leathers, with dividends expected from government surplus realignment and farm prosperity. Names include Patience, Union Pacific, Southern Pacific, Atchison, Great Northern, Rock Island, Southern Railway, and mining outfits like Caledonia and Heelan.
Grain markets show mixed bids across Chicago St Louis Kansas City Minneapolis and New York with bids for cash wheat prices ranging from No 1 red around 2 26 to No 5 hard varieties and corn prices around 2 01 to 2 10 for mixed and yellow grades Oats hold for No 2 white near 79 cents to 80 cents a bushel Rye bids and Timothy prices are noted and futures trading reflected modest moves across several regions.
Markets report in New York and Chicago fields with dairy movements, butter, eggs, and poultry items. Rutter Firms receipts 8500 creamery prices up. cheese steady with receipts 6239. live poultry irregular. Chicago butter higher with eggs lower and a large egg case. potatoes and raw sugar quoted with varying prices.
King Albert and Queen Elizabeth of Belgium will be guests at the White House during their Washington visit, likely in October, as announced from Washington on July 31.
New York stocks faced opposing forces on July 31 with heavy selling after an initial rise led by United States Steel. The market recovered only in select issues as declines persisted in many shares. Trade showed 1,300,000 shares changing hands with uneven bond activity and foreign exchange unsettled by Paris.
New Wheat prices tested 60 lbs or better at 32.11 per bushel No 2 hard wheat 2.03. Baled and loose hay across Timothy, Clover, Prairie and mixed types range from 12 to 35 dollars per unit. Market quotes cover corn, oats, straw, and feed blends. Butchers quotations list hogs, sows, calves, and lambs with varied weights and prices. poultry, eggs, and dairy feed items follow along with hides, tallow, beeswax, wool, and a wide range of farm commodities. Local vegetable and fruit prices include oranges, bananas, pears, apricots, lemons, limes, watermelons, apples, cucumbers, tomatoes, and peppers.
A vintage drug advertisement for Texas Wonder claiming to treat kidney and bladder issues in men and women and regulate children’s bladder troubles. Requires $1.26 by mail, two months’ treatment per bottle, includes testimonials and Dr. K W Hall address in St Louis, Missouri. Sold by druggists.
Liberty bonds in New York on July 30 closed with 3s at 99.64, first 4s at 94.40, second 4s at 93.62, first 44s at 94.90, second 44s at 94.06, third 4s at 95.10, fourth 4s at 94.10, victory 33s at 99.90, and victory 4% at 99.96.
Seed market in Toledo lists clover prime cash 29.50, October 31.50, December 30.10. Alsike prime cash 26.25, October 26.60, December 26.50. Timothy prime cash old 6.40, September 6.98, October 6.85, December 5.95, March noted.
At East St. Louis on July 31 buyers show limited demand for average stock. Best bids go to strictly good southern mares and choice southern horses, with prices ranging from 125 to 160 dollars for trims, while plainer horses and plugs attract 25 to 65 dollars. Mules sell slowly, with prices from 50 to 200 dollars depending on size and quality.
Timothy hay demand stays firm for bright No 1 timothy with prices $29.30 for standard and $23.34 for No 8 stems. Clover hay No 1 at $28.29, No 2 at $26.27. straw standard near $23.62 to $24.90. Local buyers note uneven pricing and mixed lots across timothy and clover varieties.
Rye and barley prices noted with nominal levels and ranges for New York coffee. Spot coffee steadiness reported with Rio and Santos figures. cotton futures open with December and January bids and slight activity.
Chicago, East St. Louis, Peoria, Kansas City and Peoria show mixed cattle hogs and sheep receipts. Prices range with hogs topping around 23.15 dollars in St Louis and Seattle alike, cattle varying by weight and grade, lambs weak with 84 pound lambs near 15.50.
The Marine Corps will reduce war time strength from about 85,000 to a permanent level near 8,000 officers and men. General Barnett announced the plan as part of postwar adjustments.
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