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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Jun 07, 1918
Page
5
Torrential rains in Iowa push corn prices higher with July at 1.35 and August 1.36, oats up 1 to 1 1/2 cents. Provisions ease while hogs soften. bulls buoyed by export demand. Trade notes delayed field work and reduced receipts across Iowa and Ohio Valley.
The Corn Market Letter notes corn fell about a cent in early trading, then rose nearly four cents as short covering and investment buying spurred a rally. Oats gained after an initial dip, driven by exporter activity, while wheat and corn tied markets with rains and expectations of a slow harvest. Provisions eased with lower hogs and weak cash demand, and stocks closed near day lows amid dividend cuts by Nevada China Kay and tax worries.
Daily cash grain quotes from Chicago St Louis Kansas City and Omaha show No 2 yellow corn around 1.60 to 1.70 plus No 2 white and No 3 white figures. Oats values range from about 0.74 to 0.97 with mixed and standard grades. Futures quotes in Minneapolis and St Louis indicate modest shifts with July corn and oats noted.
Thursday's session showed a firm market tone with stocks likely to rise on war front optimism. Investors buy on breaks in measures such as VU, 8 Steel, Anaconda Copper, Baldwina, Binchair OF and Motors and await stronger rallies. Rail stocks Union Pacific Southern Pacific Atchison and St. Paul expected to pay for the crop year and warrant investment. Curl market quiet while mining securities hold firm and war issues stay solid.
Large market transaction as 22 wagon loads of farm products sold. Hay loads ranged from 13 to 14.5 dollars per ton, baled timothy at 15 dollars, corn at 1.45 to 1.59 dollars a bushel, cats at 0.65 a bushel, and oat straw baled at 8 dollars per ton.
Local market report lists prices paid for hay and grain by Knollenberg Milling Co. Wheat two dollars ten cents per bushel, yellow corn 70 pounds at 1.40 to 1.45, oats 62 cents, rye 1.65, various hay and straw prices, plus mill product prices per cwt and horse and hog lots. Also quotes for poultry, hides, wool, and other dairy and feed items, with regional delivery in Quincy.
Hogs receipts 27,000 with prices easing to 10 to 20 cents early, then firm. heavy packing at 15.90 to 16.35, lighter weights around 16.75 to 17.15. Cattle receipts 10,000 with steady to higher bids. beef steers 11.60 to 17.70, bulls and cows mixed, calves steady. Sheep receipts 10,000 with lambs up to 17.85 and ewes around 12. or 14.25. Other markets listed for St Louis Omaha and Kansas City with similar trends.
On June 1 in East St. Louis the horse market showed little activity with few outside buyers. Draft horses ranged from 230 to 380 dollars, farm mares from 125 to 268, Illinois farm mares 175 to 200, and southern horses from 115 to 380. Mules were quiet with prices from 90 to 325 dollars across various heights. A closing adage notes a woman forgives all but lack of admiration, and that success begets further recognition.
In New York on June 7 stocks moved slowly for most of the session with only late gains of 1 to 4 points as favored shares faded. Rail issues faced restraint due to concerns over director-general powers and impact on guaranteed net incomes. Final hour trading brought the lowest quotes across shipping, industrials and specialties led by tobacco. volume was 530,000 shares with irregular Liberty bond prices. Market reports note mercantile paper at 66 percent and money rates high,reflecting cautious sentiment.
In Toledo on June 7 Clover seed prime Cash 18 for Oct delivery. Alsike prime Cash 14. Timothy prime Cash 2.45 with Sept 100 and Oct 3.85. Dec and Mar prices listed but partial details incomplete.
The Eagle Eye and police guard the Ansonia hotel during the naval officers ball as German agents plot to bomb the main stairway. Agent Von Lertz attends with Dixie Mason while Harrison Grant directs guards and safety measures to prevent mass casualties.
Experienced doctors claim spring tonics remove blood and nerve impurities after winter overindulgence. They tout Phosphated Iron as a red blood builder, promising renewed health and vigor. capsules only, avoid pills, available at Owl Drug Store and leading druggists.
London report quotes Archibald Hurd, naval writer, stating the German U-boat campaign off the U S Atlantic coast cannot be sustained for long. He analyzes supply and strategic limits affecting Germany's submarine operations during the ongoing conflict.
An advertisement promises instant relief from catarrh and stuffed nose by applying Ely's Cream Balm inside the nostrils. The fragrant antiseptic cream soothes swollen mucous membranes, opening nostrils and easing headaches for breath.
A Cincinnati man discovered Free Zone and markets it as a cheap, painless cure for corns and calluses. A few drops applied to the affected area dry instantly and shrink the growth without harming skin, letting the corn lift off with no pain or soreness.
Mr. Hurd argues the actions were designed to weaken the American navy in European waters or to intimidate the American people, suggesting hostile intent behind the operations.
An old ad copy urges internal sanitation through a daily glass of hot water with limestone phosphate to wash out toxins from the bowels. It claims this practice prevents foul taste, bad breath, headaches, and various pains by cleansing stomach, liver, kidneys and bowels.
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