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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
May 04, 1918
Page
10
Chicago markets show corn prices closing strong with gains as export prospects lift demand. May futures stand near 1.27 and July around 1.49 while oats rise modestly and provisions follow grain strength amid shippers buying ribs. Receipts and shipments remain robust with weather favorable across the belt.
Across Chicago Kansas City Peoria and other cities traders report mixed Corn prices with No 2 yellow around 1.69 to 1.76 and No 2 white near 1.76 Oats hold steady to higher with various White and Mixed grades noted Rye and Kaffie maize quoted in several regions Wet textures show small changes as markets wait for cash bids and futures direction in mid spring trades.
The market opened irregular with a firm tone as steels led activity. Advisers urged buying steels on weak spots for higher prices and selling on gains, while rails attracted buyers on steady revenues. War news and Liberty Loan prospects supported sentiment, with profit taking visible on weaker issues.
Knollenberg Milling and local markets list prices paid for hay and grain wheat 2.10 dol lars per bushel yellow corn 1.20 1.45 white corn 1.50 1.79 oats 1.2 rye 2.26 baled straw 7.8 mixed hay 1.8 20 baled clover hay 1.70 2.1 hog prices by origin west of the Mississippi rail yard quotes vary by weight from 90 to 300 pounds with ranges 14.20 to 17.20 for light hogs and 15.95 to 16.45 for 200 to 250 pound hogs plus butcher and poultry prices and miscellaneous stock items.
Market receipts mix across St Louis Chicago Kansas City Sioux City and Omaha with hog and cattle prices, steady to higher trends and notable tops. Hogs buyers paid up to about 17.60 per hundredweight, cattle top around 17.60, lambs near 21, with regional variances noted in May trade data.
New York reports steady butter and egg receipts with firmer tones and mixed firsts. Chicago and Kansas City note unchanged butter and poultry, while raw sugar in New York stays steady at 7 45 per hundredweight. St Louis lists fresh eggs at 10 per dozen with shipping and return concerns.
The May 4 market report from Louis notes dull demand for Timothy hay and various grades of timothy, clover, alfalfa, prairie hay, and straw. Prices range with No 1 Timothy at 24 25, standard 22 28, No 2 17 18, and straw at 80 1.
Local quoters report steady market prices Friday as 243 wagon loads of farm products moved through the city market yard. Prices included three loads of loose hay at 19 to 19.50 per ton, Timothy hay at 22 and 21 per ton, yellow corn at 1.59 per bushel, oats at 0.79 and 0.78 per bushel, and baled oat straw at 3.50 per ton.
Toledo stock report lists Clover seed prime cash at 18.60 for October delivery and 15.25 cash for prime. Timothy prime old 2.80 cash new 3.86 with September 4.37 and October 4.25. October pricing shown for both seeds.
May 4 market report notes strong demand for draft and farm horses with prices ranging from $35 to $200. Eastern chunks and farm mares command higher prices, while southern horses and mules trade at steady, if quiet, levels. Trade shows limited mule availability and mixed prices across several hand sizes and breeds.
Enthusiasm at the final hours of the Liberty market waned, curbing the recent stock rise. United States Steel held leader status but closed at 98 1/2, little changed. Lackawanna, Republic Iron, Virginia Iron, and Colorado Fuel slipped 1 to 2 points, with Marine and Atlantic Gulf also easing. Total trades 340,000 shares, Liberty bonds led with 4s, total sales 6.3 million. Money market in New York showed mercantile paper at 4 and 6 months 6 percent, time loans 6 percent, call money at 4 percent high, 3 1/2 percent low.
Carthage region report notes Joseph Merriman, a prosperous farmer six miles southwest of Carthage, fell from a hay mow while unloading hay. He struck a wagon wheel and was rendered unconscious with serious head wounds. Local civic activities and Red Cross outreach are also described, including a Carthage Civic League meeting, garden and water supply initiatives, and health recreation programs.
The itemized market brief lists discounts on cheeses and meats, including various cheese brands with per pound prices and quality notes. It also covers live poultry and dressed poultry prices, and a St Louis report on hides with current receipts and War Industries Board price guidance, plus sheep pelts, goat skins, and kerfuffle around future production pricing.
Rye No 3 nominal Barley priced at $1.40 to 1.75 Timothy at $5 to $8.25 Clover at $18 to $28 for the day. Prices reflect wholesale trading and market quotes across the commodity baskets in Chicago.
New York May 4 Dun's today notes greater concentration on war work with government domination of production distribution and prices. The movement to control markets spreads and supplies shrink threatening civilian use restrictions. Excess costs push economy retrenchment and retail trade tightens across regions as harsh weather dims bank clearings to 5,261,339.
The article lists local movements including teachers reelected with higher pay, residents traveling to Burlington Chicago Des Moines Bloomington and Bloomington. It notes Jackie band event in Barry with parade and speeches and Barry school board action re staffing with raises sought and several contracts closed.
Mrs I J Callaway returns from Columbus relatives. Mrs D E Akers who went to Hot Springs Ark with her husband returns home. M Dwyer moves from Quincy. J Lippincott and family occupy new home. A Harbourn visited Springfield. Attorneys Anderson and Hesg here on business. Mrs Harry Lewis of Forrest Illinois visits. Mrs H F Parnell and daughter return to Terre Haute. C L Morgan hosts parents from Farmington. New city officials take office next Tuesday. Capt H J Hadsell weak after hospital stay. Barry school to close May 18 with 17 graduates. Large crowd at town lot gate in new addition.
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