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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
May 29, 1918
Page
3
Chicago May 29 A choppy corn market with buying power lacking ended near session lows as forecasts of cold weather gave way to expectations of heat. Prices fell modestly with June at 1.85 and July at 1.36 per bushel. Oats were flat to slightly down and hogs slipped, while reports showed adjusted trade data and firm export market stance shifting sentiment mid session.
Long Commission Co.'s Daily Market Letter notes corn rose late on short covering and cold weather, then fell to new crop lows with weak demand and exports retreating. Oats followed corn, hogs slid, rails and select equities rose amid a favorable session despite tax and war anxieties. market shorts increased after a protracted decline.
New York May 29 The stock market saw rails firm while industrials weakened amid rate talks and tax proposals affecting war shares. Gains appeared late as short interest grew. United States Steel fell slightly. Bond yields slipped to new lows as Liberty issues weighed on loans. total par value sales reached 38.6 million.
Grain quotations from Chicago St Louis Kansas City Peoria and Minneapolis on May 29 show mixed corn and varying white yellow and mixed grain prices. Illinois Missouri and Minnesota markets list No 2 and No 3 white and yellow corn Oats and Rye with changes and bids. Minneapolis and New York notes reflect spot and futures activity.
J E Bennett notes the market nearing completion of recent weakness with US Steel near 100 and warns of further declines in copper and general war linked stocks. Recommends buying Anaconda, Inspiration, and oil shares as declines unfold. curb market shows slow trading amid overall bearish mood, with bargains to seize before a potential bull run.
Chicago May 29 rye and barley prices show rye at No. 3 $1.91 Timothy at $6 8 Clover at $1 25 Barley listed nominal with rye and barley markets noted.
On Tuesday white corn fell ten cents to a maximum price of 1.60 a bushel while hogs eased thirty cents after a Monday drop. Only 17 wagon loads of farm products were received and sold, with hay, corn and oats noting modest prices amid muddy roads hindering trade.
Prices from Knollenberg Milling and local dealers list hay and grain by the knottenberg mill, hogs by weight and wagon load, dressed meats, poultry and dairy feeds, plus hides and wool quotes. Quotations cover wheat corn oats rye straw timothy clover hay and milling products, with hogs from 90 to 250 pounds, calves, steers and sheep priced, all delivered in Quincy.
Toledo May 29 reported cash prices for Clover seed prime 318.25 Oct and 14.15 other terms. Alsike prime cash noted, and Pris mothy prime cash with Oct and Dec terms 3.97 percent and 84 cents in May.
Hogs receipts 18,400 in St Louis with prices 16.60 to 16.75 for most, cattle receipts 6,200 with native beef steers 11.50 to 17.60, stockers and calves 5.50 to 12, sheep 2,660 with lambs 14.16 to 16.65. Chicago hogs 28,000 receipts with bulk 16.55 to 16.80, cattle 12,000 receipts with steers 10.50 to 17.60, sheep 6,000 receipts with lambs 13.50 to 11.73. Omaha hogs 12,900 receipts heavy 16.30 to 16.65, cattle 3,900 lower 12.25 to 17.10. St Joseph hogs 7,000 receipts top 16.70, cattle 1,000 steady. Sioux City hogs 9,500 lower with light 16.40 to 16.50. East St Louis hogs 13,000 with heavy 16.80 to 19.90, cattle 9,500 slow at 17.60, sheep 2,500 steady to strong with lambs 14 to 16.65.
Butter and eggs show mixed quotes across markets with New York receipts at 13 842 and creamery extras around 43 44 cents, firsts 41 42, and packing stock 29. Irregular cheese and fresh totals in the region, while St Louis lists fresh eggs at 27 cents per dozen and butter extras at 42 cents. Chicago and Kansas City offer similar ranges with unchanged butter and poultry, and states noting lower potato prices and mixed egg quotes.
Robert Trabue, infant son of Mr. and Mrs. Fred Trabue, died Sunday aged about thirteen months after congenital heart leakage. Funeral held Monday at 2:30 p.m. at sister Mrs. August Gruny's home, conducted by Rev. C. C. Wisher, burial in Evergreen cemetery. The family had recently moved to Bower and the baby was brought by auto to Camp Point for the service.
The report lists poultry items and prices including turkeys hens round 20 and 28, fowls young and old 23, ducks 2642 muscovy 15, geese 14 with geese plucked 21, and various per dozen or per pound prices. Also spot coffee prices in New York show dull Rio Santos at 4s 10% per 100 pounds.
East St Louis on May 29 reports no major changes in the horse market with steady to strong demand across draft, farm and southern horses. Drafts fetch up to 280 dollars, farm mares around 125 to 165, and southern horses from 75 to 130. Mules show steady demand exceeding supply with prices listed for 12 to 18% hands and up.
Hay and straw prices from St. Louis dated May 29 show market quotes for alfalfa and clover hay with various quality grades and numbers. The government bond list includes U.S. 8s and Liberty Bonds with price figures and coupon notes.
The Tuesday casualty list reports 38 names across categories: killed in action, died of wounds, died of disease, missing in action, and wounded severely. Notable named individuals include Major Raoul Lufberry killed in action and Lieut Walter G Chafer missing in action, with numerous soldiers listed by rank and hometown across the United States and abroad.
Major General Leonard Wood will be given more active duty and assigned to train another division, likely at Camp Funston, as his detachment from command of the 89th division heads overseas. He had asked Secretary Baker for active work if abroad service was not possible.
E W Rusk, Adams County farm advisor, schedules three demonstrations for Monday June 17. Events begin 10:30 at Roy Morton’s farm on Hessian fly varieties with W P Flint present. 1:30 at Russell Davis’s farm for clover alfalfa and soybeans plus equipment and Dorset livestock. 2:30 at Clayton soil experiment field with Dr. Hopkins addressing. Also discusses farm labor shortage and local labor help via U S Boys Working Reserve and employment service.
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