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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Nov 01, 1919
Page
3
Rainy weather delayed husking and cribbing helping bulls in corn with prices moving between a quarter cent decline and 2 cents gain. December at 1.28 and May near 1.24, oats up modestly. Provisions mostly up amid broad commodity strength and export sales reports.
Chicago and St Louis report mixed corn and white grain prices with No 2 yellow at 1.44 and No 1 red at 2.28. Kansas City notes cash wheat steady with No 2 red and No 1 red pricing near 2.28, while Minneapolis shows northern wheat around 7.84. New York markets echo steady spot grains, and cotton futures close steady with December at 20.66. Coffee spot in New York remains quiet, with 7s at 0.00 and 4s at 0.00.
Local market notes show hogs firmer with a twenty cent rise per hundred pounds on Friday. Corn prices were unsettled with a 75 pound bushel selling at 1.10 to 1.45 dollars per bushel and hay at 27 dollars per ton.
Prices for hay grain and livestock from Knolfenberg Milling Co and other sources. New wheat and corn prices listed with various hay, straw and alfalfa values. Hog, cattle, sheep, poultry, dairy and feed products quoted by regional sellers with multiple weight classes and units. Wool and grease markets noted as season winds down.
New York and Chicago market notes show varied dairy and poultry prices. Creamery extras around 92 cents, firsts mid 60s to 80s, fresh gathered extras near 69 to 65, state whole milk flats steady near 82. Poultry supply steady with live chickens 27 cents, fowls 20 to 30 cents, turkeys 30 cents, dressed fowls about 4 37, roosters around 21 cents. Raw sugar steady at 7.28 cents centrifugal, grain price context noted.
New York stock prices advanced amid extensive turnover on Friday with steel and equipment issues powering gains. Notable increases included Republic Steel, Lackawanna, Gulf States Steel, and Pressed Steel Car, while United States Steel eased at close. Baldwin Locomotive led equipment stocks as others rose 5 to 12 points. Shippings, Stutz Motors, and major names such as American Woolen and May Department Stores also posted solid advances. Total sales reached 1,950,000 shares. bonds showed no special features.
Chicago and Kansas City livestock markets show hogs and cattle varied in price with receipts around thousands. Hogs in Chicago top around 14.20, cattle mixed by weight, veal and sheep also listed. Kansas City reports higher hogs, weaker cattle, and mixed sheep quotes amid broad market movements.
Telegram style list shows seed prices for Clover, Alsike and Timothy with monthly cash values including October and March figures. Entries reference Prims cash and various sums like $30.60, $34.50, $29.85, and $30.00 among others for 1917 era seed crops.
November 1 price listing shows Timothy hay various grades from No 1 at 21 973 per ton to standard 2966 and 2 No 2 prices. Clover mixed and alfalfa hay noted with range 26 seven to 32 per unit. Prairie hay and straw also recorded with several No 1 No 2 grades and prices.
J E Bennett Co outlines cautious market stance under labor unrest with possible government price fixes for coal. Advises buying declines in favored names like U S Steel Baldwin Locomotive American Car and Foundry Sinclair and various rail and packing stocks. Recommends Liberty bonds and packing shares, expects oils and mines to improve and urges watching for breaks to purchase, with railroads seen as buys at current levels.
Grain and Stocks from J E Hood Co note corn prices rising briefly after opening, then easing as selling increased. December buying against May sales persists amid poor belt weather and limited car supply. Argentine shipments draw attention but domestic corn remains key. Oats hold narrow gains with export sales aiding sentiment. Rye and barley show initial strength fading under hedge selling. Provisions rise on light hog movement, with some long positions added as October congestion clears.
Long Commission Co reports corn prices near new highs amid short covering and light buying under poor weather. December gains offset by mixed May, weather outlook favorable, ample food and feed supplies curb inflation risk. Oats firm on export rumors but weak overseas demand. domestic shipping mainly consignments. Provisions show October contracts active as pork tightness appears, lard and ribs quiet. Stocks show broad activity though details incomplete.
Trading featured steels and rails with coppers and rails holding back. Offerings were light until near the close when a sharp advance in call money boosted profit taking. Government firmness on the threatened coal strike encouraged activity on the long ride and a fair reaction from this level would not be surprising.
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