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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Oct 04, 1919
Page
10
Chicago and New York quotes show a sharp drop in corn prices led by Argentina export fears. December corn around 1.23, May near 1.21, with oats and pork futures posting declines amid weaker demand. Weather and Western supply considerations tempered any rally, while Seaboard regions showed mixed gains on logs and lard prospects.
Hogs receipts 16,000 with est 20,000 for today, prices higher by up to 50 cents. Heavy hogs around 16.50, light weights up to 16.75. Cattle receipts 4,000 with steady tone and varied weight classes. prime beef steers near 16.59 to 17.23, common around 15 to 18. Veal calves and feeder cattle also listed. Sheep receipts 15,900 with lambs around 13.74 to 15.15, mixed stock at 6 to 13.25. Market notes from St Louis and New York summarizing stock activity and prices amid unsettled financial conditions.
Prices paid for hay and grain including wheat oats corn and straw. Items listed include No 1 new wheat 2.11 No 2 2.08 rye 1.50 oats 6i corn 1.70 baled straw 9.10 baled timothy 30 baled clover 20 prairie hay 212 alfalfa 17 Clover mixed 20 loose straw 7.50 and more quotes from local butchers and feed producers with livestock and dairy products prices.
Hogs came back on the local market Friday with prices advancing thirty cents per hundred pounds. The city market for business was steadier after recent declines. Six loads of corn brought $1.60 per bushel, four loads of oats sold at 70 cents per bushel, two loads of loose timothy hay sold for $28 per ton, and one load of baled hay also brought $28.
The corn market shows a sharp futures decline after steady cash trades due to a short yellow corn supply for shipping. Bearish factors include a drop in Argentine corn and freight rates, while oats show a brief bullish spike that fades. Trade in hogs and stocks remains weak with uncertain outlooks amid political concerns and President Whisen’s illness.
The market softened across grains and metals as buying against bids faltered. Prices sank with declines in corn and wheat futures, Argentine and other overseas markets faltering, while activity remained light and shipments from the West offered little support.
An early report on New York stocks notes negative early movement following illness of the President, with expectations of further declines and unsettled conditions. Forecasts point to a cautious outlook until a peace treaty progresses and general business improves, while sectors like motors, tobacco, textiles, and meat stocks may offer some dividend prospects.
The report describes cautious investor activity with several rail and utility securities highlighted as attractive. It lists Liberty bonds firming toward par, packing houses rising, and calls to buy big five issues for future world demand, while noting steady New York curbs and slow perfection markets. It also covers grain and forage prices with timothy, clover hay, alfalfa, prairie hay, and straw price ranges and quality grades.
October reports from St Louis note the Timothy hay market remains steady for Seal No 1 timothy with excellent local demand. Standard timothy shows fair demand while No 2 and lower grades appear weaker and less favored by buyers.
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