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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Oct 18, 1919
Page
10
Chicago market report shows expected receipts curtailment lifting corn, with December at 1.24% and May near 1.23. Oats mostly steady, provisions mixed as hog and corn gains support costs. Traders weigh railroad wheat preferential freight and President Wilson health concerns amid export bids and city stock deliveries.
New York market notes show oats spot steady with creamery butter and eggs mixed. Sugar raw steady. centrifugal at 7.28, refined at 9.00 dollars per hundredweight. Coffee spot improves with prices at 16 1/2 to 17 1/2 cents, cantus at 25 1/4 cents. Prices for poultry and potatoes also listed with regional variations.
Daily Market Letter notes December corn up about 14 seconds and May corn up around 1 cent amid optimism from a railroad director favoring grain movement. Cotton and oats show mixed strength, while provisions rise on short covering. Argentine exports loom large. U S shipments to Europe lag last year. Railroads eye private ownership with rate requests. government guarantees may continue during pending ICC decision. Reds in Russia seen shrinking amid fears of collapse.
St Louis notes show demand for standard timothy with weaker medium and lower grades, prices listed for baled timothy and various hay types, including No 1 to No 3 grades and alfalfa. Cotton futures in New York closed barely active with October at 34 148, December 32, January 23.91, March 25.57, May 34.27.
Across Chicago Minneapolis St Louis Kansas City and Peoria traders list cash wheat, corn and oats futures with varied quotes. No. 2 and No. 1 grades show mixed gains and steady or slight declines while rye and barley prices trend differently.
Redman and Hendricks conduct a detailed farm sale listing horses including Team Bay Mules and Black Draft Geldings, 180 breeding ewes, hog stock, Jersey cows, and Holstein stock, plus 6000 bushels of corn and vast farm implements. Sale starts at 10 o clock with cash for small sums and cash or notes above 20, Barry Christian Church lunch on site.
New York stocks Friday showed pools driving most activity especially in miscellaneous issues of obscure origin. Steel shares dipped then rallied with the late market. Strong but inactive specialties like Pullman Car and California Packing rose 3 to 10 points while Atlantic Gulf and United Fruit boosted shipping names and Southern Pacific lent support to rails. Total sales 1,325,000 shares. bonds mixed with Liberty down on 34s and foreign issues steady.
Chicago and other markets show mixed gains on hogs and cattle with bulk hog prices around 14 dollars and premiums for heavy packing sows. Cattle receipts steady with prime and choice heavy weights near 17 to 19 dollars, veal calves around 13 to 17, and stocker and feeder categories trading between 5 and 9 dollars. Sheep and lambs noted at varied bids, with breeds and weights influencing prices across Missouri and Illinois markets.
New York Oct 18 A Dun’s analysis notes that labor unrest disrupts expansion in producing and distributing sectors. Transportation strikes raise freight delays, coal miners threaten Nov 1 walkout, idled workers push prices up as wholesale quotes shift. Despite headwinds, some advices remain optimistic.
The city lot held many loads of new corn with most sales unweighed and no prices listed. Heavily weighed corn sold at 31.30 per bushel and a load at 1 365 per bushel. Oats brought 75 cents, old corn 1.55 to 1.60 per bushel. Baled hay sold 26 and loose hay 27. Hogs and other markets remained steady.
Prices paid for hay and grain from Kuellenberg Milling Company list new wheat at 2.12 to 2.11, oats 67¢, corn 1.70, baled hays from 16 to 38 dollars, straw 1.50 to 38, and various pasture and alfalfa values. Local butcher and poultry quotes. hogs, calves, sheep, lambs, and wagon hog prices given, plus milling products, feeds, and seed prices from Toledo market and various mills.
October sales notice lists Dr. K St Matin at Long Point farm 33 miles south of Barry on Oct 21. Adam Longlot and Son at 10 miles east of Quincy and 1/2 mile south of Paloma on Oct 22. George W Young at Center Mo on Oct 23. G D L Whiffle at old Kleine Schmidt farm 5 miles east of 20th Street and Broadway on Oct 24.
The general trade shifts from specialties to better class industrials with a firmer undertone and money tightness easing. Buy on fair setbacks: U S Steel Baldwin Locomotive American Car Foundry Willis Overland White Motor Studebaker Sinclair Oil American Woolens Sugar Tobacco Leathers food stocks. Railroads firm. grain improving as cars arrive. dividends support Pacific Atlantic Great Northern Canadian Pacific Southern lines. Liberty bonds steady. invest now to take profits as discounts fade and issues rise to par. Industrials on the curb show activity with better prospects. Buy Caledonia and Hecla mining. Colden oil and BostonWyoming look stronger later.
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