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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Sep 10, 1916
Page
11
Chicago reports show a bearish wheat setback after the government crop release amid Balkans war uncertainty. Sept at 1.53, Dec 1.54 1/4, with corn and oats also lower. provisions swing 50c down to 20c up.细
Wheat and corn prices varied across Chicago St Louis Minneapolis and other hubs on Sept 10 with No 2 red wheat around 1.54 to 1.70 and No 2 yellow corn near 0.88 to 0.92 per bushel. Oats ranged from 0.46 to 0.48. Cash and futures notes show mixed demand and price shifts at Peoria New York Omaha Kansas City and Toledo markets.
Broad market strength persisted after government crop reports showed unfavor able conditions. Reading reached 112% and U S Steel climbed to 103% on strong industrials and shipping shares. Copper and zinc led gains while bonds were steady and money markets showed care with reserve declines.
Saturday September 9 clearings show 192,191 with same day last week 175,655 and year ago 149,891 totals for week ending September 9 reach 916,818. This week year total 791,514.
Kansas City and Omaha report steady livestock receipts with hogs around 10.25 to 11.05 per cwt and cattle mostly 6.25 to 11. Sheep values vary by class, while St. Louis and Chicago show mixed hog, cattle, and sheep quotes. Local market notes include hay grains milling products and various farm prices plus wagon hogs and poultry quotations.
New York reports steady creamery extras and various grade prices with creamery 33% and 34 cents for firsts and seconds. Elgin notes higher fifty tubs sold at 32 cents. Chicago Butter firm at 26 to 27 cents for firsts with receipts noted. potatoes and poultry prices and grades listed, including Jersey and Minnesota Ohio shipments and Kansas City poultry with hens at 15 to 16 cents.
Market report lists Clover mixed and timothy with multiple quality grades and prices from $3.50 to $15.50 per unit. Straw steady at $6 per ton for wheat or oats.
Farm products arrived in 26 loads with steady overall prices. Hog prices in the livestock market dropped a nickel while corn and oats moved at 87 and 60 cents per bushel respectively. Hay showed mixed values with bale and loose varieties selling from 9 to 19 dollars per ton.
Long Commission Co reports wheat opening lower on expected government crop 600,000,000 bushels or less and mid session rally fading as foreign buyers show caution. Corn and oats show bearish signals with cautious investment demand. prices mostly at or near inside figures. The piece ends with a quip about persuasion over cure.
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