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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Sep 16, 1919
Page
10
Chicago trading sees liquidation and a late fallish influence on corn while hogs rise briefly. Oats track corn as September and December futures edge higher. lard strengthens on Seaboard buying, pork and ribs weaken. Reports show weekly grain receipts and carload movements across Twin Cities and Duluth with Monday totals for wheat corn and oats.
Chicago Wheat prices range No 1 Ea 2.26 2.27 No 2 red 2.24 2.24 No 8 red 2.20 2.21 while corn mixed 1.34 1.39 and oats around 0.60s. St Louis reports steady wheat 2.21 2.22 and lower corn while Kansas City lists higher cash wheat 2.20 2.25 and mixed corn values. Peoria shows No 1 white corn 1.56 and No 1 yellow 1.24 1.36 with various mixed grades. New York market notes spot wheat 2.34 plus corn 1.50 1.54 and oats 0.78 0.81. Additional hay and grain prices across markets and feeds quoted by milling and supply houses.
New York stocks moved higher early on reports unions reconsidered a steel strike order but denials trimmed the advance. Bond and currency shifts also influenced sentiment as exchange rates to France and Italy slipped to new lows and time funds eased, while railroad earnings and steel production offered tempered optimism.
New York markets report butter firmer receipts 12 051 creamery prices higher than extras 63 Me 659, eggs irregular and rising, live poultry steady, butter and cheese prices mixed. Chicago reports butter higher, poultry steady to lower, potatoes weak with various regional price points. Sugar and coffee notes in New York market with refined steady and spot coffee prices. Cotton seed and linseed oil quotations provided for regional traders.
Hog prices opened the week twenty-five cents higher while corn and oats stayed weak. A load of oats sold for 70 cents per bushel with two more at 66 cents. A corn load went for 160 dollars and a hay load brought 28 dollars per ton. other markets remained quiet.
Daily Market Letter reports corn prices trading near spring lows with a modest recovery on a week of profit taking and slight demand uptick. Oats show weakness early then strength. export demand could lift values if it revives, while domestic conditions keep sustainable gains doubtful without broader export orders. Provisions trade weak at close amid scattered liquidation. U S Steel faces pressure on labor outlook. bonds and money markets show mixed signals.
Kansas City market reports hogs receipts around 10 000 with bulk at 16 25 to 17 15 and cattle receipts 20 000 to 21 000 featuring beef steers price ranges up to 17 50 and cows around 6 15 to 12 00. Chicago and East St Louis show firmer hogs with heavy to medium weights 16 50 to 18 25 and cattle mixed with beef steers 11 to 17 65, cows 6 00 to 13 50, plus lambs and sheep weaker in some runs.
Seed market figures from Toledo show Clover seed prime cash at 1918 1919 and 1917 1919. Values include October cash 80.40 December 29.40 January 29.60 March 29.50 and Alsike prime cash 26.25 October 25.40 December 25.65 March 26.25. Timothy prairie cash 1917 6.30 1918 5.80 cash 1919 5.50 September 5.50 December 8.55 March 5.70.
East St Louis report on horse and mule pricing with mixed lot details. Mentions horses for sale at 40 to 200 and 60 for good quality, plus mules 14 to 15 hands and 16 to 17 hands with price ranges around 150 to 190. Sourcing reflects auction style notation and fragmentary figures.
Corn after early selling recovered and closed with modest gains as strong buying absorbed shorts. Oats and rye rallied amid broad activity while provisions opened higher then eased on hog price shifts. Steel stock futures rose then paused after Gompers dispute as investors await Wednesday union meeting.
Upward activity appeared in the general list at week start as better buyers took hold. Industrials led gains with Baldwin Locomotive and steel up, coppers and motors advancing, rail firms firm, and Big Five packers plus Liberty bonds cited as strong holdings likely to rise.
New York on September 16 reports cotton futures with October at 29.06 cents, December 29.29, January 29.30, March 29.40, and May 29.47 cents, indicating a steady trading range amid light activity.
Spot cotton in New York is steady at middling 29.55 cents per pound. The Comptroller of the Currency calls all national banks to report their condition as of Friday, September 12.
New York Giants manager John Mc Graw conceded the National League pennant to Cincinnati. He said he would return and appoint Christy Mathewson as temporary manager. The Reds can clinch first by defeating the Giants today while New York holds second place.
Louis Cole of near Warsaw died by his own hand on Sunday morning after a period of poor health from influenza. His wife alerted neighbors who found his body in a water tank near the home. The event prompted mourning among locals who knew him as well respected and well liked.
Washington dispatch confirms that United States Consul Rebligger at Fiume and press reports agree on the occupation of the city by Gabriele D Annunzio and his forces in a development reported by the state department.
The consul reports a protest by Italian shop owners over the peace conference plan for Fiume with shops closed in response. He notes property damage was feared but none occurred when the dispatch was sent.
Washington dispatch states Great Britain has removed the ban on re exporting American cotton from her dominions. Reported by the American consul general in London.
At Hours from 9 a.m. to 12 noon one day only every 28 days, offering treatment for chronic diseases including stomach liver heart lungs rheumatism deafness catarrh leg ulcers nose throat children's diseases varicose veins and female rectal issues. Acute cases are not treated. Kidney and bladder trouble tested by a small urine sample. Glasses tested and fitted if needed.
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