Richmond Palladium (Daily), Volume 41, Number 296, 30 October 1916 — Page 9
PAGE NINE Last Minute Market Quotations, Comprehensive and Accurate and Easy to Read
THE RICHMOND PALLADIUM AND SUN-TELEGRAM, MONDAY, OCT. 30, 1916
WHEAT OPENS UNSETTLED; FOREIGN REPORTS BULLISH
CHICAGO, Oct. 80. Wheat opened unsettled today Cables were strong and foreign news bullish while world shipments were light and below requirements. As a result prices were U to cents higher. With Indications of light receipts corn was rather easy with prices to cent lower. Oats were stronger and to cents hlgehr. Provisions were slightly higher. The wheat market closed irregular and unsettled. While the nearby futures were to 1 cents higher, the deferred months were to cents lower. Considerable long wheat was sold during the last hour of the sess
ion and the market refused to absorb
these Increased offerings. It Is reported that the cash wheat market
was 8 to 10 cents below the high
limit.
Corn closed 1 to 2 cents lower
and oats were to cents lower.
Cash sales at Chicago, were wheat 25,000; corn, 15,000, and oats, 155,000
bushels. Hoc products were Irregular and unsettled.
May 90 91 88 88 OATS Dec 66 56 54 55 May 69 59 54 54
GRAIN
Chicago Futures WHEAT Open. High. Low. Close. Dec 190 192 187 190 May 187 188 184 187 CORN Dec 89 89 86 87
TAX RUSH KEEPS TREASURER BUSY TAKING IN CASH
Six per cent will be added to sll un paid taxes after next Monday, November 6. This morning the collections started with a rush. By noon a large waiting line had formed outside the treasurer's office. In this rush, tax payers could save themselves' and the treasurer's office force much time by taking their spring receipts with them when going to pay the fo'l installment, the receipt numbers being the same. Persons paying taxes on real estate that they have acquired since March 1, 1913, or on real estate they have on contract should know the legal description of the property and the name of the person from whom they acquired it as it will not appear in the name of the present owner. Office hours at the treasurer's office are 8 to 12 a. m. and 1 to 4:30 p. m. For the accommodation of those who cannot get to the office during the day. County Treasurer Chamness has decided to 'open the office from 7 to 9 o'clock Tuesday, Thursday and Monday evening. Tax collections Saturday were the largest for the year, the total amount being $34,132.16. SERVES FRIED FISH TO K, OF P. LODGE
"Hod" Dickinson will treat Coeur de Lion lodge, K. of P. to a flsh fry at the temple tomorrow night. In throwing the "feed" Dickinson is making a public demonstration of his ability as a fisherman for he claims that he caught the flsh in the Eel river, Miami county.
BRIEFS
NOTICE TO HUNTERS No hunting allowed on the farm of R. G. Leeds on the Straight Line Pike. Masquerade dance tomorrow night Eagles' Home. You don't have to unmask. Dance all night. NOTICE TO HUNTERS No hunting allowed on the farm of R. G. Leeds on the I Straight Line Pike. MOVED Millinery Store No. 5 So. 11th St. second door from Main. Lena Rohe.
Rheumatism Follows Exposure In the rain all day is generally followed by painful twinges of rheumatism or neuralgia. Sloan's Liniment will give you quick relief andprevent the twinges from becoming torture. It quickly penetrates without rubbing and soothes the sore and aching joints. For sore, stifT, exhausted muscles that ache and throb from overwork, Sloan's Liniment affords quick relief. Bruises, sprains, strains and other minor injuries to children are quickly soothed by Sloan's Liniment. Get a bottle today at your Druggist's, 25c. Adv.
NOTICE Wanted Information leading to who the, men or boys were who broke windows and destroyed my property on New Paris Pike. Will give $10 if they were boys and $25 if they were men. 30-lt I. A. GORMAN.
Toledo Grain TOLEDO, Oct., 80. Wheat: Cash, 191; May, $1.94. Cloverseed: Cash, $10.70; Dec, $10.80. Alslke: Cash, $10.40: Dec, $10.50. Timothy: Cash, $2.56; Dec, $2.55. Chicago Cash CHICAGO, Oct. 30. Wheat: No. 2 red, $1.85 1.88; No. 2 hard winter, $1.92. Corn: No. 2 white, $1.10; No. 2 yellow, $1.1001.11; No. 4 yellow, $1.01 g1.08. Oats: No. 2 white, 5555c; No. 3 white. 5364c; No. 4 white, 52 54c; Standard, 6465c. Cincinnati Grain " CINCINNATI. Oct. 30. Wheat: No. 2 red winter, $1.871.88. No. 3, $1.80 1.85. Sales 7 cars. Corn: No. 2 white, $1.0601.06; No. 2 yellow, $1.0601.06; Oats: No. 3 mixed, 54 54c.
to choice, $7.2509.40; pigs and lights, $6.5009.30; stags, $6.5008.50. Cattle Receipts, 3,100; market, steady; sters, $508.50; heifers, $4.50 7.00; cows, $3.500 6.00; calves, $4.00 0 $11.00. Sheep Receipts, 600; market, steady; lambs, $6.50 0 10.50.
PRODUCE
LIVE STOCK
Pittsburg PITTSBURGH, Oct. 30. Cattle supply, 1,100; market, Etrong; , ' prime steers, $8.7509.00; good steers, $8.00 60; tidy butchers, $7.75 0 8.00; fair, $6.7507.00; common, $506; cemmon to fat bulls, $4.5007.00; common to fat cows, $306.50; heifers, $5 0 7.76; fresh .cows and springers, $40085; veal calves, $11025. Sheep and Lamb supply, 1,500; prime wethers, $7.25050; good, $6.50 7.00; spring lambs, 7.00010.50. Hogs Receipts, 70 dd.; carket, active: twime heavy. $10.15020: medi
ums, $9.95010.00; heavy yorkers,
?9.7509.95; light yorkers, $9.35050; pigs, $9.00025; roughs, $9050;-stags, $7.5008.25; heavy mixed, $10.05 0 10. Chicago UNION STOCK YARDS, 111., Oct. 30. Hogs: Receipts, 64,000; market, 10c to 15c lower; mixed, $9.30010.25; neavies, $9.75010.25; roughs, $9,300 $9.65; lights, $9.30010.75; pigs, $6.40 08.50; bulk of sales, $9.65010.10. Cattle: Receipts, 27,000; market, steady to higher; beeves, $5.85011.65; cows and heifers, $3.5009.40; stackers and feeders, $5.2507.70; Texans, $6.75 08.50; calves, $9.50011.25. Sheep: Receipts, 35,000; market strong; natives, $4.0008.40; lambs, $7.75011.10. Indianapolis INDIANAPOLIS, Oce. 30. HogsReceipts, 8,000; market, 5 to 10c lower; best hogs, $10.50; heavies, $9.85 10.50; pigs, $7.0009.25; bulk of sales, $9.55 010.15. Cattle Receipts, 800; market, steady; choice heavy Gteers, $8,750 10.73; light steers, $6.2508.75; heifers $4.5008.00; cows, $5.0006.50; bulls, $4.5006.50; calves, $4010. Sheep and Lambs Receipts, 250; market, steady; prime sheep, $7.00; lambs, $6.0009.75. Indianapolis receipts Hogs, 8,000; cattle, 800; calves, 250; sheep, 250. Due to decline in other markets, hog prices were lower here early today despite a generally good demand. Most sales were 5c to 10c lower, with a few light hogs 25c lower. Prices ranged from $9.15 to $10.50. Cattle were steady and calves and sheep strong. Saturday's closing prices were
New York NEW YORK, Oct 30. Live poultry,
irregular; chickens, 18018c; fowls,
16019c Butter: Firmer; creamery firsts, 3335c; eggs, firm 3436c.
Chicago CHICAGO, Oct. 30. Butter: Re ceipts, 7,225 tubs; firsts, 3233c.
Eggs: Receipts, 3,375 cases; firsts,
3132c. Live poultry: Chickens, 1316c; springers, 16 c.
Potatoes: Receipts, 105 cars; Wis-
conslns, $1.6001.70. Cincinnati Produce CINCINNATI. O.. Oct. 30. Butter: Creamery whole milk extraa, 38c, centralised extra, 36c, do firsts, 32 c, do seconds, 29c; dairy fancy, 29c. Eggs: Prime firsts 35c, firsts, 34c, ordinary, 32c. Poultry: Broilers under 1 lbs., 19c, fryers over 1 lbs, 14c; roosters, 12c. Potatoes: Eastern Cobblers, $5,500 6.00 bbl.; home grown, $5.50 0 6.00. Lemons: California,- 3.50 0 5.00; Messina, 3.5004.50; limes 2.7503.00 box. Peaches: Ohio Solway-j, $1.5001.75; A-B, 7501.30.
Cincinnati CINCINNATI, Oct. 30. Hogs Receipts, 8,000; market, slow; packers and butchers, $9.75010.15; . Common
New York Exchange Closing Quotations American Can, 62. Anaconda, 94. American Locomotive, 81. American Beet Sugar, 102. American Smelter, 111. U. S. Steel, com., 117. U S. Steel, pfd., 121. Atchison, 107. St. Paul, 94. Great Northern, pfd., 118. Lehigh Valley, 83. N. Y. Central, 107. No. Pacific, 111. So. Pacific, 100. Union Pacific, 150. Pennsylvania, 58. Bethlehem Steel, 640.
RICHMOND MARKETS
Glen Miller Prices Hogs. Heavies, 225 to 250 lbs $9.50 Heavy yorkers, 160 to 180 lbs... $9.00 Light yorkers, 130 to 160 lbs.. ..$8.00 Medium, 180 to 225 lbs $9.25 Pigs $7.0008.00 Stags $4.5008.00 Cattle. ,., Butcher steers. 1.000 to 1.500 lbs $6.00 07.00 Butcher cows $5.00(36.00 Heifers ..,$6.0007.00 Bulls $4.5006.00 Calves. Choice veals $10.00 Heavies and lights $5.00 0 6.00 Sheep. Spring lambs $8.00
Wagon Market Timothy hay $13.00. Mixed $12.00. Clover hay $10.00. Alfalfa $15.00. Straw $7.00.
Coal Quotations (Corrected by Hackman & Kleboth.) Anthracite nut, $10.00; anthracite ttove or egg, $9.75; Pocohontas lump or egg, (shoveled) $7.00; Pocohontas nut, $6.00; Pocohontas mine run, $6.25; Pocohontas slack, $5.75; Jackson lump, $6.00; Tennessee lump, $6 ; Kentucky lump, $5.75; West Virginia lump, $5.50; Winifred washed pea, $5.25; Hocking Valley lump, $5.25 Indiana lump, $4.75; Coke all sizes, $8.00; nut and slack, $4.00. Indianapolis Representative Sales
s 70 56 34
HOGS
105 141 165 189
7.50 9.50 9.75 9.95
STEERS
870
680
1130 840 1055 , HEIFERS 520 732 730 875 600
COWS .. 920 847 960 1026 ...1430 BULLS 1040 1090 1040 1450 CALVES 220 390 152 140 146
4.75 6.00 7.50 7.75 8.75 $ 4.00 5.50 6.00 6.75 7.00 $ 3.50 4.00 5.00 5.75 7.00 i 5.50
5.75 - 5.75 6.15 $ 4.50 7.00 9.00 10.00 10.50
War and Speculation Drive Prices Higher
Produce (Corrected Dally by Edward Cooper) Old chickens, dressed, apying 200 25c, selling 30c; young chickens, paying 25c, selling 30c; country butter, paying 25030c, selling 35c, creamery butter, selling 40c; eggs, paying 30c, selling 85c; country lard, paying 14e, selling 20c; new potatoes, selling $2 bushel.
Feed Quotations (Corrected Daily by Omer Wfcelan) Paying Oats, 45c; old corn, 85c; new corn, 65c; rye, $1.10; clover seed, $8.00(71)9.00 a bushel; straw, $6 a ton. Selling Cotton seed meal, $42.00 a ton, $2.25 a cwt; middlings, $34.00 a ton, $1.75 a cwt; bran, $30.00 a ton, $1.60 a cwt.; salt, $1.60 a bbl. Quaker dairy seed, $28 a ton, $1.50 per cwt.
By HENRY CLEWS NEW YORK, October 30, Speculation and prices have touched levels undreamed of, and the impression grows that still higher altitudes are in prospect. Wheat, cotton, pig Iron, sugar, wool, chemicals, and nearly all commodities are on the upward path, war being almost the sole impetus. War's demands are absolutely Insatiable. Men, munitions and money must be had regardless of cost; waste is going on upon a vaster scale than ever, and supplies of all necessities are becoming more and more depleted. While such forces are at work, high prices ire inevitable, and no one can predict where they will end. Possibly, if not probably, they will continue advancing until consumption is checked or production Is increased. The only certainty is that as long as war lasts, no permanent decline can be anticipated. There are some who believe that the war will end as suddenly as it began; but a more reasonable view is that peace will come only as a result of exhaustion, something not yet in sight. Recent German successes in Roumania may tend to lengthen the war, because they stimulate German confidence and stiffen British stubbornness. Prepart for Spring Campaign Winter is rapidly approaching and active campaigning must soon cease. Both sides will, of course, make strenuous preparations for resumption next Spring, possibly developing more desperate fighting then than anything yet experienced. The only conclusion at present attainable is that the war will continue for some months to come.
and with it a further inflation of i
prices. Even with a truce, a full year might be required before a treaty Of peace could be completed and signed, during which period the great armies would be obliged to remain in readiness for a possible renewal of hostilities. Unfortunately weary months of strife and destruction are still ahead. In line with these expectations Great Britain has just arranged for another
loan of $300,000,000, making $800,000,000 to that country since the war began. This loan, the proceeds of which will undoubtedly be spent in the United States, seems to have been placed before the funds were strictly needed, with a view of checking the inordinate influx of gold and consequent injurious inflation. Since the war we have received $627,000,000 net in gold, chiefly on British account. This has been a powerful factor in creating easy money on this side and has had much to do with stimulating credit expansion. To some extent, the new Federal reserve system through its elasticity aided inflation. So, too, did the Increased value of stocks used as collateral. Bankers here fully realize the incipient danger of excessive expansion and are acting accordingly. Bank reserves have been materially reduced lately, the total excess reserves in New York a week ago being down to about $69,000,000, compared with $188,000,000 a year ago. New Loan Checks Cheap Money The hew British loan will Impose a temporary check upon cheap money,
but Great Britain wiir eventually be obliged to pay her bills In gold, securities, commodities or service of some kind. Her gold we do not want; her holdings of American securities are becoming much reduced, and war hitherto has checked her exports of manufactured products. In the latter respect, however, Britain Is making marvellous recovery, and today with only half the labor that was employed before the war the exports of the United Kingdom were almost equal to the volume of 1914. In September British exports were 43,000,000, an increase of 11,000,000 over last year, while imports were 77,000,000, an increase of 7,000,000. The nearer Great Britain comes to normalizing her foreign trade, the more easily will she finance the war. Meanwhile this country is steadily strengthening its financial position at home and abroad. Our banking power and prestige have enlarged enormously, while all of the belligerents have in these respects lost materially. Even the primacy of London is temporarily overshadowed, and Great Britain, which for generations has been the greatest trader, the greatest carrier and the greatest banker in the world, is obliged to see her pre-eminence in these spheres impaired. In time she will doubtless recover from her losses, and even exceed former standing in these respects, but the United States has made very substantial gains on these lines, and is practically sure of being a good second, with Great Britain's lead constantly diminishing to the United States. Market Shows Sensational Changes This market has shown further sensational advances in both commodities and securities. Wheat and cotton have both touched extraordinary levels, and though reactions occurred, the outlook for a continuation of high prices Is unchanged. The principal minerals show marked strength, and the Iron trade continues unchecked In its headlong prosperity. Steel shares continue making fabulous earnings. Shipping engaged in foreign trade Is doing likewise, and many an old vessel has lately sold for ten to fifteen times its original value. This country is building ships with feverish energy, and we might have established a very respectable merchant marine had our legislators understood the business they so successfully destroyed. Industrial and commercial activities are at high water mark. Bank clearings last week were about 40 per cent, larger than a year ago, when returns were breaking records. Railroad traffic is very heavy, earnings showing increases of fully 10 per cent, and over compared with a year ago. November dividend and interest
payments will exceed $154,000,000, which is about $10,000,000 ahead of the previous year. There is an active demand for all desirable investments and good bonds are readily absorbed. Attention is now being turned to desirable preferred stocks which have been somewhat neglected owing to the enormous earnings of leading industrials. Speculation in the latter continues upon a tremendous scale but prices are now so high that further advances usually bring out fresh realizations. Railroad shares have been more active on both investment and speculative account, and their better position which has already been set forth in these advices Is being gradually realized. At times the market is somewhat reactionary and in view of large commitments to the long side is sensitive to unfavorable news. The election thus far has been an almost' negligible factor, and will shortly be a matter of history. In about another week this issue will be settled and out of the way, leaving one important factor eliminated from the situation.
Attention
Hog Raisers We have for sale In any Quantity TANKAGE
for
FEED Hogs Thrive on It ANTON ST0LLE & SONS
Liberty Ave.
Phone 1315
FALSE PROSPERITY
Continued From Page One. be covered and the force with which he proposes to hammer home his points. No less than twenty-three speeches are scheduled for the last round of the presidential candidate. Mr. Hughes will speak the last word of his campaign Saturday, in New York. He is now heading for East Liverpool, O., where the invasion of Ohio begins. Speeches also are planned for today at Steubenville, Zanesville and Columbus.
E
EggemeyerV Special Grocery Mention
NEW BULK SOUR KRAUT NEW YELLOW CORN MEAL NEW MADE SWEET CIDER NEW EVAPORATED APRICOTS NEW SHELLBARK HICKORYNUTS NEW PACK SEEDED RAISINS NEW CROP NAVY BEANS NEW RALSTON'S WHEAT FOOD NEW CROP CRACKED HOMINY NEW CANDIED CHERRIES
NEW BUDDED ENGLISH WALNUTS NEW LAYER FIGS NEW CROP BLACK WALNUTS NEW CROP BLACK PRUNES NEW PACK STEAK SALMON NEW WHITE CORN MEAL NEW PACK DILL PICKLES NEW PACK MACKEREL NEW PACK APPLE BUTTER NEW CROP CHESTNUTS
Extra Special Wednesday
Fresh Caught Genuine
John KUl. Eggemeyer & Sons
401-403 Main Street
TWO STORES
1017-1019 Main Street
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And some quiet promise made to yourself, your wife or your children is going to be fulfilled. But more than that, it is going to be fulfilled in such a way as to mean lasting satisfaction. Choose a Starr Piano from the many designs offered at our store, and you have settled the Piano Question permanently.. So durably built is this instrument that you will never need another. And it will be one of those . worthwhile heirlooms in your children's home for years to come. Musically, the STARR is the most beautiful piano the world has ever known. Every detail of its construction suggests pains-taking care. You cannot find an instrument built with greater solidity, and it is the solidity that has so much to do with its lasting tone quality. Player Piano Buyers Are Sure to Come Here for this is RICHMOND Player Headquarters. Here you will find many styles and finishes from which to select. No other player-piano yet invented will enable you to produce such beautiful musical effects. It is the most artistic the most musicianly of player-pianos. If you have formed an opinion of player-pianos because your neighbor may have purchased unwisely one of the mechanical kind, you have done our instrument a great injustice. Give us but five minutes of your time on your next shopping trip and we will prove it. . ( v f In justice to your purse, in Justice to your music-loving friends, obey that impulse to at least see and hear the players we offer before making a purchase elsewhere.
Main and 10th Streets
STARR PIANO
COMPANY
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