Daily Democrat and news. [volume] (Davenport, Iowa) 1859-1864, 1859-12-21
C. O NJ M E R1CIAL +.
Davenport Market.
WEEKLY REVIEW.
OFFICE DAILY DEMOCRAT AND N.ws,
Tuesdav Evening. Dec II 1870 (

OFFICE DAILY DExocRAr AND Nsws,l
Tuesday Evening, Dec. II, 1859. !
The week ending this, evening has been an
| eventful one for Davenport. The old adage .
good beginning makes good ending failed for
once to prove its truth. This day week ago bu-
siness matters looked bright and promised pros
porous season. In the produce circles business
was active and wheat, the staple product Of the
country, advancing under strong competition.
! On Friday last, things took strange and dcci-
pedly unexpected turn. With the morning mail
from Des Moines came the news Of . decision in
tho Cedar Valley Railroad suit, striking death
blow at the project An hour later in the day, at
the regular time for opening the banks, SEQ res of
anxious faces might have been seen gazing at a
mysterious looking piece Of manuscript on tho
closed doors Of the most extensive Banking House
in the city. announcing their suspension. Their
suspension involved many Of our best business
houses, and ere the shades Of night closed in on
that evcntful day in the history Of our city, the
heaviest produce buyer in our market was an
nouncea in difficulty"
| This news Of course affected the grain market
Wheat Immediately. declined from Sc to 75c
Farmers. to vulgar phrase, "loeked blue'
The news had been circulated throughout the
country the day previous that wheat was bringing
| 820sS S3c, and the rush to town on Friday was
strong and the receipts heavy. Corn, Oats and
Barley, however, were not affected mu;h, as the
market for these is ruled entirely by tho shippers
and SPECTATORS
0nelucky Circumstance, however, prevented the
sudden decline from being sustained. The firm
| who have the contract for one hundred thousand
bushels, willing to pay good price fer prime
article OF Spring Wheat, notwiths standing the ad
vantage the market allows them oe running down
the price. There are still many farmers in the
neig ghboring counties who find it conreaiens to
market their grain Immediately, no matter what
the price may be, from the fact that they obg
| cd to. And there are q few, but vory few who
can hold on to their wheat if they fcel so dispos-
cd. and think it will pay to do SO. But we say
bring in your grain Eighty cents bushcl
for clean, good wheat will pay we'll, and altogeth
or too we'll to allow you to Did it At home.
| BY tho retirement of the two largest milling
firms, the spectators ana shippers are taking ad-
vantage Of a privilege which the strong COMPETE
tion Of the previous week did not allow them. Yiz
| Of grading tho wheat. There has been three
grades Of Spring Wheat established by them No.
l wheat is prime, clean article of full weight
No. is one grade inferior, lighter in weight, ard
mi xed more or less with oats. No. is the poorest
class Of small grain. There is sometimes a diff
ference Of five cents bushel between No. and
| No. 8 wheat. For some time past farmers mark
citing their grain here have been offered no in
| duceme MT for cleaning it. An inferior load would
| bring as much within a cont u busaol ns the bos;
grain. Lately, however, this was rendered ne
,essity for those who must have wheat, on account
| of tho increased competition. We hope that tho
now plan Of grading tho grain will be carried OUT
as il will be better for both farmer aud purchaser.
The market this morning opened firm for No.
wheat at SOC, graduating downward according to
quality. Corn has been steady and quito firm all
tho week. At the opening this msrni1g there
was good feeling in the market and an excellent
speculative demand at 2o@3Oc for primo to choice
| mixed and yellow. Oats have been very quiet ibis
week, the rec sipts being quite light and but lit
tie demand existing. There was, however, a bet
ter demand this. morning and 2692oc was offered
In Barley the market has been steady and firm
| with no change from last week. The receipt have
dsmish ed considerably, but the demand for ship
ping was good
There has been but little doing in tho pork
trade yet, especially in packing. few hundred
head of dressed hogs have been received and ship
ped during the week, and the market has beer
rather weak. To-day there was . good demand
for fat hogs at S505 rs u cwt., for shipment to
Chicago.
Tho Flour market was steady and no change il
prices as yot, but the stopping of the two largest
mills will doubtless affect the market ere long
The shipme ents this week have been smaller thar
usual. The Hay matket has been quiet will
light receipts and moderate demand for hom'
consumption.
Hides have been coming in freely and are bough
| up readily by dealers for shipment. Minor arti
cles continue steady with but little change
A good retail business was dons in Dry Goods
Groceries and Fancy Goods owing to tn . near AZ
proach of the holidays.
Below We give the figures of receipts, shipment
and quotations for tho week ending this even
ing.
FLouR-Shipments 1900 lbs. The market re
mains unchanged and firm for good Spring Extr
atS4 25 wholesale and - so retail.
wHEAr.-Rcceipts 2O,42s hu; Shipments 800
bu. A strong competition at the opening OF tn
week kept the market excited and unsteady bu
i | yesterday and day better feeling was preva
lent and the market steady, closing at 500 e
) primo No, 1 77@7a> for No. 2 Common or NJ
Spring 75@76c.
3 CoRS.-Receipta 1850 bu Shipments $50 b,
Q There was strong competition between buye
this week and the market was somewhat fevcris
o and advanced 1880. To-day the market was fir
5 at 2S93Oc for prime to choice mixed and yellow
: medium gr ades s6@a7c.
OArs.-Receipts 9l0 bu. There was but lttl
doing this week in Oats, very few coming TO
Z ward. We quote the market quietat 26928c-
There was good demand TO- day 1t the latter fl
/ ure.
: BARLEY.-Receipts 1850 bu; Shipments %:
!: bu, Tho market has been steady during the wee
! and firm with good demand. To-day under vel
light receipts an advance Of 2@3c was made.
y quote at close firm at 44@47c.
. DRESSED Hoes. Receipts SS0head Shipmen
Q 500 head. The market during the begi nning
tho week was active and excited at an advance
g 75c = cwt, closing down, however, towards q
E, CLOSE. We quote to day at $5@5 Is for good 4
Hogs with good inquiry for shipment.
:, HIDEs-The receipts this week have been mo
!. erately heavy and good demand existed at 4
Is decline Of last week. We quote green at 4
green salted SO dry salted 9Gloo dry flint 1e
y 1910.
Q, Bgrr8R.-In good demand for home consum
is tion. We quote prime table ct 25c retail 60