Grain values dip on Chicago market amid uncertainty
Chicago market reports lower grain values as Germany's political crisis and Washington developments unsettle traders. Wheat futures slide despite a large drop in U S wheat visible supply, with forecasts for the 1982 domestic winter crop viewed as bearish. Cash grain across Chicago and Kansas City shows mixed declines in wheat and corn, while oats hold steady.
MENTIONED IN THIS ARTICLE
John P. Boughan
Associated Press
Chicago
Germany
Washington
United Sta
North America
Bears
Kansas
Txas
Cotton Breaks 10 Lowest Quotations Since 1898
New York reports cotton prices sinking to new season lows, July at 5.28 and October 5.48, closing around 5.23 to 5.49 amid broad liquidation. Poor reports on textiles, domestic and foreign, plus weak Washington news and nagging supplies weigh on futures. Liverpool and Manchester show unsettled activity as exports near 9,455 today. New Orleans spot quiet, late gains only modest.
MENTIONED IN THIS ARTICLE
New York
Germany
Washington
Liverpool
Manchester
U. S
New Orleans
Foreign
Washington News
Port Receipts
Galveston
Houston
May
Eosdeescsverees
Evevee
Svccssees B85
Deewee Tevecee
Eevee
Fort Worth Cash Grain Report May 81
Moderate demand for light offerings on the cash grain market. Quotations include Wheat No 1 ordinary hard milling 59 60, No 1 hard 13 percent protein 59 44 60 14 percent 60 14 61 14, 16 percent 62 44. Farley No 2 38 40, Sorghums No 2 yellow Milo 71 72 per 100 lbs. Corn No 2 mixed 89 44 90 40, No 2 white 40 40 14, No 2 yellow 48 48 14, Oats No 2 red 28 24.
MENTIONED IN THIS ARTICLE
May Dept Strasso
North Am
North Pac Ee
Ohio Oil
Otis
Pac G & Bereneee
Packard
Phelps Dodge Evees
Phillips Pet. Ss. Ee
Prair O & G
RKO
Reading Co. Eee
Rand
Associated Press
Ulen & Co
Amerada
Unit Corp
Util
Rel Westing Air
Anaconda
Westing E
Andes Gop
Willys O
AT & SF
Woolworth
Auburn Au
Aviat Corp
New York
Maracaibo
B&o
UN Am Superpow
Barnesdall
Beth Sui
Bo Bohn Alum
Ford Mot Ltd
Borden
Fox Theat
Briggs Mfr
Bly Gulf
Burr
Humble Olene
Midwest Util x
Cal Pack Aly
Oal & & Hee
St Regis
Cannon Mills
Lexon P
Stp & P Vt
Chick Is & P
Jno
F. Clark Brokerage Co
Col F & Ir
Juneau
Colum G & B
Allis Chalmers
Congo
Tobon
Aviation Corp
Borg Warner
Bklyn Man
Brunswick
Byers
Coty Il
Curtis Wright
Ches, Corp
Bkiyn Man Tr
du Pont de N
Brunswick Term
H “ AM Byers
Eastman Kod
Eaton Miz
Cater Tractors
Ay Chea Corp
Chi &É N
Col Carbon
Fox Film A . Nee My
Whee
Trust
Freeport Tex . Comelth Sthern
Concol Film New Ah
Son Davidson Chemse
G & Gam
Mills Weweee
el Auto Light
Gillette Acces
Eureka Vacuum
Field Marshall
Goodrich
Gra Paige
Sia
Gen Ry Signal
Goodrich T & R
Gt No Ry Pf
Gt West Sug
Graham Paige Yu Grigsby Gran
Grand Silver Co
Grand Union
Houston Oil
Sss
Lorillard Tob
Louisville G & 4
Johns Manville
McKesson Macy (Ra
Secsvecces
Nat Distillers
Ly Spx Woo
Ft Pathe Exchange
Kelsey
Ennecott Ae Tenenee
St. Jo Lead
Simmons Am
Kreug & Aaenee
Porto Ric
Fort Worth
Texas
Gulf Ports
Wall Street Briefs From May 41 on Steel Demand and Rail Saves
In May breezes, the American Metal Market notes steady steel demand as June and July should not dull it. If Congress posts a moderate record and adjourns, some stimulus is expected. Westinghouse employees campaign runs through June with May sales above 1 million dollars. A New York Cotton Exchange seat sold for 10 thousand dollars. The Panama Limited will be discontinued, saving Illinois Central Railroad about 500 thousand dollars yearly. L A Downs cites no near term traffic improvement.
MENTIONED IN THIS ARTICLE
Wall Street
New York
Congress
Money market rates and terms in New York treasury aids
New York money market reports steady call money at 2 percent all day. Time loans remain steady with 60 to 90 day periods at 1 1/2 percent and 4 to 6 months at 1 1/2 percent. Prime commercial paper quoted 2 to 3 percent. Bankers' acceptances unchanged with 80 day at 1 percent and 60 day at 1 percent.
MENTIONED IN THIS ARTICLE
NEW York Money
New York
Amarillo Market Quotations for Grains Poultry and Eggs
Local Amarillo markets publish price ranges for wheat oats barley and eggs plus poultry items. Rates cover 190 pound wheat shipments and various turkey capon chicken and hen categories with different size and weight specifications.
Spot cotton prices in Galveston steady with varied grades
Galveston spot cotton closed steady, down 25 points amid grade by grade quotes from low ordinary to strict middling. Prices listed: low ordinary 3.50, ordinary 8.85, good ordinary 4.20, strict good ordinary 4.65, low middling 4.90, strict low middling 5.15, middling 5.40, strict middling 5.65, remiddling 6.75, middling fair 6.00. Sales spots none, t ob 875. Dallas and Houston quotations noted with Galveston at 5.25.
MENTIONED IN THIS ARTICLE
New Orleans
Socsesese
Evesvesseceses
Associated Press
Galveston
Baltimore
Boston
Houston
Anne Eres
Corpus Christi
Memphis
Cocevee
Auguste Seccetenes
St. Louis
Fort Worth
Little Rock
Atlanta
Dallas
Evesorese
Montgomery
Seton
T.o.b
Cottonseed Oil Prices Close Mixed on May 31
In New York on May 31 bleachable cottonseed oil closed irregular down two points to up eight. Crude oil held firmer against recent lows with regional variations in price. Bleachable oil quoted at 330, 666, 269, 888, 890 cents for near and deferred months. sales 1,850 barrels. Dallas reports prime cottonseed unquoted. oil 244-254 cents. meal 16 dollars. hulls 5 dollars. linters average mill run 6.5 to 14 cents.
MENTIONED IN THIS ARTICLE
New York
Texas
Dallas
Tex
New York Sugar Steady as Cuban Shipments Mentioned
Raw sugar in New York held steady with Cubas from the store and from Cuba to the United Kingdom accounting for two reported contracts. Futures weakened late trading amid broader commodity ease with July at 60, Sept 66, Dec 78, Jan 74, Mar 79, May 84. Refined demand remained moderate with fine granulated at 3.75.
MENTIONED IN THIS ARTICLE
New York
Cuba
United Kingdom
New York Coffee Market Reflects Mixed Session
New York coffee rose on covering and Brazilian support, with late trading pressured by a mild stock market slump. No. 7 closed 6-10 higher and Santos gained 4-8. Prices for various futures and spot levels are listed with multiple delivery months and contracts.
MENTIONED IN THIS ARTICLE
New York
Santos
Rio
Wool market steadies amid limited trading in Boston
Boston May 31 reports a slight market improvement based on few deals. Domestic wools show resistance to lower prices as receipts at Boston during the week ending May 28 total about 1,995,000 pounds, compared with 648,900 pounds the prior week.
MENTIONED IN THIS ARTICLE
Boston Wool
Boston
Boston Grained Flour Exchange
General Selling All Stocks With Several New Lows
The market faced broad liquidation with declines across many high grade stocks and bonds. Key movers fell, led by American Telephone and Consolidated Gas, while curbs and utilities showed weakness and oil issues dropped, imposing a cautious session amid mixed signals from policy actions.
Market Briefs Signal Mixed Trading Across Commodities
In New York trading May shows weak stocks and heavy bond declines with utilities and rail sectorssoft. currencies ease as sterling weakens. Cotton drops on favorable weather and weak markets. sugar remains quiet. coffee rises on foreign buying. Chicago wheat falls while corn gains on rains and wheat weakness. cattle hold steady and hogs rise slightly with activity.
MENTIONED IN THIS ARTICLE
New York
Chicago
Steady Demand Seen Across Steers Yearlings and Receipts Rise
Kansas City market reports higher receipts on cattle hogs and sheep after Memorial Day closings. Fed steers and yearlings largely steady with some loads of higher grade. lambs and yearlings show gains while stockers trend steady to weak. Across Chicago and Fort Worth, cattle and hogs hold steady to firm with selective highs for light weights and milk fed calves.
St Joseph Livestock Market Report May 81
In St Joseph Missouri cattle run with 500 head and 100 calves, demand steady to active across classes. Early steer and long yearling prices 475 to 676 with most quality 476 to 600. top steers above 600. Hogs 1,000 head, activity steady. 160 to 270 lb hogs 200 to 800, heavier not fully tested. Sheep 2,500 head steady on lambs, yearlings up to 25. top native lambs 609, top clipped yearlings 500, bulk 4.75 to 5.00.
MENTIONED IN THIS ARTICLE
Kansas City Livestock
Kansas City
Ewes
Chicago
U. S. Dept
Fort Worth
ST. Joseph
Wichita
Kan
May
U.S.D.A
Oklahoma City
Denver
Colo
Wichita and Oklahoma City Livestock Markets Report Prices
Wichita cattle and hog prices mixed as calves and steers show variation across lots. Oklahoma City and Denver markets follow with cattle and hogs steady to higher, noting grain-finished yearlings and decent butcher stock, while Amarillo reports butcher cows at $2.59 for 160-220 pound stock.
MENTIONED IN THIS ARTICLE
Amarillo
Cudahy Packing Company
Chicago Produce Market Reports Mixed Prices and Steady Interest
In Chicago May market reports eggs and butter show unsettled receipts with mixed prices across classes. Poultry arrivals were light with no in stock, while potatoes moved on track with 1,168 shipments and several regional price points cited for russets and white varieties.
MENTIONED IN THIS ARTICLE
Chicago
Pready
Young Americas
Wisconsin
Idaho
Bond Market Briefs From New York May 31
Government bond listings show Liberty 8s trading near 100.8 with minor yields noted. Treasury 4s and 4s remain around 102.29 and 90.20, with B bonds quoted at 7.4 and 65.24 as part of the day’s market activity.
MENTIONED IN THIS ARTICLE
York
Liberty
Treasury
East Texas oil field probe overproduction and water encroachment
In Houston on May 31, witnesses for the Texas Railroad Commission described East Texas as a single hydrostatic pool where oil withdrawal must balance water influx to avoid reduced ultimate recovery. Producers testified proration wastes gas and production remains at 59 barrels daily, while Commission experts argued for hydraulic control to prevent field decline. The injunction suit, before judges Hutcheson Bryant Grubb, targets proration measures amid technical testimony from geologist T B McGahe and others.
MENTIONED IN THIS ARTICLE
Houston
Tex
U.P
East Texas
Texas Railroad Commission
Fred Upchurch
Commission
H. E. Hardwicke
Texas Oil and Gas Conservation Association
T. B. McGahe
Wichita Falls
Shackleford
David M. Lide
Grady Dynathon
G. W. Gibbs
Second oil showing reported near Conroe area
Houston dispatches report a second oil showing within ten days by Heep Oil Corporation at a wildcat six miles east of Conroe in a drill stem test. Meanwhile Stroke No 2 near Conroe continues testing and swabbing in preparation to bring in the well.
MENTIONED IN THIS ARTICLE
Houston
The
Chronicle Today
Conroe
Heep Oil Corporation
Foreign exchange rates in New York May 81
Foreign exchange rates listed for major currencies and regions in New York. Includes demand rates for Great Britain France Germany and others with a note that rates are nominal. Also cites Tokyo Bangkok Montreal Mexico City and silver peso figures.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Portugal
Greece
Poland
Onechoslovakia
Jugoslavia
Austria
Rumania
Argentina
Brazil
Tokyo
Bhanghsai
Montreal
Mexico City
Trade Trends Highlight Mixed Industrial Shifts
Cotton-Unions mill activity rises unexpectedly while world consumption of American cotton for the current season is projected to miss earlier estimates. Electric power shows stabilization after a long decline. Furniture reports a severe April drop with orders and employment down sharply. Pulp and Paper sees a modest first-quarter uptick, yet under 1931 levels. Wool receipts in Boston for the week total 1,995 pounds, year-to-date 29,471,600 versus 56,136,000 a year ago.
MENTIONED IN THIS ARTICLE
Associated Prees
New York Cotton Exchange Service
Ances
Seidman & Reidman
Boston
Petroleum Industry Outlook Better Except for Import
An outlook notes crude oil price rise likely before July 1 if producers maintain policy. Demand down 3.7 percent year over year, stocks off 7.4 percent but seven week period shows a net gain in crude stocks due to imports. Refinery activity varies with distress gasoline on market while large buyers absorb excess supply. East Texas field remains under control, general drilling up about 20 percent year to date, and proration deemed satisfactory. Overall, stocks drop faster than demand, new field discovery is nearly nil, and drilling remains orderly until prices rise further.
MENTIONED IN THIS ARTICLE
New York
Empire Gas & Fuel
American Gas & Electric
American Light & Traction
Commonwealth Edieon
Electric Bond & Share
Niagara Hudson
American Superpower
Singer Manufacturing
Low Insurance Company of North America
Cord Corporation
Ford
Canada
Swift & Co
Swift International
Standard of Indiana
Gulf
Texas
East Texas
East Texas oil field cuts well output to 54 barrels
The Texas Railroad Commission reduced allowed production per well from 59 to 54 barrels daily, effective tomorrow. East Texas fields produced 337000 barrels daily per the May 27 report, with a 326000 barrel daily field cap and a hearing scheduled for June 20 to determine new field orders. The July 1 field limit remains 25000 barrels daily. A May 27 report counted 5779 producing wells, with 20 completions daily, projecting about 6114 producers by June 15.
MENTIONED IN THIS ARTICLE
Austin
Texas
State Railroad Commission
East Texas
Veterans mobilize for Lone Star Bonus Expedition march
San Antonio leaders announce 300 veterans will join a Dallas march to Washington to demand immediate payment of the soldiers bonus. The delegation will leave at 6 AM Friday with 500 veterans from San Antonio gathering at city hall and traveling via Oklahoma and Texas to Dallas. Additional veterans from Austin, Waco, and Fort Worth expected to join en route.
MENTIONED IN THIS ARTICLE
San Antonio
Dallas
Washington
Congress
P. Viola
Viola
City Hall
Oklahoma
Texas
Austin
Waco
Fort Worth
El Paso Visitors Spend Weekend in Brownsville
Mrs. Joe Jared and son Skippy from El Paso spent the weekend with her mother Mrs. F. M. Burkett at 1605-B Polk Street. They were accompanied by Mr. and Mrs. D. E. Ballard.
MENTIONED IN THIS ARTICLE
EL Paso
Joe Jared
Skippy
F. M. Burkett
Polk Street
D. E. Ballard
Bottle Recovery Agency Aids Milk Industry
An English milk industry firm formed to recover lost stolen or strayed bottles and churns reports last year nearly 8 000 000 bottles found and the initiative saved substantial value for producers.
U S crude oil output slips in most fields last week
Production across major oil regions fell with Oklahoma leading declines. Texas California and East Texas also registered drops as industry executives at the American Petroleum Institute meeting viewed the trend as a bullish factor. Total U S output eased to about 2.168 million barrels daily, down from 2.219 million.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
U.P
United States
Ol Gas Journal
Oklahoma
Seminole
Texas
Barre
California
Rocky Mountain
Baste
Gulf
American Troleum Institute
Oklahoma City
Lathrop
Totel East Texan
Texan
Long Beath
Occas
Playa del Rey
Whitwood
Peneseente Kettleman Hills
Large gas well in central Texas proves big daily output
In Crockett County central Texas a Stanolind well tested at 18,000,000 cubic feet per day after a 45 minute test from 1,271 to 1,?73 feet. The well sits in section 47, block UV, on G C G P survey lines UV and WX. It may influence leases on hundreds of acres with leases expiring in June if no oil or gas product is found before drilling shifts. The deep wild target lies near Ordovician age rocks about Reagan County 30 miles north.
MENTIONED IN THIS ARTICLE
Ban Angelo
Stanolind Oi & Gas Company
Mid-Kansas Oil & Gas Compa Ny
Robert Massie
Noi
Crockett County
Tion 47
Block UV
G. C
G. PF. Co
Reagan Cou
Radio Network Listings and Emigration Note
A fragmented radio network schedule lists programs across NBC CBS WABC WEAN and more with multiple orchestras and talk shows. The text ends with an unclear note about emigration from Australia and a claim of a year breaking records.
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Chicago Cash Grain
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Westinghouse Electric & Manufacturing Co
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eNew
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Randolph Bryant
William I. Grubb
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