Corn Market Fluctuations Tie-To Labor Troubles In Chicago
Violent corn market moves seen amid railroad labor strife in Chicago with May at 1.65 1/2 and July 1.60 as futures swing. Oats and provisions follow corn. talk of strikes and indictments spurs liquidation. Cash grain quotes list No 2 corn 1.65 to 1.70, No 2 yellow 1.69 1.70, oats 1.01, rye 1.08, barley 1.42 to 1.88, and seed prices. hogs lift provisions while butter eggs and poultry show mixed levels.
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Chicago
Northern
Low Money Rate Drives Early Market Rally in New York
Cheap money spurs bullish action in early trading led by Baldwin, General Motors, Republic and Crucible as metals and oils rise. Crucible hit a new high above 270 while United States Rubber Fisk Keystone Ajax and Lee Tire advance. rails are sluggish. Sterling opens at 3.95 and climbs to 4.03. vanadium and Realty rally. pattern suggests further gains with easy money.
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New York
Miami Copper
Baldwin
General Motors
Republic
Crucible
Stutz Motors
Chandler
United States Rubber
Fisk
Keystone
Ajax
Lee Tire
Columbia Graphophone
Republic Truck
Sterling Exchange
Sugar market held firm with minor uptick
New York on April 5 reports raw sugar strong and centrifugals at 14.79 cents, refined steady with slight gain to 1 cent. Fine granulated sugar at 14.16 cents.
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New York
Weather cuts size of Southwest Missouri fruit crops
JOPLIN Missouri April 5 Low temperatures from Sunday's blizzard will shrink the peach and apple crops in Southwest Missouri this year. Farm agent J H H Mote of Jasper county stated today.
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Joplin
Missouri
J. H. H. Mote
Jasper County
Livestock price report from Chicago market shows varied bids
The Chicago livestock market reports mixed bids for cattle and hogs on April 5. Prices range from 8 to 20.50 for cattle and 14 to 17.75 for calves and sheep, with receipts around 3 000 cattle and 500 ailing stockyards terms noted.
Spokane Livestock Market Reported Active Receipts Mix
Hogs Receipts strong demand with prime mixed at 14.00 to 15.50 per cwt and bulk 16.50 for stockers and feeders. Cattle receipts 770 with steady market. prime steers 11.00 to 11.75, good to choice 9.75 to 10.75, canners 3.50 to 5.75, calves 9.15, stockers and feeders 7.0 to 9.0. Sheep receipts none. prime lambs 16 to 17, yearlings 13 to 13.50, prime wethers 17, ewes 7 to 10.
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Chicago
Lambe
Choice Ewes
Spokane
New York Money Rates and Foreign Exchange Update
Mercantile exchange quotes show 1.2 percent, sterling 60-day bills at 4, 60-day commercial bills on banks at 4, and cables 4.04. Francs demand 14.47, Belgian francs 13.64, Guilders 38, Lire 20.47, and Marks 150 with cables 152. Time spans 60 90 days six months at 4. Call money ease at 6 7 percent, ruling 6 last loan 6, bank acceptances 6. Government and railroad bonds described as irregular.
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Ves Ae Lever
Copper and Iron Prices Reported Steady Across Market
In New York on April 5 copper electrolytic spot and second quarter trade at 19 19 in cents per pound. Iron prices hold steady with No 1 northern at 47 48, No 2 northern 45 46, No southern 42 43. Spot iron at 63.75 with April May contracts noted.
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New York
Northern
Southern
Liberty bond prices from New York on April 5
Liberty bonds were quoted with final prices: 31 4s at 96.64, 4s at 91.20, second 4s at 89.66, first 4s at 91.28, second 4s at 89.70, third 4s at 92.96, fourth 4s at 89.90, Victory 1s at 97.94, and Victory 4 58 at 97.86.
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New York
Liberty
Victory
House orders FTC probe into oil price rises
The House directed the Federal Trade Commission to begin immediate investigation of rising gasoline, fuel oil, and kerosene prices. A June report is required, plus an inquiry into potential combinations in restraint of trade among oil industry participants.
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Washington
Federal Trade Commission
House
House Orders Probe Into Cotton Yarn Price Rises
Washington April 5 The House ordered a federal trade commission investigation to find the causes of increased prices for combed cotton yarn over the past five years.
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Washington
Federal Trade Commission
House
Veterans Seek $2000 France Bonus for WWI Service
A delegation from six veterans groups in Ottawa presented Acting Premier Foster with a petition carrying 100,000 names. The plea requests a $2000 bonus for France service, $1500 for England, and $1000 for Canada for all who served.
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Ottawa
Associations of War Veterans
Foster
France
England
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New York Stock Exchange Opens Volatile Then Rises
Trading on April 5 closes with gains across many issues as market reacts to Franco German tensions. Demand bills to London rise to 406% and key stocks like General Motors Crucible Studebaker gain amid broader sector strength.
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Stock Exchange
New York
Tataenst
Tteals van
London
Railroad stock outlook hints at year-end capacity limits
Well-connected observers say major rail systems will only handle trunk line volume by year end due to credit and rolling stock constraints. Skepticism grows about a broad bull market this summer and fall amid presidential campaign disruption and persistent goods shortages. Foreign selling, especially by British interests, accompanies a readjustment tied to a looming Anglo French loan maturity.
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Heilbronner Company
Stock Exchange
Railroad market seen improving next week
Market circles forecast a good railroad market in the coming week with executives optimistic that the valuation plan will work out favorably. Efforts are directed toward improving transportation service and achieving more efficient operation.
Bulls Eye Steel Shares as Accumulation Grows
Evidence mounts of active bullish work in the steel group over the next 10 days. United States Steel is under accumulation while Bethlehem Steel sits ready to advance sharply. Some say Bethlehem stock is selling too low and out of line.
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United States Steel
Bethlehem Steel
Uncertain Money Market Signals Relief Ahead
After April disbursements, promises of easier money for next week emerge. Private advices say government shifting will bring relief while banking channels hint at a large gold import announcement. Market currents show rising complications.
Mullins Body stock forecast sparks market chatter
Active market channels report Mullins Body Corp has supposedly sold 1929 output and may double last year's production. Analysts estimate first quarter earnings at an annual rate above $10 per share, more than twice the current $4 dividend.
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Mullins Body Corporation
Copper Shares Backed For Buy From Analysts
Stocks of copper producing companies appear cheap for speculation and investment. The American Vanadium company Peru vian property is said to hold at least 20 years of ore. Vanadium prices rose recently and steel and auto demand promise large profits in 1920.
Sentiment turns bullish on U.S. industrials amid strong business
Investors skew bullish on industrials due to robust U.S. business activity yet exhibit cautious optimism. The note cites overall market strength while warning that conservatism remains a prudent stance.
Federal expenditures exceed receipts in nine months
Washington report notes government spending outpaces revenues by more than 200 million dollars in the first nine months of the fiscal year. Rep. Mondell warns that reliance on short term notes could trigger a pricey crash and urges actual debt reduction to sustain national credit.
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Washington
Representative Mondell
Wyoming
Mondell
Treasury
Placer mining to expand with $76,000 pump and miner housing
Spring plans for Clark's Fork include a $76,000 hydraulic pump and 30 houses for miners as placer mining grows. Detects a pay dirt source found at Hopkins' bridge near Pat O'Hara creek. Libby Montana hosts Treasure Mountain Mining company forming to develop Refuge Revolution and Index claims with Libby Spokane leadership.
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Clark's Fork
Hopkins’ Bridge
Pat O’hara Creek
Denver
Treasure Mountain Mining Company
Libby
Mont
Spokane
P. S. Rose
D. B. Heile
H. E. Brink
Arthur Lounsbury
J. W. Warner
Leonard McKay
Tintic coalitions plans to deepen mining operations
The Tintic Coalition Mines company led by Frank Thornburg plans deeper development of early Tintic district mining claims. Shafts range 10 to 150 feet as 14 unpatented claims face apex rights debates. Fossil fissures appear. outside capital aids development amid past gains and production slowdowns at Calumet and Arizona.
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Tintic District
Tintic Coalition Mines Company
Frank Thornburg
Salt Lake Tribune
The
Tintic Coalition Company
Apex
Outsole
Carmania Brings $10 Million Gold Shipment to New York
The steamship Carmania arrived in Halifax from Liverpool en route to New York with gold valued at $10,000,000 destined for the United States sub treasury in New York.
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Halifax
Nova Scotia
Carmania
Liverpool
New York
United States Sub-Treasury
Government Asked to Fund Railroads Winding Up
Washington April 5 Congress was asked to appropriate 420,727,341 dollars to wind up the railroad administration. Walker D Hines, railroad administrator, said the loss from federal control amounted to 900,478,756 dollars. The government is owed 986,803,366 dollars by the railroads advanced for operating expenses and betterments, with repayment anticipated.
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Washington
Congress
Railroad Administration
Walker D. Hines
Once Acquitted He Confesses Murder
Arthur H. Combes formerly of Antelope near Sacramento confessed to a Seattle clergyman that he killed in Sacramento county. He had been acquitted by a jury in 1914, according to District Attorney Stugh Bradford.
MENTIONED IN THIS ARTICLE
Sacramento
Cal
Arthur H. Combes
Antelope
Here
Seattle
Sacramento County
Stugh Bradford
Albers' Bid for Rehearing Denied by Appeals Court
In San Francisco on April 5 the U S circuit court of appeals denied Henry Albers a rehearing of his case. Albers, a Portland miller, was sentenced to 10 years in prison and a $10,000 fine for seditious utterances.
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San Francisco
Henry Albers
United States Circuit Court of Appeals
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