Markets and Wheat Prices Slide on Heavy Selling
Markets report heavy selling drives sharp wheat price drops amid profit taking on May contracts. Indications of ample supply and futures shifting to July and September deliveries weighed on oats and corn. Duluth shipments and intermarket weakness amplified losses around the Board. Prices in Minneapolis and Chicago show broad declines with May futures down from about 1.42 to 1.62 dollars per bushel.
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Europe
Duluth
Buffalo
Board of Jo
Irregular Stock Market Movement With Grain Slump Shows Mixed Signals
New York April 15 stock action started with extreme price swings as rails tried higher levels while grain prices fell sharply. Nickel Plate merger news spurred some buying, and car loadings rose vs last week, with several rail and industrial issues gaining, though standard industrials fell and money rates eased. Foreign exchange showed sterling steady near 4.18, and a new cabinet formation in France hinted at political changes ahead.
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Associated Press
New York
Steel Reviews
Interstate Comm ‘Commission
New York Central
Baltimore and Ohio
Louisville
Nashville
Rock Island
Kansas City Southern
Missouri Pac
Katy
Jersey Central
Chicago Northwestern
Colorado
Southern
Maxwell B
Hudson
NEW York Stock Exchange
Lausier
Selling Causes Brief Setback In Laurier Group Shares
The market saw renewed selling pressure on Industrials after morning gains, with Steel leading a decline that tested lates and then retook high ground as investors reassessed steel sector prospects. General Motors strength suggested earlier dividend news had been absorbed, while motors and car stocks showed mixed moves amid overall cautious sentiment. Montana group plans a May 2 meeting in Great Falls to organize a state chapter of the Rocky Mountain Oil and Gas association, per E. B. Coolidge. Grain markets remained bullish on southern reports and May delivery, with exports slow and winter wheat prospects fair to cool with light frost forecast. Cash corn bas is Chicago declined slightly on wheat action, influencing overall grain chatter.
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Laurier
Wotcott & Co
Radio Corporation
General Motors
Montana O'S Men
Great Falls
Montana
Rocky Mountain‘ Ll ‘and Gas Association
E. B. Coolidge
Homestake Company
Shicago
Sioux City and Denver Livestock Market Results
Cattle receipts slow across Sioux City Denver and St Paul markets with steady to lower bids. Fat cows and yearlings mixed around 5.50 to 10.50, calves light, hogs around 12.30 to 12.55, lambs scarce with prices down about 26 cents, and sheep figures weak. Heavy movement noted in Hogs and Sheep sectors with varied weights under pressure.
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Sioux City
Associated Prew
Iowa
Dulis
Denver
Associated Pres
ST. Paul
South ST. Paul
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