Sharp drop in Wheat Prices on Market Selloff
Associated Press reports a heavy late-session selloff on the Chicago Board of Trade pushing wheat down 24 3 8 cents near term to 1.69 and longer term to 1.64 while corn and oats also ease. Declines followed brief intraday gains as traders covered losses and Canadian purchases to Europe were noted. Minnesota cash wheat prices show mixed bids from 1.63 to 1.79 with futures range near 1.58 to 1.61 for May. Flax and other grains cited with regional price levels and new figures for December and January contracts.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Board of Trade
Liverpool
Argentina
Australia
Europe
Minneapolis
The
Montana
Market Sees Gains Amid Profit Taking on Wall Street
New York stock market rose despite weekend profit taking with 1,787,600 shares traded. Rails led gains with Atlantic Coast Line and Louisville & Nashville hitting new year highs while major rails overall posted a record advance. Commodities were weaker with wheat slipping as Argentina crop hopes eased. Foreign exchange showed French francs dropping to 3.67 cents before closing rally.
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Associated Press
New York
Mellon
Congress
New York Federal Reserve Bank
Constructive
Dunn
Louisville & Nashville
Chesapeake & Ohio
Foundation Company
Atlantic
Gulf and West Indies
General American Tank
General Asphalt Preferred
International Business Machine
Kelsey Wheel
United States
Stewart-Warner
W. C. Durant
American Water Works
Consolidated Cigar
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Electric Power
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Ludlum Steel
Shubert
Westinghouse
Foreign exchange irregular in New York welcomes bid quotes
Foreign exchange quotes in New York on December 11 show irregular movement with demand for Great Britain at about 4.84 percent and related cents values noted. The report lists several currency bids and indications, reflecting a varied overseas market.
MENTIONED IN THIS ARTICLE
Associated L’ress
New York
Great Britain
Butter and Eggs and Sugar Prices Reported in Chicago and New York
Butter and eggs markets show lower creamery butter receipts and varied firsts and seconds prices in Chicago. Sugar prices in New York hold with no refined changes, trading irregular with several months futures listed. Potatoes in Chicago see steady market with steady demand for Round White and Russell varieties and prices in the $3.25 to $3.75 range.
MENTIONED IN THIS ARTICLE
The
Associated Press
Chicago
United States
Wisnsin
Minnesota
White
Idaho
Colorado
Russell
Balader Market Steel Moves Up in New York Session
In New York on December 11 the steel market led gains with stronger rail division activity and hopes of world prosperity aiding buying power. The Federal Reserve rate held at 3 percent and Mellon forecasts bolstered optimism, while a report urging rail mergers added support to carrier stocks. In Chicago wheat traded irregularly, recovering then sliding as late selling and short covering dominated a unsettled close. corn stayed firmer but eased, with demand for spot offerings active and eastern-connected houses among late sellers. Rye plummeted at the end, mirroring the market-wide pullback.
MENTIONED IN THIS ARTICLE
Logan & Bryan
New York
Rail Department
New York Federal Reserve
Mellon
I. C. GC
Chicago
Money market rates drift with varied demand figures
NEW YORK money rates remained steady with mixed overseas demand. Cables show Italy demand at 4.03 percent, Belgium 4.53 percent, Germany 23.80 percent, while Calil money sits at 5 percent for both high and low ruling. Time loans steady with collateral 60 to 90 days at 4 percent. Prime mercantile paper at 4 percent.
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Italy
Belgium
Germany
NEW York Money
Associated Press
New York
Prime Mercantile
Bar Silver Prices Across Markets
New York reports bar silver at 69 percent, Mexican dollars at 53 percent. London quotes bar silver at 31 and a half percent per ounce, with money at 3 percent.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
London
Metal Market—copper tin lead zinc steady in New York
METAL MARKET reports quiet copper with electrolytic spot and futures at 14 14.5 cents. Tin soft with spot 63.00c and nearby futures 62.25c. Iron and lead steady at unchanged prices. Zinc steady in East St Louis with spot 8.70–8.75c and futures 8.40–8.50c. Antimony at 21c spot.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
East St. Louis
London Metals prices on spot and futures in London
London metal market report dated December 11 lists spot and futures prices for copper tin lead and zinc. Standard copper spot 59 pounds 7 shillings 6 pence futures 60 pounds 7 shillings 6 pence. Electrolytic copper spot 65 pounds 10 shillings futures 65 pounds 15 shillings. Tin spot 283 pounds 12 shillings 6 pence futures 278 pounds 17 shillings 6 pence. Lead spot 34 pounds 5 shillings futures 34 pounds. Zinc spot 37 pounds 12 shillings 6 pence futures 37 pounds.
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London Metals
The
Associated Press
London
Chicago Livestock Prices Report Hogs Cattle and Sheep
Hogs receipts 43 000 active mostly 15 25c lower with packers buying bulk good and choice. 200 to 300-pound butchers 10.45 to 10.65. Cattle receipts 5 000 fat steers and stockers steady with uneven week decline. most fat steers 8.10, yearlings up to 13. stockers 6.50 to 8. shippers 13 13.50. Sheep receipts 9 000 fat lambs weak to 25c lower. fat sheep 0.25 to 0.50 lower. fat lambs 16.00 to 16.25, odd lots to city butchers 8.75 to 9.25.
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NEW York Stock Exchange
Logan & Bryan
Karen
Allied Chemical
Allis Chalmers
American Agricultural Chemical
American Sumatra Tobacco
American International Corporation
Atchison
Atlantic Gulf
Austin Nichols
Chesapeake & Onto
Chicago & Alton
Real Western
Chicago
Milwaukee & St. Paul
Chicago & East Illinois
Rock Island
Colorado
Crucible Steel
Erie
Ist
Robol Famous Players
Fiske Rubber Water
General Electric
General Motors
New
Goodrich
Hudson Motors
Inspiration
International Marines
International Nickel
Ima Locomotive Ee Eeee
Louisiana Olicesseeeese Seneres
Mid Continent
Missouri, Kansas
Texas
Issouri
Kansas
Issouri Pacific
Missouri Pacific
Nevada
New York Central
New Haven
Arquette
Associated Preas
Omaha cattle and hogs market results from December trade
Omaha reports 11 000 hogs and 1500 cattle on the sales today with slow demand and mixed price shifts. Hogs range mostly 15 to 25 cents lower with top $10 50 and bulk around $9 75 to $10 25. cattle show steady fed steers and yearlings with bulls weaker, cows and heifers moderate, veal top $9 50. sheep run steady with fat ewes $7 50 8 50 and lambs at $15 50 16 25.
MENTIONED IN THIS ARTICLE
The
Associated Press
Omaha
Cattle Market Report From St. Paul Receipts
ST PAUL Minn Dec 11 Cattle Receipts 1800 were moderately active with a firm tone across all killing classes. Sellers faced steady to firm bids as feeders and packers evaluated steady demand amid the day’s trading.
Market summary for feeder cattle hogs and sheep
Era markets report medium weight steers at nine dollars, bulk stockers and yearlings six to seven. Canners and cutters three to three eighty five. Hogs 17,500 receipts bid mostly lower, packing hogs and sows down, best pigs around twelve dollars. Sheep receipts 1509, undersold with lambs from fifteen to sixteen dollars, heavy lambs about thirteen, light lambs near nine to ten dollars.
Cattle and Hogs Steady in Spokane Market
Spokane AP reports cattle receipts 240, hogs 367, sheep none. Market steady with no change in quotations.
MENTIONED IN THIS ARTICLE
Spokane
The
Associated Press
Portland Cattle and Hogs Market Report
Portland report shows cattle receipts none and steady prices. Hog receipts 160 with mixed weights, butchers averaging 221 pounds at 12 dollars per head, feeder pigs around 12.50, some sows at 9. Sheep receipts 525 steady, 300 Mount Adams shorn lambs on contracts at 12.50 and 225 billed through.
MENTIONED IN THIS ARTICLE
Portland
The
Associated Press
Mount Adams
Denver Livestock Prices Report Dec. 11 1926
Denver market receipts for hogs calves and sheep edge lower with limited demand. Hogs two loads direct to big packers plus two loads traded at 10.45 to 10.65 per cwt, others unchanged. Cattle receipts 600 hog buyers quiet. Calves small showing few low grade cows 5.10 to 5.25, stock steers about 8 lower. Sheep 3,200 with fat ewes 8.75, lambs steady to 25 cents higher.
MENTIONED IN THIS ARTICLE
Denver
Romania top government vows no expense rise except salaries
Romania says it will not raise government expenses in the coming year apart from payroll costs for government employees. The plan aims to limit overall spending while ensuring pay for public workers.
MENTIONED IN THIS ARTICLE
Romania
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