Market turmoil after wheat price surge and profit taking
Export demand pushed wheat and rye to season highs in Chicago trading on December 17 but a broad late sell off trimmed gains. Corn and oats fell while provisions varied, with government denials over a large grain position and reports of Russia buying rye through Finland influencing prices.
MENTIONED IN THIS ARTICLE
Chicago
Russia
Finland
Federal Government
Grain Future Administration Supervision Service
Chicago Board of Trade
Wall Street gains lift as rails lead market surge
New York stock prices climbed on record volume near two million shares with rail and industrial averages hitting multi year highs. Lehigh Valley Reading Baltimore & Ohio and other rail issues advanced while short coverings boosted American Woolen and Woolworth, and key industrials like American Locomotive and IBM posted gains amid fading rate concessions. Call money rested at 3 percent and foreign exchange moved within narrow bounds.
MENTIONED IN THIS ARTICLE
Associated Press
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Lehigh Valley
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Baltimore & Ohio
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Soo
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Baldwin
Htte
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Certainteed
Goodyear Tire Preferred
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Stewart-Warner
United States Distributing
Universal Pipe
Lima Locomotive
American Water Works
Iron Products
International Business Machine
National Biscuit
United States Industrial Alcohol
American Tobacco
Worthington
Market Rates Touch Global Silver Benchmarks
New York and London price reports show bar silver at 67% per ounce and Mexican dollars at 52.5% in New York. London quotes reflect bar silver around 18 8/8 pence per ounce with money at 3% per cent.
MENTIONED IN THIS ARTICLE
New York
London
Potatoes Market Report From Chicago Trades Slow
Potatoes trading very light and market dull in Chicago. Receipts reach 46 cars with total US shipments at 380. Minnesota and Wisconsin sack round whites see few sales at 85 6 95 per hundredweight, Idaho Russets scarce with prices from 1.15 to 1.90 per cwt.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
United States
Minnesota
Idaho
Sugar Prices Steady in New York Market
New York December 17 refined sugar retained quiet activity at 7.15 to 7.60 cents a pound for fine granulated. Refined futures remained nominal with little movement and limited trading interest.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Associated Press
Wall Street Bulls Lift Railroad and Steel Shares
Bullish activity drives sharp advances in Lehigh Valley Baltimore and Ohio Reading Southern Pacific New Haven and Union Pacific as steel reports boost confidence. Allis Chalmers up on GE strength with large GE holdings. American Steel Foundries bought for higher dividends. Northern Pacific and Baltimore and Ohio pay dividends. Wheat rye and oats hit new highs then retreat with profit taking. Grain outlook remains strong but a setback could aid technicals.
MENTIONED IN THIS ARTICLE
Lauziler
Wolcott & Co
Wall Street
Lehigh Valley
Baltimore & Ohio
Reading
Southern Pacific
New Haven
Unon Pacific
Delaware Lackawanna
Woolworth
New York Central
Pennsylvania
Colorado
Allis Chalmers
General Electric
American Steel Foundries
Chicago
Northern Pacific
Balimore & Ohio
Boston
Seneca Copper Corporation
New York
Livestock prices across Chicago Omaha and Denver market reports
The Associated Press reports hogs cattle and sheep receipts across Chicago Omaha and Denver with prices varying by weight and class. Hogs show mixed gains to 15c higher with heaviest weights near 10 dollars, cattle rise 25-30c. calves bulls and sheep show mixed movement as markets adjust to demand.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Hennery
Pacific Coast
Associated L’ress
Denver
Col
Cattle Hogs and Sheep Market Report from Portland
Cattle and calves sold none early with steady tone. hogs unchanged no receipts. sheep and lambs steady as receipts total 291. Market in Portland Oregon on December 17.
MENTIONED IN THIS ARTICLE
The
Associated Press
Portland
Ore
Feeder pig and sheep market report summarized
Receipts show several categories with varying demand. Packer hog prices range from 8 to 9 dollars for prime weights 200 to 275 pounds with bulk 160 to 190 pounds at 7.75 to 8.25. Sows bring 8 to 8.25, feeders 6 to 6.25. Sheep receipts 2,500 with slow activity, fat lamb bidding 25 to 50 cents lower. no early sales or decisive action on sheep.
MENTIONED IN THIS ARTICLE
ST. Paul
Associated Press
South 8St. Paul
Minn
Chicago
Prec
Omaha
Neb
Eix
Flax Prices Hit Close in Duluth Market
Duluth December 17 close shows flax traded with Deceiver at 2.97 and Vanuary and May contracts at 2.98 dollars. Market notes indicate small shifts in futures pricing during the session.
MENTIONED IN THIS ARTICLE
Duluth
The
Associated Press
Market Quotations From Seattle Union Stockyards
Receipts for December 16 and 17 show 215 cattle and 2577 hogs, with demand for hogs at top prices and prime rights. Hogs average 150 to 200 pounds around $9, while cattle remain steady with choice steers at about $8.50.
MENTIONED IN THIS ARTICLE
Seattle Union
Convict Piano Star to Leave Prison Amid Fan Donations
Harry M. Snodgrass known as the king of the ivories will depart Missouri state prison next month after radio fans sent about 1500 dollars. He will perform five more times on WOS before release on January 16 and plans to give all money to his wife and 2 year old son to help their hardships.
MENTIONED IN THIS ARTICLE
Associated’ress
Jefferson City
Harry M. Snodgrass
Missouri State
WOS
Snodgrass
Snow fighting gear built by railroad crews before winter
Preparation of snow plows, brooms and other equipment requires an army of railroad workers before winter weather disrupts traffic. The article highlights the scale of mobilization and the importance of timely maintenance to keep lines open.
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