UPTURN IN WHEAT PRICES OUTLOOK FOR DOMESTIC USE
Wheat rose to 1.87 per bushel for May in Chicago trading on prospects of only domestic demand for April through June. Profit taking trimmed gains, with May settling around 1.85 to 1.85 and July at 1.55. Reports noted drought in the Southwest and Nebraska and Argentina selling U.S. wheat, while exports were modest at 800,000 bushels.
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St. Louis
New York Stock Market Ends Mixed After Irregular Day
Active trading confined to professionals with total sales under one and a half million shares. Baldwin Locomotive led gains while United States Steel and several rail issues closed lower. New Haven moved to its best price since 1922. Call money at 3 percent, demand for funds up with firmer foreign exchange tone.
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New York
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New Haven
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United States
French
France
Fluctuating Trading Marks a Turbulent Session
A rugged market session shows volatility amid recovery efforts with gains in Baldwin United Cigars American Tobacco and Frisco common, while heavy buying supports tobacco shares tied to Duke and Durant interests. Mining activity includes new leases and options, with Iron Mountain and C R Mining developments noted, and grain and silver markets mixed on export demand and weather talk.
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Federal M. and 8
Iron Mountain
Mont
Glenn Anderson
Butte
Federal
M. and 8S. Company
Anderson
Hercules Mining Company
C. and R
Hercules
C. and R. Mning Company
Beaver
Cedar Creeks
Potato Market Strength in Chicago Trading
Chicago February 19 potato market shows moderate early morning trading with slight strength. Receipts total 74 shinmerts in the United States. Wisconsin sacked round whites 410 at 1.15. few fancy 1.20 to 1.30. bulk Russet rurale 1.35. Idaho sacked Russets mostly unavailable.
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Market notes show mixed loan rates and paper issues
Closing bids at 3 percent reference last loan and 3 percent calls on acceptances. Time loans remain steady with 60 to 90 day maturities at 3 percent and four to six months at 4 percent. Prime commercial paper quoted at 3 percent.
Foreign exchange rates steady in early New York trading
In New York on February 19 foreign exchange quotations were stable. Great Britain demand and cables quoted at 4 dollars 76 percent. 60 day bills on banks at 4 dollars 73 cents. France demand and cables at 5 dollars 23 cents. Italy demand and cables at 4 dollars 9 cents.
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Livestock Prices in Chicago and Omaha Hogs and Cattle Rise
Hogs receipts in Chicago at 43,000 with higher prices. top at 11.40. Cattle and hog prices mixed, weights 140–/emphasize various ranges. In Omaha, hogs 15,900. top 11.10. cattle receipts 3,000 with steers strong to 25c higher. lambs around 16.25 to 16.75.
Live cattle and sheep market report from Sioux City notes
Higher, canners steady, cutters and bulls stronger, calves steady with loads of 1 221 pound steers at $9. Best cows at $5.85, many others $5.75, heifers $7.25, fat bulls $3.90 4.50. Strong-weight canners $2.25, cutters $3.26, choice dealers $11, feeders $6.85 7.26. Sheep receipts 13 100, market slow, late arrivals, no early sales fat lambs, packers bidding unevenly lower. Sioux City Iowa February 19. Cattle receipts 1 600, market fairly active, killers strong, stockers steady, fat steers and yearlings $6.50 12, bulk $7.30 9, fat cows and heifers $4 9, canners and cutters $2.50 3.50, veals $5 10.50, bulls $4 5.25, feeders $6 8, stockers $5.50 7.50, stock yearlings and calves $4.50 7.25, feeding cows and heifers $3 5.
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Seattle Stock Yards Receipts and Prices Report
SEATTLE Wash Feb 17 Receipts include 300 cattle 1100 hogs market very active top hogs 12 35 prime hogs 160 to 200 pound average 123 to 12 25 choice steers 750 to 800 choice cows and heifers 575 to 675 Adv
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Seattle
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London Metals Prices and a Bus Cost Mistake
London metals listings show spot and futures prices for copper tin lead zinc and electrolytic. A half cent per mile error in London omnibuses would cost the company about 800000 dollars annually.
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