Wheat Market Slumps On Margin Calls After Fort Dearborn Shock
Turbulent trading in Chicago wheat follows the Fort Dearborn bank absorption causing widespread margin calls. May wheat closes around 1.07 to 1.08, July near 98 cents, corn and oats mixed with some support. Provisions vary, overall weaker sentiment persists as the Wagner scare lingers.
MENTIONED IN THIS ARTICLE
Chicago
Fort Dearborn National Bank
Fort Dearborn
Fort der Born
Earnley
Board of Trade
Inter
Suly
Livestock Receipts Report From Major Markets
United States Bureau of Markets dispatches livestock receipts from South St. Paul Kansas City and Portland. Cattle top on best steers and heifers with higher quotes, 1100 receipts at South St. Paul. Kansas City reports 8000 head with 106 pound shorn wethers up slightly, Portland notes lighter demand with lambs around 48 to 50 per head and culls at 8.60. All regions show firm to higher price tone on select lines and varied packing grades across markets.
MENTIONED IN THIS ARTICLE
South ST. Paul
States Bureau of Markets
Ansas
United States Bureau of Markets
Associated Press
Anas City
Noston
Aaventure i
Ahmee al Oman
Aif
Inva
Eam
Garson Hin
Lia
Samaten
Mase
I Farsity
Michigan
Int Corp. U
Monawh
Robin
Bea
Matoney
Allis-chaimers
Piter
Orth
Butte Cornett
Old Dominion
Atchison
Superior
Boston
Mary Rt
South Tax
Brooklyn
Wyandotte
Winona O
Bohemia
Eamone Pia
Gen
Crown’ Copier
Houghton Ah Ag
Ae ‘Opper
Hothe
Colata Ab
Meade Ss
Merrine
Chicago
Southern
Armour
Inecott
Armour Denier
Springneia
Ierte
Eltcce
Satara
Montana
Oh Ag
Motors
Missouri Pac
Hotta Hupp Motors
Wt Pet
Oaty
Pennsylvania
Pittsburg Pierce-Arrow
Bears-Reed Taxi
Sim ' Anne Sicel
Eisel Springs
Itt International
Tron & i
Thompson Union Tron
Shemield
Idebaker
Roebuck
Boston & Wyo
Ion
Burke
Lehman Io
Texas
Pacis
Ae Omane Glenrock
Union Ll
Ik Kinney
Union
Mike Henry
United Atomit
United Frulie
U's
van Bisel Te
Ind
Alcondi Ie
Minneapolis
U.S
T Northern
Leah Coppaa
Es Western Union
Asa
New Year stock market opens with heavy liquidation
The first stock exchange session of the New Year featured extensive liquidation and heavy short selling. Sales neared 1,000,000 shares while oil prices fell further and railway tonnage declined. Despite general pressure, the money market remained steady with call loans at modest rates and bonds showing mixed but uneven reactions.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Stock Exchange
Teversol Tr
Ralse
Chicago
Ise
Western
Southwestern
Wrock Divi
Springfield ‘Tire
Oll
Feues
Sandard Ol
Pan-American
Eral Asphalt
Houston
Liberty Group
Market Cheer Of Short Duration
The Hellbronner Company notes the New Year’s market opening was strong but quickly fell as heavy selling in stocks, grain, and cotton overwhelmed buyers. It cites Fort Dearborn National Bank’s takeover as a possible trigger, sees an overdue market correction, and observes broad economic stabilization with fewer major failures and improved balance sheets amid wage and rate adjustments.
MENTIONED IN THIS ARTICLE
Hellbronner Company
Fort ‘Dearborn “National Bank
Europe
Market summary notes mixed signals after wage and price shifts
The report outlines declines in maintenance spending and wage adjustments, weak agricultural prices, and ongoing market strength in certain sectors. Bullish pool channels lift low priced rails and tobaccos while copper and sugar trade activity gains attention. Noted are Morgan firm stability after Hamilton's resignation and a record of 16,089 stock companies in New York last year amid 19,602 U.S. company failures in 1921.
MENTIONED IN THIS ARTICLE
William Pierson Hamilton
J. P. Morgan & Co
New York States
Dan
United States
Lead and Zinc Output Falls in 1921 U S Mines
Washington reports that 1921 lead production dropped about 20 percent and zinc output fell nearly 60 percent. Mississippi Valley soft lead yielded about 241000 short tons, western argentiferous lead 170000 tons, with Missouri district leading districts at 17500 tons. Zinc ore recoverable content stood around 250000 tons, far below 1919 and 1920 levels, and zinc ore imports plunged to about 2700 tons in 1921, mainly from Mexico.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Jan
United States
Geological Survey
Mississippi Valley
Missouri
Central States
Westrn
Mexico
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Soule
Acre
Tampa
Vearlingn
Portland
Alley
NEW York Stock Exchange
Rails
Liberty
Geo
Laberty
Laverty
Spokane
Alatka Br Co
Itoniaia Randelaria
Emerald
Cresson
Goldtela Florence
Gola
Mina
Knox
McNamara Mine
Mckinsey, Darra
Ophir
Bex
Fe Uni Northern
Oun Eesh Apeciata
Jan Syer
Seat
Saatene
Morthern
Perthern
Fronthern
St. Louis
The
First National Bank of
Dette
Miners Savings Bank and Trust Co
Metals Bank and Trust Co
Butte
Merly Daly Bank and Trust Co
General Banking
Clare J. Ross Clark
A. Clark & Bro
Tranend
General Banking Banogn
Alt Konstine
Denen
T Ty Sepontraat
Inst Bank
Eset Peete Tad Wat
Heilbronner Company
Brukees
Conoco
U. S. Navy
Plentywood
Columbus
Intermountain Region
Continental Oil Company
Denver