Market Setback Pushes Wheat Prices Down Worldwide
Global grain and market news show a sharp wheat decline with U.S. supplies and foreign demand affecting prices. Heavy selling follows an open, with Chicago and Buenos Aires markets signaling a selloff as corn and oats supplies rise and cash demand weakens. In Minneapolis wheat values ease for No 1 northern and spring grades while butter and cheese trends vary in New York trading.
MENTIONED IN THIS ARTICLE
Europe
United States
Buenos Aires
Chicago Exchange
New York Stock Exchange closes amid heavy selling pressure
Prices fell broadly as investors dumped shares after a day of steep declines. Volume topped two and a quarter million, the largest since December 5, with many issues dropping several points and a number of bear moves triggering stop loss orders. Strong advocates for conservative traders cited renewed bearish activity and a shift in money rates, while highs in institutions like United States Steel and New York Central fluctuated amid a volatile session.
MENTIONED IN THIS ARTICLE
Ted Press
New York
Seerdoee
Ral Ofereate
Tesliahce
Promare
Aber
Ana Een
Sterling
Nei
American Can
Dupont
General Worthington
Sudium Steel
Newh Mot
United States Steel Common
ProMs
Ian Car and Foundry
T Jones
Electric
Radio Corporation
Universal Pipe
Solvents
General Asphalt
General
Stromberg
United States
Central
National Railways
Big Four Son
New York Central
Intermerica
NEW York Stock Exchange
Law F
Wolcott & Co
Heavy Trading Noted In Market In Feverish Turnover
By Lausler Wolcott & Co investors observed a feverish market pace with turnover beyond two million shares, irregularities amid a sweeping rally. Trading slowed briefly on recessions but buying surged again, lifting concerns for substantial dividends from States Steel and optimism for higher shareholder returns.
MENTIONED IN THIS ARTICLE
Lausler
Wolcott & Co
Hoon
Ted ‘States Steel Corporation
Tel
Bealdes
Steel_common
New York Central stock value and gasoline usage notes
New York Central predicted to reach 120 before May 1924 as directors claimed. The railroad’s asset value and surplus grew while dividends lagged, with a May 31 1924 balance sheet showing 17 cents per share asset value. Gasoline production for November rose to 763,046,475 gallons, a daily average of 28.1 percent higher than November last year, offset by a prior month decline.
MENTIONED IN THIS ARTICLE
Ball
New York Central
Iome
Radio Corporation
Tate
Bureau of Mites
Magma Copper to Increase Stock Authorization
Directors of Magma Copper Co authorized a 60 000 share increase to 410 000 total shares. Block holders will vote January 26 and may subscribe to the new stock at 36.50 per share. Metals market notes follow with copper and tin futures.
MENTIONED IN THIS ARTICLE
Atehizon
Alliestharmers
Sumatra
ustin-Nicholls
As ‘Choo Timers
Ohio
Veifie Alway
Cerro de Parco Bey
Rng
Ean
Milwaukee
Tg Oak Ie
Roel
Colorado
Tavinel Westie
Louie Faskvilie
Ima
Airanby
Montana Tower
Norfolk
Ui Pennaytra
Heady
Pierce Arrow Etiners
Haliwa
Benes Sears-Noebucl
Sinclair
Tromber
Texas
Staten Steel
Chen Leai
Reit Petroleum Fae
York
United Bta
Salen
Associated Press
New York
Magma Copper Company
Copper and metals market figures quoted with futures and spot prices
Ron firm led with Northern prices at 24.60 and 23.50 for No 1 and No 2 Northern, Southern at 20.60 and 21. Lead firm 16 10.50. Zinc steady East St Louis spot 7.86 cents, futures 7.80 and 7.82. Antimony spot 18 cents. London copper futures at 169 20 6d, electros futures L712. Bar silver at 32 5 164 per ounce. Money rate 2 1/2 percent.
MENTIONED IN THIS ARTICLE
Ron
Northern
Southern
East St. Louis
London
Hogs and cattle market receipts across major cities
Swestoge Chicago and Paul stand amid light hog receipts with slow demand and price drops. cattle and sheep also show mixed moves as buyers hold back. At Kansas City and Portland, sales slip in early trading with packers moderating bids and feeders steady to higher on select lots.
Cattle and hog prices cross markets report in 1900s style
Los Angeles and Denver market summaries show calves at various prices from 4.60 to 10.50, hogs at 8.50 to 9.50, lambs and sheep steady with yearlings and ewes priced around 6 to 16, receipts noted with weights and ranges, Spokane and other areas listing steers, stockers, and canners with mixed bids and heavy weighing lots. Report cites Hoge Receipts and multiple weight categories, with ranges across medium to prime classes and cull and common items.
MENTIONED IN THIS ARTICLE
Chicago
Associated Preas
Bortera
Denver
Associated Press
Denver Col
Spokane
Aspocitien Prete Spokae
Also Mentioned on This Page
Minneapolis
Associated Ps
Montana
Hennery
Irby
Hennery Browns
Obey
Gleeemai
Lausier, Wolentz & Co
Aercea
Caledonia
Jere
Copper Davis
Daiy
Jerome
Harmea
Boston Rtock Ser
Lauzier, West & Cop
Adventure Arizona
Bingham ‘Mines
Cal
Artoona Rt Bay Cal & Secta
Garson ‘Hii
Daly No
Franklin
Hancoe
Roya
Mason Waiawhaya
New Arcadian
New “Gorn
Dominin, Ag ‘Mary
South N
Apex Om Aw Fish Alsa Victoria
Amon Nor Fd Io Sider
Roston
Laualer
Wolesti & Co
Houghton
Oni Majestic Oneeo
Cntew
Spokane Tant
R. Wolen
Cop
Aix
Relmond Ag
Tan
Western Union
Magma Copper CO
Ushi Toric Jane Copper i Dan
Igetroitie
Apot
Lowa Mining
Lousi Wolcott & Co
Arto
Atco
I Mining
Ase
Hart
Proauet
the Eiberty Ath
Sassney-Sloval
Republic
Beeneh Republic Tiem
Kinegom
Isin
Norwa
Ie Railway
American
Ing Bs
Imerican
Limore & Ohio
Lauzier, Wolcott & CO
Spokas
Walla
Butte
Billings
Missoula
Sbers Chicago Board
Galt Lake
Kansas City
Portland
Portland, Ore
Metals Bank & Trust CO
Butte, Mont
Sears
Charles J. Kelly
Ee Pskil Mef Prr
Peas Rwecoten Mice
J. Burke
The
First National Bank OF
Botan
Los Angeles
Rattle Veten Rvkyants Co
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