Wheat Prices Slide Amid Domestic Supplies Looming
Wheat averages fell as traders weighed an influential forecast that abundant supplies will limit a bull market. May and July futures slipped while oats held steady and Corn eased. Reports of higher U S visible supply contrasted with domestic West coast receipts, with wheat market dynamics subtly affected by French Ruhr developments and offshore crop expectations.
MENTIONED IN THIS ARTICLE
Associated
Prev
Chicago
Jan
United States
Ruhr Tras
France
Hughes
Montana soldier bonus bonds moves advance
The American Legion Montana executive committee discussed steps to implement the soldier bonus measure approved last November. They expect to finalize bond details, advertise bids for 4.5 million dollars in state bonds, and seek court tests to reassure investors about the bonds' security. The committee includes Loy J. Molumby, Tom Husha, BE Poor, and J J Davey.
MENTIONED IN THIS ARTICLE
Associated Press
Helena
Mont
Montana
Ls Jon
State Board of
Ex- Aminers
Loy J. Molumby
Great Falls
Tom Husha
BE. Y. Poor
Froid
J. J. Davey
Killer of Undertaker in Escape Attempt Shocks Muskogee
In Muskogee Oklahoma W M Ragsdale wealthy undertaker proprietor was shot dead while being moved to Sapulpa on murder charges connected to a policeman’s killing and four wounded last week. He escaped by leaping from a transfer car at Beggs before officers could reach him.
MENTIONED IN THIS ARTICLE
Associated Press
Muskogee
Okla
Jan
W. M
Ragsdale
Sapulpa
Beggs
Okmulgee County
New York Stock Exchange Holdings Slump Amid Weak French Bonds
Markets opened dull on a slim trading day with Paris and Berlin currencies dropping. French francs and Italian lira slide while Sterling holds near 84.64. Major stocks such as American Can and Studebaker show mixed moves as call money rises to 5 percent and commercial paper eases. cattle and hogs prices listed for multiple Midwest markets. Kansas City and Spokane reports show varied gains and losses across livestock sectors.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Jan
Francise
Ist
Baldwin
Hebhiehem F
Studebaker
Pan-American A
Colden
General Asphalt
American Can
Associated Dry Goods
Continental Corn Products
Crucible Steel
Eastman General American Tank Car
Savage Arms, Steel
Chesapeake & Ohio
Call Money
Livestock market reports from multiple Midwest cities
Livestock prices and receipts from Omaha South St Paul and Portland markets show hogs steady to lower with top around 8.40, cattle weak to lower, and sheep mixed. Reports list receipts of roughly 11 to 18 thousand hogs and 4 to 9 thousand cattle, with varied farm and packer demand and range prices across cities and markets.
MENTIONED IN THIS ARTICLE
Mandas City
Associated Press
States Department of Agriculture
Kansas City
Jan
Monty
Tome
Wales
Rio
Snmask
Spokane
Denver
Caerco
Ase
cHicaGo
San 'i
Wendy
Tse
Phason
Atecpouna
Seera
Howe
Wwckers
Piva Io
Ube
Lowes
Arly Top
Associated Preet
United States Department of Ages
Omaha
Neb
South ST. Paul
Portland
Traders Watch Foreign Affairs Influence Markets
Traders watched foreign affairs as week end reports on political tensions kept selling pressure. A rally recovered much ground with American Can and California Petroleum aiding the upswing while French political moves and copper purchases by Germany colored the tone. Mutual Oil and Merritt Oil talks hint consolidation in Big Muddy, and a proposal to submit reparations to a business leaders commission could lift securities, especially commodity producers in Central Europe.
MENTIONED IN THIS ARTICLE
Lausier-Wolcott Co
France
American Can
California Petroleum
Mutual Oil Company
Merritt’ Oil Corporation
Merritt’ Oil Corporation, Properties In the Big Muddy
Midwest Renning Company
Germany
Washington
State Department
Europe
New Low Price for German Mark Quoted at Cent per Hundred
German marks were quoted at a cent per hundred in New York markets on January 8, the lowest price ever reported. The decline followed reports that a threatened French occupation of the Ruhr area drove market weakness. Copper and tin prices held steady in metals trading, while foreign exchange quotes showed irregularities across major currencies.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Ruhr
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Chas. J.dean Renee Ee At
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Andrew J. Davis
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No. 4