Sudden Upturn in Wheat Prices Sparks Market Nervousness
A sharp rise in wheat prices led by investor buy mayhem and household flour demand, with gains in wheat futures from Chicago markets and improving crop reports. corn and oats followed upward while hog prices fell, signaling mixed but bullish grain sentiment. Minneapolis grain reports show No 1 northern wheat at 1.02 to 1.09 dollars and mixed grain prices across corn oats and barley.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Liverpool
Canadian
Seaboard
Europe
Minneapolis
The
New York Stock Market Gains Amid Broad Elevations
The New York Stock Exchange showed a firmer tone with active trading and diverse gains across sectors. Wheat, sugar, cotton, copper, crude rubber climbed while industrials and specialties led the advance. notable gains included Rock Island up 7 and Consolidated Cigar up 4 points, with modest changes elsewhere and call money steady at 5 percent.
MENTIONED IN THIS ARTICLE
Associated Press
New York
United States Steel
Consolidated Cigar
International Cement
Atlantic
Gulf and West Indies
Rock Island
Mathieson
Montana Power
National
Postum Cereal
United Drug
Utah
Fisher Body
Kresge
Public Buying 5 More Noticeable in Stock Market News
The Lauzier-Wolcott report notes larger turnover and stronger public participation in early trading. Optimism surrounds Baltimore and Ohio amid revived dividend talk, while oil shares face cautious sentiment. Charles M. Schwab predicts solid future business conditions. Independence Lead Mines reports a strong ore strike at 160 feet, with six feet of solid galena. Mutual Oil creates a new chairman position with Sidney H. Keoughan elected, Oscar H. Williams president, and James G. Stanley as VP. Rex Consolidated Mining schedules July 20 for a vote on reorganization into United Rex Mining with 2,000,000 shares authorized.
MENTIONED IN THIS ARTICLE
Lauzier-Wolcott
Baltimore & Ohio
Charles M. Schwab
Independence Lead Mines Company
Board of Mutual Oil Company
Sidney H. Keoughan
Oscar H. Wiliams
James G. Stanley
Rex Consolidated Mining Company
United Rex Mining Company
Butter and Eggs Prices in New York and Chicago
New York reports butter and cheese prices with varied grades and terms across creamery and Pacific coast lines. Chicago notes butter receipts at 12,494 pounds and eggs receipts 17,423 cases with prices for firsts and storage packs, down from previous levels.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Pacific Coast
Chicago
Sugar Prices In Refined Market Fall Quietly
In New York on July 18 refined sugar sales showed brokers finding few second hand offers. Direct with refiners reached $8.75 for fine granulated. Futures were nominal and prices drifted lower with September at $5.04 December $4.42 March $3.43 and May $3.49.
MENTIONED IN THIS ARTICLE
Associated Press
New York
London metal prices July 18 spot and futures listed
London Metal London reports bar silver prices with spot and futures for electrolytic arsenic lead zinc and zinc values. Spot and futures figures are given in pounds shillings and pence with rounded fractions as published.
MENTIONED IN THIS ARTICLE
London
The
Associated Press
New York Money Rates Report July 28
Call money firm with high 6 and low 6, ruling rate at 5 and closing bid at 5. Last loan 5. Call loans against acceptance 4. Time loans firm with mixed collateral 60-90 days 5 65% and 4-6 months 56 5. Prime commercial paper 6b.
MENTIONED IN THIS ARTICLE
NEW York Money
The
Associated Press
New York
Call Money
Silver prices slip in New York and London exchanges
Bar silver in New York on July 18 stood at 63 cents per ounce, Mexican dollars at 44 1/2 cents, while London quoted bar silver at 30 3/4 to 30 80% per ounce in early evening. The article notes uncertain exchange rates and minor fluctuations across markets.
MENTIONED IN THIS ARTICLE
New York
The
Associated Press
London
Washoe Sampler lowers ore processing rate to $6.50 per ton
Washoe sampler of the Anaconda Copper Mining company announces a reduction in treatment rate on gold and silver ores and first class copper ore containing 5 percent copper or over from seven fifty to six fifty per ton effective July 15, 1923. Hupp Motor Car company will begin production of a new model within 10 days, with current operations curtailed in departments as materials are prepared for the last of the old models. Full production will resume within two weeks, with about 1500 orders on hand and a slightly higher price for the new model.
MENTIONED IN THIS ARTICLE
Washoe Sampler
Anaconda Copper Mining Company
Hupp Motor Car Company
Hastings
National Horseshoe Pitchers Tournament Set for Cleveland
Several hundred entrants are expected for the National Horseshoe Pitchers’ tournament in Cleveland from August 30 to September 2. Local organizers say many state and county fairs will hold horseshoe contests to determine entrants. Harold Falor, a 15 year old Akron boy, will defend his world champion title.
MENTIONED IN THIS ARTICLE
Cleveland
Harold Falor
Akron
Ohio
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