Wheat prices slump on Washington adjournment and hedging
Markets report a sharp late-day break in wheat, with July and September futures down while corn and oats also fall. Declines stem from expected farm policy delays, hedging by southwestern buyers, and weak factors in crop outlook. Provisions rise with hog values, and prices for related grains and seeds edge lower or hold firm in scattered reports from Chicago Minneapolis and New York.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Washington
Southwest
Winnipeg
Market ends mixed as congress adjourn vote triggers late rally
New York stocks drifted narrowly before a late rally spurred by House action to adjourn congress. Big names fluctuated with some gains while others hit year lows. Rail and utility shares showed strength as investors watched foreign exchanges and Morgan credit news.
MENTIONED IN THIS ARTICLE
Associated Press
New York
House of Representatives
Congress
Federal Reserve Board
Baldwin
American Can
Studebaker
American Woolen
American Locomotive
Colorado
Republic Steel
Atlantic Refining
Royal Dutch
Phillips Petroleum
Middle States
Pan-American
Superior
Sinclair
Norfolk and Southern
Pittsburg
West Virginia
Canadian Pacific
North American and
Public Service of
New Jersey
Butter and Eggs Market Receipts Report Across Regions
New York prices show unsettled butter with creamery and packaging grades varying from 38% to 41c. Egg receipts rise with fresh gathered and storage packed categories ranging 23c to 27c. Chicago notes similar butter levels with creamery extras at 38% and eggs around 23% to 25c per dozen. Cheese firm with large receipts at 17 to 25c per pound.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
Hennery
Mooneey
Pacific Coast
Chicago
Potatoes Trade Steady On Old Stock In Market News
Potatoes trading sale remains steady on old stock in Chicago and regional reads. Wisconsin prices show 1.60 for bulk sacks and quality variations noted. Alabama and Bliss Triumphs appear with listed prices around 2.26 to 3.00 per sack, reflecting Saturday’s market.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Wisconsin
Alabama
Bliss Triumphs
Otte
Market Contraction Shrinks Turnover Amid Conventions
Trading slowed after a triple holiday with aggregate turnover well below this year’s low. Investors await presidential convention outcomes while radicals’ filibuster fears keep congress adjournment in question. Steel output stays near 50 55 percent capacity as prices drift downward. American Woolen and Utah Copper declare quarterly dividends.
MENTIONED IN THIS ARTICLE
Lauzier-Wolcott & Co
Congress
Federal Reserve
Federal Reserve Board
United States
Hollywood
Famous Players
American Woolen
Utah Copper
Livestock Receipts Mixed as Hogs and Cattle Markets Wide
Hogs receipts 54 000 with uneven demand and steady to higher prices for some weights, big packers bidding down slightly on heavy offerings. Cattle receipts 19 000 with slow demand, few early sales steady to 15c lower, fed steers $8.25 to $10 in range, some heavies above $11.50, cows and vealers weaker, stockers present.
MENTIONED IN THIS ARTICLE
the Associates Press
U.S. Department of Agriculture
Chicago
Lamb Market Receipts Mixed With Steady to Weak Prices
Sheep receipts reach 16 000 with slow bidding. Choice spring lambs steady to weak, less desirable kinds lower. Clipped lambs about 25 cents lower. No early sales on sheep. Prospects 25 to 50 cents lower. A few good native spring lambs around 16 50 and choice range springers 17 25 with early sales clipped lambs.
Market Report for Cattle Hogs and Sheep in Portland and Omaha
U S Department of Agriculture reports slow cattle receipts in Portland with varied prices for steers cows and calves. Hogs receipts in Portland mix 6 75 to 7 85 per hundredweight with steady to higher bids. sheep and lambs show steady to weak trend with lambs at 7 50 to 11 and ewes 4 to 5 dollars. In Omaha hogs mostly 5c higher with top at 7 10. cattle very slow with limited gains 7 05 to 10 25 for beef steers and veal tops around 8.50. sheep and lambs active for spring varieties and weaker for other classes.
MENTIONED IN THIS ARTICLE
Omaha
Associated Press
U. S. Department of Agriculture
Cattle Hogs and Sheep Receipts Steady to Weak in South St Paul
ST PAUL June 2 U S Department of Agriculture reports cattle receipts 3000 with beef steers yearlings and fat stock mostly steady to weak and scarce straight loads. best yearlings around 10 and bulk steers 7.50 to 8.50. hog receipts 14500 near steady with good and choice hogs 6.90 to 6.95. calves 1500 steady to weak 7 to 7.50. sheep 100 steady with spring lambs at 16 and ewes 7.25.
MENTIONED IN THIS ARTICLE
ST. Paul
Associated Press
U. S. Department of Agriculture
South ST. Paul
Denver Market Report Hogs Cattle Sheep Record Prices
Hogs receipts 2000 mostly steady to higher with choice drive ins at 7.10. Heavies scarce at 7.25. Cattle receipts 2000 calves 150 heifers steady to strong with choice steers 7.00 to 7.25 and best cows 10.11. Sheep receipts 1900 fat lambs 15 with two loads at 14.75 and clipped at 13.25, prices down 25 cents.
MENTIONED IN THIS ARTICLE
Denver
Associated Press
Department of Agriculture
Cattle and Hogs Prices Reported at Kansas City and Spokane
Cattle receipts in Kansas City total 14 000 with calves 2 000 as buyers show slow sales and mixed price movements. Hogs receipts 5 000 with mostly 10 cent gains. top at 7.15. Sheep receipts 10 000 with lambs steady to 25 cents lower. Spokane reports cattle receipts 210 with prices for prime steers 7.25 to 7.50 and hogs at 7.25 to 7.40, stockers mixed. Foreign exchange rates in New York show irregular quotations across major countries.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
Great Britain
Metal markets steady with mixed gains and losses
New York copper and zinc hold steady with slight moves. tin sets at 41.00 dollars per 100 pounds, iron remains steady with No. 1 northern at 20.50 to 21.50, No. 2 northern 20.00 to 21.00, No. 2 southern 22.00, lead flat, antimony at 8.50 cents.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
Lauzier, Wolcott & Co
Atchison Seseeee
Enon
Allis-Chalmers
American Canater
American Car & Foundry
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Allied Chemicalem
New Ea Wenn
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American Eee Eee
American Eee Ee Eee
Enee Etree
American Smelting & Refining
Eeeees
American Su Ree
American International Corporation
American Sumatra
American Lins
American Telephone & Telegraph
Atlantic Gulf
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Nevada Copper
Pacife O
Es Sway Ccecccs
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Ray Consolidated Copper
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One
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United Fruit
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Virginia Themice
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CES. Corces
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Lauzier, Wolcott & & Co
Ask
Arro Oil & Refining
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Pattie
London
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Jardine
Butte & One
Oo Butte
West Side
Campbell
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St. O
KE. T . Williams
Laugier, Wolcott & & Co
Ask Caledonia Cal
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Cresson
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Ask American
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Douglas
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Tamarack
Western Union
West Hunter
Boston
Lauzier
Weise
Bohemia
Posten -Ely
Butte
Calaveras
Eagle F
Beli
Mohican
Northern
Southern
Bar Silver and Money Rates Trade Reports
BAR SILVER on YORK June 2 Bar silver Mexican dollars 51 1 2c London June 2 Bar silver 35 1 16 pence per ounce Money 1 1 2 per cent
MENTIONED IN THIS ARTICLE
The
Associated Press
York
London
London Metals Market Summary June Update
London metals report lists standard copper spot at £61 15s 8d and futures at £62 12s 6d, electrolytic copper spot £1167 with futures £67, lead spot £30 17s 6d and futures £28 15s, zinc spot £30 17s 6d and futures £31.
MENTIONED IN THIS ARTICLE
London Metals
The
Associated Press
London
New York Money Rates Steady Across Call and Time Loans
The market shows call money steady with a ruling rate of 3 percent and closing bids at 3 percent. Call loans against acceptances sit at 2 percent, time loans steady with mixed collateral for 60 to 90 days and 4 months, while prime commercial paper remains at 4 percent.
MENTIONED IN THIS ARTICLE
NEW York Money
The
Associated Press
New York
Sugar Prices Hold Steady On New York Market
In New York on June 2 refined sugar withdrawals against old orders were more liberal yet new business did not improve. Prices remained at 6.70 to 6.856 for fine granulated. Refined futures were nominal with about 18 000 tons sold. Futures closed steady with July at 8.63c September at 3.67c December at 8.43c March at 3.20c.
MENTIONED IN THIS ARTICLE
New York
Flour And Bran Prices In Minneapolis Market
Flour and bran figures show minimal changes in Minneapolis market notes dated June 2. Flour unchanged at six fifty a barrel, bran listed at seventeen dollars and some cents with scarce details on quantity or buyers.
MENTIONED IN THIS ARTICLE
Minneapolis
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