Wheat Averages Slip Amid Rain Forecasts and Berlin News
United States wheat prices eased today as showers loom over the grain belt while Berlin signals Dawes plan approval and European buying of U S wheat edges futures higher. Prices for No 3 red, No 2 hard wheat and oats fluctuated with Chicago and Minneapolis quotes showing modest gains and declines.
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Stock market slides as oil drive triggers broad declines
On June 6 at the New York Stock Exchange bears pressed prices after a mid continental crude price cut. Steel sugar rubber and specialty issues fell while 30 industrial stocks hit new lows for 1924. Rail and utility sectors retreated as pool operations appeared suspended and liquidation spread through equities.
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Dairy market report notes steady butter and egg prices
AP dispatch from Minneapolis and Chicago reports butter prices steady across regions with firm creamery values and varied firsts and storage pack rates. Cheese receipts show strong demand with whole milk flux and mixed run averages across markets.
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Associated Press
New York
Chicago
Sugar prices and futures steady with modest activity
Sugar prices show no change for refined at 30 6.40c with futures nominal. July to March futures quoted from 2.05¢ to 3.38c. Potatoes firm with mixed receipts and regional prices for round whites and Irish Cobblers. Bar silver at 41 4c, London silver around 35 1 4 per ounce.
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Associated Press
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The
London
Stocks Show Mixed Rail and Industrial Trends With Oil Moves
The weekly market note reports rails trending upward with strong investment buying while oils are weak and sugars slide on low prices. Industrials show little progress as short covering drives activity outside rail and utilities. motor stocks stay firm on dividend expectations though May production fell 19 percent from April. Missouri Pacific shines amid year to date gains and oil movement developments at Craig Dome evolve with Prairie Oil and Gas moving tanks and planning a Craig to Parco pipeline.
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Hogs and cattle receipts in Chicago show mixed day
U S Department of Agriculture reports hogs receipts at 20 000 with mixed goods as prices rise 5 to 10 cents for light weights and steady to strong demand. Cattle receipts around 4 000 with buying active yearlings and better fat cattle higher. top steers quoted near 10 60 with several loads. Sheep and lambs light trading. fat lambs weak to lower, good range springs around 16 75 to 16 00 for natives.
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U. S. Department of Agriculture
Chicago
Cattle Hogs and Sheep Receipts Mixed at South St Paul Market
Cattle receipts 1 800 with beef steers yearlings and fat stock steady to strong. Hogs receipts 9 500 with strong demand for good and choice hogs at 6 85 to 6 90 and lighter pigs around 5 75. Sheep receipts 100 with lambs steady and spring lambs about 15.00. heavy sheep around 3 50.
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U. S. Department of Agriculture
South ST. Paul
Market Totals for Hogs Cattle and Sheep in Denver
Denver market reports show hogs receipts 450 with steady early sales and 200 to 280 pound averages near 6.75 to 6.85 with top at 6.85. pigs scarce. Cattle receipts 800 with calves none. prices for medium cows 5.35, strictly good heifers 8.25, a few good steers 8.25 to 9.50. other classes scarce. Sheep receipts 1,250 with 86 pound lambs at 14.00 and 72 pound Idaho spring lambs at 15.00, with 35 out at 12.00, overall steady.
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U. S. Department of Agriculture
Denver
Idaho
Omaha Hogs Cattle and Sheep Prices Trend in Midweek Market
U S Department of Agriculture report from Omaha on June 6 shows hog receipts at 12 000 with prices mostly 5 cents higher for various weight classes. Cattle receipts total 1 050 with steer and yearling markets steady to strong and veal and stockers largely unchanged. Sheep receipts 5 000 with spring lambs rising about 25 cents and Idaho springers and natives priced around 16.00 to 16.25 and 15.75 respectively
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U.S. Department of Agriculture
Omaha
Heigher
Idaho
Market Report Portland Livestock Prices June 6
Cattle and calves nominally steady with no receipts. Hogs nominally steady with 190 contracts received. Sheep and lambs steady with receipts around 1 000.
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U. S. Department of Agriculture
Portland
Spokane market report steady cattle hogs and sheep
SPOKANE U. Dpartment of Agriculture report shows cattle receipts 13 with market steady, hogs receipts 80 with market steady, and sheep receipts 30 with market steady. June 6.
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Spokane
U. & Department of Agriculture
California Calves Top At Auction In Los Angeles
Cattle receipts at Los Angeles market on June 6 show all classes steady. California calves averaging 950 pounds bring about 6.00 per hundredweight with several odd lots in the common and medium grades selling from 4.75 to 5.50. No other classes represented in the report.
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Los Angeles
U. S. Department of Agriculture
California
Boston Wool Market Signals Dull Prices and Mild Hope
The Commercial Bulletin reports a very dull wool market with prices favoring buyers. West wool movements are moderate with a third of the clip sold. Texas fine wools stay steady while foreign markets ease. Mohair remains steady as Bradford and Germany trade slows.
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Foreign Exchange Irregular in Early June Markets
Foreign exchange rates as of June 6 show irregular quotations in cents for major currencies. Great Britain demand $4.31, cables $4.31% with 60 day bills at banks $4.28%. France demand 5.11% cables 5.11%, Italy demand 4.34% cables 4.34% with Belgium demand 4.39% cables 4.4%. Holland demand 37% Norway demand 13%.
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The
Associatedress
New York
Great Britain
France
Italy
Belgium
World Currency Demands Across Nations Show Varied Levels
A list detailing demand figures for multiple countries and regions including Sweden Denmark Switzerland Spain Greece Poland Czecho Slova kia Yugoslavia Austria Romania Argentina Brazil Tokyo and Montreal. Figures range from fractions of a percent to 40 percent with mixed units and inconsistent formatting.
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London metals price quotes grim in London market report
Standard copper spot at £62 with futures at £63. Electrosteel Y price for aluminium around £67 10s, tin about £216 17s 6d spot and £261 17s 6d futures. Lead spot £33 2s 6d, futures £36 2s 6d. Zinc spot £31 12s 6d, futures £31 12s 6d.
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The
Associated Press
London
New York Money Rates Steady Amid Easy Call Loans
New York money markets show easier call money with high and low at 2% and the ruling rate at 2% The last loan and call loans against acceptances read 2% as time loans ease from 3 to 4 ½ percent for 60 to 180 days Prime commercial paper stands at 4 4 percent as markets tilt toward liquidity.
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New York
The
Associated Press
Metal Market Brief Signals Mixed Metals Activity
New York metal market notes copper quiet and steady, tin firm at 42.50 dollars, iron unchanged, lead steady at 7.7 to 7.12 cents, zinc quiet in East St. Louis with spot and nearby at 5.85 cents, antimony quoted at 8.400.
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The
Associated Press
New York
East St. Louis
Light cruisers show defects in Japanese navy
Japanese naval authorities worry over new light cruisers built by domestic yards at two per year. Reports of defects are confirmed by experts. The Tama of 5,500 tons developed engine trouble during trials and the smaller Yubare showed similar defects days earlier.
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Tokio
Tama
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