Markets Rally as Wheat and Rye Jump on European Shortage
Wheat and rye surged with wheat up 2 to 3 cents and rye 2 1/2 cents as reports claim Europe faces depleted breadstuff supplies and backward crops. Corn rose with wheat while oats weakened. provisions fell despite later buyback support as Irish, Canadian and Australian weather fed bearish tones. Vessel charters for 347000 bushels of rye out of Chicago tighten local stocks amid Springfield political rumblings over grain futures regulation.
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New York and Chicago Market Briefs June 7 Prices Steady
Trading dull in New York sugar with refined at 6.16 to 6.20 cents and futures steady as buyers limit activity. Chicago reports light grain and potato movements with weak stock market, Irish cobblers and Bliss Triumphs priced around 61 to 76 dollars per cwt, poultry prices softer with various fowl and turkey rates noted.
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Stock Market Ends Leaning Mixed Amid Unsteady Trading
Wild trading dominated the session with volatile price moves and uneven gains. Major issues saw declines while others posted new peak prices. Chrysler Motors led gains, General Motors hit a new peak, and many stocks showed heavy activity amid widespread liquidity and shifting sentiment across commodities and currencies.
Market Comment and Grain Letter Summary
STOCKS mixed with gains for General Motors Western Union Western Maryland and Chrysler amid rising brokerage loans. Oil prices pressured by domestic production surge and Middle East war talk. Buick Studebaker declines noted. Grain report shows wheat correction then rally in rye and strong corn, with favorable weather yet smaller Southwest yields and uncertain Canadian acreage. Copper and tin prices listed for London and futures markets.
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Stock and Foreign Exchange Highlights From New York and Chicago
Foreign exchange quotations show mixed demand with Britain at $4.85 and France at 391. Cables note Italy at 5.51 with 5.52, Belgium 13.88, Germany 23.69. Chicago butter receipts 22,022 pounds with unchanged price and 26,749 cases processed. Duluth flax futures close July 22.85, September 24.38, October 22. BAR SILVER listed at 56. Mexican dollars at 4.
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Hogs and Cattle Prices Mixed Across Markets
Chicago and other markets report cattle and hog receipts with price shifts. Hogs mostly lower by 15 to 25 cents from Monday, bulk in 150 to 210 pound range. cattle steady to firm in some regions, bulls and fat cows mixed. Oregon, Washington, and Idaho posts show slow sales and narrow ranges, with top veal and lamb quotes noted and statewide USDA summaries.
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U. S. Department of Agriculture
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California
Paris Sewing Girls Seek Chairs For Work Comfort
Paris appraises workshop health with questions to seating. Paris sewing girls, laboring nine hours daily, face back strain from benches. Advocates argue stools let workers adjust position without leaving chairs, improving posture and reducing lung trouble claims.
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