Wheat Prices Jump on Eastern Buying and Bullish Crop Outlook
Wheat advanced amid buying by eastern houses and talk of upticks after earlier declines. Export sales reached 1,000,000 bushels, with No 2 hard winter at Galveston quoted 4c over September. Corn and oats rose as wheat strength supported futures. Cash quotes showed No 2 hard, 1.42. No 1 northern spring, 1.38–1.39. corn No 2 yellow, 1.00–1.04. oats 0.59–0.70. Minnesota bids echoed firm grain tones, with mixed nearby prices and July to September ranges.
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Market quotes and disease costs from New York June report
NYSE prices show No 1 Red Durum at 1.22 1.23 percent and corn No 3 yellow at 98 12. Oats No 3 white 63 64. Barley 86 96. Rye No 1 1.23 1.26. Flax No 1 2.30 2.35. Bar silver 59. Mexican dollars 45. Scarlet fever and other infectious diseases cost London 4.5 million last year.
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Market Rally Persists After Call Money Rate Cut
The New York stock market rose as the call money rate fell from 6 to 5 percent, aided by strong gains in Case Threshing and Adams Express while United States Tobacco and some preferred issues fell. Volume dropped below 3 million shares as brokers weighed whether the move signals a lasting rally or a short-term upswing. The New York Fed kept the rediscount rate unchanged and brokers’ loans fell by 135.5 million dollars to about 4.43 billion.
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Potatoes Prices Rise on Wholesale Market Report
Potatoes receipts total 175 cars on track with 1 278 cars shipped nationwide. New stock trading good for good stock while market slightly stronger. Bliss Triumphs mostly 1 40 to 1 65 with some higher in Texas. Irish Cobblers and Round White varieties show varied pricing across regions.
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Sugar market steadies as withdrawals dominate trading
New York sugar markets show continued withdrawals with light new buying. Prices stay at 4.05 to 6.10 cents for fine granulated. Futures close steady with approximate 99,800 tons traded: July 2.50, September 2.62, December 2.31, March 2.62, May 2.69 cents.
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Commodity stock quotations for metals in New York market
Copper firm electrolytic spot and future at 14c. Tin easy spot and future at 48.37 dollars. Lead steady spot prices at 6.30c in New York and 6.20c in East St. Louis. Zinc firm East St. Louis spot 6.12 to 6.15 cents, futures 6.15 to 6.17. Antimony at 9.75 cents.
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Call Money Rates and Market Lingo Snapshot
New York June 14 call money firmer with higher bid at 6 percent and low at 5 1/2 percent. Ruling rate 6. Closing bid 54 1/2 percent. Time loans firmer with mixed collateral 60 to 90 days at 5 1/2 percent and 4 to 6 months at 5 3/4 percent. Prime mercantile paper 4 1/2 to 4 3/4 percent bankers acceptances unchanged.
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London metal prices report June 14
Standard copper spot and future quoted at £64 and £69. Electrolytic copper spot £69 futures £69 5s. Tin spot £218 15s, futures £217. Lead spot £20 17s 6d, futures £21 5s. Zinc spot £25 12s 6d, futures £25 7s 6d.
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Chicago Dairy Market Summary From June Reports
Chicago rate book shows butter receipts at 18 900 tubs with skim extras 43c and 42 express firsts 41 42c. Eggs receipts total 20 470 cases with firsts 28 28 1 2c and storage packed extras 30c.
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Livestock Market Report from Midwest and Denver
Cattle receipts about 7 000 with steady to firm tone and yearlings selling up to 14.85 per hundredweight. hogs around 6 500 receipts with top bids near 9.60 for 190 to 275 pound loads. sheep receipts about 9 000 with lambs and yearlings mixed and ewes weaker. Reports from South St Paul Denver and Omaha show varied but generally steady demand across beef, hog, and sheep classes.
Cattle and hog market report from Portland
Portland June 14 port receipts include 140 calves, grass and range fed steers at 12 dollars, cows and heifers up to 10.50, fair to good yields. Hog receipts 175 with best light butchers around 11 dollars, overweights down to about 9.49, few sows at 8.50. Sheep receipts none with no early trading.
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Spokane Market Figures June 14 Cattle Hogs Sheep
Cattle receipts 112 steady. Hogs 404 fat pigs and skips 8.25 to 8.50, feeders and stockers underweight 8.25 to 8.50. Sheep receipts 32 unchanged.
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Cattle and Sheep Receipts Steady in Seattle Market
Seattle reports cattle receipts of 237 and sheep receipts of 257 with steady prices. Hog receipts were listed as no receipts. The market activity reflects a quiet session with consistent demand for cattle and sheep.
Hansen Packing Co hog price report
The Hansen Packing Co of Butte quotes hog prices: Choice and medium heavy at 9 dollars, extra heavy at 9.50, lights at 9 dollars, extra lights between 8 and 9 dollars.
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Western March Through Montana on Lewis and Clark Journey
In 1805 Lewis and Clark resume westward travel after winter near the Mandans. They navigate broad Missouri with sails, note beaver abundance, reach the Yellowstone mouth, cross falls, and face difficult passes. They meet Shoshone guides, reunite with Sacajawea, and traverse Lemhi, Bitterroot, Lolo, Cascade to the Snake and Columbia rivers with aid from Nez Perces and other tribes.
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Foreign exchange rates and firm quotations
Foreign exchanges in New York on June 14 show firm quotations in cents across major currencies. Great Britain demand 4.8713 to 4.8716, cables 4.883 to 4.88316, 60 day bills on banks 4.845 to 4.85. France demand 3.927 to 3.927s, cables 3.931, Italy demand 5.25 percent, cables 5.2644, Belgium demand 13.96, Germany demand 23.88c.
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Market Roundup From New York Stocks Rally on Mixed Trading
Market letter notes a forenoon call money rate easing and an afternoon recovery led by General Motors and steel shares. Oil stocks respond to a crude advance, Atlantic Refining features, copper rises early then pauses, and prices firm at export levels amid scattered selling.
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Grain Letter Signals Mixed Tone in Chicago Market
Chicago June 14 market held a mixed tone with firmer buying on favorable farm relief and strong wheat support. Export and shipping activity remained sizable with large Argentine shipments and steady northern demand, while corn and oats showed liquidation and price declines before a tentative recovery.
Poultry Prices Steady in Chicago Market
June 14 Chicago poultry report shows alive fowls steady with receipts 3212, springs at 38c, or 30c, broilers at 28 to 30c and 37c, spring ducks and geese at 26c.
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