Wheat market edges higher amid cautious trading
Chicago June 21 The wheat market showed a dull upward drift as harvest expectations tempered by crop outlooks kept prices unsettled at similar levels to yesterday. July futures hovered around 1.13 to 1.14 while corn and oats traded mixed with hogs and other grains, reflecting cautious sentiment on winter wheat prospects.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Idt
New York Rediscoun Rate Cut Prompts Market Moves
Foreign exchange markets in New York show weaker sterling demand with rates around 4.42 and 4.43 for bills, while other currencies including France Italy and Belgium register varied quotations. Butter and eggs markets report firmer creamery butter with extras at 36% to 36 1/2 cents, cheese steady, and poultry unsettled. Metal markets stay mixed with copper quiet at 18 1/4 to 18 1/2 cents and tin steady near 31.87, zinc quiet, lead at 5.75 to 5.8 cents, and antimony around 6.05 to 5.26.
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Associated Press
Chicago
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Northern
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Wall Street Pulse Driven by Speculative Favorites
Trading on the New York Stock Exchange reflected ongoing influence from speculative favorites led by Mexican Petroleum and Studebaker. Mexican Petroleum hit a year high of 179 before a sharp drop and partial rally to 175, while Studebaker fell about 6 points late, ending with a slight loss. Total volume reached 1,075,000 shares as gains in some independents were offset by broader weakness. Call money opened at 2 percent, with 3 percent late in the day amid treasury funding moves.
MENTIONED IN THIS ARTICLE
Mexican Petroleum
Studebaker
Associated Press
New York
Stock Exchange
Treasury
Market Wobble Reflects Short Interest Build
Mexican Petroleum led a mixed market rise with Studebaker Houston Oil and Great Northern preferred among gainers. Analysts see little broad improvement and expect further readjustment before widespread rallies. five Mexican oil figures met with Secretary de la Huerta to discuss oil lands and future collaboration.
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Mexican Petroleum
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Houston Oil
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Gulf States
Mexico
de la Huerta
W. C. Teagle
E. L. Doheny
Lf, Sinclair
B.C. Lutkin
J. W. van Dyke
Cattle and Hogs Prices Across Western Markets June 21
Chicago and other major markets report receipts around 12 000 cattle 16 500 hogs and 13 000 sheep with steady to higher bids for good fat cattle and hogs while light lambs and yearlings show mixed gains Idaho lambs top at 13 dollars in some markets and regional buyers adjust prices across Kansas City Denver Omaha St Paul Spokane Portland and Terre Haute reflecting regional demand and market tone.
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United States Bureau of Markets
Associated Press
Idaho
Kansas City
United States Bureau of Market
The
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Associated Pres
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Ore
Goats gland transplant pioneer heads for Mexico hospital
Dr John R Brinkley of Kansas, known for goat gland transplant experiments, has left London for Ensenada, Lower California, Mexico. He plans to establish a hospital there to continue human gland transplant projects, accompanied by a team of assistants.
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John R. Brinkiey
Kansas
Ensenad
Lower California
Mexico
Washington lawmaker recalls Lincoln tale at birthday event
A 42 year resident of the Masonic Home in Puyallup celebrated a birthday yesterday. He spoke of a past conversation he once had with Abraham Lincoln, recounting memories from that era.
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Washington State House of Representatives
Masonic
Puyallup
Abraham Lincoln
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