Markets Wheat Gains on Export Hopes as Greece France Inquire
Bulls led the wheat market with gains amid export inquiries from Greece and France. Near-term prices rose with March at 1.59 and May at 1.51, while corn and oats followed higher and provisions weakened on hog value declines. Cash premiums advanced in Gulf of Mexico and Minneapolis, traders noted foreign purchases in Argentina and a Russia trade note, amid a crop scare from green bugs in the Southwest.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Greece
France
Europe
Gulf of Mexico
Minneapolis
Winnipeg
Argentina
United States
Great Britain
Russia
Wheat Receipts And Prices Reported In Minneapolis
Wheat receipts totaled 246 cars versus 197 last year. Cash prices quoted No 1 north at 1 57 to 1 63 per bushel, March 1 45, May 1 45. Oats No 3 white 38 to 38 1 4 c. Barley 48 6 8 c. Rye No 2 1 38 to 1 39. Flax No 1 1 72 to 1 75. Flour steady to 25c higher. Family patents listed at 8 75 per barrel in 98 pound sacks. Shipments 48 888 barrels. Bran 23 dollars.
MENTIONED IN THIS ARTICLE
The
Associated Press
Minneapolis
North
Foreign exchange and money market updates
New York March 16. Prime mercantile paper at 7 percent. Exchange irregular. Sterling demand 3.89 percent, cables 3.90. Francs demand 6.95, cables 6.97. Lire demand 3.71, cables 3.73. Marks demand 1.59, cables 1.60. Greece demand 7.53. Argentine demand 34.12. Brazilian demand 14.37. Montreal 12 percent discount. Time loans steady 60 90 days and 6 months at 64.7 percent. Call money easier. high rate 7 percent, low/closing bid 6 percent, offered 7 percent, last loan 6 percent.
MENTIONED IN THIS ARTICLE
New York
Greece
Montreal
Market report on metals shows varied copper and tin trends
In New York on March 16 copper prices are around 12 1/2 to 12 3/4 cents for spot and March terms with second quarter at 12 1/3 to 12 1/2 cents. Tin remains soft with spot near 27.75 to 28. Futures quoted 28.50 to 28.75. Zinc holds at about 4.75 to 4.87 cents with East St. Louis delivery. Antimony steady at 5.80 cents spot.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
East St. Louis
Gossip From the Brokers at Hellbronner Market Review
Traders reacted to the Great Britain Russia trade pact amid bullish talk while shorts covered. Call money dipped to 5 percent on the outside market as stocks rose though news of copper output curtailment loomed. Studebaker rose on Durant buying chatter. earnings for American Smelting and Refining and Studebaker showed gains with 1920 and 1919 comparisons.
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Hellbronner Market Review
Great Britain
United States Common
The
Stock Exchange
Chicago Board of Trade
New York News
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Studebaker
Durant
Treasury
International Harvester
Lauzier-Wolcott Mining and Statistical Department
Studebaker Corporation
American International Corporation
Stock market gains on steady New York session
New York March 16 The stock market showed strength and breadth with many popular issues up 1 to 4 points as tax payments pass quietly and money conditions improve. Call money opened at 7 percent, eased to 6, and premiums on hard-to-borrow issues rose as shorts covered.
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New York
Shorts
Atlantic Gulf
Albany
Copper output dips at North Butte as February lowers total
February output at North Butte falls to 433 951 pounds from January 445 290 and December 485 686, marking the lowest in years. Cerro De Pasco’s Crays smelter project in Peru, 9 million dollars, aims for summer 1922 completion amid costly production, but cash and liquidity from an eight million dollar bond issue and copper export notes help stability. Ruby geld mines rumor resurfaces for April opening in Zortman, Montana as U S silver mine production data through 1920 shows 661,881,000 ounces mined nationwide with 33,000,000 ounces bought by the treasury under the Pittman act.
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North Butte
Cerro de Pasco Copper Company
Crays
Peru
New York Dispatch
Cerro
American Metal Company
Copper Export Association
United States
United States Treasury Department
Conan Doyle wrote 55000 words without leaving his esk
A playful note claims Sir A Conan Doyle produced a lengthy tale of around 55000 words without stepping away from his esk, illustrating a fanciful image of the author’s dedication or a humorous myth.
MENTIONED IN THIS ARTICLE
A. Conan Doyle
Chamber debates on London reparations talks prompt urgent discussion
Paris reports the chamber of deputies ordered immediate discussion of interpellation on the recent reparations negotiations in London. The house rejected Premier Briand's proposal to postpone the debate until better attendance.
MENTIONED IN THIS ARTICLE
Associated Press
Paris
Chamber of Deputies
London
Briand
Wilsons Leave Cards at White House Entrance
Mr and Mrs Woodrow Wilson during a motor trip today drove to the White House entrance and handed cards to the usher for the president and Mrs Harding. The president had just departed for the golf links.
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Washington
Woodrow Wilson
White House
Harding
Livestock Market Report From Chicago March 16
Cattle receipts 9000 market slow beef steers weak to 25c lower bulk 8.75 to 9.75 butcher cows and heifers steady to weak sales largely 6 to 7.75 cann ers and cutters mostly 3 to 4.50 bulls steady bulk 5.25 to 6.25 calves unevenly lower bulk dealers 10.50 to 11.50 early sales stockers and feeders about steady undertone weak. Hogs receipts 23000 largely 35c to 50c lower than yesterday's average spots off more on heavies lights active mediums fairly active heavies slow top 10.65 bulk 200 pounds down 10.25 to 10.60 bulk 220 pounds up 9.10 to 9.75 pigs steady bulk desirable 80 to 120 pound weight 31.0 av. Sheep receipts 19000 light and handy lambs steady good light lambs sold at 10.25 bulk 85 pounds down 9.50 to 10.25 heavy lambs dull tending lower choice 95-pound lambs late yesterday 9 good and choice strong weight medium owes around 6 feeder lambs steady
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The
Associated Press
Chicago
United States Bureau of Markets
ST. Paul
Omaha
Cattle and Sheep Market Report From St Paul March 16
United States Bureau of Markets reports cattle receipts at 7 500 with slow to weak demand and prices mostly 25c lower. top beef steers up to 9 9 and calves to 10. hog receipts 17 500, market fairly. natives 50 to 75 lower with bids around 9 to 9 75. pork and light hogs lower. sheep receipts 1 200, market steady to weak with lambs 9 to 9.50 and ewes 5.25 to 5.75.
Marketing Wool Crop Big Problem
Bozeman Mont March 16 The marketing of the 1921 clip is the great problem confronting Montana woolgrowers says Prof C N Arnett head of animal husbandry at Montana state college and secretary of the Montana Woolgrowers association A general meeting will be held in Helena March 19 to discuss four key questions: shearing wages warehousing and selling the 1921 clip legislation affecting growers and expanding Montana wool outlets The meeting opens at 9 am in the Helena Chamber of Commerce rooms Arnett notes past lack of coop among sheep and wool growers and that the coming year may be improved through cooperation and cost reductions The primary issue remains marketing amid stagnant markets frozen credits and foreign competition with lower freight costs and exchange rates Speculators are not expected this year Mills will buy only with an outlet for manufactured goods Growers must carry wool until a buyer is found
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Bozeman
Mont
Montana
C. N. Arnett
Montana State College
Montana Woolgrowers’ Association
Helena
Arnett
Army Accepts Five Types Of Planes For Tryouts
Washington March 16 In the first open airplane design competition by the navy department five designs for a new naval plane have been accepted on preliminary examination from 40 designs submitted by 30 corporations and individuals. The five accepted designs including Curtis Aircraft Mortor corporation and Dayton Wright will be tested by experts to determine the top four. Ownership and use will be purchased by the department with payments ranging from 16000 for the best to 3000 for the fourth rating.
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Associated Press
Washington
Navy Department
Department
Curtis Airplane and Mortor Corporation
Dayton-Wright Airplane Company
Hogs and cattle prices slide at Omaha market
Omaha reports Hogs Receipts 14,000 with prices 50 to 75 cents lower for bulk medium and light butchers. Gattis Receipts 8,500 slow market with beef steers and butcher cattle down to 25 cents. Sheep Receipts 7,500 lambs steady to 25 cents lower, bulk around 9.75, ewes top $5.85.
Market Receipts Steady in Spokane Hogs Cattle Sheep
Spokane market reports on March 16 shows hog receipts at 136 with steady market and unchanged quotations, cattle receipts 159 with steady market and unchanged quotations, and sheep receipts 1 with a steady market.
MENTIONED IN THIS ARTICLE
The
Associated Press
Spokane
Silver Prices Across Markets Reported by AP
By the Associated Press New York reports on March 16 show domestic, financial, and foreign bar silver at 55 1 2 cents per ounce and Mexican dollars at 4 cents per peso. London markets also note bar silver at 32 1 2 pence per ounce with money at 6 percent and discount rates for short and three month bills at 6 percent.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Itec
London
Panama Refuses Return of Captured Launches in Territorial Dispute
In Panama on March 16, Panama announced it will not return three launches and other spoils seized when forces captured Coto, a disputed area with Costa Rica. The note says Panama holds the booty as partial guarantee for indemnification sought from Costa Rica for expenses arising from the conflict.
MENTIONED IN THIS ARTICLE
Associated Press
Panama
Costa Rica
Coto
Osseo Voters Back Light Wipes and Beer Sale Plan
In Osseo Minnesota residents voted 58 to 21 today to back legislation favoring the sale of light wines and beer. The measure goes to the regular village ballot, with the council to inform state legislators and congress. Seventeen women cast ballots but kept their choices private.
MENTIONED IN THIS ARTICLE
Osseo
Minn
Congress
Sugar Prices Reported In New York Market
New York sugar prices show raw sugar at 6.27 cents per pound for centrifugal and refined sugar at 7.75 cents for fine granulated, reported on March 16.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
Oversubscribed Treasury Notes Reach New Total
Washington March 16 Subscriptions to the two issues of treasury certificates of indebtedness closed tonight at about 460 million dollars, Secretary Melon announced. The treasury had called for about 400 million dollars, signaling strong demand for government debt.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Treasury
Mellon
Sea Grass Nets Prove Strong and Cheap
A brief note reports sea grass fibers yield durable nets at low cost, offering fishermen an affordable option. The statement highlights strength and economy as key benefits for traditional coastal netting.
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