Markets Crumble as Wheat Prices Fall Sharply
Chicago market news reports a 7 percent drop in wheat, May and July futures slipping to about 1.57 and 1.42 dollars respectively. Corn and oats follow wheat downward while provisions also ease. concerns include government investigations and weak crop prospects in the Southwest and West.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Washington
Liverpool
Barsey
Timothy Weed
New York Stock Prices Open Firm Then Slump On Wheat Selloff
Trading at the New York Stock Exchange opened firm but fell sharply before noon as selling pressure hit northwestern rails and standard oils, then rallied. Wheat price declines and heavy broker loan calls pushed the call money rate to 5 percent, with mixed results across major issues. Pan-American B surged on news of its Mexican property steps and dividend rumors, while several rail stocks like Chicago Western and United States Bree faced declines.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Northwestern Rails
Standard
Ache
Chicago Western
Omaha
Canadian Pacific
Northern Pacific
Southern Pacific
Chicago
Eastern Trinois
Gulf, Mobile and Western
Reading
Jersey Central
United States
Baldwin
Dack
NEW York Tock Exchange
Butte
Mata
Keweenaw
Lake Copper
Mason Valley
Arcadi
Trinity
Lauder, Wolestt & Co
Asx
Istean Com
Enim Cork
Douglas
Florence
Richmond
Sunshire
Tamarack
Wenters Union Ei Wert
Hunter
Psaay
Mutu New Broi
Red Bank
Ryan
Saitek
Bat Feck
Sapulpa Wenterni Eo
Nevada
Liverpool
America
Real
Campbell Fev
Iy Laualer, Wolontt & Coy
Mont Bn
Agomah
Arizona
Calumet & Arizona
Calumet & Mecia
York
Yen
Iberty Tn Livers
Gzschostoval Republic
Montana
Northern
Pacific
Gam & Senn
Lee
Ted
Ori
Livestock prices across markets show steady to lower trends
Across Chicago Omaha Denver and other yards, cattle and hog receipts are reported with prices ranging from 8.50 to 15.25 per hundredweight. Market activity is mixed with some loads of heavy cattle and fat cows steady, while hogs remain slow and slightly lower than Thursday. Sheep and lambs show sharp declines in some regions and limited sales.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Fhureday
ST. Paul
The
South ST. Paul
Omama
Associated Pr
Omaha
Idahos
Angeles
Los Angeles
Toads
Market Stabilizes Amid Steel and Baldwin Pressure
Friday trading showed steadier overall market with rising call money yet heavy selling focused on Steel and Baldwin driving them to new lows. Despite pockets of weakness, broader list remained resilient as speculative towels faded and various names like General Electric and Atlantic Gulf showed accumulation while Dow Jones signaled a potential dividend increase. Willys Overland sales rose 25 percent in early March versus last year with March production at over 29,000 unfilled orders and 1,009 cars per day.
MENTIONED IN THIS ARTICLE
Laurier, Wolcott & Co
Yeaterday
Seraion
Steel
Baldwin
Dow Jones
Northwestern
General Electre
Atlantic, Gulf and” Foundation Company
United States Mining
Tasty
Willys Overada
Nctory
New York Money and Metal Markets Report
New York money rates show firm levels with high 6 and low 4 in call loans against acceptances and 60 to 90 day time loans. Foreign exchanges show demand declines and bar silver at 67 5 8 cents in New York with Mexican dollars 61 1 2 cents. Copper weak to 13 1 2 cents, tin steady around 63, iron steady, lead 8 3 4, zinc 7 1 4, antimony 14 1 2 to 14 6 4 cents. London metals list copper 61 2 8 futures 62 0 8, tin 244 128 futures, lead 35 10 8, zinc 34 2 8.
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New York
Associated Press
Simon
Can
York
Cary
Sary Gghrance
Italy
The
London
St. Louis
London Metals
LON
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