Wheat Prices Plunge on Market Weakness and 1923 Yield Outlook
Chicago and Minneapolis markets sag as stocks slip and a pessimistic 1923 winter wheat yield estimate dampens sentiment. May and July wheat futures fall while corn and oats show mixed moves. rain in the Southwest adds to bearish factors. Butter and eggs market shifts accompany the day’s commodity activity.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Winnipeg
Stock Speculators Dominate Decline In New York Market
May 1 report shows professional speculators steering a late-day raid pushing many industrials down from yesterday's closes. Rails held firm, some motors and accessories fell while United States Steel, General Electric and others hit new year lows. call money eased, foreign exchange trading light due to holiday.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Stewart- Warner
Stromberg
Kelly-Springfield
Baldwin
Studebaker
Shorts
Chandler
Bosch Magneto
Hupp
Reynolds Spring
United States Steel
American Express
Austin Nichols
General Electric
General Asphalt
Davison Chemical
New York Central
Kelly Springfield
American Car
Atlantic Coast Line
Canadian Pacific
Pacific Ol
Pan-American
Virginia-Carolina Chemical
International Paper
Call
Metal Market Overview from New York Trade Desk
Copper steady at 16 16 and a half cents, electrolytic spot and futures. Tin firm with spot near 45.25 and futures at 45.50. Zinc easy at 6.80 cents in East St. Louis near delivery. Lead steady at 7.62 to 7.75 cents. Antimony spot at 7.75 cents.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
London Metals Prices Report May 1
London metal market update shows spot and futures prices for copper tin lead and zinc. Spot copper £69 17s 6d futures £70 12s 6d electrolytic copper spot £79 5s futures £79 15s tin spot £213 2s 6d futures £213 0d lead spot £25 12s 6d futures £25 15s zinc spot £32 2s 6d futures £32 10s.
MENTIONED IN THIS ARTICLE
London Metals
London
Market Position 9 Reactionary Report
Market opened unchanged from Monday and turned reactionary after brief rallying. Liquidation grew late, with new lows as outside demand stayed absent. Mutual Oil reports 1922 profits of 6 237 376 while Kennecott shows 804 178 after depletion. Westinghouse signs 213 miles of Virginian Railway electrification.
MENTIONED IN THIS ARTICLE
Lauzier-Wolcott Co
Shorts
Mutual Oil Company
Merritt Oil Corporation
Hamilton Oil Corporation
Mutual Company
Western Oil Fields Corporation
Boston Wyoming Oil Co
Chappel Oil Co
Kennecott Copper Company
Westinghouse Electric and Manufacturing Company
Virginian Railway Company
Roanoake
Virginia
Mullens
West Virginia
Livestock Quotations From Chicago Market Report
AP livestock report from Chicago dated May 1 shows hog receipts at 25 000 with prices range for 160 to 225 pound hogs 8 25 8 40 top 8 40 and heavier hogs 7 50 to 8 20. Cattle receipts 12 000 with beef steers weak to steady at 9 75 10 heavy loads 9 75 and 9 50. yearling steers around 9 and under. stockers and feeders strong. canners 3 35 4 60. Sheep receipts 11 000 with solid demand for clipped lambs 11 75 12 50 and Wisconsin fed lambs 13 10 to shippers.
MENTIONED IN THIS ARTICLE
The
Associated Press
United States Department of Agriculture
Chicago
Wis
Wisconsin
Denver
Cattle Hogs and Sheep Prices in St Paul Market Report
May 1 market notes cattle receipts 2300 mostly steady with steer prices 6.50 to 9, heavy weights lower. Calves receipts 4000 best lights about 7.50 to 8. Hogs receipts 14500 prices up 10 to 20 cents, typical 5.75 to 8.10, weights 160 to 210 averaging 8. Sheep receipts 200 strong with no top offering, bulk heavy wooled lambs about 12, No. 2 lambs around 10 to 11, best ewes 9, best shorn 7.75.
MENTIONED IN THIS ARTICLE
ST. Paul
The
Associated Press
United States Department of Agriculture
South ST. Paul
Cattle Market Mixed Receipts At Kansas City
Kansas City May 1 cattle receipts 9 000 calves 1 000 yearlings steady to strong spots higher to outsiders best cows 7 25 7 75 bulk other 6 25 6 50 good and choice heifers 7 8 50 bulk Bologna bulls around 5 canners and...
MENTIONED IN THIS ARTICLE
Kansas City
Agrsociated Press
U. S&s. Department of Agriculture
Western meat market quotes and cattle hog sheep figures
The report lists cattle hogs and sheep receipts and prices from Spokane Denver and overall U.S. markets. Cattle steady to mixed with prime steers $8 to $8.50 and cows $5 to $7 while hogs trade around $7.50 to $8.75 and lambs near $15. Stockers feeders veal and sows show varied gains and steady demand.
Cattle Hogs and Sheep Market Mixed in Portland
Portland May 1 cattle steady amid 104 receipts hogs steady with 953 head received sheep nominally steady with no new receipts for the day market tone remains cautious as traders watch demand and supply dynamics in the region.
MENTIONED IN THIS ARTICLE
Portland
The
Associated Press
Ore
Commission Company Changes Ownership in Local Market Shift
The Rocky Mountain Fruit and Produce company announced its purchase of the Silver Bow Commission company and will relocate to the former Silver Bow site. Erlick, head of Silver Bow, may move to California to focus on his interests there. The Mellor Produce company will move into the Rocky Mountain Produce building. Fresh California strawberries arrived and sold quickly, boosting jobber orders as another car is expected. Prices for produce remained firm with apples 2 to 3.25, bananas 10 cents, and broader price ranges listed for citrus, vegetables, and potatoes.
MENTIONED IN THIS ARTICLE
Rocky Mountain Fruit and Produce Company
Silver Bow Commission Company
Erlick
California
Mellor Produce Company
Rocky Mountain Produce Company
Walla Walla
Kennewick
Foreign exchange report from New York May first
Irregular foreign exchange quotations list demand and cables for major currencies led by Britain at around 4.63 to 4.64 dollars. Other nations include France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Argentina Brazil and Montreal rates. Money market shows call money easier, high 5 percent, low 5 percent, ruling and closing at 5 percent.
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Associated Press
New York
Great Britain
France
Italy
Belgium
Germany
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Argentine
Brazil
Montreal
Financial terms: loan rates and credit terms
Details list varying rates for call loans against acceptances 5 percent time loans 54 5 percent and 4 6 months 5 percent prime commercial paper at 5 percent. References to 60 90 days and mixed collateral are noted as terms.
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