Market turmoil hits wheat as large selling drives prices down
Enormous selling to realize profits sent wheat sharply lower in Chicago trading on May 1. Reports on 1928 domestic wheat yield and winter acreage sparked further declines, with forecasts showing a drought affected season and dust storms threatening crop damage. Minneapolis grain receipts and cash bids for No. 1 northern and spring wheats followed the national downturn.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Nebraska
Minneapolis
Montana
Butter and Eggs Market Report from Chicago
Butter market higher on May 1 with receipts of 13,112 tubs. Creamery extras at 43.5 cents, standards 43.25, extras 42.75, firsts 41.5, seconds 41.0. Eggs higher with 39,568 cases received. firsts 28.5 to 29 cents, ordinary firsts 27.0. Storage packed extras 32 cents, firsts 32.0.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Stocks Higher At Start Of Month With Key Leaders Rallying
The market opened May with broad gains as leaders advanced while profits were taken at times. Oils eased to boost rails with strong demand in autos, rubber, utilities, and metal shares, and blocks of 3,000+ shares were rare. Major names like General Motors and American Can climbed, Chicago & Alton hit new highs, and investors noted renewed motor stock strength from April production data.
MENTIONED IN THIS ARTICLE
Associated Press
New York
New York Federal Reserve
General Motors
American Can
American Smelting
Chicago & Alton Common
Preferred
Southern Railway
Chicago & Northwestern
Missouri & Pacific Common
Reading
St. Paul Common
Chesapeake & Ohio
New York Central
Hudson
Chrysler
Mexican Seaboard
Texas Corporation
Curtiss Aeroplane
Electric Auto Lite
Pullman
Atlantic
Gulf & West Indies
Conde-Nast
Thatcher
Central Alloy Steel
Loews
International Telephone
American & Foreign Power
Otis Steel and
Utilities Power & Light
Express
Keith Albee
Orpyheam
Ornheam Circuit
National
Wright Aero
Plow-using Montana buyers shrink sharply from last year
Montana and Denver market summaries show cattle hogs and sheep receipts across several cities on May 1. Montana notes Russia buying less than half as many plows as a year ago, while cattle and hog markets edge lower or steady with mixed loads and regional price ranges. County and city listings include Omaha Denver Kansas City St Paul Portland reports on steer yearling prices, hog top values, and ewe lamb figures.
MENTIONED IN THIS ARTICLE
Russia
Livestock market figures Chicago May 1
Hogs receipts 25 000 slow trading 50 to 15 cents lower top 10 40 for 190 220 lb averages. Cattle receipts 9 000 calves 3 500 steady to a shade lower best heavies 14 90 yearlings 14 50 bulk 12 to 13 75. Sheep receipts 9 000 fat lambs active outsiders undertone slow to packers lambs 92 lb to 17 25 ewes 150 lb down to 10 25.
MENTIONED IN THIS ARTICLE
Logan @ Bryan
Allied Chemical
Allis Chalmers
Bosch
International Corp
American Tel & Telegraph
Eee
Arnold Constable
Atlantic Refining
Atchison
Atlantic
Austin Nichols
Y Bay
Baldwin Locomotive
Baltimore & Ohio
Bethlehem Steel
Butte & Superior
Sewevne Ae
ROO Butte
California Petroleum
Cerro de Vasco
Chesapeake & Ohio
Chicago
Alton
Great Western
CM & St Paul
Chicago Northwestern
Chicago Rock Island
Chile
Chrysler Motor Coc
Colorado Fuel & Iron Peewee
Continental Can
Continental Motors
Crucible Steel
Davidson Chemical
Dodge Bros
Dode Bros
Mleischmann Yeast
Foundation Company
Seem
Vreeport Texas
General Motors
Goodrich
Great Northern
Gulf States Steel Car
Howe Sound
Fay
Hudson Motors
Hupp Motors
International Harvester
International Merc Marine
International Telephone & Telegraph Aoe Lfily
Kansas City
Kelly Springfield
Kennecott
SS Kresge Co
Lee Rubber
Oeseresein
Loews Incorporated
Eae Ween
Magma Copper
Manhattan Electric
Maytag Company
Emer Reese
Mexican Seaboard
Miami Copper
Mid-Continent
Missouri Kansas & Texas
Missouri Pacific
Missouri Pacifice
Montgomery Ward
Montana Power
Lis Moon Motora
Aly Dole
National Biscuit
National Cash Register
Nevada
New Haven
New York
Packard Motors
Paige
Detroit Motors
Wwe
Paramount Famous Players
Pennsylvania
Phillips Petroleum
Eeeres
Pierce Arrow
Republic Tren and Steel
RJ Reynolds Tobacco B
St Louis
San Francisco
St Louis & Southwestern
Schulte
Tenner
Seaboard
Sears Roebuck
Simms Petroleum
Sinclair
INA
Southern Railway
Meere Eat
Jba
Standard Gas & Electric
Cceeeeeeervese
California
Cseeeseeeee
Standard Oil
New Jersey
Eee Ee
Stewart Warner
Studebaker
Enone
Tennessee Copper & Chemical Seer
Texas Pacific
Texas Pacific Coal
Uinion Pacific
United Drug (New
United States Industrial
United States Rubber
United States Smelters
United States Steel Ee
Adee Rwpolocped de Sons Cus
Eesevieces
Ty Warner Jros
Western Pacific
Westinghouse Electric
White Motors
Renee
Willys-Overland
Ie le
Woolworth
Wright Aero
Southern
Dairies
Associated Press
Omaha
U. S. Department of Agriculture
Denver
United States Department of Agriculture
Arizona
South ST. PA
Associated
Pres
South ST. Paul
Associated Frew
U.S. Department of Agriculture
Cattle and Hogs Steady in Seattle Market
In Seattle on May 1 cattle and sheep held steady with no change. Hog receipts reached 1,088 with prime lights at 11.00 to 11.10 and smooth heavies at 9.00 to 12.10. Cattle receipts were 95 and sheep 513.
MENTIONED IN THIS ARTICLE
Seattle
Market Report Spokane Cattle Hogs and Sheep Steady
Spokane May 1 cattle receipts 207 hogs 296 sheep 11 market steady quotations unchanged with cattle hogs and sheep.
MENTIONED IN THIS ARTICLE
Spokane
The
Associated Press
Foreign Exchange Mixed Quotes Across Currencies
Foreign exchange markets show mixed quotations in cents with Britain at 4.875 and cables at 4.875. France demand 3.933 and cables 3.937. Italy demand 5.262 and cables 5.255. Belgium demand 18.95 and Germany demand 23.90.
MENTIONED IN THIS ARTICLE
Assccisted Press
New York
Great Britain
Italy
Belgium
Germany
Market Comment by Logan and Bryan Spark Broad Gains
New York May 1. Market breadth broad with wide distribution across the list and many stocks posting gains. Short covering showed in motors while professionals favored downside bets in some groups. money renewed at 6 percent was the high in a while but offerings from interiors appeared as money eased in the afternoon.
MENTIONED IN THIS ARTICLE
New York
Grain letters show bullish crop estimates but train of profit taking
May 1 report from Chicago notes winter wheat yields projected 455 to 487 million bushels, bullish yet undermined by profit taking. Prices rallied mid day on commission buying but failed to hold. Corn and oats faced pressure with steady cash markets and heavy receipts. Minneapolis and Chicago show strong selling. rye remains heavy despite exports.
MENTIONED IN THIS ARTICLE
Chicago
Minneapolis
Potatoes Market Reports Across States May 1
Potatoes receipts 137 cars on track 320 total United States shipments 563 cars. Market slightly weaker on old stock with light trading. Wisconsin White sacked at 1.80 to 1.95, Minnesota Russets around 1.60, Idaho Russets 1.70 to 1.85, Washington Russets 1.60 to 1.65. New stock steady, Texas Bliss Triumphs No 1 4.25, Florida Spalding Rose barrels 7.25 to 7.50, few higher.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
United States Department of Agriculture
United States
Wisconsin
Minnesota
Idaho
Commercial
Washington
Texas
Bliss
Florida
Spalding
New York Poultry Prices May 1 Poultry Market Report
New York May 1 live poultry market steady with chickens by freight 22 33c, broilers by freight 40 7 45c, by express 27 55c, fowls by freight 26 9 28c, express 27 28c, roosters by freight 16c, turkeys by freight 25 30c.
MENTIONED IN THIS ARTICLE
New York
The
Associated Press
Express
Sugar Market Holds Steady In New York Trade
The refined sugar market in New York on May 1 remained unchanged with prices at 5.95 to 6 cents for fine granulated sugar.
MENTIONED IN THIS ARTICLE
New York
New York Metals Report Flat for Copper and Lead
New York metals copy notes copper steady across spot and futures with electrolytic. Iron unchanged. Tin irregular at 51.12 spot and 50.87 futures. Lead steady at 6.10c in New York and 6.00c in East St. Louis. Zinc firm at 5.857 to 5.87c in East St. Louis. Antimony at 10.25c.
MENTIONED IN THIS ARTICLE
London Metals
London
New York
East St. Louis
Spot
Future
Call Money Rates Hold Steady In New York Market
New York May 1 call money steady with strong high at 6 and low 5 1 2 percent. Ruling rate 6 percent. Closing bid 5 1 2 percent. Time loans firm with mixed collateral 60 90 days 4 6 months. Prime mercantile paper and bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
CALL
Associated Press
New York
Caih
Prime Mercantile
Hansen Packing Co Hog Prices From Butte
Hansen Packing Co quotes hog prices for Butte buyers. Choice hogs bring 10c per pound, medium heavy 8 9c, extra heavy 7 8c, lights 5 5c, extra lights 7 4 2 8tec per pound.
MENTIONED IN THIS ARTICLE
Hansen Packing CO
Hansen Packing Company
Butte
Also Mentioned on This Page
Logan & Bryan
New York Stock Exchange
Portland
U.S. Liberties
Bhp
Canada
Japan
Norway
Aes
Anaconda &S
Beth Steel
Fisk Rubber
Gen Motors
Laoodrich
Westinghouse
Aaa
Tey Wilson & Co
Youngstown
LOS
Nor Pac
Boston
Hy Logan
Bryan
Ardsley
Belcher Sve
Blackhawk
Boston Ely
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Calavaras
Gadsden
Eetcons
Houghton Ee
Iron Cap Seteseees
Mohican
Ohio
Miami
Verde Central
Eesees i
Boston Stock Exchange
Rid
Ari Commercial Ee
Bingham Mines
East Butte
Franklin Seees
E. m . Island Creek
Isle Royale
Mason Valley
Maes Conseaves
Mayflower Seeve
Mohawk New Ee Ee
Cornelia
Nipissing
Maes Ivoawed
North Butt Eee
Anex Peters
Trunker
H & S Tee
Callahan
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Consitution Ee
Cork Province
Eevee
Dickens
Gladstone
Goldsmith Er
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Richmond
Yukon
Saunders Aid
Sherman Lead
Salt Lake
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Cardiff
Reese Ineresse
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Emma Silver Weber
Eureka Lily Fee Neee
Eureka Bullion
Kennebeck
Keystone
Lehigh Tintie
Magnolia Lead
Mammoth Peeve Senreeens
Mountain Viewee
Michotah Es Nall
Gan
Ark Utah
Park Bingham
Walker Mining
West Toledo
Alberta Butte
Butte Hill
Butte & London
Chappel Oil
Doris Mining Pees
Petroleum
Homestake Oil Ae
Jardine Minins
Kevin- Sunb Hold ‘Corp
Ana Idaho
Neihart
Queen City Oil
Radford
Royal Development
Silver Bow Securities
Sunburst of & Refining
Sunburst
Denver Lisp
Boston & Wyoming
Chappell Oil
E T Williams
Gates Oil
Kinney Oil & D
Mtn
Gulf
Enae
West Exptoration
Y Gas & Oil
Denver U S Yard
Mtn States T & T
Logan
Finlen
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