Markets and Wheat Prices Edge Up on Weather News
The May 3 market report notes higher wheat as Europe buys North American grain and rye, aided by favorable outlooks in the South. It cites weather delays, cold rain, and crop prospects in Canada, Oklahoma, and Kansas, with mixed futures and cash price ranges for wheat, corn, oats, and rye.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Wales
Europe
Liverpool
Mente
Canada
Hang
Becaus
Oklahoma
Kansas
North Central
Texas Panhandle
Yester
Minneapolis Grain
The
Minneapolis
Montana
Ste
Gary Letter
Northwest
Texas
Southwest
Lowa
Jill- Roi
Duluth
Market summaries from New York and London metals and crops
London copper and tin prices noted with spot and futures in pounds and shillings. Sugar prices steadied with May to January futures quoted and a large export sale in tons. Butter and eggs in Chicago show varied declines and steady milk products. Spot cotton in New York remained steady at middling to close.
MENTIONED IN THIS ARTICLE
London Metals
The
Associated Press
Alondons
May
New York
Averesney
East St. Louis
Anthony
Market Uptrend Driven by Easier Money Rates
In New York May 3 the stock market rose on easier money conditions. Gains led by General Motors, with several rail and industrial issues advancing, while some speculative shares softened. Bond financing and brokers' activity fueled broad advances, amid mixed sector movements and a firmer foreign exchange scene.
MENTIONED IN THIS ARTICLE
Associated Press
New York
General Motors
Chesapeake & Ohio
New York Central
Delaware & Hudson
Lackawanna
Katy
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Storey
Atchison
Chicago Great Western
Arthur Curtiss James
Tonger
Brooklyn
Setive
Sterling Exchange
Talian Tire
Sie
Adobe
Livestock market reports mixed across several cities
Across Chicago and St Paul markets receipts show hogs and cattle trading unevenly with buyers cautious. Hogs steady to slightly lower, hogs bid around 9.50 to 10.60 per hundredweight. cattle and fat lambs show steady to firm values, Colorado fed steers around 12.25 to 12.75, veals strong to 10.26. Wool consumption in March rises to 54.26 million pounds as domestic wool stock reports improve.
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Associated Press
Chicago
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Associated Pre
United States Department of Agriculture
Omaha
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Department of Commerce
Germany
Market Comment By Logan And Bryan
Active buying of General Motors and tail shares dominated the session as investors covered positions. Prospects of a $2 extra dividend and news of Chevrolet's new April monthly record boosted enthusiasm. The afternoon call money rate slipped to 4 percent and top values rose. Week's crude output jumped more than 23,000 levels from the prior week.
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