Corn market shows weakness amid selling pressure in Chicago
In Chicago on May 5, strong selling pushed corn lower with July at about 1.68 to 1.69 dollars and September near 1.60 to 1.61 dollars. After initial declines the market partly recovered as shorts covered, but closes remained nervous with a mixed upturn. Cash quotes show No. 2 mixed corn at 1.92, No. 2 yellow 1.97 to 1.98, oats slipping, and provisions reflecting grain declines.
MENTIONED IN THIS ARTICLE
Chicago
Shorts
Trading Affair Guides The Market Amid Crises
The Heilbronner Company reports a trading session ruled by caution but with selective gains. Major improvements seen in Lackawanna Steel, Republic, Bethlehem Steel, Baldwin, American Locomotive, Crucible, and United States Steel. Mexican Petroleum and Pan American Oil showed oversold recoveries, while Texas Oil and Transcontinental posted modest gains. Market sentiment remained nervous due to global concerns as dividends and a futures opening discussion surfaced.
MENTIONED IN THIS ARTICLE
Heilbronner Company
Harding
Federal Reserve Board
Shorts
Lackawanna Steel
Republic
Bethlehem Steel
Baldwin
American Locomotive
Crucible
United States Steel
Mexican Petroleum
Pan- American Oil
United States
Tampico
Texas
Middle States
Transcontinental
Atlantic Gulf
American International
Utah
Chandler Motors
R. J. Reynolds Tobacco Company
Chicago Board
Studebaker
Replogle
Texas Company
General Motors
Bethlehem Steels
American Woolen
United Fruit
Call Money
Liberty Bonds
Livestock Market Report Chicago May 5 Cattle Hogs Sheep
Livestock receipts total 44,000 with cattle at 8,000 hogs 19,000 and sheep 17,000. Cattle steady to higher demand for light and handy weights with bulk beef steers 11.75 to 13.25. heavy grades slow. Hogs up 15 to 25 cents top 15.40 with lighter weights 14 to 15.35 and pigs around 13.75. Sheep receipts mostly direct selling steady early. lambs higher.
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Chicago
Spokane Market Reports Hogs Cattle and Sheep Prices
Spokane May 5 market report lists hog receipts 148 with prime mixed 15.25 to 16.50, stockers 14, cattle receipts 406 with prime steers 12 to 13, cows 10 to 11, canners 3.50 to 5.75, calves 9.17, stockers 7. sheep no receipts with prime lambs 16 to 17 and best mutton 19.
Omaha Market Report Shows Mixed Hogs Cattle Sheep Activity
Omaha May 5 market summary reports hog receipts at 16 000 with steady to 15 cent higher trade and top at 14 75. Cattle receipts 6 500 with beef steers and butcher stock rising 19 25 cents. best beefs 13 25 with bulk 11 12 50. canners cutters and bulls steady. veals weak. stockers feeders steady. Sheep receipts 6 000 with lambs 10 25 cents higher. best wooled lambs 19 90, top clipped 17 95. bulk clipped 17 65 17 90.
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Omaha
New York
Heilronner Company
Alaska Goldee
Gulf & W
Sumatra
Atchison
precioGac Ie
Beth. Steel B
Baltimore & Ohio
Bosch
Brooklyn Seer
Butte & Superior
M & St
R. T
Chandler Motor
Chile
Chino
Columbia Graph
Calif
Cerro de Pasco
Erie
Elk Horn
General Electric
General Motors
Greene-Cananea
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Gulf
States Steel
Haskell & Barker
Inspiration
Mer. Marine
Kennecott
Ory
Kelly-Springfield
Keystone Tire Cove
Shee Lackawanna See
Mex. Petroleum
Maxwell Motors
Miami Copper
Midvale Steel
Missouri Pacific
Nat Enamel
Nat Ead
Nevada
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Nova Scotia Steel
Ohio Cities Gas
People's Gas
Pierce-Arrow
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Shattuck-Arizseer
Sinclair Oil
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Southern Railway
Ly Stromberg
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Union Pacific
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United Fruit
S Steel Pfd
Utah
Opper Sheer
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Westinghouse
White Motors
Lea Vu Re
Wilson « Co
Teeee
Ae Eee
Willys-Overland
Worthington Pump
Itx
Liberty Firsts
New York Money Rates and Exchange Summary
May 5 New York spot and forward rates for mercantile sunner 7 per cent exchange Wellak. Sterling rates quoted for 60 day bills 3.80 percent and demand 3.84 percent. Francs Belgian Lire Marks and related cables shown with demand and cable values. Government and railroad bonds, time loans and bank acceptances noted with general money market conditions indicating easy money and last loan around 7 percent.
MENTIONED IN THIS ARTICLE
NEW York Money
NEW_ YORK
Mercantile Sunner
Exchange——Wellak
Sterling
California man dies as family held by immigration officials
Manuel Amaral of Irvington California dies in a Providence hospital after traveling with his wife Amelia Souza and five children from the Azores. The measles outbreak during the voyage and pneumonia end his life while authorities detain the family awaiting support and relocation.
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California
Boston
Immigration Bureau
Providence
Manuel Amaral
Irvington
Cal
Amaral
Eviner
Amelia Souza
Horta
Azores
Drouth News Optimism From Livingston Enterprise
The Livingston Enterprise notes a splendid brass crop and almost certain winter wheat yield. It warns that extended rain could delay spring planting, but sunny weather is expected to follow, allowing completion in time.
MENTIONED IN THIS ARTICLE
Drouth
Livingston Enterprise
Preferable Cast Iron Over Steel For Rustproof Use
The article notes cast iron is often favored over steel for many purposes due to its relative rust resistance. It emphasizes durability in environments prone to moisture and oxidation, suggesting practical applications where corrosion is a concern.
Trading in stocks ends with mixed sentiment and gains
The New York Stock Exchange session saw about 800000 shares traded as shorts covered on improving monetary and industrial signals. Oils led gains late, with Baldwin and United States Rubber rising. General Motors and Studebaker extended gains after initial volatility. Freight rates rose 27.8 percent, and April mining output fell versus March.
MENTIONED IN THIS ARTICLE
New York
Shorts
Wall Street Faces No Imminent Crash Says Banking Circles
International bankers warn bond financing will face a tough path as soldiers tax fears persist while Germany Russia trade potential is weighed. Wall Street reports show no vulnerability in key sectors, loan reductions steady, and a persistent export surplus cushions risk of a broad financial panic.
MENTIONED IN THIS ARTICLE
Germany
United States
Russia
Wall Street
Banking Strain Deepens Without Gold Import Relief
Banking circles warn of severe money stress unless gold imports from abroad materialize soon. Critics say without this relief, loan restrictions could become more drastic, impacting the commercial sector across quarters.
Market Rally Power Lacks Sustain, Liquidity Seen Upheaval
In market chatter, a continued absence of sustained rally power signals incomplete liquidation. Merchants expect substantial stock to hit the market from mercantile circles during rallies and raids due to bank loan policy pressures.
Weather Controls Market and Crop Outlook Warned
Bearish operators are using the weather to influence markets for crops and spring merchandise. Buyers may benefit if bright weather returns, but sales are currently delayed and large. Crop progress is poor and forecasts predict yields well below last year.
Wire house sentiment on economy and military funding pressures
A sample passage outlines fears that the push for economy will shrink business. It notes a large government outlay for soldiers funded by taxation and an additional 2,000,000,000 from income and profits. The combination creates a critical funding scenario affecting reinvestment.
MENTIONED IN THIS ARTICLE
Wire House
Market pros pects threaten higher taxes and wages
Commission houses warn new incentives are needed as capital supply falls taxes rise and costs climb. Transportation delays strangle credit while merchants forecast widespread liquidation as the only remedy amid a burning cash flow.
Copper stocks rise as new credit line opens for French makers
Copper buyers shift to credit sales with French manufacturers, with monthly shipments projected at 10 to 20 million pounds. The development signals improved demand and liquidity for metal traders amid evolving supply chains.
Policy action to calm money market signals treasury influence
The change in sentiment toward the securities market requires more than lower call money. It demands evidence of a constructive treasury policy guided through Federal Reserve influence to foster national money market stability and potentially regulate borrowings to ease costs for industry and commerce.
MENTIONED IN THIS ARTICLE
Treasury Department
Federal Reserve Banks
Oil Co Declares Extra Dividend Along With Regular Share Payout
The Standard Oil of California declared an extra dividend of 1.00 per share in addition to the regular quarterly dividend of 2.50 per share, totaling a 3.50 per share payout for the period.
MENTIONED IN THIS ARTICLE
Standard Oil of
California
Metal Prices Steady With Mixed Changes Across Commodities
Copper steady with spot 18% 19 cents and near term 19 cents for June and July. Tin weak at 58 dollars spot and 57.625 for April and May. Lead quoted 9.12 cents spot and 8.75 cents for June and July. Zinc in East St. Louis delivery at 7.75 cents bid and 7.90 cents asked. Iron and antimony unchanged.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Market Notesbars and Coins: Silver Rates Decline
Bar silver in New York May 5 quoted at 31.07 percent, Mexican dollars at 81 percent. In London May 5 bar silver at 63% per ounce, money 4% and discount rates for short and three months bills at 6 percent.
MENTIONED IN THIS ARTICLE
New York
London
Manganese prospects and mine developments cited in Montana and copper costs rise
Carl Trauerman of Helena, representing United States Manganese, said manganese outlook is bright as foreign demand shifts to America. He plans a Montana tour to inform operatives of market conditions and opportunities. Copper costs rise for Calumet and Hecla, with 1920s prices above production costs, while Granby Consolidated shows profits eroded by taxes. Northwestern Improvement reports a long tunnel near Red Lodge coal mine expanding capacity to about 2,000 tons daily in three to five years. Boston copper activity is reported as subdued.
MENTIONED IN THIS ARTICLE
Carl Trauerman
Helena
Montana
United States Manganese Corporation
America
England
Calumet & Hecla
Boston News Bureau
Lake Superior
Lode
Granby Consolidated Mining, Smelting and Power Company, Ltd
Heilbronner
Northwestern Improvement Company
Red Lodge
C. V. Anderson
William Haggerty
Copper market hopes rise amid strikes and export surge
The author notes a downturn in business due to the railroad strike, banded brass worker stoppages in the Connecticut valley, and I W W action. March is seen as the strongest export month in years while copper markets look for a lift. Copper insiders differ on on hand stocks with one estimate placing refined and raw copper surplus at about 500 million pounds, roughly half of last year’s level.
MENTIONED IN THIS ARTICLE
Connecticut Valley
England
France
Germany
New York
Larger profits for Butte and Superior in 1919
Butte and Superior reports higher 1919 profits despite lower shelter prices and ounces of silver produced totaling 2,500,000. A settlement with Elm Orlu lowered reserves from 830,000 to 623,000 tons, delaying development but promising reserve gains in 1920. A $2.5 million apex rights settlement is completed, leaving net quick assets of $2,809,000 or about $19 per share.
MENTIONED IN THIS ARTICLE
Butte & Superior
Shelter
Hayden, Stone & Co
Heilbronner Company
Apex
New York Sugar Trends and Lewiston Railway Treasurer
Raw sugar prices show centrifugal at 19.81 with refined and granulated steady around 17.50 plus 23c. The Androscoggin and Kennebec Railway at Lewiston Maine appoints a woman treasurer Miss G. E. Fitz.
MENTIONED IN THIS ARTICLE
New York
Androscoggin & Kennebec Railway
Lewiston
G. E., Fitz
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