Wheat price slump follows railway storage notice
Markets react to a notice that temporary emergency storage in railroad cars could be provided on track here. May delivery weak, prices down 1.5 to 3.5 cents. Reports say a Kansas City elevator company ships 700,000 bushels to Chicago amid expected shipments from Omaha and St Louis. Bears driven by favorable Southwest crops and slow export demand, with Liverpool also down. Wheat deliveries 172,000 bushels. receipts 131 carloads. Corn and oats fall with wheat as local offerings rise to offset.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Kansas City
Omaha
St. Loui
Southwest
Liverpool
Wall Street Mixed as Trade Tapers in Early Periods
Renewed selling and profit taking limited advances in New York stocks while overall volume reached 1,138,000 shares. Oliaxx Group led in prominence, with gains in secondary domestic issues. High priced issues slipped as some firms receded from peaks, and Mercantile Marine faced dividend speculation. London exchange rose to 4.44% for demand bills amid firmer continental quotes.
MENTIONED IN THIS ARTICLE
Prem
York
Imen
Inter
Oliaxx Group
Southern Pacific
New Haven
Pittebtte
West Virginia
Mercantile Marine
London
Caution Shown by Market Traders Amid Mixed Signals
Traders in the market show caution with bulls and bears at a standstill as prices drift. Copper remains active with quotes around 18 to 13 percent, while oils steels motors and rubbers look overbought and need fresh incentive. Crucible Steel draws bullish chatter amid rumored dividends and pool activity, while Otis Steel sheet mills run at capacity and coal strike delays hamper furnace work though Chesap eke & Ohio posts $3.04 first quarter earnings. United States Steel remains active, Federal Reserve ratios fall, and Morgan plans May 12 sailing for reparations talks.
MENTIONED IN THIS ARTICLE
Hellbronner Company
Electro
Lake
Crucible Steel
Otis Steel Company
Chesapeake & Ohio
United States Steel Common
Federal Reserve System
Federal Reserve Bank of New York
Fatio
Doheny
Mexican Petroleum
Mexico
Mexican Pete
Mexican Gulf Oil
U.S. Steel Products
Japan
J.P. Morgan
Aretend
Germany
American Smeltering & Refining
Market trends show renewed business activity and cattle quotes
Business activity climbs while beef, hogs, and sheep prices move. Trade reports from St Paul Denver Portland and Spokane reflect steady to higher receipts and markets. cattle and hog values edge up with spring lambs strong. Prices for beets cows calves and sows vary by region and weight.
MENTIONED IN THIS ARTICLE
ST. Paul
South ST. Paul
Minn
Denver
The
Associated Press
Portland
Associated Pres
Ore
Livestock Prices Across Markets May 5 Report
Livestock market report from Chicago Omaha and Kansas City shows cattle, hogs and sheep receipts with mixed prices. Veal calves and heavy hogs show gains while lambs and ewes vary. top hog price around 10.70 and cattle steers near 8.40, with notable activity in Omaha and Kansas City markets.
MENTIONED IN THIS ARTICLE
Chicago
United States Bureau of Markets
Kansas City
Associated Press
Colorado
Copper and silver steady in early May market report
Copper firm on electrolytic and near contracts with spot around 30.62 and futures near 80.75. Land prices steady at 3.2305 while St Louis delivery quiet. Silver in foreign bars at 70 percent of Mexican dollars and London price near 35.44 per ounce with money and short rates at about 1 and 3 months.
MENTIONED IN THIS ARTICLE
New York
Waiasee
Spot
St. Louis
Asociated Press New
York
London
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vsssCaadler
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