Markets, mining and financial news material setback in wheat market
The wheat market opened and closed lower amid weak stock and cotton trends. July and September wheat dropped with slight losses amid liquidation by small holders. corn and oats followed wheat downward. despite some firm Liverpool demand and UK reparations prospects, prices slid further due to heavy receipts and reduced supplies. Minneapolis figures show No 1 northern wheat at around 1.22 to 1.30, corn No 3 yellow at 75 to 76 cents, oats No 3 white 40 to 41 cents.
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Associated Press
Chicago
Illinois
Indiana
Ohio
Liverpool
Great Britain
Germany
Minneapolis
Foreign exchange and metal prices report May 7
Irregular currency quotations for Great Britain France Italy Belgium and other nations listed with demand rates and cable figures. Metals track copper tin iron lead zinc and antimony with spot and near-term prices and ranges reported by the Associated Press in New York.
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The
Associated Press
New York
Great Britain
Northern
Southern
London Metals Prices Reported by AP
London metals prices per Associated Press May 7 show spot and futures for copper tin lead zinc. Copper spot £70 12s 6d futures £71 7s 6d electrolytic tin spot £210 0s 6d futures £210 2s 6d lead spot £25 futures £24 17s 6d zinc spot £32 2s 6d futures £32 12s 6d.
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London Metals
Associated Press
London
Call Money in New York Rates and Terms
New York May 7 call money firm high five percent low four percent ruling rate four percent closing bid five percent offered at five percent last loan five percent. Call loans against acceptances four percent. Time loans firm mixed collateral sixty and ninety days five percent four and six months five and a half percent. Prime commercial paper five and a half percent four percent.
MENTIONED IN THIS ARTICLE
Call Money
Associated Press
New York
Bar Silver Rates across Markets May 7
New York reports foreign bar silver at 67%4c and Mexican dollars at 51%c. London quotes bar silver at 32%d per ounce and money at 1% per cent on May 7.
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New York
London
Wall Street Slumps as Bear Selling Drives Prices Down
Prices fell across the board on the New York Stock Exchange with losses of 1 to 10 percentage points as bear activity, weak marginal accounts, and fraud concerns spurred a broad market decline. Steel and several industrials hit new yearly lows while limited rallies occurred late in the session. Call money rose to 5 percent and demand sterling marked a fresh yearly low.
MENTIONED IN THIS ARTICLE
Associated Press
New York
United States Treasury
la Follette Group
United States Steel Common
Baldwin
American
Common
Preferred
United States Rubber
Pacific Oil
Sinclair
Brooklyn Edison
Rock Island
Columbus Gas
Montana Power
Stewart Warner
Dupont
Stromberg
American Beet Sugar
Bosch Magneto
Associated Oil
Mathieson Alkali
Kelsey Wheel
California Petroleum
Brooklyn Union Gas
Pierce Arrow Preferred
Public Service of New Jersey
Replogle Steel
Woolworth
Central Leather
American Tobacco
Market Decline Signals Readjustment Amid Oil and Metal Pressures
A sharp stock market decline yesterday with occasional rallies driven by recent sellers. Liquidation spread across oils, equipment, rubbers, motors, and steels as oil industry developments dampen holders. Prices expected to trend downward with occasional rallies. reduce long stock holdings. United Verde April production rose to 3,759,160 pounds from March. Gasoline March output set a new high at 630,701,355 gallons. stocks on hand March 31 stood at 1,259,209,171 gallons, up 129 million. A New York Times cable cites London and Europe noting prices have peaked and inflation fears. Copper and silver output rose in March, coal fell, district business up 18 percent from February to March.
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Lauzier-Wolcott
United Verde Corporation
New York Times
Financial London
Europe
Wall Street
America
Ninth
Federal Reserve District
Livestock Quotations From U S Department Report
Chicago May 7 hog receipts 64000 slow uneven down 10 to 25 cents with tops at 8.15 for 160 225 pound hogs. other hog weights and sows varied. Cattle receipts 19000 beef steers stockers feeders firm to higher early top 10.25 with bulk 8.50 9.65. veal and bulls mixed. Sheep receipts 19000 generally steady to firm with 87 pound lambs at 12.85 and 14.40 for native ewes and woolled lambs sold or pending.
Omaha U S Dept of Agriculture Hog and Cattle Market Report
Omaha May 7 hog receipts 12 000 slow with prices 25 cents lower. Bulk 190 to 240 pound butchers to ship per s seven 25 top seven 25 part load early seven 40 bulk 240 to 25 pound butchers to packers seven 05 seven 10 packing sows six to six 10 stags. Cattle receipts 6 500 moderately active beef steers up 10 15 cents strongest light weights heavy up little top nine 50 yearlings nine 25 bulk eight to nine cows and heifers six to seven fifty butchers veals top eleven stockers and feeders up 10 16 cents with top feeders eight fifty. Sheep receipts 11 500 spring lambs steady early top California springers fifteen natives fifteen fifty fed clipped and wooled lambs fourteen fifty to fifteen twenty
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Omaha
Associated Press
U. S. Department of Agriculture
California
Sales Report From Wool Market Drops Across The Board
The market shows fed clipped and wooled lambs down 15 to 25 cents, top wooled lambs at 14.50, sheep fully 25 cents lower, top shorn ewes at 7.50, and shearing lambs holding strong around 14.75 to 14.90.
Cattle and Hog Market Report From Sioux City Iowa
Sioux City Iowa May 7 cattle receipts 2200 active with strong demand for fat steers yearlings and stockers prices ranged from 7.50 to 9.75 for selected cattle bulk 7.75 to 8.75 for typical stockers and feeders cows and heifers 5.50 to 8.25 veals 5 to 10.50 bulls 4.50 to 5.00 feeding stockers 6.50 to 8.00 hogs receipts 7000 market 25 cents lower top 7.25 bulk 6.90 to 7.10 lights 7.10 to 7.25 butchers 7.00 to 7.10 mixed 6.75 to 7.00 heavy packers 5.50 to 6.00 stags 4.75 to 6.50 sheep not quoted.
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Sioux City
The
Associated Press
Iowa
Kansas City Market Report Cattle Hogs Sheep May 7
Cattle receipts total 10 000 with calves 2000 beef steers mostly steady top 9.50 others 7 9.40, stocker and cows steady to strong. Hogs receipts 28 000 packers bidding 7.50 7.60, bulk 7.40 7.55, few 7.60 7.65, packing sows 6.25 6.35. Sheep receipts 3 009 lambs steady to 10 cents higher, best wool skins 14.90, top clippers 12.75, shorn Texas wethers 8.40 8.75.
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NEW York Stock Exchange
Lauzier-Wolcott Company
Atchison
Allis-Chalmers Mfg
American Car and Foundry
Bosch
American International
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Austin Nicholls
Anaconda
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Bethlehem Steel
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Eereeeeeres
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Cerro de Pasco
Paul
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Houston
Linois Central
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Kelly- Springfield
Tennecott Copper
Salsville & Nashville
Montana
Miami Do
New Montgomery Ward
York Central
New Haven
Norfolk
National Enamel
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Pennsylvania Railway
Pierce-Arrow
Republic Iron and Steel
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Seneca Copper
Sewer
Southern Pacific
Eee
Tower Ee
Southern Railway
Sinclair Oil
Eeee
Seee Ee
Studebaker Company
Seer Eee
Sloss Steel
Seeee Ve
Stromberg
Texas Pacific Coal and Oil
Texas Company
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Enesens Ae
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Enee
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Vanadium Corporation
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New York
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Kansas City
Associated Press
United States Department of Agriculture
Cattle and Hog Market Summary at St Paul May 7
May 7 report from St Paul and South St Paul shows cattle receipts 2700 with market steady to steady for common beef steers at 6.50 to 9. Bulk 7.50 to 8.50. cows and heifers 4.50 to 8.50. canners 2.75 to 4.75. bulls 4 to 4.75. Calves receipts 1200, best lights 7.50 to 8. Hogs 9500 with prices 5.75 to 7.60, lot 7.25 to 7.50. heavier butchers 7.00 to 7.10. sows 5.75 to 6. stags 4.75 to 5.25. Sheep 300 receipts mostly steady. direct to packers today.
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ST. Paul
Associated Press
United States Department of Agriculture
South ST. Paul
Denver Market Report Cattle Hogs And Sheep Prices
Denver market report shows cattle receipts 2250 steady to 25 cents higher with beef steers 7.00 to 8.75, cows and heifers 4.50 to 8.35, calves 4.50 to 13.50, stockers and feeders 6.50 to 8. Hogs receipts 1449 down 0 to 26 cents with top 7.50 and bulk 7.07 to 7.35. Sheep receipts 5076 steady to weak with lambs 13.75 to 14.65, feeder lambs 13.25 to 14.25, ewes 7 to 9.25.
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The
Associated Press
Denver
Los Angeles Livestock Prices Report May 7 1940s
Beef and hog markets show receipts around 6 000 cattle 2 000 hogs and 1 800 sheep with varied grade prices. Beef steers bring 6.60 to 7.50 per hundredweight, cows 3.50 to 5.75, calves 9.50 to 11, hogs 6 to 9.25, lambs 8 to 12.75, yearling wethers 9.5 to 10, and ewes 7 to 7.5.
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Los Angeles
The
Associated Press
Federal State Livestock News Service
Cattle Hogs and Sheep Prices Mixed in Portland Market
Portland May 7 cattle demand strong to 50C higher with 1,245 receipts. Steers to 9.25, prime yearlings to 9.50, cows 4.25 to 7.25, canners 1.75 to 4.25. Hogs receipts 4,392 with 25C decline. light primes 8.50 to 8.85, heavy 7 to 8.75, fat pigs 8.50 to 8.75, feeders 8.50 to 8.75. Sheep receipts 540. spring lambs 11 to 12, medium 10 to 11, kind 8 to 10, yearlings 9 to 10, wethers 7 to 8, ewes 2 to 6.50.
MENTIONED IN THIS ARTICLE
Portland
The
Associated Press
Ore
Spokane Cattle Receipts Steady Market May 7
Spokane reports cattle receipts totaling 122 with the market steady. Prime steers bring 8.25 to 8.75, good to choice 7 to 8, medium to good 6 to 6.75, and fair 6.00.
MENTIONED IN THIS ARTICLE
Associated Press
Spokane
Market Report Prices for Cattle Hogs and Sheep
Cattle prices range from canners at 2 to bulls 4 5 with medium to good 4 5.25 and good to choice 5 6. Veal calves sell heavy 7 to 9 and light 9 to 11. Hogs receipts 700, market steady with prime mixed 8.5 to 8.75 and heavies 5.5 to 8. Sheep receipts none, market steady.
Strawberries Arrive From Florin For Early Market
A car of strawberries arrived yesterday from Florin in excellent condition. Varieties Plum and King Dollar led the shipment as early fruit for the season. More cars from Florin are expected soon, with TDallars and others to follow. Robbers yesterday delayed Florida tomato arrivals but a fine southbound car reached Butte. Arkansas berry prices have risen since opening quotes, and berry shipments will likely come from California until supply grows. Preparations for Market Week visitors continue as trade groups support a successful initial effort in Butte.
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Florida
Butte
South
Arkansas
California
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