Markets Report Depicts Heavy Selling in Wheat
Chicago May 7 heavy selling by traders anxious to preempt a potential crop report influenced prices. Wheat fell 1% to 2% with May at 1.64 1/2 and July 1.52 2/3, corn and oats down, hogs up 2 to 22 cents. Report discusses spring wheat acreage down 15.3% and forecasts Kansas yield under 91 million bushels, export demand weak, and overall market softening despite a late rally.
MENTIONED IN THIS ARTICLE
Chicago
United States
Kansas
Tate
Europe
Heavy buying lifts public utilities on New York Stock Exchange
The Associated Press reports heavy buying in public utility issues pushing many to year highs amid rumors of recapitalization higher dividends and new combinations. Gains in Montana Power and United States Steel contrast with declines in American Express and Worthington Pump as market totals show mixed rotations and steady call money.
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Associated Press
New York
Power and
Standard Industrials
Ra's
Utah Securities
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Federal Light and Traction
Pacific Gas and Electric and
Pitts- American Can
United States Steel Common
Ann Arbor Common
Seaboard Airline
Common
Preferred
Wabash Common
Gulf
Mobile
Northern Common
Standard Oil Company of
New York City
American Sumatra, Tobacco Company
Dodge Brothers
American Express
Worthington
NEW York Stock Exchange
Lausier, Walcott Fe Co
Public Utilities Hold Attention in Wall Street Roundup
Trading remained heavy near 2,000,000 shares with prices rising though gains cooled by profit taking. Washington signals of a $300,000,000 government expense cut in 1921 buoyed sentiment as Federal Light and Traction hit records and rail stocks advanced on first quarter earnings bets. Copper, zinc, lead, and sugar markets showed mixed moves as foreign exchange steadied and London metals held firm.
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Washington
Coolidge
Federal Light and Traction
Continental Motor
Wabash
Kansas ‘City
Rock’ Island
Seaboard
Katy
Livestock Prices Across Markets May 7
Chicago hog receipts 23,000 with most prices 0.40 to 0.60 higher, top hogs at 12.10. Denver and St. Paul reports mixed gains with hogs about 0.50 higher, cattle and calves steady to firm, sheep dull, lambs weaker. Sioux City and Portland offer lighter cattle demand, hogs firm to higher, cows and bulls mixed. Local markets show varied bids, with steers around 9 to 10.50 and fat lambs uneven, reflecting regional demand.
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Associated Press
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California
ST. Paul
the Associated Press
South ST. Paul
Minn
Fortland
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Ore
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thTehem Ag
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