Markets and farming notes from Chicago trading floor May 10
Corn prices rose on bullish sentiment after a softer opening led by commission house buying. July futures moved to about 1.74 to 1.75 with September near 1.62 to 1.63 as reports of Argentine embargo talk and Canadian wheat strength supported gains. Oats rallied after an initial drop, while provisions remained dull. cash quotes for wheat, corn, oats, rye, barley, and seeds listed alongside pork, lard, ribs, butter, eggs and receipts.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Livestock Market Report May 10
Livestock receipts: cattle 21,000 hogs 62,000 sheep 6,000. Cattle steady to 25 cents lower with heavy weights slow. calves steady. Hogs mostly 10 to 25 cents higher. top early $15.60 with bulk $15.25 to $14.50 for larger weights. Sheep prices generally higher. best lambs around $19.50 and yearlings about $15.
Spokane Market Summary Hogs Cattle Lambs Prices
SPOKANE May 10 Hogs receipts 57 market firm prime mixed 15.75 16 medium mixed 15 15.50 rough heavies 13.25 15 pigs 14 16.50 stockers and feeders 13.50 14.50. Cattle receipts 72 market steady prime steers 12 13 good to choice 10.50 11.75 medium to good 9.2 10.25 fair to medium 8.25 9.25 common to fair 7 8 choice cows and heifers 10 11 good to choice 8.50 9.50 medium to good 7.5 8.5 fair to medium 6.50 7.5 canners 3.5 5.75 bulls 6.5 8.5 calves 9 17 stockers and feeders receipts 1795 market 4y prime lambs 15.25 16.25 to medium 12.50 13 prime lambs 13 13.50 prime wethers 13 best mutton ewes 7
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Spokane
Omaha Hogs Cattle and Sheep Prices See Mixed Moves
Omaha May 10 hogs receipts 13 000 market for early sales steady to strong closing weak 15 25c lower bulk medium and light 14 to 14.80 top 14 14 50 14 . Cattle receipts 6 500 market on steers strong bulk of sales 11.25 to 12.75 slaughter stock 15 25c higher veal steady stockers and feeders 25c higher. Keen receipts 6 000 clipped lambs 15 2ic higher best 18 bulk 17.35 to 17.75 spring and woolled steady best California 20 other classes steady.
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Chicago
Omaha
T. Strong
California
Market Rates and Bonds in New York and Boston Stocks
New York reports show Sterling firm with 60 day bills at 3.78 to 3.87 percent, demand near 4.83, and cables around 3.83. Francs and guilders exchange rates listed, with Lire and Marks near stated levels. Government and railroad bonds steady, call money around 7 percent, and Boston stocks referenced.
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NEW _ YORK
Mercantile
Sterling
Ahisae
Boston
Oil and steel stocks rally then ease on NYSE trading
Speculative issues especially oils and steels show intermittent strength in today's New York Stock Exchange session with about 850000 shares traded. Oil stocks rally on higher crude and refined product prices while rails and copper shares gain early. late session weakness follows tightening call money and mixed industrial news.
MENTIONED IN THIS ARTICLE
New York
Ree
Allied
American Cotton Oil Company
American Linseed
Virginia-Carolina Chemical
Reading
Texas & Pacific
Baldwin Locomotive
American Woolen
Callimnoney
London
Clearing House
Federal Reserve Banks
Crucible Steel
Mexico
United States Steel
Wall Street Flashes Heilbronner On Stock Inventories
A Heilbronner Company note reports inventories of about a dozen major industrial firms rising 133 percent from roughly 200 million to 463 million since before the war. The gain is seen as cost per unit driven, not a large volume increase, with rumors that stocks likely to pay dividends are scarce and prices spike when short-interest is high. Bear market pressure remains due to crop outlook, credit strain, wage gains, and rail delays.
MENTIONED IN THIS ARTICLE
Wall Street
Heilbronner Company
Market Strategy Weighs Break and Rally Purchases
Speculative consideration grows for trading through breaks and rallies in a market position focused on purchases only during strength. Analysts believe that apart from special issues, the broad list will stay within a limited range for now.
Cuba Sugar Trade Gains Amid High Prices And Speculation
Cuba grows rich from sugar production at elevated prices as speculative interests on the New York Stock Exchange buy Cuban stocks. Punta Alegre and other sugar varieties show a widening bull stance due to shortages, with no relief expected for a year. The government has no control over sugar producer prices.
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Cuba
Island
New York
Punta Alegre
Rail financing lures investors with hefty rate rise bets
Rail shares attract buyers amid large financing moves and expectations of at least 25 percent freight rate increases. Strong investor interest centers on rail companies likely to benefit from higher freight charges and expansion plans.
Stock dividends raise asset values amid bullish market tone
The increasing asset values behind industrial issues are boosted by multiple stock dividends, which may lure speculative enthusiasm. The market could react to broad favorable influences while remaining wary of inflated commodity prices. Bulls now face a shift in mood as bears emerge as the market’s new foes.
Market drifts into trading affair amid rail and specialty focus
Market behavior shows a drift toward trading with bullish attention centered on a few specialties and rails. Fundamentals remain steady for the list as a whole and conservative actions are advised while recovery limits are determined.
Market outlook favors further price recovery and bumps for specialties
The stock market shows a good technical position warranting more gains. Specialty issues will be advanced when opportunities arise. Credit conditions remain tight and labor troubles appear unsettled with potential difficulties ahead.
Rumored Consolidation Bumps Great Northern Ore Interest
Well-informed steel channels report Great Northern Ore accumulating for interests believed linked to a rumored consolidation of independent steel and manufacturing firms.
MENTIONED IN THIS ARTICLE
Great Northern
Market Sale After Auction Ends
A market transaction concluded with the property sold to a purchaser following an auction. Details indicate transfer of title and payment completion under applicable local sale laws.
Sluggish Stock Movement Amid Market Slump
May 10 Heilbronner Company reports extremely dull trading with limited activity in Royal Dutch Shell and Pan American. Mexican Petroleum weak after brief strength. United States Steel declines. Copper and antimony steady to quiet. rails firm with Texas & Pacific leading. Tax plans loom, market cautious. New York copper and tin markets show subdued activity.
MENTIONED IN THIS ARTICLE
Heilbronner Company
Royal Dutch
Shell Transportation
Mexican Petroleum
Pan- American
Carranza
Mexican
Onstock Thorn
United States Steel
Baldwin
Texas & Pacific
Southern Pacific
Reading
Southern Railway
Missouri Pacific
New Haven
Pittsburg & West Virginia
St. Louis
San Francisco
New York
Mheilbronner Company
Alaska
Atlantic
Gulf & W
Mo Satan
American Mons Sugar
American Sugar Refining
Atchison
Baldwin Locomotive Coruaae
Bethlehem Steel
Baltimore & Ohio
Bosch Magneto Wee
Brooklyn R. Teer
Butte & Superior
Butte Copper and Zinc
California Petroleum
Sok
Canadian Pacific
Central Leather Seer
Chesapeake & Ohio
Tee
Chi Mil & St. Paul Ak
Kicag Rock Island
Chandler Motor
Chile
Keystone Tire
Ceeeeeers
Lackawanna Eee
Lee Tire
Ecee
Maxwell Motors
Miami Copper
Midvale Steel
Missouri Pacific Ee
Nevada
New York Central
NH & Tee
Northern Pacific
Nova Scotia Steel
Ohio Cities Gas
Pennsylvania
Pittsburg
Pond Creek
Teeee - BT
Republic Iron and Steel
Shattuck-Arizona
Sinclair Oil Refining
Southern Pacific Tewer
Southern Ailway
Stromberg
Studebaker Company
Texas S
Company
Pacific
Texas & Tobacco Products
Union Oil
Union Pacific
United Alloy Steel Nee
United Fruit Screene
United Retail Stores
Ieee 1 & Food Products
U S. Smelter & Refining
U. S. Steel
Utah Copper
Virginia-Carolina Chem
Wabash Beac
Ity Westinghouse Serene
White Motors
Willys-Overland
Worthington Pumps
Liberty
Ceeneee
Sugar prices advance in refined and centrifugal markets
New York on May 10 reports raw sugar at 19.56 cents per pound for centrifugal sugar. Refined sugar remains unchanged to higher with fine granulated at 17.50 cents per pound.
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New York
Mines and Mining News From Idaho and Nevada
Latest from the Pope Shenon mine near Salmon Idaho indicates the volatilization plant will be ready in days with the Cotterell miners fully installed though a few connections remain before ore treatment begins. Also reported is the sale of the Uncle Sam Consolidated at Eureka Nevada to a San Francisco group with development plans to extend the tunnel deeper on Prospect Mountain.
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Pope- Shenon
Salmon
Idaho
Uncle Sam Consolidated
Eureka
Nev
San Francisco
Prospect Mountain
Hamburg
Emma Croesus
Helen Mortimer
Nabob Consolidated Mining Company
Spokane Chronicle
Neimart Company to Drive Adit Tunnel at Cascade Mines
The Cascade Mines and Mills plans a 300 level tunnel south for adit conversion, expected to cut operating costs by 5000 dollars monthly. H L Maury, visiting Butte, notes the drift follows the Moulton vein with a 250 foot ore shoot over 200 feet long. ore in the 140 foot level has been found, valued at about half a million dollars. The 700 foot level is said to contain richer ore than earlier workings.
MENTIONED IN THIS ARTICLE
Cascade Mines and Mills
H. L. Maury
Butte
Moulton
Maury
Neihart
Bar silver and currency rates across New York and London
New York reports bar silver at 1.04 3/4 dollars per ounce with Mexican dollars at 78 1/2 cents. London quotes bar silver at 61 1/4 pence per ounce money and a discount rate of 6 1/2 percent for three month bills at 5 11/16 to 6 percent.
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New York
London
Market Roundup South St. Paul Livestock May 10
Hogs receipts 9,500 with prices 20 to 25 cents higher, range about 14.50 to 14.65, bulk 14.50 to 14.60. Cattle receipts 2,700 with market weak to 25 cents lower. fat steers 7 to 13.50, cows and heifers 6.50 to 11.75, calves 4.50 to 10.50, stockers and feeders 5 to 12.50. Sheep receipts 800, market steady. lambs 8 to 20, wethers 12 to 14.50, ewes 4 to 4.75.
MENTIONED IN THIS ARTICLE
South ST. Paul
Horoscope Notes Favor Iron and Steel Builders and Physicians
Mars dominates planetary rule and Sun is adverse. Enterprise in mechanical fields likely to advance with great activity. Engineers builders and workers in iron and steel may benefit. Physicians prosper but will rethink ideas as discoveries on thought forces emerge. A famous general may appear publicly but not win top public honors. Arrogance among leaders and unfair dispensing of favors may lead to a fall.
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McClure
Mars
Predictions and unrest mark uncertain year ahead
The passage warns that women and men may overvalue themselves amid inflation of personal value. It notes Bacchanalian feasts, urges restraint, and says current laws won t be changed. Foreboding disorders in the Transvaal loom, war era books will appear slowly, rail strikes threaten, and birthdate folks face an active but not wholly profitable year.
MENTIONED IN THIS ARTICLE
Transvaal
Janitor service for three courts resumed in Silver Bow
Three district judges ordered Sheriff John K. O Rourke to hire two janitors at six dollars per day after county commissioners failed to provide attendants for the Silver Bow courthouse. Two former janitors were rehired. The order lasts as long as needed.
MENTIONED IN THIS ARTICLE
Silver Bow
John K. O'Rourke
County of
Schools to Hold Arbor Day Classes Tuesday
Most Silver Bow county schools will conduct classes on Arbor Day Tuesday with no early dismissal. County superintendent Nellie Small said Arbor Day is customary but not a legal holiday, so schools observe the day while keeping normal schedules.
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Silver Bow County
Nellie Small
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