Wheat Prices in Quoden Collapse on Market Panic
Chicago May 10. Wheat prices plunged sharply by about 70 cents as selling overwhelmed demand. A weak government crop report and forecasts of widespread rains spurred losses, with corn and oats following the decline and provisions easing on pig market weakness. Moscow wheat shipments from Duluth added bearish pressure as Chicago futures slid toward session lows.
MENTIONED IN THIS ARTICLE
Chicago
Kansas
Duluth
Winnipeg
Metals Market Reports Mixed Copper Tin Lead Zinc
New York May 10 copper steady both spot and futures at 14%c. Tin steady with spot at 51.87 and futures at 51.62. Iron quiet and unchanged. Lead steady with spot New York at 6.10c and East St. Louis at 6c. Zinc firm with East St. Louis spot and futures at 6 6.02c. Antimony at 11.37e.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Irregularities Mark New York Stock Market Session
The Associated Press reports mixed sentiment as stocks closed irregular after a flat Fed rediscount rate at 4 percent. Volume slipped to 3,624,300 shares while brokers loans rose to a fresh high of 4,361,108,000.
MENTIONED IN THIS ARTICLE
Associated Press
New York
New York Federal Reserve
Federal Reserve
United States Steel Corporation
General Motors
Bucyrus-Erie
International Harvester
Southwestern
Curtiss
Wright
Drug Incorporated
Electric Auto Life
Howe Sound
Cocoa Cola
Armour
Arthur W. Cutten
Chicago
Allied Chemical
Atlantic Refining
Houston Oil
Marine Preferred
Pathe
Victor Talking Machine
Missouri Pacific
Great Northern
Livestock Prices Mixed Across Chicago and Midwest Markets
USDA reports show hog receipts 29,000 in Chicago with 15 to 25 cent drops on light lights and pigs and varied declines across sizes. Cattle and calves run strong with steers and heifers mixed, fat cows steady, and veal values steady to higher. sheep and lambs broadly steady to lower across St Paul and Omaha reports.
MENTIONED IN THIS ARTICLE
Associated Press
South ST. Paul
United States Department of Agriculture
Denver Meat Market Report Stronger Steers Dominant Prices
Cattle receipts 6000 with 100 car lots mostly through saleable steady. Fat steers 1277 pounds sold around 13.25 per hundred, other steers 1 031 to 1 277 pounds. Hogs receipts 2000 with slow sales 9.55 to 9.65 per hundredweight. Sheep 1300 lambs active 14 to 16 dollars per head for light clipped lambs.
MENTIONED IN THIS ARTICLE
Associated Press
Denver
United States Department of Agriculture
California
Livestock Markets Report Across Pacific Northwest
May 10 reports from Spokane Portland and Seattle show cattle receipts around 176 in Spokane and 30 in Portland with no early sheep trading. Hog receipts were 166 in Spokane and 120 in Portland with prices mostly steady to 10.50 for light butchers in Portland. Seattle noted steady movement with cattle 74 hogs 792 and sheep 551.
MENTIONED IN THIS ARTICLE
Spokane
Associated Press
Portland
The
United States Department of Agriculture
Seattle
Refined sugar prices hold steady in New York trading
In New York on May 10 refined sugar quoted steady at 5.95 to 6.00 cents per pound for fine granulated. Demand stronger for prompt shipment. Futures quiet with approx 36,300 tons traded: May 2.63, July 2.74, September 2.85, December 2.93, March 2.81 cents.
London metals prices report May 10
Copper standards and electrolytic show spot and futures levels in London with copper futures at £61 17s 6d and £67. Tin spot and futures quoted at £234 2s 6d and £232 12s 6d. Lead spot £20 7s 6d with futures at £20 0s 0d and £26 5s.
MENTIONED IN THIS ARTICLE
London
Market Commentary by Logan and Bryan on May Market Moves
Mixed movements dominated trading with 6 percent call money pressure and a steeper steel tonnage drop. A 5 percent call money rate sparked a rally in steel and independents before late selling hit General Motors Radio and other favorites, while oil shares faced uneven demand and copper firmed on a favorable metal outlook.
MENTIONED IN THIS ARTICLE
New York
General Motors
Pennsylvania
Grain Letter Chicago May 10 Wheat and Corn Decline on Stops
Government crop figures largely confirm May 1 bullish estimates but fail to spark demand. Wheat falls as stop orders and selling pressure dominate. some short covering and buying at lows. Corn holds up well with good cash demand amid large deliveries and reduced yield estimates. Oats show firming with a strong cash trade and futures rally. Rye jumps on bullish figures but still under private estimates.
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Minneapolis
Montana
Chicago
Commission House
Fair Commission House
North America
India
Black Sea
Liverpool
Icoff
Potatoes Receipts and Prices Across States
Receipts reach 135 cars on track with 294 total shipments of 750 cars. Market softens slightly as old stock demand slows. Wisconsin sacked round whites quoted 1.40 to 1.60, Idaho russets around 1.50, Montana russets 1.25 with light demand. Bliss Triumphs in Louisiana and Texas around 3.25 to 3.70, Florida Spalding Rose barrels near 5.50.
MENTIONED IN THIS ARTICLE
Associatedress
Chicago
United States Department of Agriculture
United States
Wisconsin
Idaho
Montana
Louisiana
Texas
Bliss
Florida
Spalding
Butter and Eggs Prices Report from Chicago May 10
Butter receipts show 6 528 tabs with creamery extras at 43c and standards 42c. Eggs receipts total 22 635 cases with firsts at 29 30c and ordinary firsts at 27 28 1/2c. Storage packed extras 32c and firsts 31 1/2c.
MENTIONED IN THIS ARTICLE
Chicago
Call Money Market Report May 10
Call money easier with high 6, low 5.5, ruling 6, closing bids 5.5s. Time loans firm with mixed collateral 60 to 90 days at 5. Prime mercantile paper quoted at 4.2. Bankers' acceptances unchanged.
MENTIONED IN THIS ARTICLE
Associated Pres
New York
Prime Mercantile
Hansen Packing Co hog prices quoted in Butte list
The Hansen Packing Company of Butte lists hog prices paid: Choice 10c, Medium heavy 8.2 to 9c, Extra heavy 7.9 to 8c, Lights 5.5 to 6c, Extra lights 7.4 to 8c.
MENTIONED IN THIS ARTICLE
Hansen Packing CO
Hansen Packing Company
Butte
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