World Markets Show Mixed Tone as May Trading Opens
May 14 digest notes brighter morning for stocks but cautious demand waned. Steel and iron stock strength fades with late market weakness. foreign exchange moves and gold price shifts signal unsettled conditions. Bond market broad yet irregular with notable US issues advancing modestly amidst global trade and commodities activity.
MENTIONED IN THIS ARTICLE
New York
Tham
United States
E'S Row
Northwest
St. Paul
Argentina
London
Bank of England
Paris
Metal markets mixed as London prices drag US futures lower
May 14 reports show declines in London tin and copper prices pulling London futures down. Copper and tin weakened in London while New York quotes remained soft or steady. Lead and spelter eased in London with local stability in New York, iron weak, and Northern and Southern foundry prices quoted in dollars and cents.
MENTIONED IN THIS ARTICLE
New York
London
Tower
Lowes
Glasgow
Middlesboro
Northern Foun Ry
Northern Foundry
Southern Foundry
Money Market Rates Show Mixed Movements May 14
Money on call eased to 24 2 per cent and closed at 242% with time loans steady. Days to run at 24 4 per cent, 9 days % 1, 6 months 44% per cent. Sterling at 488 for demand and 485 for 60 days. Commercial bills 4844 1S4%q. bar silver 8 1 2 c. Government and railroad bonds firm and regular.
MENTIONED IN THIS ARTICLE
New York
Mercer
Sterling Exchange
Chicago Market Report Cattle Hogs Sheep Prices Mixed
May 14 market notes slow cattle demand with good to prime steers at 54 75 to 5 50 and cows to 4 60. Hog receipts 21 000 with prices around 6 49 to 6 56. sheep and lambs weak with wethers to 5 50 and native and western lambs near 4 50.
Cattle and Hog Markets Reported Steady Across Kansas City
May 14 cattle reports show 4 000 head including Texans with market steady. Native steers 3.50 to 5.25, Texas and Indian steers 0 4 50, Texas cows 2.07 to 3.50, stockers 4 75, calves 2.50 to 7. Hogs receipts 1 200 weak to lower. best sales 6.20 to 6.45, heavy 6.5 to 6.00, light 6.10 to 6.25. Sheep receipts 8 000, market steady to weak. muttons 3.80 to 5.70, lambs 4.90, ewes 3.75 to 5.50.
MENTIONED IN THIS ARTICLE
Kansas City
Texas
Ekers
Ight
Uwi Loples
New York Cotton Prices Hit Longtime Records
In New York the cotton market reached new season highs with July at 10.9 cents and August 10.67 cents in early trading, May at 10.40 cents, and May contracts totaling about 8.53 bales for delivery with a market value over 58 dollars per bale. Liverpool reports warn of a lively day as spot cotton climbs a full dollar per bale. Total cotton on hand and running counts reach 120000 bales, with potential closings valuing around five million dollars.
MENTIONED IN THIS ARTICLE
New York
May
Liverpool
London Money Markets Reported Mixed Consols and Stocks
London trading shows Consols for money at 9245 and consols for account 925-16 as investors note slight activity. Stocks cited include Atchison 15-, Aitchison preferred 79,4 with U S Steel around 3549 and United States Steel preferred Sty. Bar silver holds firm at 2d per ounce.
MENTIONED IN THIS ARTICLE
London
Anaconda
Atchison
Aitchison
Baltimore & Ohio
Canadian Pacific
Southern Pacific
Union Pacific
Uni Pacific
United States Steel
Treasury Statement Highlights Cash Balance and Issues
Washington May statement shows a valuable cash balance of 221 million 707 thousand 717 dollars and an outstanding balance of 106 thousand 824 hundred 550 dollars.
MENTIONED IN THIS ARTICLE
Washington, May
W&m
the Treasury
Chicago Markets Wheat and Corn See Mixed Day Trade
Chicago May 14 Wheat traded dull with brief climbs as May and July fluctuated. May closed around 66 and July near 72 1/2 to 73 1/4 cents, helped by French crop damage news and home crop concerns. Corn eased with July near 54 to 55 cents, oats steady lighter, and provisions weak early though hog receipts and packers supported later prices.
MENTIONED IN THIS ARTICLE
Chicago
Commission House Shorts
France
T&e
Wheat and barley futures steady in San Francisco trading
San Francisco grain market reports wheat steady at 1.27 per bushel and barley steady for December contracts amid mixed trading conditions.
MENTIONED IN THIS ARTICLE
San Francisco
Tomb of a King of Thebes Unearthed in Egypt
The Baltimore Sun reports American archaeologist T. M. Davies uncovers a new Thothmes IV tomb in Thebes. Rich wall paintings, a granite sarcophagus, and mummies reveal 3500 year old royal offerings and evidence of an earlier robbers’ plunder and later restoration by Hor-em-heb era officials.
MENTIONED IN THIS ARTICLE
Baltimore Sun
T. M. Davies
Thebes
Egypt
Thothmes IV
Cairo Museum
Amenhotep II
Mr. Davies
Hor-em-heb
Grain prices and quality observations note mixed quality
Readable fragments show flour quality dull and varying grades for Spring Wheat, corn, oats, rye, barley and malting barley. Mentions No 2 Spring Wheat TS 7THtec No 8 1279 No 2 784 TShe corn No 7 ef wc No 2 oats and No 3 white barley and rye notes good feed and malting quality ranges.
Rothschild recalls Waterloo signal via Dutch paper
Leopold de Rothschild spoke at the Newspaper Press Fund dinner in London recalling how his family learned of Waterloo. He recounted a Dutch newspaper line announcing a Great Victory of the English at Amsterdam and how his grandfather relayed the news to Lord Liverpool, amid prior doubts about the timing.
MENTIONED IN THIS ARTICLE
London Mail
Leopold de Rothschild
Newspaper Press Fund
Hotel Metropole
House of Rothschild
Amsterdam
Treasury
Liverpool
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