Export Outlook Lifts Wheat Prices on Bullish Trade Cues
Wheat futures rose as export optimism from Britain and France buoyed markets, with July at 1.15 and September 1.13 dollars. Canada’s shrinking wheat supply and improving Gulf demand supported gains despite rain denting winter crops. Corn and oats posted small advances. provisions rose on higher hog prices. Cash quotes show no sales for wheat. other grains varied.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Great Britain
France
Steel stocks slide as bears push market lower at close
Heavy selling hit the New York Stock Exchange with steel shares leading losses. United States Steel and Bethlehem Steel neared year lows, Studebaker fell below 110 then recovered, while copper and zinc issues reflected mixed reactions. Call money held at 4 percent as markets eyed a potential 6 percent level.
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Associated Press
New York
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Otis Elevator
Call
Trading Market by New Weakness In Stocks and Copper
The market showed ongoing covering moves with weakness in some shares like Studebaker. Copper prices eased further below six months ago while large buyers held back. Foreign exchange quotes were irregular with multiple European and Latin American currencies listed.
MENTIONED IN THIS ARTICLE
Lauzier-Wolcott Company
American Can
California Petroleum
Studebaker
Metal Exchange
Motherlode Coalition Mines Company
Manhattan Institute
Oklahoma
Kansas
Derick
Sugar futures close steady on light refined demand
Sugar futures in New York on May 15 closed steady with about 13,000 tons traded. July at 6.18, September 6.23, December 5.70, March 4.56. Refined sugar demand remains light due to unseasonable weather, though withdrawals on old orders stay fairly strong. Fine granulated sugar unchanged at 9.75 to 9.90.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Metal Market Update From New York May Fifteenth
Copper easy with spot and futures at 15% 15c. Tin steady at 42.12 dollars. Iron prices unchanged. Lead steady with spot to 7.25 cents. Zinc steady at East St Louis near delivery 6.60 cents. Antimony spot at 7.50 cents.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
London Metals Report May 15 Prices For Copper Tin Lead
London metals market update lists standard copper spot at £65 10s and futures at £66 5s. Electrolytic copper spot £75 futures £76. Tin spot £197 7s 6d futures £195 12s 6d. Lead spot £25 2s d futures £24 12s 6d. Saace £29 10s futures £29 3.
MENTIONED IN THIS ARTICLE
London Metals
The
Associated Press
London
Bar Silver Prices Report Amid Market Shifts
London May 15 bar silver quoted at 879 16p per ounce money 1 1 percent. The Associated Press notes market shifts with silver holdings and currency effects influencing price.
MENTIONED IN THIS ARTICLE
London
Call money rates steady at 4 percent in New York
The report notes call money steady at 4 percent with a ruling rate of 4 percent and last loan also at 4 percent. Call loans against acceptances stand at 4 percent. Time loans show easier terms with 60 90 days at 5 5 percent and 4 6 months at 5 5 percent. Prime commercial paper quoted at 5 percent.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
Ewes Averaging 12 Dollars Sold in Humboldt County
In Humboldt County approximately 7 000 unsheared breeding ewes were sold at an average price of 12 per head. About 2 000 head sold at 13 each. The flock heads to Fossil Wyoming for lambing soon.
MENTIONED IN THIS ARTICLE
Reno
Nev
Humboldt County
Fossil
Wyo
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