Wheat market swings amid futures selling and hedging
Market report notes heavy selling of future delivery contracts driving wheat prices lower in May with mixed quotes in Chicago and gains in corn. Spring wheat conditions show moisture, favorable early Minnesota and South Dakota crops, with North Dakota and Montana seeding nearly complete. North American export demand remains slack, and European shipments are forecast high but unsettled. Minnesota grain prices list No 1 northern and spring options, with modest rise in certain months.
MENTIONED IN THIS ARTICLE
Minnesota
South Dakota
North Dakota
Montana
North America
Europe
Chicago
Minneapolis
Kane
Egg and Poultry Prices Drop at Chicago Market
The Associated Press reports May 17 in Chicago that eggs show lower prices with receipts of 20 743 cases and firsts at 26 27 cents and storage packed extras at 30 4 cents. Poultry moves weaker with alive receipts of 10 cars and fowls at 23 26 cents, broilers 32 46 cents, turkeys 25 cents, roosters 16 ½ cents, geese 14 cents, ducks 18 cents, spring ducks 28 cents.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Market close unsettled as rate rise follows wild session
New York May 17 The anticipated rise in the Fed rediscount rate came after a volatile stock day with final quotes irregularly higher. Activity cooled from earlier record pace as overnighters’ orders and the higher call money rate triggered swings in Wright, Curtis, American Telephone, and other movers. bonds and loans showed record highs even as banks drew loans and time money rose.
Foreign exchange quotations irregular in cents and francs
Foreign exchanges show irregular quotations in cents with Great Britain at 4.877 and cables at 4.8814. France demand 3.9314 and cables 3.93. Italy demand 5.267 and cables 5.27. Belgium demand 13.95 and Germany 23.9114.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
Great Britain
France
Italy
Belgium
Germany
Sugar market steady as futures hold firm in New York
The refined sugar market remained unchanged at 5.95¢ to 6.00¢ for fine granulated. Buyers limited purchases to near term needs while futures closed steady with estimated May sales at 2.59¢, July 2.71¢, September 2.82¢, December 2.90¢, and March 2.78¢.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Livestock Prices Report From Chicago Market
United States Department of Agriculture reports receipts for hogs cattle and sheep in Chicago. Hogs ranged higher with top around 9.95 for choice 210 pound butchers and varied by weight. Cattle and calves saw steady to higher trade with feeder and beef types noted. Sheep prices remained steady on good to choice grades with lambs and ewes shown in ranges.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
United States Department of Agriculture
Portland
Cattle Hogs And Sheep Prices Steady To Higher At South St Paul
In South St Paul on May 17 reports show cattle receipts 1300 with steers and yearlings trading slow but steady. Hogs receipts 5000 with top at 9.50 and lights selling 9.75 to 9.50. Sheep receipts 200 with good to choice clipped lambs around 14.75 to 15.75 and ewes about 7.8 to 8.}
MENTIONED IN THIS ARTICLE
Associated Press
South ST. Paul
United States Department of Agriculture
Associated Dress
Denver
California
Spokane
Wash
Mixed U S cattle and hog prices reported in multiple markets
Reports from Denver Omaha Seattle Spokane and Portland show cattle receipts around 3 500 head in Omaha and 3 000 in Denver with prices mostly higher for steers yearlings and cows. Hogs top near 9 6 0 with varied weights firm to higher. sheep receipts and prices mixed with California springers and lambs showing gains in some markets.
Hog prices from Hansen Packing Co
Hansen Packing Co of Butte quotes hog prices: Choice 10 cents, medium heavy 9 1/2 cents, extra heavy 7 8/10 cents, lights 5 1/2 cents, extra lights 7 8/10 cents.
MENTIONED IN THIS ARTICLE
Hansen Packing CO
Hansen Packing Company
Butte
Market Nervous Start Then Steady As Banks Call Loans
New York May 17 The market opened nervous and saw considerable liquidation before stabilizing on short covering. Pressure came with a rise in call money from 5 to 6 percent and about 30 million dollars in loans called by local banks. Early losses hit Radio, airplane shares, U S Steel, premier motor issues and several coppers and oils, but these recovered late in the day. Copper futures were reported at 14 today with July delivery favored. Gasoline prices rose 11 15 cents a gallon to 15 15 for low grade and 215 for high grade in Minneapolis, lifting regional prices above winter levels.
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New York Federal Reserve Bank
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Curtis
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Ford Organization
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By-Products Coke
Equitable Office Building
International Agricultural Chemical
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South Porto Rican Sugar
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Minneapolis
Wheat Market Pressures and Mixed Crop Outlook in Chicago
The Chicago wheat market faced liquidation as prices fell amid weak export demand and gains only from small rains in the Northwest. Receipts were moderate with Duluth transfers. Canada and Europe expected to supply future needs. Corn stayed firmer with steady cash basis and 90,000 bushels sold, while oats held firm to modestly lower and rye followed wheat trends.
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Chicago
Northwest
Europe
Fair Commission House
Metals Market Brief Shows Mixed Copper Tin Zinc Steady
In New York on May 17 copper is firm with electrolytic spot and futures at 14 1 2 cents. tin is easy with spot at 52 dollars and futures at 51. lead remains steady at about 6.10 cents in New York and East St. Louis. zinc is firm with spot around 6.07 to 6.10 and futures near 6.10. antimony at 11 1 12 cents.
MENTIONED IN THIS ARTICLE
Associatedress
New York
East St. Louis
Potatoes Prices Rise and Fall Across Regions
Potatoes receipts totaled 63 cars on track with 808 cars shipped nationwide. Demand improved for old stock while new stock shows moderate demand. Prices vary by variety and region from Wisconsin Russell and Idaho sacked grades to Texas and Louisiana Bliss Triumphs and Spalding Rose, with markets mostly steady to slightly stronger.
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Chicago
United States Department of Agriculture
United States
Russell
Wisconsin
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Louisiana
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New York Call Money Rates Edge Higher
May 17 report shows call money stronger at 6 for high and 5 for low with ruling rate at 6.12. Time loans firmer with 60 90 days at 5.3 5, 4 6 months 5.14 5.4. Prime mercantile paper at 4. Bankers acceptances unchanged.
MENTIONED IN THIS ARTICLE
New York
Floral Park Cleanup Starts Tomorrow
A wholesale clean up of untidy lots in Floral Park begins Saturday at 9 AM with the Floral Park division of the Rocky Mountain Garden Club meeting at the tennis courts. Men will assist Sunday with trucks to haul away refuse. all residents and garden club members are invited to join.
MENTIONED IN THIS ARTICLE
Floral Park
Rocky Mountain Garden Club
Garden Club
Awning Low Knocks Man Down on South Wyoming Street
Martin Branson told police he was knocked down by an awning hanging too low on South Wyoming street. Police ordered the tenants at 14 South Wyoming to raise the awning to a proper height.
MENTIONED IN THIS ARTICLE
Martin Branson
South Wyoming Street
South Wyoming
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