Wheat prices ease on weak demand and speculative doubt
Markets report wheat declines amid tepid export demand and little speculative buying. July and September futures slide while corn and oats follow weaker tones. domestic crop prospects cited but uncertain, with limited buying and continued spreads between Chicago and Winnipeg. ARgentine supplies and Liverpool demand factor into brief price shifts as hogs weaken provisions.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Northwest
Sears
Liverpool
Atlantic
Kears
Winnipeg
Iowa
New York Stock Market Opens Higher on Short Covering
Prices rise at the opening of the New York stock market aided by short covering and moderate new buying after recent lows. Bethlehem Steel tumbled on a shipping board denial of its $8.5 million war contract claim, dragging steel and related issues lower while California Petroleum and Marland Oil showed strength. Call money opened at 4%, demand for time money quiet, and foreign exchange trading was subdued with sterling near 4.63 dollars. Total stock sales reached 881,800 and bond sales 10,322,000.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Advisory Council
Federal Reserve Board
Federal Reserve Bank
Bethlehem Steel Corporation
Shipping Board
Bethlehem Steel
Steel and Iron Trade Reviews
California Petroleum
Marland Oil
General Electric
American Car
Goodrich
American Iee
Associated Oil
Austin Nichols
Brown Shoe
Montana Power
Lorillard Tobacco
Sterling Products
Postum
Jewel Tea
Call
Reichebank
Markets Move Through Mixed Session Amid Federal Rate Stance
The session began with cautious gains on late Tuesday trading. Short covering appeared in several issues including California Petroleum while overall prices closed below the day’s best. The Iron Age Review noted no large scale cancellations, signaling cautious steel-sector optimism. The Federal Reserve kept rediscount rates at 4% citing solid national business conditions, with secrecy surrounding advisory council discussions. California oil output rose by 23,739,333 barrels in 1922 due to Los Angeles and Orange counties developments. Great Northern predicts 4,000 new cars and record traffic as harvests loom. Calumet & Arizona Mining declares a $1 dividend payable June 25 with record June 8. Chicago, Rock Island also declares semiannual dividends on preferred issues.
MENTIONED IN THIS ARTICLE
Lauzier-Wolcott Company
California
Federal Reserve
Reserve Board
James A. Campbell
R. E. Collom
Chicago
Rock Island
New York Money and Market Rates Report May 23
Call money steady at 4 percent with a ruling rate of 4 percent and closing bids at 4 percent. Time loans show mixed collateral with 60 to 90 day terms at 5 and four to six months at 5.5 percent. Prime commercial paper remains at 5 percent. Also noted: heavy motor trucks barred in many parts of Japan.
MENTIONED IN THIS ARTICLE
New York
The
Associated Press
Japan
Lamb market report shows steady tone with varied prices
Clipped lambs in California topped around 16.25 with best light lambs at 14.25, heavies down to 13. Sheep excluding feeders slipped 0.75 to 1.00, bulk ewes ranged 6 to 7 dollars. No feeder sales reported.
MENTIONED IN THIS ARTICLE
California
Cattle and hog markets report from multiple cities May 23
Kansas City and South St. Paul cattle receipts range steady to mixed with weights. Top cattle around 10.55 at KC, hogs mostly 7.20, goats sparse. Denver markets show beef steers 7 to 9.50, cows 4.50 to 8.50, calves up to 13.50. Los Angeles cattle and hogs see midrange values for common weights, with beef classes at 8.50 to 8.75 for 150–200 lb cattle and 7.25 to 8.50 for heavier stock.
MENTIONED IN THIS ARTICLE
Kansas City
The
Associated Press
United States Department of Agriculture
California
Texas
Ee Paul
South ST. Paul
Denver
Los Angeles
Federal State Livestock Market News Service
Chicago
U. S. Department of Agriculture
Omaha
Livestock Quotations Chicago and Omaha May 23
U S Department of Agriculture reports Chicago and Omaha livestock quotes for May 23. Hogs receipts and prices noted with weights and ranges for different hog types. Cattle and sheep prices and receipts summarized with activity levels and top prices.
Spokane Market Report Shows Steady Cattle Hogs and Sheep
Spokane news reports May 23 cattle receipts 100 hogs 243 and sheep none with market steady across all livestock, quotations unchanged.
MENTIONED IN THIS ARTICLE
Spokane
The
Associated Press
Portland Market Reports May 23 Cattle Hogs Sheep
Portland Ore May 23 Cattle nominally steady with no receipts Hogs steady with 817 head reported Sheep steady with 1243 head received including 391 through.
MENTIONED IN THIS ARTICLE
Portland
The
Associated Press
Ore
Foreign bar silver and Mexican dollars report
Foreign bar silver quotes 67 percent per ounce in New York on May 3, while Mexican dollars fetch 51 percent. London May 238 reports bar silver at 82 pence per ounce with money at 1 percent per
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
London
London Metals market wrap from London on May 23
Standard copper spot £67 with futures at £67 15s. electrolytic copper spot £76 futures £77. Tin spot £196 12s 6d futures £196 12s 6d?. lead spot £26 6s futures £25 5s. Zinc spot £30 12s 6d futures £30 5s.
MENTIONED IN THIS ARTICLE
London Metals
The
Associated Press
London
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Col Eneral
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Butte-Anaconda
Miss Montana
United States Mall
Drummond
Helmville
Ovando
First National Bank OF
Andrew J. Davis
J. E. Stephenson
George A. Hill
W. J. Forsythe
Daly Bank & Trust Co
General
W. A. Clark
J. Ross Clark
W. A. Clark & Bro. Bankers
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J. K. Heslet
E. J. Barker
King
Lamb
Galena Butte, Mont
J. E. Lorenz
WM. J. Sullivan
North Main Street
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