Markets Mining and Financial News Loss Registered
Wheat closed heavy with prices down on lack of sustained buying. September at 1.01 to 1.01 and December 1.05 to 1.05. other grains and provisions showed losses. Domestic visible supply rose to 56,541,000 bushels as Minneapolis received over 1,000 carloads daily. cash wheat premiums remained unchanged despite many low grade arrivals. Minneapolis cash wheat and corn/oats values listed with futures ranges and cash quotes for No 2 red and No 2 yellow.
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Associated Press
Chicago
Liverpool
France
United States
Minneapolis
Stock Market Dips Amid Japanese Disaster News
New York trading opened with a moderate reaction driven by the Japanese earthquake and World scene developments. Bond losses appeared in Tokyo related notes while some U.S. firms could benefit from relief demand. rail stocks and industrials varied with Davison Chemical rising and Mack Truck approving a higher dividend. OMAHA hogs report notes receipts and demand on light shipments.
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Associated Press
New York
Italy
League of Nations’ Authority
Greece
Tokio
Wall Street
San Francisco
Japan
Baldwin Locomotive
American Can
Gulf States Steel
American Smelting
Bethlehem Steel
Beech Nut
Davison Chemical
Hayes Wheel Company
National City Company
Canadian Pacific Railroad
Orient
Union Pacific
New York Central
Chesapeake & Ohio
St. Paul
Chicago & Northwestern
Foreign exchange rates declined across major currencies
New York on September 4 reported easy foreign exchange with quotes in cents and cables. Britain 4.52, France 5.62, Italy 4.26, Belgium 4.62, Germany near zero, Holland 39.26, Spain 13.35, Poland 0.0604, Czecho Slovakia 2.96, Yugoslavia 1.07, Austria 0.0014, Roumania 46, Argentina 32.89, Brazil 19, Montreal 97.
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The
Associated Press
New York
Great Britain
Wete
Germany
Holland
Norway
Spain
Poland
Czecho-Slovakia
Austria
Roumania
Argentine
Brazil
Montreal
Commodity Price Snapshot From New York Market
Copper steady and quiet with electrolytic, spot and futures at 18% 12%c. Tin firmer at $41.50 for spot and nearby and futures. Iron mixed with No 1 northern $26 27, No 2 northern $25 26, No 2 southern $24 27. Lead steady at spot 6.75 7c. Zinc quiet with St Louis delivery at 6.45 6.50c. Antimony spot at 7.50c.
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Atchison Aee
American Car and Foundry
Associated Oil
and Refining
American International Corporation
Butte & Superior
Zintwa
Milwaukee
Chand! Motor
Davison Chemical Wow Eme
Enews
Famous Players
General Electric Ee
General Motor
Goodrich Rubber Wren
Gulf States
Serta
Houston Oifreee
Illinois
International Paper
Erseeree Gt
Kansas City Southern
Kelly-Springfield Etreee Aay
Kennecott
Louisville & Ima
Reshville
Missouri Kansas & Texas
Missouri Pacific
CoCo
CoCo Pesesansdeesovers
Maxwell Motor B
Mariand Otwweebee Aeeveeweessee
Mexican Seaboard Ee
Midvale Stee Eee
Montana Power Sea Weee
Montomery Ward
New York Central
New Haven
Norfolk
The
Associated Press
New York
St. Louis
Call money and loans steady with firm tone
New York reports call money firmer with closing bid 6 percent and offered at 5 percent. Time loans show mixed collateral at 5 percent for 60 90 days and 4 6 months at 5.4 percent. Prime commercial paper trades at 5 percent amid stable market conditions.
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The
Associated Press
New York
London Metal and Ether Prices Reported in Market Brief
London markets show Standard cap spot at £64 7s 6d and futures at £65 2s ba. Electrolytic spot £69 futures £69 10s. Lead-B spot £26 10s futures £25 6s. Silver £33 12s 6d with unclear downstream figures.
MENTIONED IN THIS ARTICLE
London
Unfavorable Influences Seen Yet Market Holds Strong
In view of Japan news the market acted impressively with intermittent liquidation but overall strength persists. Technical position appears solid as late news on Japan Greece Italy labor in coal regions is absorbed. Buy side opportunities expected on any weakness. Mohawk Mining consolidation with Michigan and Wolverine now effective reducing shares to 115,000 outstanding. Limited trading allowed in Michigan and Wolverine stocks. Hollinger Gold Mines 1923 six month earnings projected around 1.7 million at 7 dollars recovery and 4.25 cost per ton.
MENTIONED IN THIS ARTICLE
Lauzier-Wolecott Co
Japan
Michigan Mining Company
Wolverine Copper Mining Company
Mohawk Mining Company
Hollinger Gold Mines
Studebaker Sets August Output Record Amid Metal Market Rise
Earnings stood at 3 198 000 yearly as power troubles were fixed. Studebaker Corporation, in August, produced 138 031 automobiles, a new record. For eight months ending Aug 31, 1928, output totaled 110 540, up from 78 369 in the prior similar period. A London metal market highlight is steady demand for tin, copper and lead as firms invest in metals.
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Studebaker Corporation
London
Livestock Quotations From Chicago Market Report
U S Department of Agriculture field report dated September 4 shows hogs receipts at 56,000 with prices ranging from 7.60 to 9.75 per hundredweight across weight classes. Cattle receipts 27,000 with varied bids, Montana steers and long-fed loads noted. Sheep receipts 32,000 with fat lambs mostly lower and feeding lambs steady to strong.
Cattle Hogs and Lambs Market Report from Kansas City
Cattle receipts 2500 with calves 5000. demand slow for cattle with steady prices on corn fed steers and yearlings around 12.50. hogs receipts 15000 with higher bids than yesterday and prices from 8.65 to 9.30 for most, top 9.40. sheep receipts 9000 very slow with lambs about 25 cents lower and best Idaho lambs around 12.75, westerns 12.50.
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The
Associated Press
U. S. Department of Agriculture
Kansas City
Cattle Hogs and Sheep Prices Reported at South St Paul
U S Department of Agriculture notices cattle receipts 3500 steady with some fat steers and yearlings sold. Hogs receipts 5800 slow but near steady with prices 7.25 to 9. Pigs and sows listed with bulk around 7.25 to 8.85. Sheep receipts 90 led by fat native lambs around 11.75, cull lambs 7.50, ewes 6.75 to 7. Danville details noted for weights and averages.
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Associated Press
U. S. Department of Agriculture
South ST. Paul
Denver Livestock Market Report Sees Mixed Gains
Denver reports 1700 hogs 1800 cattle and 2000 sheep receipts with fluctuating demand. Hogs top at 9.75 per cwt for choice 220 pounders, light weights near 9.50, sows 6.50 to 7.00. Cattle strong for calves and fat cattle with grass cows around 5.50, vealers 8. Stockers 5 to 6.10, feeder steers 6.75 to 8. Sheep lambs weaker, late Colorado lambs at 12 or 11.50 to 11.75 for medium fat.
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The
Associated Press
U. S. Department of Agriculture
Denver
Colorado
Hog and cattle price snapshot from Los Angeles market
U S Department of Agriculture reports in Los Angeles on September 4 hog receipts totaling 1400 with 1099 holdovers and prices at 9.75. Cattle receipts 100 slow with good steers around 7. Calves receipts 150 holdovers 585 slow with common handy weight dealers around 7.
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The
Associated Press
U. 8 Department of Agriculture
Los Angeles
Cattle market steady as receipts reach 230
Spokane cattle receipts totaled 230 with primes at 6.75 to 7.25, good to choice 6.25 to 6.75, medium to good 5.50 to 6.25, fair to medium 5.00 to 5.50, common to fair 4.25 to 5. Cows and heifers ranged 5.00 to 5.59 for good to choice.
MENTIONED IN THIS ARTICLE
The
Associated Press
Spokane
Market Results for Cattle Hogs and Sheep
Receipts listed for cattle hogs and sheep with price ranges and quality notes. Cattle show medium to good values up to 4.50 and veal calves at 6.50 to 8. Heavy veal calves reach 6.50 with stockers and feeders around 4.25 to 5.25. Hogs see prime mixed around 9.60 to 11 and heavies near 6.50 to 9.50 with stockers and feeders near 9.25. Sheep receipts total 24 with market steady. prime lambs bring 9 to 10 and best mutton ewes 3 to 5.
Sioux City Livestock Prices and Receipts Report
Sioux City reports cattle receipts of 1800 with steady to weak demand and prices ranging from 6.50 to 12.60 for fat steers and yearlings, hogs receipts at 7000 with tops around 9.35 and most sales near 7.50 to 9.25, and sheep receipts about 1000 steady to lower.
MENTIONED IN THIS ARTICLE
The
Associated Press
Sioux City
Dulles
Market Report from Portland Stockyards
Portland stockyards report steady cattle hogs and sheep values with receipts of 117 cattle 14 hogs and 52 sheep recorded on September 4 in Portland.
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The
Associated Press
Portland
Gold and silver prices update from New York and London
Bar silver in New York on September 4 closed at 63 and a half cents per ounce. Mexican dollars traded at 484 cents. In London on September 4 the bar price stood at 13 dollars 16 pence per ounce. Money market showed a two percent rate.
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The
Associated Press
New York
London
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