Stock market muted as upswing stalls in New York
In New York on May 24 speculation lacked momentum to extend yesterday’s stock rise. The market opened slightly lower with broad sag, then recovered slowly. Pennsylvania declined to 104% while St Louis and San Francisco issues fell sharply. First preferred touched 31% and second preferred to 11. Cables noted foreign hesitation and London sold about 5,000 shares. Bonds showed irregularities with a downward tilt and Treasury notes fell as investors awaited the week’s bank data.
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Wheat market cools as rain dampens bullish sentiment
Chicago May 23 rains praised as relief for crop damage in Kansas and Nebraska, tempering bullish wheat hopes. Prices closed heavy with gains in corn oats and provisions mixed. Reports of harvest prospects and weather shifts influenced traders, while heavy receipts and seaboard clearances framed the day’s moves.
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London Stock Market Weak Morning Then Recovered
May 21 London stocks opened quiet amid uncertainty over pence reputations and sales. The market dipped below parity before noon but improved in the afternoon on local covering. American securities opened quiet and fractionally higher, with most prices easing back by noon as yesterday’s New York trends influenced trading.
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Market News Bits On Rice Turpentine And Treasury Figures
New York markets opened flat with tepid demand as rains in Georgia and South Carolina influence crop outlook. Rice prices at New Orleans eased slight amid mixed bids. Honduras and Japan figures cited. Savannah and Wilmington reports show steady spirits turpentine and rosin prices with regional receipts. Washington notes the U S treasury balance at 59.18 million with a 3.45 million surplus this period after a prior deficit.
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New York May 23 Market News Mixed Commodities and Coffee
The report covers butter creamery receipts and cheese sales in multiple cities, chats on eggs and poultry, and rising potato prices. It details coffee futures steady to firm with May 10 and July contracts noted, plus copper futures and grain quotes from London and various U.S. exchanges.
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Sugar and Molasses Market Summary
Sugar and molasses trade in New York on May 23 shows a steady tone with raw sugar daily values at 2.77 to 2.80 for the Muscovadoes and 70s for centrifugal. Refined products and petroleum remain quiet. hides steady amid mixed commodity activity.
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Cattle and hog market reports from May 23 City
May 23 reports show cattle receipts around 1 000 with mix of steers heifers and yearlings, hog receipts near 10 000 and prices ranging widely from 2 40 to 8 53 per cwt. Sheep receipts about 2 100 with yearlings and ewes noted. Market tone: steady to lower with some regional variation and expectations of further shipments and mild freight activity in June. Local traders anticipate foreign demand staying tepid despite weather and shipments continuing.
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Greensboro School Tax Victory in Greensboro GA
The Greensboro city election carried the school tax with an overwhelming majority. Only two votes opposed levying the tax, ensuring the school system continues as before in Greensboro.
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