Chicago Grain Market Moves on Shorts as Offerings Thin
Shorts in corn drove a sharp price advance on June 7 as offerings grew scarce. July and August futures closed near 1.37 and 1.38 dollars per bushel with oats steadier to lower and provisions rising on firmer hog prices. Cash grain quotes show No 2 yellow corn around 1.16 to 1.68, oats lower, and barely priced—lard and ribs also listed.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Seaboard
Moe Peieaac Sane
REE Ish
Ohio Life and Trust Company
Leiter
Baltimore
Ierby
Cincinnati
Grain and Provisions Markets Across Cities June 7 Report
Market notes from Duluth Minneapolis Toledo Kansas City St. Louis New York and Milwaukee with prices for linseed flour corn oats rye clover alsike timothy and related commodities on June 7. Details include bid and asked ranges for No. 2 mixed No. 2 white and No. 3 yellow corn and assorted oats values in each city.
MENTIONED IN THIS ARTICLE
Duluth
Minneapolis
Toledo
Kansas City
ST. Louis
New York
Middle West
Milwaukee
Indianapolis
Grain and hay prices from market report fragment
The fragment lists prices for white, yellow and mixed grains with No. 2 to No. 6 grades, samples, and percentages. oats show strength with several white and mixed grades, while hay notes timothy and clover values ranging from 12.50 to 20 dollars per unit.
Bradstreet's notes sweeping wartime government control growth
Bradstreet's reports government domination spreading across industries and a favorable crop picture. It notes conscription of iron and steel, wool, leather, and extended control of textiles and food prices, plus growing female labor and increased civilian demand amid tighter supply chains. Weekly bank clearings reach 6.443 trillion dollars.
MENTIONED IN THIS ARTICLE
Bv Associated Press
New York
Bradstreet
Cotton goods show activity and yarns rise in New York
On June 7 in New York cotton goods traded more actively and yarns advanced while silks remained quiet. Price fixing discussions were held in Washington.
MENTIONED IN THIS ARTICLE
New York
Washington
Wall Street Stocks End Mixed On Tax War News
Representive stocks opened June with a dull session as losses outweighed gains. War tax doubling proposals and government control of iron and steel distribution weighed on rails and shipping, while motors and leathers saw sporadic gains.
MENTIONED IN THIS ARTICLE
Associated Press
New York
McAdoo
Cotton Market Ends Mixed on Nervous Trading in New York
The New York cotton market opened firm then slipped with July premiums attracting selling. July futures fell to 25.78c and old crop months eased while later months held. New Orleans saw initial gains fade into a steady close as Liverpool buying supported some pauses.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Herh Euni
Séqain
United States
NFW
Orleans
Evaporated Fruit Markets Report Quiet Trade
Evaporated apples nominal. Prunes dull. Apricots and peaches quiet. Raisins steady. June 7 New York report on dried fruit prices and activity.
MENTIONED IN THIS ARTICLE
New York
Call of Loans Tight Money Restrict Trading in Market Activity
The financial scene shows loans called and money tight with brokers pushing calls at 6 percent and time money at 6 percent. Cincinnati banks moved $120 million to the government Friday and expect more transfers Tuesday as tax payments and war taxes flow through.
MENTIONED IN THIS ARTICLE
Cincinnati
Philadelphia
Foreign exchange market in Cincinnati shows active demand
The market in Cincinnati Friday featured high demand for sterling francs and drachmas. Soldier account transfers and military funds movements are near finish with sailing soon. Domestic acceptances rose while importations were partly financed. Neutral currencies held steady except for Amsterdam guilders, Swiss francs, and Stockholm kroner fluctuating.
MENTIONED IN THIS ARTICLE
Cincinnati
Stockholm
Liberty Bond Market Up on Tax Talk and Demand
A rise in Liberty Loan bonds Friday follows intensified tax talk with high demand for 3s 4s and 49s. Investors expect about 15 billion in three issues next year and favor higher rates, while Farm Loan bonds 506 removal aided the lift. The market shows firm closes and strong blocks traded, with Philadelphia considering temporary notes to cover near term needs.
MENTIONED IN THIS ARTICLE
Liberty Loan
California Petroleum declares 1 percent dividend on preferred stock
Private telegrams from Los Angeles yesterday say the California Petroleum Corporation pays a 1 percent dividend on its preferred shares, July 1, to record holders June 20, up from 1 percent in prior quarters with a cumulative 7 percent due. Other ex dividend stocks and Friday declarations include Baldwin Locomotive, Chesapeake & Ohio, Federal Sugar, General Electric, Kennecott Copper, Magma Copper, Railway Steel Springs, Union Carbide, Stutz Motor Car, and Pie & Superior Traction Company with various dates and amounts.
MENTIONED IN THIS ARTICLE
Los Angeles
California Petroleum Corporation
Baldwin Locomotive
Chesapeake & Ohio Railway
Federal Sugar
General Electric
Kennecott
Magma
Railway Steel Springs
Union Carbide
Stutz Motor Car Company of America
Pie & Superior Traction Company
Sugar Market Steady With No Sales Reported
New York June 7 raw sugar market remained steady at 4.985 cents for Cuba cost and freight, 6.005 cents for centrifugal, with no sales. Refined business stays light as demand covers nearby needs, and all prices unchanged for fine granulated.
MENTIONED IN THIS ARTICLE
New York
Cubas
Wheat crop forecast predicts record U S yields
The June crop report from the Department of Agriculture foresees a bumper wheat year with spring wheat potentially reaching 1,000,000,000 bushels. It estimates total wheat at 931,000,000 bushels, second only to the 1920s peak, and notes large spring wheat acreage and favorable June 1 conditions.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Department of Agriculture
Cincinnati Market Report Hogs Lead Mixed Cattle Trends
Gattle Market June 7 1918 Cincinnati Ohio receipts and shipments for cattle hogs sheep and pigs show hogs at record demand with brisk trade while cattle soften on common grades milk cows strong meat prices mixed across regions Cleveland and New York reports align. Bulls calves and sheep show varied activity with steers and butcher stock selling steady to firm.
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Cincinnati
Ee Elippes
Cleveland
East Buffalo
New York
Chicago
Stee
Reed
ST. Louis
Kansas City
Pittsburg
Bem
Metal Market Quotes United States and London Prices
New York reports firm metal quotes with spot and futures levels for copper zinc and lead. London prices show spot and futures for copper tin lead and speer with several currency values.
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New York
Metal Exchange
London
Speer
Market Brief In Chicago Trading Roundup
Chicago on June 7 reports mixed commodity quotes with Carbide 50, Diamond Match 106, Lindsay Light 20 percent, Sears Roebuck 334, Swift and Co 104 percent in a brief trading snapshot.
MENTIONED IN THIS ARTICLE
Chicago
Carbide
Diamond Match
Lindsay Light
Sears-Roebuck
Swift & Co
Georgia Surbank plums join Cincinnati market amid varied produce
The Cincinnati market reports higher produce prices due to reduced southern shipments. Georgia Surbank plums arrive from Candido Barrio as California cherries and cantaloupes strengthen. Beans, cabbage, and apples show plentiful supply and demand remains active for butter, eggs, lambs, and live poultry amid wartime price trends.
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Cincinnati
Georgia
Barrio
California
Kentucky
Mississippi
Colorado
Rocky Ford
Ben Davis
Tennessee
Kohlrabi
S. Mae
Carmen
Florida
Jersey
Mobile
Louisiana
Alabama
Texas
Michigan
Wisconsin
Market Rates and Bond Movements Across Cities
Mercantile paper and currency rates shown for New York Paris and London. Rates include four and six month mercantile at 6 percent, various sterling bills, francs, guilders, rubles and metals. Government bonds firm rail bonds steady, call money easing, London discount rates easy and stock market sentiment cheerful with Port of Para bonds rising.
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New York
Mercantile Paper
Paris
Exchange
London
Stock Exchange
Para
Bank Clearing Figures and Market Notes From Cincinnati
Bank clearings for June 7 totaled 9.53 million, up from 8.60 million yesterday but below last Friday's 11.45 million. Call loans scarce, outside loans at 6 percent, some money at 6 percent, stock exchange shows light trading with 33 shares sold today. Cincinnati reports include Ohio Cities Gas and Cincinnati Gas and Electric preferreds, Procter & Gamble common, and ongoing liquidity strain amid month’s movements. ST. Louis cash clearings top 23.43 million with 5.45 million balances. New York discount quotes 23 and 34 cents, Federal Reserve Bank actions noted.
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Cincinnati
Federal Reserve Bank
Internal Revenue Authorities
Treasury
New York Boards
Cincinnati Union
Oferings
Globe-Wernicke
Cincinnati Gas and Electric
Columbia Gas and Electric
New York
Ohio Cities
Ohio State
Erlanger Preferred
Cincinnati Street Railway
Federal Reserve
Cincinnati Stock Exchange
Ohio Cities Gas
Incinnati Gas and Electric
Procter & Gambie Common
Federal Reserve Pank
New York Exchange
Butter and egg market notes from multiple cities
Regional price reports show butter and poultry steady or firm across Kansas City New York Chicago and other markets. Eggs vary by grade with firsts around 28 32 cents and packing stock around 34 38 cents. creamery butter often 34 44 cents and eggs in Indianapolis wholesale listings around 20 28 cents for packing stock.
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Kansas City
New York
Pennsylvania
Hennery
Chacago
ST. Louis
Philadelphia
Csleveland
Commercial Tribune
Indianapolis
Indianapo
Columbus Firms Start Up to Strengthen Ohio Industry
Associated Press reports in Columbus that Eagle Engineering of Springfield and Hal Motor of Cleveland each secure $20 000 and $10 000 respectively as capital for growth. Ellsworth Craig and William W Ellsworth lead the Springfield deal as others including A V Carmon and J E Splittorf consider Ohio Scale Inspection and M M Dry Cleaning holders. Farm Development Company plans a capital increase from 10000 to 75000 as George Q Keeley and M E Atkin back the Ohio ventures.
MENTIONED IN THIS ARTICLE
Columbus
Eagle Engineering Company
Springfield
Ellsworth Craig
William W. Ellsworth
Hal Motor Company
Cleveland
A. V. Carmon
J. E. Splittorf
M. & M. Dry Cleaning Company
Cincinnati
Fred Mervyn
C. J. Mulvihill
Ohio Scale Inspection Company
George Q. Keeley
M E. Atkin
Farm Development Company
Strength of July Deliveries in Cotton Market
The article notes the July contract strength in New York and New Orleans amid nervous early week trading. A fall in Monday prices, optimism about the new crop, and favorable government and Weather Bureau reports limited pressure, with July premiums rising before slight reversals. Local brokers await outcomes of a Washington investigation into cotton exchanges.
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Associated Press
New York
New Orleans
Weather Bureau
An J
Washington News
Bureau of Markets
Coffee futures slip after early advance on meager demand
New York June 7 futures opened higher on covering and war news but demand lagged. July fell from .10c to Me and December from 8.45c to 8.36c. market closed 2 points net higher or lower. Spot dull with Rio and Santos prices steady to unchanged. no fresh offers in cost and freight list.
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New York
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