Chicago Grain Market Slips After Early Wheat Rally
Wheat opened higher but faced persistent selling, closing down from Thursday night to new lows. Liverpool futures fell, rain in the Northwest weighed on prices, and export demand stayed weak. Corn and oats also retreated as markets showed light cash demand and cautious selling. cash basis for grains remained soft.
MENTIONED IN THIS ARTICLE
Liverpool
Canadian
Winnipeg
Southwest
Chicago
Asenices
Selling drive buffs curb cheap money helps bonds
New York trading opened buoyant on constructive news but shifted to widespread selling by noon. Utilities led declines with stocks like Electric Bond and Share dropping from 82 percent to 76 percent, while refining and oil issues weakened amid rising storage and ongoing gasoline stock concerns.
MENTIONED IN THIS ARTICLE
Wall Street Journal Wire
New York
American Superpower
Central States Electric
United Light and Power A
Brazilian Traction
American Gas and Electric
Associated Gas and Electric A
Toledo Bondhouse Enjoined Over Harbor Bonds
Fort Lauderdale authorities and the city are restrained from further payments to Spitzer- Rorick Company of Toledo on 700000 harbor improvement bonds. The action follows a lawsuit by taxpayers Stillwell and Gore seeking recovery of 300000 paid to the bonding house after a Tropical Dredging Company assignment. Spitzer-Rorick is also barred from negotiating or signing harbor bonds held by the company until the suit is resolved.
MENTIONED IN THIS ARTICLE
Toledo
Spitzer-Rorick
Opposition Wins Hold On Bethlehem Dillion Merger Case
In Youngstown Ohio the Common Pleas Court ordered Bethlehem Steel to open its books for inspection before June 25. Judge David G Jenkins granted the request in a petition to enjoin the Bethlehem Dillion merger filed by Myron C Wick Jr and International Shares Corporation. Plaintiffs say access to the books is needed to prove merger terms are harmful to Sheet and Tube stockholders and that the agreement was fraudulently imposed.
MENTIONED IN THIS ARTICLE
Youngstown
Bethlehem Steel Corporation
Youngstown Sheet and Tube Company
Common Pleas Court
Bethlehem Books
David G. Jenkins
Myron C. Wick, I Jr
International Shares Corporation
Global Bond Market Totals and Key Global 6s
The report lists numerous bonds with prices yields and changes across Austria Batavian Denmark Deutsche Bank Paris Italy Spain and more. It notes total sales today 11 512 000 and year ago 9 541 000 two years ago 8 863 000 with January 1 to date 1 410 689 000 and global figures around 1 238 397 000 and 1 630 127 000.
MENTIONED IN THIS ARTICLE
Austria
Batavian Pet
Berlin City
OL Bolivign
Deutsche Bk
Duke Price Po
Cosd Inccse Sects
Ital Pub
Jupiter Loan
Krueg & Toll
Marseilles
Milan City
Peru
Poland
Eeevegoescorce
le AF Ohndinness
Tokyo Et
Wales
Norway
Bordeaux
Brazil
Canada
Chile
Colombia
Ger Rep
Essa
Ilseder Steel
Do Bs
Witss
Nor Hyd el
Orient Dev Ltd
Rhine West
Rio de Jan
Rio G Do Sul
Aires
Copenhagen
Gt C Eip Jap
Panama
Lyons Med
Sax Paks
Vienna City
Yokohama
New York Bonds Hold Gains as Rates Drop and Utilities Rise
Bond market shows activity with call loans renewing at 2 percent and bank rate cuts boosting prime investment grades led by United States Government bonds. American Telephone and Telegraph 4s remain strong. utility bonds gain on legal-list inclusion for savings banks. Notable moves include Third Avenue Refinery 4s up and Nassau Electric Cons. down amid issuer changes.
MENTIONED IN THIS ARTICLE
Wall Street Journal Wire
New York
Federal Bank
United States
American Telephone and Telegraph
New York State
New York Telephone Company
Consolidated Gas Company
Western Union Telegraph Company
Western Electric
LaClede Gas Co
Kansas City Gas &Electric
Brooklyn Manhattan Transit
Third Avenue Refinery
Interborough
Nassau Electric Cons
Brooklyn Queens Transit Company
Cincinnati Stock Exchange inspection and farm supply distribution
The tenth weekly Cincinnati Stock Exchange inspection will tour industrial plants on Monday at 2 30 p m starting from the exchange hall with a stop at City Ice and Fuel Company 3220 Jefferson Avenue. A bank has distributed goods for Ohio and Midwest farm bureaus including cord and binder twine imported via New Orleans from Mexico to be allocated by the exchange bank department today to designated points.
MENTIONED IN THIS ARTICLE
Cincinnati Stock Exchange To &Pect
City Ice and Fue Company
Jefferson Avenue
Exchange
Queen City Club
Cincinnati
Ohio
Middle West
New Orleans
Mexico
Contiguous States
Exchange Department
Treasury Receipts Show Surplus on Second 1929 Tax Installment
The U S Treasury reported Wednesday receipts of 172 336 488 82 with expenditures of 161 803 424 66 leaving a balance of 303 866 869 04 The deficit from the day before was eliminated and a surplus of 79 321 740 45 was created by income tax receipts of 152 958 752 98 for the second 1929 installment This is the first surplus since the March installments and compares with last year’s 101 975 855 50 surplus.
MENTIONED IN THIS ARTICLE
United States Treasury
Clearing House reports large exchanges and balances
The New York Clearing House reported exchanges totaling 1 636 000 000 and balances of 220 000 000. The Chicago Federal Reserve rediscount rate was cut yesterday from 4 percent to 3 14 percent, matching the reduction earlier by the Cleveland Federal Reserve rediscount basis on Thursday.
MENTIONED IN THIS ARTICLE
New York Clearing House
Chicago Federal Reserve Bank
Cleveland Federal Reserve
Commerce insolvencies fall slightly from prior week
Commercial failures in the United States for the week totaled 487, down from 489 the previous week and 485 two weeks earlier, per R. G. Dun & Co. The year-ago week had 427 defaults. Insolvencies eased in the East and Pacific Coast but rose in the South and West, balancing overall totals.
MENTIONED IN THIS ARTICLE
United States
R. G. Dun & Co
East
Pacific Coast
Commodity Price Snapshot From St. Louis Market
Wheat prices noted for No 2 red and hard and corn futures with bids and closes in St Louis on June 20 No 2 white and yellow varieties shown along with July August September futures for corn Dates and decimals reflect market quotes for the day
MENTIONED IN THIS ARTICLE
ST. Louis
Wheat markets ease as Oklahoma harvests support selling
Wheat futures slide 8 cents amid general harvest progress in Oklahoma and weaker export demand. Locally quiet trading with prices down about 3 to 4 cents. corn and oats follow wheat’s trend while milk and eggs show mixed activity. Poultry demand steady with limited receipts. prices mostly steady overall.
MENTIONED IN THIS ARTICLE
Oklahoma
Fruits and Vegetables Auction Report Focused on Carload Sales
Track holdings across cantaloupes peaches and potatoes showed mixed firmness with strong California cantaloupes and Georgia Hiley Belles peaches. Auction sales cited numerous cars across multiple produce lines including oranges lemons cucumbers and apples with prices listed for various pack sizes and regional origins.
MENTIONED IN THIS ARTICLE
Best
California
Best Georgia Hiley Belles
Oklahoma
Arkansas
South Carolina
United States
Kentucky
Alabama
North Carolina
Louisiana
Texas
Washington
Marké
Tennessee
Florida
Georgia
Baskets Hiley Belles
Baskets Hiley
Mississippi
Livestock Market Report June 20 1980 Cattle and Hogs Mixed
Cattle trade slow and indifferent amid weak demand and falling beef prices. Cows and lower grade cattle sold on a catch as catch can basis with modest bids. calves and heifers found limited outlets. Hogs showed fair demand for light to midweights but heavy hogs moved slowly and packing sows discounted. Sheep and lambs remained weak with limited buyer interest and narrow price ranges.
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Chicago Grain
THE
Early & Daniel Company
Cleveland
Otis .& CO
Union Trust Goee
Allen Indcom
Svvesessgevesescons
Do P
Eee
Amer Saaltinvaph
Apex
Elec Mfg
Bessemer L & C
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Siowned Cliffs
Federal Knitting Mills
Foote Srr
Eeeetey Wesese
Tire & Rubber
Godman Co
Lamson & Sessions
Metro
Byic Cis
Ecco Sen
National Refining Eid Ps Ccdusspecousauy
Murray
Mfg
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Serene
Eeeneteeee
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Eeseee
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Best & Me
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Ital
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Lord & Taylor
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Butler
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Dayton
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de Forest
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Pub Util
el Bond & Sh
Asec
Rainbow L
Raymond Coner
Reiter Foster
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Russia
Intereeeeeeenee
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Guenther Rudeeeee
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Ar Stein Cosmetics Cove
Strauss Rotheee
Candy St
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Swift
Heela Min Eenerseseresesee
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Hugh Gold
Humble
Soeenereeerene
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Teher Hygrade Food Sneeweteee Transamer
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van Sweringen
Virg Ry
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Walpdri
Webster Mil
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Berlin
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Danzig Port
Finland
RM Bk
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ItSuppower Gas
Medellin Col
Wesese
Parana Braz
Saarbrueck
Ruhr
Lion Santa Fe
Stinnes
Santiago
Eteeresene
Sydney Nsw
R. H. Gibson
American Founders Corp
HESS
Eeeeeereeteese
Deeevebick
W. E. Hutton & Co
Amer
Imperial of Canada
International Pete
Lone Star Seeeseeseccevess
New Bradio
Salt Creek Spa P
United Gas A
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Humble Il
Kan
N J
U. S. Gove Ent
LS &M
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Louis & 3 & N
Manati
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Midvale. Strevt
Mo Pac Oe
Abitibi Pw & P
Abram Straus
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Si Allis Chalmers
G Chem
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Nat Gas
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NH & H
Y Tel
W & el
NYW& Bos
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AT & Ah
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Otis Steel
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Pac G & E
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Penn Dix
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Aeeveces
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Central Pacific
Post T & C
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IM & S
Stp & P &E
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RI & Pac
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Cin Gas & el
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Shell
Sheil
Con Gas
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Ry St
Det Edison
Dodge Bros
Duques Lt
Tex Corp
Erie Rf & Imp
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Avendy
Fisk Rubber
UN Pac
Goodyr T & R
Utah Po & Lt
North Ry
Hudson Coal
Virginia Ry
Hud & M
Hum Oil & R
Maryland
Storer Gee, Gee
Penn Powibs
Wick-Sp
Wilson & Co Ist
Inter Rap Trans
Int Cement
Australia
NEW York Bonds
ST. Louis Grain
W. H. Mosier
Packa Texas
Tom Watsons
Dixie Belles