Poultry Market Report From Chicago
Chicago March 10 market report shows live poultry unsettled with 24 to 25 cent prices for springs and 16 cents for roosters.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 10, 1923
Page
6
Chicago March 10 market report shows live poultry unsettled with 24 to 25 cent prices for springs and 16 cents for roosters.
In New York on March 10 foreign bar silver traded at 67 1 4 cents per ounce and Mexican dollars at 51 3 8 cents.
Pairy Products Chicago reports butter unchanged with market quotes showing Eyes lower and firsts at 26 1 2 to 32, ordinary firsts at 25 1 2.
New York March 10. Cotton futures opened steady with March at 30.58 May 30.75 July 29.80 October 26.42 and December 25.88.
New York on March 10 shows quiet cotton trading with middling at 30.75 and spot activity limited. Market observers note steady tones amid cautious demand.
United States Steel reports unfilled orders on February 28 1923 at 7 283 989 tons up 37 213 tons from January. The release details firm activity and rising backlog across steel production.
Indications today pointed to a forthcoming formal statement announcing the absorption of Morris and Company by Armour and Company. The merger would unite two of the big five packers with a combined capital of about 500 million dollars. The announcement was expected to be issued Tuesday or Wednesday next week.
New York reports another sharp advance in Market Street Railway issues on overnight news that New York bankers will travel to California next week to arrange selling the properties to San Francisco. Hupp Motors jumped one point to take motor group leadership as foreign exchanges opened firm.
In New York, March 10 amid yesterday's profit taking in low priced oils copper and non dividend rails, opening prices show irregular moves. Tobacco rose 1 1 2 points while Utah Copper fell 1 point and Cosden California Petroleum and Chesapeake and Ohio weakened.
New Orleans notes show cotton opening steady on March 10 with futures closing at March 30.51 May 30.20 July 29.75 October 26.02 and December 25.61. The brief lists indicate ongoing price activity across the 202X season with notable shifts in late summer.
New Orleans reports March cotton futures closed steady with net advances of four to eight points. Notable prices show March at 30.51 high and 30.17 low, with settlements around 30.31 for May and 26.05 for July as other months fluctuated.
Washington reports January raw cotton exports at 473,466 bales valued at 65,256,000 dollars, slightly below January 1922. For the seven months ending January, exports totaled 8,752,730 bales valued at 464,593,000 dollars versus 4,183,232 bales worth 367,699,000 dollars in the prior year.
In New York on March 10 the cotton market showed quiet early trading with irregular fluctuations. Short covering occurred in new crop months amid expectations of unsettled weather with showers in the southwest, and May liquidation pressured prices while October rose on the session.
New York reports steady foreign exchange quotations in cents and dollars for Great Britain France Italy Belgium Germany Holland Norway Sweden Denmark Switzerland Spain Greece Poland Czecho Slovakia Argentina Brazil and Montreal with small spread between demand and cables figures.
Chicago wheat opened higher on March 10 as commission buying aided gains and Liverpool quotes indicated an advance. Early increases ranged from 1 8 to 5 8 higher, with modest follow through then a slight pullback. Corn rose on bullish sentiment from a leading trader, while oats moved in step with cereals, starting unchanged.
The report notes a slight overall advance in prices after 1-4 higher and later gains, while provisions failed to gain backing despite hogs receiving firmer quotations.
Speculators fear higher money rates next week amid income tax payments boosting commercial demand and operators failing to push ahead. Profit taking and short selling marked today’s session with losses of one to three points in many issue groups. Some specialties rose, including tobaccos, Stewart Warner, Hupp Motors, Mack Truck, Transcontinental Oil and Market Street Railway. Volume totaled about 500 000 shares.
The register of deeds reports several High Point land transactions totaling about $10,000. Notable deeds include Carl Wright to J T Boswell on Best Street for $4,000 and L E Rutechig to Max Bones for $500. Additional transfers cover parcels along Fayetteville and Salem plank road and other city streets with varied sums.
Washington March 10 advisory storm warning ordered display along the Atlantic coast from Norfolk Virginia to Eastport Maine at 9 am today. Strong south and southwest winds likely gales today shifting to northwest tonight.
Alexander Real Estate & Loan Co lists numerous houses and lots for sale or trade across multiple streets including N Main S Main Johnson Steele Centennial Greensboro road and more. Adds baby chicks eggs incubators brooder stock and a 1918 Hudson sedan for sale with contact at 108 N Main St or phone 2889.
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