Wheat Rebound Stirs Market as Mill Strike Ends
Wheat prices rebound as market activity returns to life after mill strike ends. Traders note renewed demand and potential supply stability following the settlement.
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Newspaper
Kansas City Star
Location
Kansas City, Missouri, United States of America
Date
Jun 29, 1948
Page
15
Wheat prices rebound as market activity returns to life after mill strike ends. Traders note renewed demand and potential supply stability following the settlement.
Kansas City market notes warn a possible elevator strike could slow harvest movement. Wheat futures eased while cash wheat bought for export rose. government CCC purchases boosted demand. The shift in elevator rules and ongoing harvest delays threatened heavy loads on long-term terminals as KC traders watched a volatile mix of futures, premiums, and moisture discounts.
Grain price bulletin shows Kansas City prices for wheat and corn with July and December futures. The report lists bid and asking ranges, including wheat at around 2215 to 223, December 224, with various daily fluctuation figures and multiple contract months cited.
Kansas City market notes mixed moves in hard and soft wheat futures and cash prices. Prices for corn, oats, barley, sorghum, and milling byproducts show varied gains and losses amid fluctuating demand and spot availability.
London minister and marriage counselor Rev. Robert W. Shields told First Baptist in Kansas City that soda fountain life in American drugstores serves as a social center rivaling the English pub. He noted good employment, higher wages, and leisure spending in Britain, and argued the Labour government acts as a bulwark against communism while expanding social welfare programs.
A 38-year-old manufacturer, Joseph Nachman, switched his Philadelphia office into Eisenhower for President headquarters to back the 5 star favorite at the Democratic national convention. His windows feature Eisenhower imagery and loudspeakers blare on Arch Street. If Eisenhower falters he will switch support to Dewey. George Rushton, founder of Rushton Baking Co., age 87, is reported slightly improved at Bethany hospital after illness at his Kansas City Kansas home.
Barbara Stanwyck left Warner Brothers after the studio refused her lead in The Fountainhead, despite her prompting the project. She praised Patricia Neal as the substitute and urged fresh talent, while other notes cover upcoming films and industry chatter.
In Belgrade center faction debates over peasant policy and collectivization reveal Tito and his allies pushing a center line through cooperatives and gradual integration into state control. Hebrang and Zujovic were purged as Tito’s faction rose, while Ruder Pravo reports hint at Cominform charges. Osgood Caruthers, AP, reports from Belgrade via Vienna.
The Kansas City Star reports tensions within Yugoslavia's Communist leadership as Tito tightens army control and Rankovic commands a powerful interior ministry police force. The piece analyzes the factions and possible avenues for reform or resignation.
The body of 18 year old Mary Jane Reed, missing since her companion Stanley Skrndla was slain, was found in a silica pit two miles from Oregon. Skrndla lay dead on a lover's lane with bullets in his body. Sheriff Maas and Coroner Horner work to uncover a motive and suspect a jealous suitor or robbery.
Public administrator workers expect removal of heavy furniture from Lenora Coatsworth residence at 3927 Kenwood avenue within two days to allow a renewed search. Mrs. Coatsworth died after a fall from a third floor porch. A roomer, Roy Sullivan, said $6,200 was hidden there and over $3,000 has been recovered in old cans. Broadway Auction Co. may buy the furniture if a bid is satisfactory.
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