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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jul 02, 1938
Page
7
Prices for oats corn wheat and kaffir rye and barley are listed with futures over July and September. Hay in Kansas City shows No 1 extra leafy alfalfa at 14.00 to 15.00 and lower grades down to 8.50 for No 2, with market steady on two cars of hay.
Chicago July 2 wheat prices eased after an initial display of firmness as hedging and selling capped rallies. Traders expected higher receipts next week amid favorable North American weather and lower Liverpool quotes. Corn rose modestly on overnight exports to the United Kingdom while oats and rye tracked corn. Kansas City hogs and cattle were steadier to higher for the week with mixed feeder gains and strong yearling prices.
Buying continued as cotton bale prices rose to 65 cents, with futures trading above 9 cents per pound. Demand supported by active cloth mill orders since March 1937 and expectations of increased output. Bond recovery and stock gains encouraged new financing and a planned $85 million Standard Oil of New Jersey bond offering.
Linwood Allen Harbaugh comes home Tuesday morning. The family plans to return to Colorado in a few weeks for the summer. Several local residents visited or traveled Thursday through the weekend, with multiple trips to Topeka St. Louis and California noted among relatives and friends. Potato digging began with a good yield but dirty condition, and local workers O. O. Browning and Jesse Johnson started digging Wednesday.
The report lists wheat at 57 cents and yellow corn at 54 cents. Butterfat prices are given as No. 125 and No. 220. Poultry prices show hens under 4 pounds at 9 and over 4 pounds at 12, springs at 11 and 13, and stags and roosters at 6. Eggs 16 cents and hogs at 8.70.
The AP reports the New York bond market closing with Treasury 3s at 106.9, price 55-51, reflecting the day’s government debt activity.
Buyers crowded into New York trading floors as stocks rose up to several dollars, lifting prices to mid year highs. Big blocks moved in steel, motors, oil and copper with volumes the largest for a Saturday session since autumn. Chrysler surged, U S Steel and General Motors hit new highs as sentiment brightened and scrap steel prices ticked higher.
Miss Betty Lou Redding daughter of Mr and Mrs C F Redding married Francis Clay McVey of Kansas City Mo at the Methodist church in Tonganoxie The ceremony was read by Rev Eugene Frank with music by Max Condon and Roy Lee Redding The bridal party wore formal gowns and carried flowers The couple's reception details are not listed.
The page lists quiz answers including the first ten amendments to the U S Constitution and figures such as Gertrude Ederle. It names locations like New Orleans Louisiana and Palermo while noting institutions like the Department of Commerce and references Churchill Downs in Louisville Kentucky.
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