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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 04, 1926
Page
10
British labor troubles trigger early selling that pushes wheat lower in Chicago and Kansas City trading. Export demand at Winnipeg sparks rallies despite a 4.158 million bushel drop in world supply, with oats and corn slipping while hogs, cattle, and sheep show varied price moves across Chicago and Kansas City markets.
In Kansas City May 4 AP reports wheat receipts at 114 cars with prices 1.53 to 1.60 for various grades and oats and corn steady to lower. Hay markets steady with Timothy and Alfalfa grades listed. beef and poultry items noted. Wall Street convulsed by British general strike news with early selling then rebound as negotiations suggested settlement may be reached.
By early afternoon a good sized rally formed with Sloss Sheffield steel rising 5 1 2 points and Du Pont up 4. Colorado Fuel and Woolworth, General Electric, and Colorado Southern commercial solvents gained 8 3 4 points. Volume neared 4 100 080 shares. In a separate note, Sohn J Fields of Oklahoma City was named vice president of the Federal Land Bank at Wichita after a board meeting.
May add a government inspector to visit in a few days to survey mail distribution in the Hill District. Currently one carrier handles all university and nearby area mail, north and west of campus. The inspector will monitor mail volume for a couple weeks, with Hosford seeking authority to add a second carrier, possibly out of the university branch office.
The United Spanish War Veterans will meet Thursday evening for an entertainment and dinner to be furnished by the auxiliary.
Ottasion marks a victory as Congress passes new pension legislation for veterans. The celebration highlights moved lawmakers and veterans groups applauding the achievement.
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