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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 23, 1938
Page
7
Wheat prices slide to four year low amid Liver pool quotes, rains in the grain belt, and weak North American exports. May futures fall to about 78 78 1/4, July 75 75 4. Open interest in wheat and corn reported. soy, oats also move.
Wheat and corn prices advance and retreat in Kansas City and Chicago trading pits. Wet details show No. 2 dark hard wheat at various bids with May to September shifts, while corn and oats list mixed quotes and nearby sangl. Hay and potatoes likewise noted with regional price ranges and shifts.
AP reports government bond closings in New York with Treasury issues shown. 8s June at 106.18, 0s March at 107.23, 4s at 114.9, 4s 4475 at 118.78, 3s 5551 at 106.6.
The Day in Wall Street reports slight gains as stocks close with fractional rises after a sluggish session. Transfers ran about 350 600 shares amid cautious trading and lingering nerves over European tensions, with sentiment improving only modestly.
Answers to questions listed include Fort Dearborn Woodrow Wilson an instrument for measuring water vapor tension and other items. Names appear such as Cleveland Indians Hernando De Soto Mount Everest and symbols like Violet Na Lu plus dates places and organizations.
The official estimate shows a drop of 1.7 points in current week steel mill operations, at 29 percent of capacity, a bottom level not seen since early January. Wall Street gained modestly on predictions of a mid month congressional adjournment while wage hour and spending finance bills drew attention. Rumor of a potential presidential sign on tax revision aided sentiment.
Alfred M Landon Republican presidential hopeful arrives from a Vermont New Hampshire fishing trip and checks into the Waldorf Astoria beside Col Frank Knox his running mate Former President Hoover also occupies a nearby suite on the same floor suggesting a possible later meeting among the three top Republicans in New York May 28.
Fort Riley cavalry school riders won the interpost team championship at the Fort Leavenworth race meet and horse show. Fort Sill placed second and Fort Leavenworth finished third. Lieut. B. S. Cairns won the combined schooling and jumping phases with Scotts Bluff, and Lieut. Col. Frederick Gilbreath won the hunter championship with Nick Carter.
A severe ten minute earthquake jolted northeastern Honshu on May 23 causing substantial property damage with no reported casualties.
The page advertises sedans coupes and tudors with model years from 34 to 36, highlighting Plymouth DeLuxe, Chevrolet Master, Pontiac DeLuxe, Oldsmobile, Ford, Buick, and others. It promotes a large stock of 1934–1936 models including V-8s and town bodies, under Winter Chevrolet Co. branding.
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