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Newspaper
Pendleton Eagle Valley News
Location
Pendleton, Oregon, United States of America
Date
Apr 21, 1920
Page
2
Near month liquidation led the market for coffee futures with May around 14.72 cents and September near 14.75. Late trading saw a rally in nearby months while the General closed lower. Spot coffee remained quiet with No 7 Rio at 15.4 cents.
In Chicago on April 24 Associated Press reports corn showed weakness yet advanced to the top level for May delivery. Bullish crop prospects and renewed confidence about in store supplies helped push prices higher with May at about 12? to 1.72 7-8 and July near 1.66 4-8.
Early trading mixed with provisions edging lower while bull factors faced pressure. Some leaders expected wheat and oats to hold, but crop reports sparked pessimism. Grain prices fluctuated with corn dipping then rising to highs of the season as commodities markets showed cautious sentiment.
Seattle market report from April 21 shows city delivery prices for feeds and grains. Items include feed wheat at 388, all grain chop 75, rolled barley 18, cracked corn 40, timothy mixed 42, alfalfa 40, straw 320, and Puget Sound 8, with various per ton quotes across feed categories.
Steers mainly 15 to 6¢ lower with top at 13.60. Heifers 11.76 to 12.76. bulk yearlings 12.25 to 12.76. Butcher stock steady. Sheep receipts 3500 with best lambs 35 to 35c higher, top 20.85. clipped lambs 17.69.
Settlement day reports show hogs at varying weights with prices from 13.00 to 16.40 and cattle receipts steady with steers and cows quoted in the 7.00 to 13.00 range. New York notes depreciation linked to monetary conditions amid a broadly confident short interview driving speculative sentiment.
The report notes rates easing from eight to six percent in mid season with prices at their lowest levels. Bond demand lagged, some issues posting new lows while internal revenue bonds stayed heavy. The total value of bonds at par reached 14,260,000.
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