Stock Market Turbulence Persisted Amid Political Pressures
In New York on June 7, traders faced extreme nervousness over political credit conditions, triggering heavy stock liquidations and aggressive short selling. Call money fluctuated around 5 to 6 percent as fears of Fed rediscount rate hikes grew. Major firms urged customers to limit commitments until after the presidential conventions. Several high priced issues fell sharply while others tumbled 3 to 5 points. Rail, industrials, and tech shares underperformed with mixed rebounds and renewed selling pressure. In Salt Lake City potato shipments for June 6 and New York call money rates rounded out the market mix.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Commission Houses
Adams Express
U. S
Case
American Express
Lambert
Menha
General Motors
Chicago hog and cattle market report with mixed prices
Hogs receipts at 38 000 slow but steady with Wednesday averages. Top 10.15 for 200 to 250 pound hogs. Cattle receipts 9 000 with light yearlings good, heavy steers slow and mixed yearlings around 15.00. Vealers and stockers near 11.75 to 13.00. Sheep receipts 15 000 very slow with fat lambs down 50 to 60 cents, yearlings down 25 cents or more, ewes 475 4865 for medium to choice.
MENTIONED IN THIS ARTICLE
Chicago
Kansas City
Bert
Arizona
Omaha
Cettle
Cattle and hog markets mixed with slow bid in Kansas City Omaha reports
Kansas City and Omaha auction notes report mixed cattle prices with steady to lower bids and scarce classes. Fed steers and yearlings uneven yet mostly steady, vealers strong, and sheep lambs soft. Hogs slow with some declines. stock pigs steady. Additional brief notes from Ogden.
Market report on prices for metals and alloys
New York June 7 AP market notes list copper spot and futures up 14 percent, firmer at 49.87. lead dull with spot New York 63.0, East St Louis 20. zinc quiet with East St Louis spot 12.15 and futures 15 percent. antimony spot 10.25. Iron quiet and unchanged.
MENTIONED IN THIS ARTICLE
New York
East St
East St Louis
Poultry Receipts and Roadway Project Update in Illinois
Chicago June 7 AP Poultry alive receipts list two cars fowls weak balance steady with figures for various fowl types. The report notes a new roadway linking Wallace Kelozy highway with Bir Creek road at Shout Head station as part of local infrastructure plans.
MENTIONED IN THIS ARTICLE
Chicago
Brellere
Brellers
Roosters
Wallace
Wallace-Kelozy Highway
Bir Creek Road
Shout K.head Station
Raw Sugar Market Shows Little Activity in New York
The raw sugar market opened firm with no reported sales and Cuban duty paid at 430. Prices held steady as futures rose briefly on cover and renewed buying before backing off midday. New crop months priced lower amid reports of larger Cuba yields and a higher Java crop outlook. Refined sugar remained at 05 to 6.10 for fine granulated with steady demand.
MENTIONED IN THIS ARTICLE
New York
Cuba
Grain Takes Break In Day's Reports
Late reports of showers in the Dakotas and Minnesota followed heavy rain in Canada causing a split in wheat values. Canadian spring wheat crop now two weeks ahead of last year with slow export demand for North American wheat despite price steadiness. Wheat fell about 25 to 30 cents, corn and oats off modestly, provisions unchanged to 30 cents lower.
MENTIONED IN THIS ARTICLE
Chicago
Dakotas
Minnesot
Canada
North America
Butter and eggs prices and receipts reported in Chicago
Butter prices dip and receipts rise as creamery extra and standard grades noted. Eggs advance with strong case counts, firsts and ordinary firsts showing higher values and storage packed extras around 29 percent.
MENTIONED IN THIS ARTICLE
Chicago
Potatoes Receipts and Market Movements Across States
Chicago reports 102 car shipments on track 256 and total U S shipments 880. Market steady with slow trading. Bliss triumphs in Alabama Texas and Louisiana under varied quality. Prices listed for barrels and sacks across North Carolina South Carolina California Wisconsin Idaho with mixed demand.
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Salt Lake City
U. & Shipmen
Alabama
California
Idaho
Meine
Minnesta
North Caroline
South Carolina
Texas
Wisconsin
Chicago
U. S
Alabama-Texas
Bliss
Louisiana
North C
Ina
Market Reports From Minneapolis and New York
Minneapolis prices for flour up 10 cents per carload with family patents quoted 825 to 835 a barrel in 98 pound cotton sacks and shipments totaling 31 229 barrels Bran prices range 28.00 to 28.50. In New York curb quotations show Continental at 011 17' Electric Bond & Share at 107 and 116 for preferred, Electric Investors 68, Gut Oil of Pennsylvania 128, Hecla Mining 18, National Power & Light preferred 1083, Salt Creek Consolidated 6, Standard 611 of Indiana 76.
MENTIONED IN THIS ARTICLE
Minneapolis
New York
Continental
Electric Investors
Gut Ol of
Pennsylvania
Hecla Mining
National Power & Light Preferred
Salt Creek Consolidated
Standard
Indiana
Grain and seed prices listed for Chicago markets
Chicago reports closing prices for wheat corn rye barley timothy seed clover seed and other commodities on June 7. No. 2 hard wheat 1.47, No. 1 northern spring 1.42, corn No. 2 mixed 106 a 13, White beans prices shown for multiple grades.
MENTIONED IN THIS ARTICLE
Chicago
Wales
Utility rights to state views defended at electric association
Franklin T. Griffith of Portland Electric Power Co defended public dissemination of utility views at the National Electric Light Association convention. He argued against misstatements used to oppose private ownership and urged duty to counter false claims. Dean Malott noted utilities support business school research and that advice on utility education funding has not been sought from contributors.
MENTIONED IN THIS ARTICLE
Atlantic City
N. J
National Electric Light Association
Franklin T. Griffith
Portland, Oregon
Dean W. Malott
Graduate School of Business Administration
Farvard University
Rexall Orderlies Offer Quick Relief for Constipation
A Battle Creek physician claims constipation causes much misery and promotes relief with Rexall Orderlies. The tablet draws water into the colon to soften waste and promote a gentle natural movement without habit. Buy 24 for 25 cents at Rexall Drug Stores.
MENTIONED IN THIS ARTICLE
Battle Creek
Rexall Orderlies
Rexall Drug
Ady
Masked men raid Florida precinct amid election fears
Two election inspectors Ulmer Hawkins and Henry Airth were shot and wounded as three masked robbers raided a Tampa precinct where ballot counting neared completion. Authorities suspect a deliberate plot to steal ballots and alter a tight sheriff and county offices race.
MENTIONED IN THIS ARTICLE
Tampa
Fila
Ulmer Hawkins
Henry Airth
Adierika Claims Quick Relief For Long-Standing Stomach Gas
An advertisement touts Adierika as a rapid remedy for chronic stomach gas and sourness, promising relief within ten minutes. It claims cleansing effects on both upper and lower bowels and urges readers to visit Whittieser's Pharmacy for a dramatic transformation.
MENTIONED IN THIS ARTICLE
Adierika
Ed Belland
Adilertica
Whittieser's Pharmacy
Adv
Market Receipts and Prices Sluggish Through Early Trading
Cattle receipts total 733 with 205 in transit as drives and sales run steady to lower. Butchers report bids about 15 cents below yesterday. loads of heavy weights brought 9.75 and light weights 9.09. Light drive-in lambs and sheep show mixed, with cattle feeds steady and feeder heifers around 7.75. Sweep receipts list 18 592 including 18 527 Utah pose lambs in transit, two decks loaded with lambs weighed locally.
Seamen’s Union Publishes 12 Month Vessel Ban
At a strike meeting of the Seamen's Union in Sydney the man was charged with carrying tales to the mate about fore castle happenings. The bosun explained, but the meeting ordered he give no further notice of leaving and barred him from re employment with the Commonwealth Line for 12 months.
MENTIONED IN THIS ARTICLE
Commonwealth Line
Moreton Bay
Sydney
Australia
Seamen’s Union
Tion
Hi Ity
Nobure
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