Financial Markets End Rally With Broad Decline Across Stocks
A secondary market downturn ended a rally from the prior day, producing net losses of 1 to 6 points in final quotes. Pan-American Petroleum led declines amid rumors of reorganizational plans, while Interborough Rapid Transit and several industrials fell on weak capital needs. Some issues rebounded later. U S steel and others fell, with mixed results across sectors and foreign exchanges holding steady.
MENTIONED IN THIS ARTICLE
Pan-American Petroleum
California
Manhattan Company
Pivotal
United States
Baldwin
Studecur
American Locomotive
General Electric
Commercial Solvents
Nash Motors
Savage Arms
American Waterworks
American Beet Sugar
American Express
Federal Light and Traction
Loose Wires Biscuit
Union Tank Car
U. S
Pere Marquette
Frisco
Rock Island
Lackawanna
Norfolk and Western
Western Pacific
Jeres Gentral
Forei
Wool Prices Slide as Domestic, Foreign Goods Readjust
Boston reports a material slow in wool value declines with ongoing price readjustments. Some fine domestic wools drop slightly due to new price levels for comparable foreign wools and better class delaines remain on a fleeced basis.
MENTIONED IN THIS ARTICLE
Boston
Foreign exchange rates steady in New York trading
New York March 21 foreign exchanges held steady with British demand at 4.77 percent and cables at 4.78. Rates for 60 day bills on banks 4.74, France demands 6.18 and cables 56.18, Germany 23.80, Switzerland 19.28 and Tokio Shanghai at 74 percent.
MENTIONED IN THIS ARTICLE
New York
Mar
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
Switzerland
Spain
Greece
Poland
Czecho-Slovakia
Jugo-Slavia
Austria
Brisk Advance in Wheat Prices
Wheat prices rose today amid export demand weakness and cautious profit taking. May futures reached 1.71%, while July traded about 1.44% to 1.45% up. Corn and oats showed varied moves and provisions mirrored yesterday's decline.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Canada
Texas
United States
Wheat and Corn Prices Mixed in Kansas and St Louis
Market notes from Kanene City and St Louis show May wheat bids around 1.67 to 1.59 with July bids near 1.40 to 1.35 and September near 1.27. Corn prices range from about 1.04 to 1.16 for various grades with May and July bids reported and mixed bid-ask spread.
MENTIONED IN THIS ARTICLE
Kanene City
St Louis
Mar
Flour prices rise in Minneapolis market report
Minneapolis flour market notes Mar 21 with a 15 30 cent gain for flour, patents up to 9.05 9.50 per barrel, bran at 23.50.
MENTIONED IN THIS ARTICLE
Minneapolis
Mar
Sugar futures end steady amid slim New York trading
Sugar markets in New York on March 21 held steady as raw futures barely moved and spots at 4.74 duty paid. A single sale of 20,000 Cuban bags to a local refiner for April shipments was reported, with final prices unchanged except March at 3.00 and May at 3.04.
MENTIONED IN THIS ARTICLE
New York
Potatoes See Mixed Trading With Small Midwest Sales
Chicago market reports a slow morning with 75 car receipts totaling 4.85. Wisconsin sacked round whites sold sparsely from 1.00 to 1.15, Michigan bulk Russets around 1.16, Idaho sacked Russets 2.35 to 2.50, small sales overall.
MENTIONED IN THIS ARTICLE
Chicago
Isconsin
Michigan
Idaho
Russetta
Butter and egg markets steady with mixed receipts data
New York reports butter and eggs steady with higher cheese, live poultry mixed by freight. Chicago shows creamery extras at 48 percent, standard 48 percent, higher prices for firsts and varied receipts for cases, storage pack firsts at 30 percent.
MENTIONED IN THIS ARTICLE
New York
Chicago
Mar
Silver prices in London and New York markets
Bar silver quoted at 31 4 per ounce in London and 67 1/2 per ounce in New York Mexican dollars valued at 52 per unit in reports dated March 21.
MENTIONED IN THIS ARTICLE
London
Mar
New York
Liberty bonds and U S government notes market report
New York fixed income closes show Liberty bonds at 3s 101.16 and 4s near 101.20 to 101.29 with 4s across several series. U S government 4s trade around 100.17 and 100.29 for the 2nd and 4th issues, while 48 101.19 and 19424 101.29 reflect other bond positions.
MENTIONED IN THIS ARTICLE
New York
Mar
Liberty
U. S
Livestock Market Report From Los Angeles March 21
Cattle receipts moderate with steers 25 to 40 cents higher and stockers mixed. Top steers around 9.00, bulk 8.36 to 8.86, cows 6.00 to 8.76, milk cows up to 14.00, weights 185 to 199 pounds at 6.69 to 13.00. Hogs light demand, prices about 25 cents higher. top 14.50, 160 to 200 pound butchers 13.78 to 14.26, 140 to 166 pound 13.25 to 13.50, most 119 to 128 pound 11.56 to 13.86. Packing sows 11.60 to 11.75.
MENTIONED IN THIS ARTICLE
Los Angeles
Mar
Texas
Cattle and Hog Market Report From San Francisco and St Joseph
Cattle weekly receipts amount to 2100 head in California with Utah and Nevada supplies. prices vary by load and grade, calves and veal limited, hog receipts 7200 with slow pork trade and loads diverted from other markets. sheep market weaker with spring lambs soft. In St Joseph, hogs at 13.40 to 13.90 top, cattle 8.55 to 11.25, calves 4.00 to 8.50, sheep steady with lambs 14.25 to 15.75.
MENTIONED IN THIS ARTICLE
San Francisco
California
Nevada
Utah
Oregon
Kansas City Cattle Receipts Down. Week’s Markets Mixed
Kansas City reports 300 cattle and 160 sheep for the week with yearlings and handyweights 25 to 60 cents lower, heavies 40 to 60 cents down, calves 50 to $1 lower. Beef steers 8.50 to 10.50, cows 4.75 to 6.50, vealers 8.75 to 9.75, stockers 25 cents off. hogs steady near 13.50 to 13.90, sheep 25 cents lower with top lambs 15.00 and ewes to 10.15.
MENTIONED IN THIS ARTICLE
Kansas City
Mar
Omaha market cattle hogs receipts and prices report
Hog receipts 4 500 market strong to 15 cents higher than Friday. Desirable 150 to 200 pound hogs 13 25 to 13 65. Top 200 to 300 pound butchers 13 90. Cattle: fed steers weak to 25 cents lower, stockers and feeders weak to 26 cents lower. Butcher cows 5.00 to 8.75, veal uneven, heavy beef bulls 5.75 to 6.26, stockers 6.75 to 8.00. Sheep none. lambs 75 cents to 1.50 lower.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Mar
Portland cattle and hog prices hold steady in week’s market
Portland Oregon March 21 cattle prices compare with week: steers 6.60 to 8.75, cows and heifers 5.50 to 7.00, top heifers 7.25, canners 2.50 to 6.00, bulls 3.60 to 5.50, light veal calves 11.50 to 12.00. Hog prices advance 25 cents for light butchers, 25 to -0e for others. week’s bulk butchers 14.00 to 14.20, heavies 13.75, packing sows 11.50 to 12.50, pigs 13.00 to 13.50, feeder pigs 11.00 to 11.50. Sheep steady with receipts mostly contract sales.
MENTIONED IN THIS ARTICLE
Portland
Ore
Erie
Hogs and Cattle Prices Reported at Chicago Market
Chicago hog receipts 5 000 many at 10 to 15 cents higher than Friday light weights 10 to 15 cents up close top 14 15. Cattle receipts 500 demand rally expected next week fat steers 15 35 cents lower inclines 11 90 for extreme heavies long yearlings 18 26 veal calves 10 to 11 50 stockers and feeders down 7 25 to 8 59 sheep receipts 400 weekly 23 000 direct and 208 from feed stations killing classes 1 00 to 1 25 lower with bulk prices for fed steers 8 50 to 10 76 cows 6 00 to 7 00 and heifers 7 25 to 8 75.
MENTIONED IN THIS ARTICLE
Chicago
Stock Prices Sink to Year’s Lows on Wide Market Selloff
Weerk reports a drastic weekly decline in New York stocks driven by St. Paul receivership, wheat price drops, and weak public following. Rail and oil shares slide. some gains seen late week as Mellon Hoover notes reassure, and Pan American rally supports oil and copper weaken.
MENTIONED IN THIS ARTICLE
New York
Mar
St. Paul Railroad
Standard Industrial
Ratis
St. Paul Securities
Mellon
Hoover
Weil
Mexico
Standard Is
Indiana
St. Paul
Northwest
Union Pacific
Norfolk and Western
Pittsburg
West Virginia
United States Steel Common
Baldwin
American Woolen
Marland
Anaconda
Kennecott
Sears & Roebuck
Northern Pacific
Delaware
Lackawanna and
Western
Great Northern
Plenty of Luck in Speculation but Mostly Bad
An admonition against relying on luck for income. The piece contrasts luck in finance with steady accumulation through regular deposits and investments, urging the reader to use a steady “steam roller” approach rather than the uncertain “will o’ wisp” luck for surplus funds.
Actual Condition of Clearing Banks and Trust Companies
The week’s actual condition shows a deficit in reserve of 21 819 470 dollars, a decrease of 15 431 000 dollars. The report covers New York banks and trust companies for the period ending March 21.
MENTIONED IN THIS ARTICLE
New York
Wheat Market Turbulence Sinks to New Low After Goverment Probe
Chicago reports a volatile week with wheat tumbling to 1.51 a bushel for May after heavy selling by speculators. Prices across grains fell and provisions rose, as European arrivals and anticipated exports tightness press market. Demand for corn remained weak, oats varied, and hog provisions moved higher amid drought and export outlook.
MENTIONED IN THIS ARTICLE
New York
Stocka
Interborough
St. Paul's
Chicago
Secretary of Agriculture
Europe
Antwerp
Berlin
Kansas
Canada
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Max. Motors
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