Grain Marketing Corp faces utility jurisdiction ruling in Illinois
Illinois commerce panel heard arguments on Grain Marketing Corporation and its status as a public utility. The Illinois Agricultural Association argues the firm uses two-thirds of state public warehouse space and assets to justify jurisdiction, while Grain Marketing contends parts would be public warehouses under the commission, but the entity itself remains outside the scope.
MENTIONED IN THIS ARTICLE
Chicago
Illinois Comcroerce Commission
Grain Marketing Corporation
Frank L. Smith
Ulinois Agricultural Association
Illinois
Hlinois Commerce Commission
Wheat Moves Down After Early Rise in Chicago
May 18 reports show wheat prices slipping after an initial uptick as commission houses sell without strong buyer support. May and July contracts fell from opening quotes amid weaker export bids for spring wheat. Corn and oats also ease as demand stalls, while hog values pull provisions lower.
MENTIONED IN THIS ARTICLE
Chicago
Potatoes market signals mixed in national shipments
Chicago May 18 notes show total U S potato shipments at 699 cars with firm trading. Wisconsin and Michigan round whites fetch 1.20 to 1.30 and 1.10 to 1.20 respectively while Minnesota bids 1.10 to 1.20. Florida barrel Spalding Rose sale prices range 6.50 to 6.65 and 3.85 to 4.00 for No 2. Partly graded Alabama Bliss Triumphs and Louisiana Bliss Triumphs move 3.60 to 3.20 and 3.00 to 3.25.
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Chicago
U. S
Wisconsin
Michigan
Minnesota
Florida
Spalding Rose ‘O
Labama
Bliss
Louisiana
Grain market listings from Chicago mid May show varied prices
Chicago grain prices May 12 list Wheat No 2 red at 1.681 and corn No 3 at 1.12 No 2 yellow around 1.21 oats No 2 around 49.14 rye barely listed barley Timothy seed 6.71 cattle feed values include clever 18.00 Yard 15.22 ribs 17.00 hellies 19.37.
MENTIONED IN THIS ARTICLE
Chicago
Ady A4&y
Bellien
Hides Wool Prices and Live Stock Market Report
Idaho hides and wool values listed with salted and green hides, calves and horses priced. Chicago hogs and cattle market updates show receipts around 21 000 hogs and 20 000 cattle, with mixed changes and specific lot pricing across weight classes and regions.
Live stock markets report from Omaha trading on May 13
Hog receipts reach 15 000 with prices mostly 50 to 75 cents lower and near 12. a top hog price 12.10 for 180 pound plus. Cattle receipts 7 800 with steers and yearlings weak to slightly higher, bulk 9.00 to 10.40, top 11.09 for a 1 156 pound lot. Sheep receipts 9 500 with lambs 25 cents lower and heavies down up to 50 cents.
MENTIONED IN THIS ARTICLE
Chicago
California
Omaha
Livestock Receipts and Prices Across Missouri and Utah Markets
Saint Joseph receipts show cattle 2 500 with steers 9.00 to 10.50 top 11.00, cows 3.50 to 16.25, calves 6.00 to 9.50, stockers 6.50 to 9.26. Sheep 7 000 with lambs 14.00 to 15.50. Ogden Utah hogs 1 164 with market at 25 to 40c lower, later 50c lower. cattle 70 head steady with 7 0 0- pound steers at 7.25, sheep 16 326 California spring lambs en route to Chicago Omaha and Kansas City markets, no sales.
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St, Joseph St. Ie
Ogden
Utah
California
Chicago
Omaha
Kansas City
Morey New York Market Summary May 13
Call money easier with high 5 percent and low 3 percent while the ruling rate stands at 8 percent. Closing bid 3 percent and offered at 4 percent, with last loan 3 percent. Call loans against acceptances 34 percent. time loans steady. Mixed collateral 60-90 days 32 percent. 4-6 months 3 percent. Prime commercial paper 3 and 4 percent.
MENTIONED IN THIS ARTICLE
New York
Metals Price Snapshot United States Markets Report
Copper steady at 13 percent electrolytic spot and future. Tin holds at 54.50 spot with 64.12 futures. Iron and lead show no change with spot around 7.90. East St Louis market notes spot at 96.90 with time at 7.00. Antimony quoted at spot.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Exchange Rates Irregular in New York Quotation Roundup
Foreign exchange rates show varied demand across currencies on May 13 with Britain at 4.84 percent, France 6.20 percent, Italy 4.09 percent, Belgium 5.04 percent, Germany 23.869 percent, Sweden 26.71 percent, Japan 39.16 percent, Argentina 39.87 percent, Brazil 10.20 percent, Shanghai 75 percent, Montreal 100 1-32. Cables and 60 day bills included for several nations.
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New York
Great Britain
France
Italy
Belgium
Germany
Holland
Norway
Sweden
Denmark
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Greece
Poland
Sugar and silver markets report mixed gains and steady futures
London bar silver at 31 1 16d per ounce and New York silver at 67 gc. Raw sugar market firm with spot at 4.36c duty paid after 40 000 Cuban and 7 000 Porto Rican bags for May shipment. Demand for refined sugar rises, raw costs up, granulated prices firm, refined futures nominal.
MENTIONED IN THIS ARTICLE
New York
Curbs Oil Prices Reported by New York Exchange
Market update shows Curbols at 2:15 p m with closing quotes across several oil stocks. Continental 25 percent Prairie Pipe Line 12013 Standard of Indiana 65 Standard of New York 44 New paylord 5 Salt Creek Consolidated blank.
MENTIONED IN THIS ARTICLE
Curb Oil
New York
Curbols
Continental
Prairie Pipe Line
Standard of Indiana
Standard of New York
New Paylord
Salt Creek Consolidated
Bond Market Report From New York May 13
Liberty bonds closed with varied results as 1st and 2nd 4s remained blank. U.S government 4s traded around 102.5 and 106.4 with other issue yields listed, reflecting a mixed securities session.
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New York
Liberty Bonds
Sigs
U.S Government
U. S
Sugar Refining directors take no action on common dividends
New York May 13 AP Directors of the American Sugar Refining company took no action toward resuming common dividends. The action left intact the regular quarterly dividend of $1.75 on the preferred shares, despite Pro-Gen's push for a dividend return.
MENTIONED IN THIS ARTICLE
New York
American Sugar Refining Company
All Street
Raw Wool Bill Only Small Part of Suit's Cost
A recent rise in raw wool costs is cited as only a partial factor in the overall price of suits. The article notes that other expenses contribute to the final price and questions if wool alone justifies a major hike.
Wool prices rise as crossbred wools lead global costs
Crossbred wools form the principal part of world woolen cloth. London prices for crossbred wool have roughly doubled since the slump, and finer merino wools show even larger gains. Wool consumption since the war has doubled, suggesting tailors may raise suit prices, though wool is only a small share of total clothing costs.
MENTIONED IN THIS ARTICLE
London
Closing Prices for Major U.S. Stocks and Industrials
A lengthy ledger listing closing prices for a wide range of American corporations and utilities. Names include American Car and Foundry, American Locomotive, AT&T, Coca Cola, General Electric, IBM not listed, several railroads, oil firms, steelmakers, and consumer goods firms with price percentages truncated amid scanning.
Oil shares rise then turn irregular in New York market
Speculators regained control at the opening as oil shares attracted attention from rising gasoline demand and refinery earnings. American Can Mack Truck and U S Industrial Alcohol gained early while Baldwin and other leading rails remained strong later, with total volume near 1.4 million shares.
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New York
American Can
Mack Truck
U. 8
Baldwin
Haile
Speculators blamed for swings in Chicago wheat prices
Washington May 13 Secretary Jardine reviewed a Department of Agriculture investigation finding wide fluctuations in Chicago wheat markets stem from heavy trading by a small group of professional speculators. He noted large public participation after price advances and urged exchange rules to curb over speculation or new legislation if needed.
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Washington
Chicago
Jardine
Department of Agriculture
Board of Trade
Department
New Farm Council Forming At Iowa Conference
Des Moines May 12 AP A new agricultural council backed by leading Midwest farm groups forms at a Farmers’ Union of America conference. The plan aims to secure cost of production plus a fair profit, giving agriculture an authoritative voice. Milo Reno of the Iowa Farmers’ Union chairs the talks. He says farmers, individually and collectively, are responsible for their situation.
MENTIONED IN THIS ARTICLE
NEW Farm Council
Des Moines
Agricultural Council
Gna
Middlewest
Farmers’ Educational and Cooperative Union of America
Milo Reno
Farmers’ Union of Iowa
Farmers face internal menace says Mr Reno
Mr Reno warned that no single authority speaks for all farmers and that current conditions threaten agriculture. He argued the danger comes not from external anarchists but from the present plight within the industry.
MENTIONED IN THIS ARTICLE
Mr. Reno
May Plant Cotton As Sugar Prices Persist
W F Collender, chairman of the federal crop reporting board, said from Washington that farmers may plant cotton this May if current sugar prices hold, following his return from a tour of sugar cane islands.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
W. F. Collender
Federal Crop Reporting Board
Islands
General Thatcher Wins Pimlico Spring Handicap
Baltimore May 13 The $7 600 Pimlico spring handicap capped Maryland racing on closing day with General Thatcher winning. Fhomasine finished second and Spot Cash third.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
General Thatcher
Fhomasine
Spot Cash
Body of Fireman Recovered After Steamer Norman Sinks
A May 13 report from Tennessee states the body of Earl Simonson, a fireman aboard the ill fated steamer Norman, was recovered from the Mississippi River some distance below the sinking point. The disaster last Friday claimed 23 lives.
MENTIONED IN THIS ARTICLE
Tenn
Earl Simonson
Norman
Mississippi River
Tax Reduction Plan Proposed by Brollach for Congress
Washington May 13 AP A program for four hundred million dollars in tax reductions was proposed to President Coolidge today by Representative Bacharach of New Jersey Republican member of the House Ways and Means Committee. He urged approaching new tax legislation from a practical political viewpoint rather than theoretical scientific standpoints.
MENTIONED IN THIS ARTICLE
Washington
Coolidge
Bacharach
New Jersey
House
Ways and Means Committee
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