Grain Prices Plunge as Wheat Sinks Amid Weak Demand
In Chicago May 16 the wheat market collapsed with prices dropping sharply as demand remained scarce under emergency rules. July and September futures slipped to 2.35–2.40 and 2.06–2.13, then fell below 2.00 before hour’s end, with a further 23 cent drop to 1.38 oats and corn sharing the downward trend. Omaha reports show hogs steady to mixed, cattle receipts large, and varied prices across classes, reflecting a broadly dull market atmosphere.
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Chicago
Senate War Budget Debate Opens in Secrecy
Washington May 16 Senate took up the 3 190,000,000 war budget and closed doors to discuss confidential information for prosecuting the war. The House passed the bill openly as debate loomed on whether entire measure or only war prob lem provisions would be discussed in secret. Secretary Baker urged confidentiality for war appropriations data.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Martin
Weeks
Massachusetts
Baker
Smith
Georgia
Utah Stocks Trade Flat On Local Market Day
Utah stocks showed little movement on the local exchange as traders kept prices near the previous close. Analysts cited steady demand from investors and a cautious tone ahead of upcoming economic data. Companies across sectors posted modest gains and losses, with turnover remaining steady.
Express firms study proposed rate rise with ICC
New York May 16 rumors that principal express carriers will seek higher rates were met by a statement from Adams Express stating their rate structure is under review with the Interstate Commerce Commission. The executive office said the industry is analyzing current charges in connection with the commission inquiry.
MENTIONED IN THIS ARTICLE
New York
Interstate Commerce Commission
Adams Express Company
Children to Form Junk Business for War Relief
Washington May 16 Secretary Redfeld proposed that children form a rag waste paper and old iron business to raise funds for war relief work. He urged every town to organize a group to conduct business efficiently amid rising costs.
MENTIONED IN THIS ARTICLE
Washington
Redfeld
Cily Am
Army Officers on Harvard Role
Six French and two United States officers assigned to training corps join Harvard faculty in Cambridge Massachusetts as part of a program to systematize student guidance. Resignations of R M Yerkes and G C Moore accepted. Yerkes to Minnesota and Moore to California. note on 1850 Boston factory machinery production.
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Cambridge
Mass
United States Army
R. M. Yerkes
G. C. Moore
Yerkes
University of Minnesota
Moore
California
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