Grain prices reach new highs in weekly market review
The Department of Agriculture reports a week of rising grain values led by wheat and corn gains, with oats lifting in step and rye and barley lagging. Tight supplies, strong domestic demand, and a Buenos Aires price surge propelled prices, while foreign markets showed unsettled conditions and tighter milling dynamics.
MENTIONED IN THIS ARTICLE
Department of Agriculture
Liverpool
Chicago
United States
Buenos Aires
Argentine
Farm Prosperity Is Basis For Street's Bull Market
The piece argues farm income will rise to about 12 billion dollars in 1924 25 from 11.5 billion in 1923 24 and 9.55 billion in 1921 22. It notes uneven gains across regions highlights West and grain zones and cites Woolworths mail order growth while warning that farmer prosperity hinges on self readjustment and policy shifts. It contrasts Canadian wheat farming advantages and stresses capital costs and future farm demand as railroads tires and consumer goods respond.
MENTIONED IN THIS ARTICLE
S. S. Fontaine
New York
Wall Street
Secretary of Agriculture
Congresa
Middle West
Woolworth
Canada
Winnipeg
United States
Grain Prices and Flax Demand Reported
Prices for barley and feed grades rose with No 3 barley at Milwaukee at 1 per bushel and Chicago feeding grades at 91 cents. Strong flax demand supported No 1 seed selling 1c-8c over December, rising about 20% in Minneapolis and closing Friday at $2.85.
MENTIONED IN THIS ARTICLE
Milwaukee
Chicago
Minneapolis
Fog Blankets London Stock Market Depression
A special cable dispatch from London reports persistent yellow fog over the city weighing on the stock market amid the holiday slump. Rail workers wage demands threaten railway stocks with estimated costs, while renewed interest in the 4 percent Greek loan of 1910 adds to market activity and uncertainty.
MENTIONED IN THIS ARTICLE
London
Anay
Import and Export Tonnage Decreases
Combined water-borne foreign commerce for the fiscal year ended June 30 1924 was slightly less than the preceding year. The Shipping Board's research bureau announced yesterday that the export tonnage total of 49 200 000 tons was a per cent increase over that of 1925 but the import aggregate remained uncertain due to incomplete figures.
MENTIONED IN THIS ARTICLE
Shipping Board
Research Bureau
Howell Barkley Bill Action to Be Delayed
Supporters of the Howell-Barkley bill to abolish the railroad labor board will not seek House action today. They accept Representative Longworth's adjournment plan after the memorial service for Woodrow Wilson, aiming to push the measure on the first Monday in January after Christmas recess. The bill would create a new system for adjudicating railroad labor disputes.
MENTIONED IN THIS ARTICLE
Railroad Labor Board
House
Representative Longworth
Woodrow Wilson
Representative Barkley
Kentucky
Bond issue plans and Weston Electric stock offering
Central Leather Company will retire its 5 percent bonds maturing next April by selling a new 15 million dollar issue of 6 percent, 20 year bonds at 95. The Weston Electric Instrument Corporation will offer 109000 shares of class A stock at 25 dollars each, with one fourth share of common stock attached.
MENTIONED IN THIS ARTICLE
New York
Central Leather Company
Kuhn, Loeb & Co
Weston Electric Instrument Corporation
United States
Forward Movement in Grain Prices and Industrial Revival
New York reports show renewed business activity with U S Steel unfilled orders rising 506000 tons in November. Rail car loadings hit a record, grain futures climb as wheat tops 1608 a bushel while cotton slips. exports up, government crop yields rise to 13153000 bales, and gold shipments to Europe and India reflect stockpiling amid cautious optimism.
MENTIONED IN THIS ARTICLE
New York
A. P
U. S. Steel Corporation
Europe
India
Reichsbank
Bonds Recover After Days of Uncertainty
Uncertainty over a possible rise in the local Federal Reserve bank rediscount rate and firmer money quotations caused erratic bond price moves last week. Prices swung but later recovered as the 3 percent rediscount rate was maintained, with trading unusually active despite the absence of sensational price shifts.
MENTIONED IN THIS ARTICLE
New York
A. P
Federal Reserve Bank
Reserve Bank
Weekly Bond Market Recap Signals Mixed financier activity
Trading volume topped 25 million daily as Liberty bonds dominated moves amid rate fears. Erie nickel plate merger lease terms spurred a late rally in railroad bonds while Missouri Pacific and MK T dividends lifted related issues. Total financing declined week to week though foreign loans eyed for year end. Belgian Greek Dutch Sao Paulo financing discussed for near term issuance.
MENTIONED IN THIS ARTICLE
Erie Railroad
Chesapeake and Ohio
Erie
Missouri Pacific
Missouri, Kansas, Texas Railway
Tobacco Prices Higher In Lynchburg Market
Lynchburg Va Dec 14 The dark loose leaf tobacco market last week was active with offerings totaling 695,700 pounds most late in the week bringing 1924 crop sales to 2,806,400 pounds The weekly average price was 21 15 and all grades sold at strong fancy demand Market closes Friday for Christmas holidays.
MENTIONED IN THIS ARTICLE
Minneapolis
Kansas City
Kansan City
Invenor
Kansas
Iowa
Oklahoma
Suthwest
Lynchburg
Treasury dates close on new bonds earlier than planned
The Treasury will close subscrip tion books for the new long term 4 percent bonds on Saturday December 20 after receiving more than 1.4 billion dollars in cash subscriptions and over 500 million in maturing securities offered in exchange. The plan allows 10 days earlier closing and no limit on exchanges for Third Liberty loan 4% bonds and related notes. definitive bonds start bearing interest soon.
MENTIONED IN THIS ARTICLE
Treasury
The
Also Mentioned on This Page
Northern
Ian Pices
New England
Henry Ford
Mother
Dudley F. Fowler
Bank of America
Fowler
Russia
Argentina
Great Lakes
Texas
Louisiana
Pennsylvania
California
Maryland
Tribune
Tog
Perpetual Building Association
N.W
James Berry
Joshua W. Call
Ralph W. Lee & Company
Colorado
Equitable Co-Operative Building Association
Equitable
Fst
John Joy Edson
Frank P.reeside
Sec’y
Liberal Commission
Welch
Fenner & Beane
Romx
Wm. E. Lewis
New Willard
Washington
15Th & N.Y. Ave. M
D. C
Real Estate Mortgage and Guaranty Corp
L. E. Breuninger
Jackson Place
Weston Electrical Instrument Corporation
Tao
Edward F. Weston
New Jersey
Edward Weston
Newark
N. J
American Appraisal Company
Messrs. Ernst & Ernst
Messrs Ernst & Ernst
New York Stock Exchange
Hornblower & Weeks Hambleton &Co
Offic
Ieved
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