Prices Fall as Active Trading Slumps on Wall Street
The Washington Post reports a broad stock market downturn with rail, metals, oils, and tobacco sectors down while a few leaders such as Worthington Pump stocks and Asmo Uated Dry Goods hold gains. The day features declines in copper and coal related issues amid mixed volume and speculation about a coming price recovery tied to political expectations. Bethlehem Steel remains a strong exception amid a large turnover and a pullback in other key groups.
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Chicago Grain Market Shows Mixed Futures Movement
Aggressive buying in corn due to expectations that feed values are below feeding worth but most gains faded on profit taking. May corn rises to 139 3/4 while oats edge higher and provisions fall. Cash grain quotes list No 3 yellow corn around 136 to 147, oats No 2 white 59 1/2 to 60 4, rye and barley variations.
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New York Bond Market and Commodity Notes
New York bond market shows some steadiness with quotes for southern and northern bonds and mentions of metal exchanges and deliveries. Chicago market desk reports hogs, cattle, and sheep receipts with price ranges and steady to higher tones, plus pork values and milk/cheese notes. Philadelphia and New York listings cover hay, grain, and cream prices with regional variations.
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Wheat and corn prices steady on New York spot market
Market notes from Brew Yore Gran New York dated March 5 report spot wheat steady at 2.34 and corn firm at 1.55 with No 2 yellow and white varieties, freight terms included. Cottonseed oil market unchanged as traders await further signals. Prime summer yellows noted in brief.
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