Wheat Market Edges Up On British Buying Surge
Chicago and Minneapolis market notes show wheat prices advancing today driven by unexpected Liverpool gains and reports of British buyers re-entering the market. European stocks appear tight. farmers and mills absorb cash wheat, while corn softens on weaker demand. Prices for oats and flax also move, with sugar and metal markets remaining steady amid broad trading activity.
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Chicago
Liverpool
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New York Stock Market Turbulent After Fed Rate Move
Stocks fell sharply on the New York exchange after the Federal Reserve rediscount rate hike then rallied in spots as high grade issues supported by buying pressure. General Motors dipped to about 200 and recovered toward the 208 area while rails like Baltimore & Ohio and Norfolk & Western posted gains. Call money hovered around 15 thousand dollars with foreign exchanges steady in early trading.
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Fails Leaders In Afternoon Rally Stuns Market
New York Aug 13 mixed stock movements followed a heavy early session as gains in late dealings lifted the market. Rail shares like Atchison and Norfolk & Western hit new highs while General Motors and other carriers showed potential dividend moves. Wheat and grain markets remained pressured by winter wheat weakness, with liquidation dominating corn and oaths and a cautious tone ahead of broader buying next week.
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Livestock market recap from Chicago and Omaha
Livestock receipts Chicago August 13 show hogs at 15 000 head, mixed price shifts with choices around 13.60 for 200 pound hogs, sows and heavy weights easing to 12 60. Cattle and sheep receipts also reported with yearlings steady, veal strong, and sheep carrying modest gains though fat lambs weaker in places. Omaha feeds and cattle listings mirror steady to firm demand, mixed prices on yearlings and calves, veal and feeder cattle varying by weight class.
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Boston Wool Market Quiet But Prices Steady Across Regions
The Commercial Bulletin notes a quiet week in U S wool markets with prices held firm. Reports from Boston New York Iowa St Paul and South St Paul show modest demand with varied receipts and mixed quotes for cattle hogs and wool products and a broad range of current commodity listings and bond data.
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Market Tables Reflect Mixed Rates Across Sectors
New York call money firm at 4 percent with firmer prime mercantile paper bidding lower. California cattle receipts rise with varied price shifts. veal and calves show limited gains while heifer and steer classes drift. Spokane cattle and hog totals inch higher with no major price changes.
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Cloaing
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