Wheat market slips on bearish signals and Canada risk
The wheat market declined for the first time in nearly a week amid European selling and weak buying. News of a Canadian grain enforcement and rejection of British settlement ideas weighed on sentiment, with seeds of a potential price drop across Western Canada and US imports.
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Oil shares sink and rebound as market ends higher on New York day
Heavy selling of oil shares driven by gasoline price cutting in midwest and south unsettled early trading on the New York Stock Exchange. A brisk late-day recovery left many stocks with net gains, while world currencies fluctuated and sentiment remained cautious amid European developments.
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Stock market rally after oil drags and German
The market recovered through the session as oil declines eased and new German chancellor remarks plus Washington policy signals buoyed sentiment. Oil selling subsided, short covering dwindled, and the list moved toward stronger footing with expectations of further gains. New York Stock Exchange totals showed 538,500 shares traded and bonds at $7,306,000.
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Foreign exchange quotes and call money report
New York August 14 Associated Press lists irregular foreign exchange rates with demand and cable figures for major currencies including Great Britain France Italy and Belgium among others. Call money steady high at 4 percent with last loans at 4 percent and time loans firm at 5 percent for 4 to 6 months commercial paper.
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Copper and metals prices steady in New York market
Copper electrolytic and other metals show steady spot and futures as of August 14. Lead holds at 6.40 to 6.75 cents, zinc steady in East St Louis at 6.25 cents. Antimony quoted at 7.87 cents in spot market.
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London Metals Market Snapshots Aug 14
London notes quick bids in metal markets with Standard copper at 63 pounds futures 64 128 64. Electric metal spot 69 10s futures 70. zinc spot 24 pounds futures 25 175 64. zinc spot 21 15s futures 31 6s.
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