Wheat and Corn Slide on Export Demand Drought
Market report from Chicago notes weak wheat prices due to weak export demand and large selling, with September at 1.27 to 1.28 and December 1.23 to 1.33. Corn prices fall slightly while oats rise modestly and provisions hold steady. Weather changes and storms in Iowa and Illinois influence buying, with talk of corn imports inland from Atlantic and Pacific ports.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
United States
Missouri
Austria
Argentina
Iowa
Illinois
Atlantic
Pacific
United Straex
New York Stock Exchange session highlights gains and losses
Stocks fluctuated over five hours with nine issues near yearly peaks. Allis Chalmers rose on strong orders, American Can hit a 1924 high, and United States Steel and other majors edged higher. Iron and copper shares advanced while some rail and utility stocks fell on profit taking and Dawes plan expectations. Foreign exchange softened sterling and francs amid mixed European rates.
MENTIONED IN THIS ARTICLE
Associated Press
Chemical
Allis Chalmers
International Business Machine
Gimbel Brothers
Union
General Ameria
American Can
American Locomotive
United States
Baldwin and
Brudebaker
Brooklyn Edison
Brooklyn
Union Gas
All-American Cables
Manhattan
Montana Power
Virginia Railway and Power
Pacific Telephone
Marine Preferred
American International Corporation
American Anaconda
Inspiration
New York Central
Union Pacific
Lackawanna
Illinois Central
International Railways of Central America
NEW York Stock Exchange
Lausier, Wolcott & Co
New High Levels For Many Stocks
Stocks advanced amid signs of swift approval of the German settlement by Great Britain and France. Steel and metal shares led gains as demand rose for copper and silver, with United States Steel hinting at a 50 cent quarterly dividend. Grain and wheat faced selling pressure despite early rallies as foreign demand failed to follow optimism.
MENTIONED IN THIS ARTICLE
Laurier, Wolsott & Co
Britaan
France
Davison Chemica
Metal
Steel Common
United States Steel
Federal Mining Preferred
Conden &7Co
Delaware
Cromwell Ship
Bar silver and money rates from New York and London
Vea cae acceptance mixed collateral and 2 to 6 month terms noted with 2 percent and 3 percent curves for primary commercial paper. Bar silver quoted at 68 1/2 cents per ounce with Mexican dollars at 52 1/2 cents. London reports bar at 116 pence per ounce and money at 8 percent.
MENTIONED IN THIS ARTICLE
Associated Prone
New York
London
Live Hog and Sheep Market Reports from Chicago Omaha and Denver
The U S Department of Agriculture reports hog and sheep receipts and price trends across Chicago Omaha and Denver with mixed movement. Chicago receipts around 24 000 hogs and 15 000 sheep. prices steady to higher for some grades while industry demand remains cautious. Omaha hogs around 9 000 with gains in butcher and light grades. cattle notables show mixed demand and steady to weaker signals. Denver hog prices rise above Mondays levels with most offerings described as up to date and activity noted as mostly steady to higher.
MENTIONED IN THIS ARTICLE
Associated Press
U.S .Department of Agriculture
Chicago
Hosceipis
Department of Agriculture
Omaha
Cattle and Sheep Prices Slipping at Major Markets
Receipts across South St. Paul Los Angeles Portland and Spokane show cattle and sheep markets weak with mixed demand. Fed steers and yearlings steady to lower, stockers and feeders soft, odd lots and lighter weights uneven. Prices listed include hogs and lambs with notable declines in some categories.
MENTIONED IN THIS ARTICLE
St, Raul
Associated Press
Angeles
G's Department of Agricul
Menticulture
Los Anglule
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Tne
Stuupery
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The
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U.S Department of Agriculture
Denver
Metals Bank & Trust CO
Butte, Mont
Finlen, RW
Place, Cashier
JL. Tral
Ansiatant
J. Burke
Aanistant Cashier
Andrew
Davis
R J.B. Stephenson
George A. Mill
Bere
Ace W. A. Clare & Bro
Alex 2
Jenne
Cashler ER Messet Assit Cannier & S. Kakwen
Ascistant Caabler
Doxa
Niin Tee Pint Bank
Tm Batea
Lamb
E. Galena Suite
Mont
Portland
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