Wheat Gains Fueled by Seaboard Support at Market Open
Wheat prices rose with 2.5 to 3 cent gains as Seaboard connections and local traders spurred a bullish session. September and December contracts traded around 1.60 per bushel. corn and oats followed the uptrend with provisions also higher. Minneapolis and Winnipeg markets showed sharp advances amid weather and export demand notes.
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Chicago
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New York Stock Prices Ease After Heavy Selling
Wall Street faced a reactionary day as large selling drove losses across motor equipment rail and merchandising shares while some leaders in old and non ferrous metals gained. Oil stocks showed unexpected strength despite crude price cuts as Belgian debt news buoyed sentiment, and several leaders hit new 1926 highs before trimming gains.
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Absorbs Liberal Stock Offerings Hits Market Tone
The market opened irregular as liberal offerings weighed down trading and caused volume to swell in rail and steel sectors. Wheat led gains with strong buying from major houses while corn and oats posted firmer tones amid active trading and light country
U.S. Livestock Prices Across Several Markets
Market reports from Chicago to Spokane show mixed cattle hog and sheep receipts on August 19 with top live weights and prices noted. Receipts ranged from 1,000 to 17,000 head in cities including South St Paul Spokane Portland Sioux City and Sioux City with varying demand and steadiness to slow selling.
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