Markets and grain prices slide amid harvest news
Chicago markets show a broad grain decline with wheat corn and oats down as favorable spring wheat weather and strong Canadian yields temper demand. Reports note weak export calls to North America, slow shipments from Russia to Britain, and occasional Canadian purchases. Prices for cash wheat and corn faltered. Minneapolis cash quotes show mixed strength and London copper and metals edge lower while potato and dairy markets move uncertainly.
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Oil shares lift market as weekly reviews show gains
New York stock activity reflected renewed strength in oil shares while week end profit taking pressed broader trading. Bulls cited bullish reviews of industry and Pan American earnings as factors, with steady but reduced volume and a wide array of net gains across oil issues.
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Hogs and cattle price report from Omaha Sioux City and West
Hogs and cattle market reports from August 27 show receipts near 17 000 hogs and 1 800 cattle in Omaha and Sioux City with steady demand and varying weights. Early hog sales led by lightweights near 12.50 to 14.35 while heavier butchers ranged 11.25 to 14.45. cattle and sheep receipts show mixed trading with steady to firm bids across regions and grades.
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Carriers Show Greater Income Gains Amid Market Tone
New York reports strength in major carriers with July net operating income up 21 percent from a year earlier at Atchison. The market sees buoyant stocks with some buying in Industrial Aepartment and late-afternoon sag after demand cools, while improved demand in other sectors hints at a cautious but positive business outlook. Chicago notes heavy selling in wheat pits pushing prices to new lows, with no major changes beyond shifts in December vs January contracts as traders reallocate positions.
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Wool and sugar markets tone improves in Boston and New York
The Boston wool market shows stronger demand with modest price gains for mid grade wools and steady favorites for finer types as foreign markets improve. The Sugar market closes firm with Sept at 2.49 and refined prices near 5.60, while copper tin and zinc show mixed but steady activity and silver remains strong in New York trading.
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