Grain market closes higher on bullish foreign news
Chicago August 28 grain prices firm as foreign signals and domestic crop fears boost markets. Wheat up 1 to 2 cents. Sep at 1.22 1, and December 1.38. Corn gains 1.5 to 2 percent. oats and provisions rise with hogs. Reports of Russia wheat acreage failure and smaller Swedish crop lift values, while hot dry weather in Nebraska and cool temps in Iowa temper progress. Market activity starts strong, fades on profit taking. oats rally with corn. sugar and flour prices noted in mixed reports.
MENTIONED IN THIS ARTICLE
Yrom
Chicago
Canada
Liverpool
Russia
Istic
Nebraska
Towa
Europe
Tay
New York Stocks Open Firm Then Dull On Labor Day Absence
Extreme market dullness marked today’s New York stock action with a firm opening followed by selling pressure led by professionals. Total volume fell below 550000 shares, the lightest full session since mid June, reflecting fewer major operators due to Labor Day.
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Associated Press
New York
International ‘Telephone
Union Tank Car
West
Penn Power
American Water Works
All-America Cables
Youngstown Sheet and Tube
United States Steel Common
Baldwin
Pennsylvania Railroad
New York Central
Pittsburg & West Virginia
French
France
Lauster Fine
Freight and stock notes show year high loadings
In the week ended Aug 16 freight loadings reach a yearly high as Kayser tops at 82 on recovery, Cuyamel Fruit under pressure, American Car Foundry and Railway Steel eyed for benefits from a $25 million Pennsylvania railroad equipment plan. Maxwell Motor shares hit a yearly high at 59, with July earnings optimism drawing buyers. Grain and oil developments also noted, including Montana refinery exports, Kevin Sunburst geological work, and Western European crop warnings.
MENTIONED IN THIS ARTICLE
Lausier
Wolcott & Co
Kayser
Cuyamel Fruit
Cuyamel
American Car Foundry
Pennsylvania Railroad
Maxwell
Isboro
West Virginia
van Sweringens
Pittsburg
Youngstown
Savage Arms
Montana
M Land Oil Company
Doheny Intest
Jib Consolidated
Livestock market report from Chicago and West Coast summaries
Livestock prices move with mixed tones as Chicago runs steady to higher for some hogs and cattle, while sheep receipts show modest strength. Wyoming cattle and Idaho lamb markets hold firm, with notable activity in best yearlings and light weights. Los Angeles arrivals slow with demand softening for wooled lambs and stockers, price quotes showing little uplift.
MENTIONED IN THIS ARTICLE
Los Angeles
Sinter Dept of Agriculture
New York Money Rates Steady Amid Mixed Credit Conditions
New York money markets show call money steady at 2 to 2.5 percent with bids at 2 and offerings at 2. Time loans remain firm with 60 to 90 day maturities around 2 percent. Loans against acceptances quoted at 1 percent. prime commercial paper notable at 3 percent.
MENTIONED IN THIS ARTICLE
NEW York Money
New York
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