Markets and Wheat Market Slumps Track Prices
A chaotic market report shows May wheat futures sliding after delivery alignment confusion. Prices fell across grains as corn faced pressure and funds moved to cover shorts amid weaker cash indications. Traders noted sluggish demand and softening futures with speculative sentiment waning.
MENTIONED IN THIS ARTICLE
Gorn
Leigee
Watt
Jes
Psiroune
Sharp Yestore
Deweriee
Lard
Wall Street Gains and Kansas City Cattle Report
The market edged higher with rails and steel leading as better earnings and oil strength supported gains. Overseas monetary moves and German reparations payments aided short-covering while livestock and commodity quotes in Kansas City showed steady to firm trends across cattle hogs and sheep.
Livestock Prices and Receipts from Chicago Market
United States Bureau of Markets reports cattle and sheep trading in Chicago. Cattle ranges show steady to higher prices with calves at 11.55 to 12.25, stockers and feeding cattle active, and packing sows around 7.25. Sheep receipts noted but details truncated.
MENTIONED IN THIS ARTICLE
Kansas
The
Associated Press
United States Bureau of Market
Kansas City
Texas
United States Bureau of Markets
Chicago
Market strength grows as debt and copper trends rise
A historical market brief notes a stronger tone on light trading. Analysts like Wagstaff Hutton observe a lean stock pool while Hayden Stone cites a drop in goods in stock. Copper inventories hit yearly lows, with September forecasts for U S Steel output uncertain. Cotton shows cautious improvement as prospects for fall demand remain murky.
Market rally continues as traders await financing news
Officials offer no details on moves as talks stall while a flood of data shows mixed results. American Agricultural Cherleat posts a year end deficit of 11.16 million after tax and inventory adjustments, versus a surplus of 5.28 million prior year. Fed reports improving sentiment with accelerating merchandise movement in St Louis district. Dallas exports hit a record 11 021 000 bushels from Galveston. Treasury expected to announce new financing, likely long term bonds. Interborough Transit spared receivership per New York board. Northern Pacific posts July net income of 972 000, up 98 932 from prior month. Great Northern also reports regular dividends. American Can declares regular dividend on preferred stock. Allied Chemical declares 1.5 percent quarterly dividend payable Oct 1 to stockholders of record Sept 15. Oil settlement in Mexico seen as promising, though public skepticism remains. Midday short covering boosts stocks with further gains, notably in Mexican Pete, Marine, International Paper, and United States Rubber as bulls dominate the tone. The market closes strong with broad upside and a powerful underlying trend.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Dallas
Texas
Galveston
United States Treasury
la Guardia
New York Board of Aldermen
Interborough Transit
Northern Pacific
Great Northern
Myers
American
Allied Chemical and Dye
Mexico
Pete
Marine
International Paper
United States Rubber
Sin
Also Mentioned on This Page
Minneapolis
Aita
Joston & Wyo És
Upton
Gresk
Vegreat Wentern
Sreybull & Montana
York
Aus
Steaa
St Louis
Cuba
NEW York Stock Exchange
Germany
New York
Ave
Mexican Petroleum
Syed
City
Packers
Spokane
Assotiave Press
Heilbronner Company
Sumatra
Allis-Chatmaers
Tel ‘& Tot Sans
Baltimore & Ohio
Bosch
Brooklyn
Butte & Superior Ag
Butte ‘Col
Canadian Pacite Calif. Petroleum
Aim
Ohio
AM. & St Ae
Chile
Coca
Cero
Endicott-sonns
Issuo Inspiration
Harvester
Ae Ty Cris
Miami Cope
Petroleum
Missouri
Gentral
He & Ti
Norton
Pan-Am
Pennsylvania Pacific
Oi Ua
Sinclair Oil
Brudebaker Co
Beneca
Beare-Roebuck
Texas Co
Texas & Pacific
Ind
Ay & Sm
Western
Talon
Fon Weatinghouse
Willye-Overland Worthington
Liberty
Laverty
Aon
Boone
Boston
Montana
Arin
Maracaibo
Hercules
Corp. Com
Ryan
Switt & Co
Switt
Basliver
Ati Bkei
Paivea
Rid Armour
Routher
Belfede Movors
Cent ‘Motors
Portland
Mitckell
Best Valley
Sears-Moebuck
Oregon
Stewart
Thompson
Unio
U Wrigley
Asker
Adventure
Algoman
Aifowes
Litik Arizona Balaklava i
Bingham Mines Galimet
Arizona
Ramee
Davi
Butte
Franklin
Hancock
Island
India
Ionawick
North Butte
Old Dominion
Trini
Unite
Moby
Utah Vian
al Ie Ulan
Victoria
Wolverine
Jotte
Barnes-King Bohemia
Bostonoe
Con. Co
Crown Reserve
Agi & Bhoy
Houghton
Majestic
Onio Coppers
Oneco
Unitea “Verd
Jerome
Miami
Saismi
Tron Cal
U Crystal
Cascade
First National Bank Ear of
Cat Capital
Ees
DAVIE
Peal & Durrow Vine
3Berern Eison
Feident ‘St
Groner A. Hil
Pfachier Cal A. FO
J. Dav
Aset
Hutton & Co
Hayden, Stone & Co
Clement Curtis & Co
the Heilbronner CO
Ina
Niigner Creamery
Vane
Helbronner Company
Wagstaff
Hutton
United States Steel Corporation
American Sugar
Coton
Filmine
Railronda
Rock Island
Hayden
United States
Colorado Fuel and Tron Company
Pueblo
Sun- Tis
Doheny
Mexican Petroleum Company
Mexico City
Treasury de Lahorta
Obregon
Mexican Supreme Court
Federal Trade Commission
Jeral
A. Clark J. Ross Clark
J. A. Clark & Bro
Alex
Johnston, Lewitster
American Agricultural Cherleat Company
Federal Reserve Bank of
Intermountain States
the Continental Oil Company
Conoco
U. S. Navy
Auvre Cheyenne
Albuquerque
Denver Pueblo
Great Falls