Markets Mining and Financial News Trading Small Grain Exchange
Trading in Chicago grain pits was light with a firmer undertone toward session end. Wheat closed higher with December around 1.05 to 1.05% and May near 1.10% while corn and oats advanced slightly and provisions rose on a firm hog market. Cash wheat prices at Minneapolis ranged from 1.14% to 1.28% for various grades with September and December futures quoted. Foreign exchange and metal prices also reported with mixed gains and firm copper and tin readings. Call money in New York remained firm with a 5% ruling rate and modest call loans and commercial paper activity noted.
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United Retail begins dissolution with stock exchange plan
Market notes highlight United Retail Stores dissolving on Oct 15 with stockholders of record Oct 1 to receive 38.85 shares of United Cigar Stores Company of America per 100 United Retail shares. Other items include Pure Oil, Mohawk Mining dividends and a volatile Davison Chemical day in New York trading.
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Market Report: Bar Silver Prices and Money Rates
New York Aug 30 bar silver at 47 percent purity and Mexican dollars quoted. London Aug 30 bar silver at 30 15/16 pence per ounce. Money rate 2 percent per pent.
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Tennis stars to wed in London engagement clash
Two young players, Miss Evelyn Colyer and M P Wheatley, have announced an engagement in London. Colyer drew attention at Wimbledon this year while Wheatley, part of the Davis Cup team, won the English covered courts championship.
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Pat") Wheatley
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