Wheat Markets Edge Higher Amid Rust Fears And Trade Notes
Markets, mining and financial news report higher wheat prices driven by demand and weather worries including reports of black rust spreading to Argentina. Cash quotations show No. 1 hard wheat around 1.70 to 1.76 with December at about 1.70. Oats, rye, flour and butter–egg markets are listed with mixed movements, while futures tighten and forecasts suggest rain in Argentina may boost supply concerns. In Minneapolis and Duluth grains, flax and flour prices are given, and Chicago sugar and potato markets show varied activity with steady butter and cheese prices in New York trades.
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New York Stock Market Sees Improved Tone Across Rails
Stocks rallied as rails and oil shares led gains while public interest in railroad consolidations rose. Major index movers included United States Steel, General Electric, Nash Motors, Woolworth, American Water Works, and United States Steel with several near record levels amid renewed expectations of legislation.
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France
Briand
Traders Buying on Expected Rise in Aige
New York reports heavy buying to drive a rally as bankers consider rate hikes in Britain and the U S. Weather and supply fears buoy grain markets. Wheat futures surged with outside trade improving, while corn and oats rose earlier but failed to sustain gains amid large receipts.
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Chicago
Dec. T
Winnipeg
Liverpool
Live stock market rounds up mixed hog and cattle bids
Chicago and several markets report hog receipts around 48 000 with prices 10 20 cents lower and top bids near 11 60. Cattle receipts about 16 000 with feeders steady to weak and steers around 18 top, lambs 16 50 to 16 75. Denver and Omaha show similar weak to steady tone with hogs averaging 10 65 to 10 85 at Omaha and mixed cattle prices across regions.
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The
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Financial notes from New York and London markets
Associated Press reports call money ease in New York with rates near 5 percent and 90 day acceptances around 4 percent. Copper prices hold steady while antimony copper futures show limited movement. London metals markets quote standard copper around 60 to 61 pence with futures around 60 to 61 pence, and tin, lead prices listed with various futures figures.
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Associated Press
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York
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Cattle and Hogs Mixed Steady to Higher in West Coast Markets
Cattle receipts around 300 with steady to slightly higher quotes. best feeders $8.65 to $9, feeder calves and stockers mixed. Hogs receipts 201 with steady to 11.50 for choice loads, sows weaker, underweights around 10.50. Sheep receipts 408 in Los Angeles with no major price changes. calves and bulls show little movement. Portland reports sparse activity with nominal steadiness across cattle and sheep.
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Dionday
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