Upward Swing in Grain Prices Leads Markets Up
The Associated Press reports a broad rise in grain prices led by corn with speculative activity and cautious demand. Corn closed 2.5 to 3 cents higher as traders expect large stocks to be held for higher prices and government actions slow movement from Iowa. Wheat, oats, and provisions moved modestly, cash quotes list several No 1 hard and No 2 yellow values, and Minneapolis shows mixed gains with wheat and flax prices.
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Associated Press
Chicago
Commission
Iowa
Argentina
Omaha
Kansas City
Minneapolis
Timothy
Wall Street Mixed as Markets Hold Despite Positive Signals
Stock prices showed mild reaction and overall weakness in quiet trading on the New York Stock Exchange. Despite favorable developments such as larger dividends and a smaller postwar budget, investors took profits, pushing several industrial and motor shares down while utilities and select issues rose on dividend news.
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New York
Congress
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Republic Steel
United States Steel
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Bloss-Sheffield
Saben
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Believe Market Due for Setback in Busy Session
New York stock list showed reactionary tone with call money at 5 percent and no early softening seen. Traders expected a technical setback after a sharp recent rally as industrials remained favorable, freight tonnage data and Steel company November figures providing mixed cues amid professional selling.
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Logan & Bryan
New York
Steel Corporation
Closing bid rates and loan terms excerpt
The report lists closing bid at 6 percent with last loan at 6 percent. Call loans against acceptances are 4 percent, time loans steady. Mixed collateral 60 to 90 days at 4 percent 5, four to six months at 4 to 5 percent, prime Mercantile paper at 4 percent.
Metal commodity prices chloride New York market report
New York reported copper at 14 1/4 cents electrolytic spot and futures, tin steady at 63.50 cents spot and 62.75 cents futures, iron unchanged, lead steady at 9.26 cents spot, zinc steady at East St Louis 8.75 to 8.80 cents spot and 8.55 to 8.65 cents futures, antimony at 70.50 cents spot.
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The
Associated Press
New York
East St. Louis
London Metals Prices Report Dec 9
London market notes standard copper spot at £59 7s 6d futures £60 7s 6d electrolytic copper spot £65 6s futures £65 158 tin spot £287 108 futures £280 15s zinc spot £34 68 futures £33 17s lead spot £38 6s futures £37 7s
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London
The
Associated Press
Grain market rally as rains boost Argentine demand
Chicago reports distinct weakness in Liverpool with renewed liquidation and sharp drops in wheat prices from recent highs. Rain in Argentina spurred strong buying and short covering pushing prices up, while U S demand remains solid and export trade shows healthy activity. Corn and oats rise on improved demand, with corn showing strong session gains and ongoing farmer reluctance to sell at high prices.
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Logan & Bryan
Chicago
Liverpool
Seaboard
Winnipeg
Shorts
Bar Silver and Mexican Dollars Stand in New York
Bar silver at 69 1-2 cents and Mexican dollars at 53 cents in New York trading. In London, bar silver quotes at 2 pounds 1 sixteenth pence per ounce, with money rates at 3 percent.
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The
Associated Press
New York
London
Sugar Prices Hold Steady As Futures Edge Steadily
New York December 9 refined sugar no change with fine granulated at 5 to 6.50 cents. Futures closed barely steady with about 86,000 tons traded. December at 2.17 cents, January 2.14, March 2.32, May 2.43, July 2.52 cents.
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Associated Press
New York
Hogs Receipts Steady at Chicago Prices
Hogs receipts totaled 26 000 with uneven demand. Lighter weights were active and firm at Tuesday's highs while others showed slower activity. Packers bid up to 10 85 for medium weight hogs and 11 25 to 11 55 for 160 to 180 pound averages. Top reached 11 60 for desirable lots. 140 to 150 pound hogs traded around 11.50 to 11.75. 200 to 300 pound butchers mostly 10.95 to 11.10, sows 9.25 to 9.60. Majority of desirable killing pigs noted.
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Associated Press
Chicago
Market Report From Livestock Yard Highlights Varying Prices
Heavy-weight hogs 10 to 11.90 per pound, packing sows 9 to 10, slaughter pigs 11.50 to 12.25. Cattle receipts 20,000 with few fat steers sold, run uneven and 25 to 50 cents lower, yearlings and medium weights dominating, bulk 8.50 to 10.50. vealers 10.50 to 11.50. outsiders 13 and up. Sheep receipts 14,000 with better grades handy-weight fat lambs steady to a shade lower in spots. early bulk 11.50 to 12, few 15.25. fat sheep 12 to 12.50, feeding lambs 16.75 to 17.10, best at 17.26.
Cattle Prices and Receipts From Sioux City Sale
Sioux City reports cattle receipts of 5500 with slower trading. Killers down 25 cents, stockers steady. Fat steers and yearlings sell around 6.13 to 7.50 for bulk, fat cows and heifers 5 to 10.50, grass cattle 4 to 6.50, veals 4 to 10, bulls 4 to 5.75, feeders 6 to 8.25, stockers 5 to 8, stock yearlings and calves 5 to 8, feeding cows and heifers 3.25 to 6.60.
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Sioux City
The
Associated Press
Cattle and Hog Receipts Report From Los Angeles Market
Los Angeles market reports cattle receipts about 300 head with varied grades. Steers hold firm. calves slow. cows 5.50 to 6.35. good north ern cows 6.35 to 6.50. milk veals up to 1. Hogs receipts 500. prices rise 25 to 35 cents. top price 13.60 for a load. bulk 13.25 to 13.45. sows around 11. Sheep show no sale. lambs 14 to 15. ewes 5.50 to 8.00.
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