Grain Market Drops on Profit Taking and Argentina Reports
Chicago grain values weaken as wheat, corn and oats slide after profit taking and lower Liverpool quotes. Traders note lighter domestic receipts, rain in Argentina and persistent country selling while provisional prices show only modest declines. Butter and eggs markets in New York and Chicago also edge unsettled with mixed grade quotes.
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Associated Press
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Bullish surge on New York Stock Exchange ends with mixed closes
A late market rally lifted several issues including Commercial Solvents and West Penn Power, while United States Steel and other majors closed mixed after a day of volatile trading. Rumors of a Fed rate increase were denied as the board announced no change.
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Sugar Prices Steady as New York Market Opens
Refined sugar remained quiet at 3.157 0c for fine granulated with futures nominal. Contracts closed steady with modest trade as 23,000 tons changed hands, December and January at 3.16 cents, March 2.91 cents, May 0.98 cents.
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Associated Press
New York
Foreign exchange figures and Montana Co report
New York December 11 reports easy foreign exchanges with various demand and cable rates for Britain France Germany and others. Montana Company’s report to New York Exchange shows ten months ending October 31 with gross earnings and net income of 2,533,964 after taxes in Seattle Union Stockyards noting steady receipts and strong hog demand.
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Market Liquidation Wallops Traders Amid Rumors
Market observers report substantial liquidation driven by fears of Federal Reserve action and last month’s surge. Oil, metals, and rail stocks show mixed moves as traders lock in gains and reassess valuations. Grain prices hit new highs before profit taking and weather-adjusted corn relief emerge.
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London Silver and Money Rates Report
London market data shows bar silver at 33 1 16 pence per ounce and money rate at 2 1 2 percent.
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London
London Metals Prices and Futures Report
London markets report copper prices with standards at £64 10s and futures at £65 10s. Electrolytic spot quoted at £68 10s with futures at £69 5s.
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London Metals
London
Hog and cattle market report from Chicago as of December 11
Hogs receipts 72 000 uneven mostly steady weighty butchers firm light weight slow underweight steady to 25c higher big packers inactive top 9.90 bulk 225 325 lb butchers 9.50 9.80 170 210 lb 8.40 9.40 140 150 lb 7.25 7.75 packing cows 8.90 9.15 slaughter pigs 6.50 6.75 heavy weight hogs 9.60 9.90 medium 8.90 9.90 light 7.50 9.40 light lights 6.25 8.45 packing hogs smooth 9 9.20 rough 8.80 9 slaughter pigs 5.75 7. Cattle receipts 19 000 weighty fed steers weak to 25c under Wednesday average trade. yearlings down. choice yearlings steady. top 14. many weighty steers offered. bulk quality 9.50 down. fat cattle steady to strong areas. sheep receipts 26 000 fat lambs steady to weak. fat natives and westerns 15.50 16.75 best early 15.85. best held 16. clippers not sold. feeding lambs 14.50 15.25 best 15.50.
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Chicago
Denver Livestock Market Results December Bid Prices
Hogs receipts 7400 slow. early sales steady to 10c lower with mixed weights. Cattle receipts 1300 calves 50 slow. vealers up about 25 percent. fat cows 3.75 to 4.50. heifers 4.25 to 5.50. vealers 9.25. stockers and feeders weak. Sheep receipts 4600 fat lambs mostly steady to 25c higher. high grade loads at 14.70 freight included. feeder lambs not quoted.
Omaha Market Prices for Hogs Cattle and Sheep
Hogs receipts 20 000 with steady to 19¢ lower bulk 210 to 300 lb 9 9 50 top 9 60 desirable 160 to 210 lb 8 25 9 light lights down to 7 packing sows 8 50 8 60 average cost 9 10 weight 17 Cattle receipts 8 000 bulk fed steers yearlings slow weak about 25c lower few prime yearlings 13 steady butcher cows and heifers 18 2 1 lower canners and cutters 19 15e lower bulls steady veals steady to strong stockers and feeders scarce slow weak bulk butcher cows heifers 5 25 650 canners and cutters 2 50 3 50 bologna bulls 3 3 40 light veals up to 106 Sheep receipts 9 500 lambs slow 15 25e lower early sales fed westerns 14 90 15 10 choice lambs 15 35 sheep and feeders steady early top owes 8 90
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Omaha
Associated Press
Neb
Castle-Receipts Slow at St Paul Market
ST PAUL Minn Dec 11 Castle-Receipts 4200 slow open. Local market news notes tender activity and steady demand with limited price movement as buyers observe cautious trading. The report highlights modest gains in some grains and uneven bids across the session.
Live stock market notes reflect mixed day on cattle hogs and sheep
Cattle market shows killing classes weak to 25c lower on most types except desired beef heifers and bologna bulls with steady overall quality. Hogs receipts 27 000 slow and uneven with declines 10 25c or more. light weights down while 190 250 lb hogs bring 8.75 9. Top sows around 8.25 and feeder pigs strong at 6. Sheep receipts 2600 slow with fat lamb bidding about 25c lower.
Los Angeles Livestock Prices Rally Amid Mixed Demand
Cattle receipts slow with fatty cows and medium steers at $4.50 to $7. Some higher bids noted for late string. Arizona feeders around $4.90 for 492 pounds. Calves slow with little sold early. Hogs strong to higher with top at $10.30 and sows around $8.50. Sheep receipts none with choice lambs around $14.
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Los Angeles
Arizona
Southwestern
Market Report from Spokane Cattle and Hogs
Spokane dispatch reports December 11 cattle receipts at 104 with market steady while hog receipts reach 993 with the market showing no notable changes. trading activity remains light and prices steady across categories.
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Portand Market Reports Mixed Cattle and Hog Prices
PORTLAND December 11 market report shows cattle and calves steady with 190 pounds down. Calves medium to choice 190 pounds down at 6 to 8.50. cull and common 190 pounds down at 4 to 6. 190 to 260 pounds 5.50 to 6. 266 pounds up 4 to 6. cull and common 190 pounds up 2 to 4.50. Hogs steady with 1,160 receipts. light weights 160 to 200 pounds 9.50 to 9.85. hogs rough 6.50 to 7.50. slaughter pigs down 1 cent. Thumbs nominally steady, no receipts.
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