Market Movements Shrink Corn. Wheat Slips From Upturns
Bearish corn movement and fading wheat gains dominate the market summary. Prices ease across the cereal list with corn and oats down while wheat shows late weakness, aided by ample arrivals and weak export demand. Minnesota and Minneapolis readings report varied cash and futures levels for corn, wheat, oats, rye, and flax.
Stock market surge falters as high priced issues dump
Trading on the New York Stock Exchange remained active with over 2 million shares but a heavy sell off of high priced industrials, led by United States Steel, trimmed gains and produced irregular closing prices. The day featured notable activity in steel, rail and industrials amid a broader market correction.
MENTIONED IN THIS ARTICLE
United States
Sharp Rally Led by Steel as Market Edges Higher
New York reports a meeting of U S Steel directors foreshadowing a potential extra distribution sparked a sharp rally led by steel issues. Motors and oils showed active demand while profit taking varied, with Foundation Company dividend cuts weighing on some stocks.
MENTIONED IN THIS ARTICLE
Logan & Bryan
New York
U. SB. Steel
Baldwin Atta Tienera Motors
Raila
Van-American Issues
Sinclair
Wheat Market Reverses After Early Gains in Chicago
Chicago on December 16 reports wheat trading did not follow early strength as selling by long positions spurred a slide to lower levels. Winnipeg and Fargo activity held steady. Canadian West and U.S. deliveries remained light. Cash premiums on hard wheat rose locally while Minneapolis stocks held steady. corn and oats faced selling, with modest demand and firmer bases on corn and weaker oats.
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Chicago
Longa
Winnipeg
Chi- Cargo
Weixport
Canadian
Alan
Canada
Minneapolis
Kansas City
Copper and metal prices ease on New York markets
Wall street markets show light demand with copper at 13 1 2 cents. tin near 69.25 cents. iron steady. lead 7.80 cents. zinc 7 7.05 cents on spot and futures. London copper futures rise to £64 15s 8d. tin £319 37s 6d with futures at £400 7s 6d. lead £28 17s 6d. antimony £32 18s 6d.
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The
Associated Press
New York
St. Louis
London
Market Quotes Bar Silver Mexican Dollars Decline
The Associated Press reports New York markets on December 16 show bar silver at 53 1 2 cents, Mexican dollars at 40 1 2 cents. Prices reflect fluctuating demand as trading closes for the day.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Foreign and commodity market roundup late in December
In New York on December 16 the Associated Press reports steady foreign exchange quotations with Great Britain at $4.43 13 16 for demand and $4.85 16 for cables, France around 4.00 demand and 4.01 cables, Italy near 4.48 demand and 4.49 cables, Belgium at 13.90 and Germany at 23.79. Chicago markets show poultry steady with assorted prices for fowls, turkeys, ducks, and eggs. potatoes firm with Wisconsin Round Whites at 2.15 to 2.49 and Idaho Russet at 2.75 to 3, butter higher with various creamery grades, eggs unchanged. Duluth flax close at 2.17 to 2.22. Cotton spot in New York at 12.60 cents middling.
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Associated Press
New York
NEW York Stock Exchange
Logan
Bry
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Bosch
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Aenee
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Rte
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Butte Copper
ZIM
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Calumet & Arisona
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Chandler
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Thicago Alton
East Illinois
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One
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Davison Chemical
Eee
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York
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Sherman Lea A. Ant Pere Renauee 1004 | Tamarack American Smelting
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Great Britain
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The
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Russell
Hog Prices Steady As Chicago Receipts Hit 32 000
U S department of agriculture reports hogs receipts at 32 000 with prices mostly steady from Wednesday. Bulk 240 pound hogs bring 11.40 to 11.55 while top paid 11.60 for heavy weights. Pigs around 11.25 and packing sows 10.40 to 10.75. Cattle receipts 16 000 with steer trade 15 to 25 cents lower. price for choice yearlings listed at 14.00 and 1 396 pound cattle at 10.75.
MENTIONED IN THIS ARTICLE
Chicago
U. S. Department of Agriculture
Associated Press
South ST. Paul
Minn
Sitoee
Associated Preas Omaha
U. SS. Department of Agriculture
The
Associates Press
Los Angeles
Department of Agriculture
Cattle and Sheep Markets Falter Across Regions
Live cattle and sheep markets show weakness and uneven demand from South St. Paul to Omaha and Los Angeles. Receipts include 22,000 sheep at South St. Paul with fat lambs lower, 3,500 cattle, 16,000 hogs in Omaha region, and mixed bids across Seattle Spokane and Los Angeles with steers around 7 to 8 dollars, hogs near 11 dollars, and lambs around 11 to 12 dollars per hundredweight.
Copper Output Rises In November Production Report
New York Dec 3 Smelter production of copper in November rose to 92 716 short tons from 87 012 in October the American bureau of metal statistics reports Total crude output was 175 240 tons against 7 039 the month before.
MENTIONED IN THIS ARTICLE
Associated Press
New York
American Bureau of Metal Statistics
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