Markets Lift Wheat Prices on German Credit Hopes
Wheat prices rose after reports Germany sought credit and food aid, with May and July futures up while oats were flat. News of possible U S crop bullishness and Argentina weather also influenced traders. Provisions held with hog prices buoyed, and the day saw higher closing wheat values amid light offerings and shifting visible and invisible supplies.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Germany
Sith Gor
Theparations Commission
Washington
United States
Argentina
Cie Dees
Market recap notes mixed rail weakness and stock gains
New York stocks opened with railroad share weakness amid fears of unfavorable legislation and dividend cuts. Despite this, bullish activity persisted in industrials and specialties, led by Corn Products and Continental Can. Traders cited Mellon plan details and reparations talk as buying catalysts as some issues hit new highs while others slid to multi-year lows.
MENTIONED IN THIS ARTICLE
Associated Press
NEW York
Northwestern
Standard
Plis
Soo” Preferred
Omaha
Southern Pacific
Atlantic Coast Line
Lackawanna
Louleville & Nashville
Nickel Plate
Pittsbursh
West Virginia
Board of
Los Angeles Basin
Standard Oil of
California
Invincible
Continental
Wall Street
Standard Ol
Baldwin
Studebaker
United States Steel
American Woolen
Davison Chemical
NEW York Stock Exchange
Lausier-Wolcott Company
Market optimism lifts stocks as oil and copper rise
The market extended gains on favorable European outlook and Melton tax proposals. Oil shares advanced amid California production cuts and potential price rises. copper producers remained bullish. Foreign exchange rates showed mixed gains with diverse demand across major currencies.
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