Wheat Prices Slip on Argentine Crop Outlook and Trade
Wheat fell 1% to 2% as Argentine crop estimates and government stance weighed on the market. Late rallies were reversed by official figures and ambassadorial statements, with corn and oats following wheat trends and provisions steady. Cash quotes show mixed grades across wheat, corn, rye, and barley amid fluctuating butter and egg markets in New York and Chicago.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Argentina
Liverpool
Washington
Canada
Oil shares surge amid merger rumors sparks New York trading
Revival of activity lifts oil shares with Pacific Oil leading gains as rumors of California merger and rising crude prices boost demand. Industrials drift while rails gain on profit taking. United States Steel ends higher as General Electric jumps nearly 10 points amid broad market fluctuations.
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Associated Press
New York
California
Pacific Oil
Sinclair
Standard Oil
California Petroleum
Houston
Chicago & Eastern Illinois Common
Preferred
Northern Pacific
Canadian Pacific
Chicago Northwestern
Southern Railway
United States Steel
General Electric
National
United States
Chrysler
Stewart-Warner
Flour and potatoes market notices from the Midwest
Minneapolis reports flour prices down 10 to 15 cents with family patent at 9.20 per barrel and bran at 26.50. Shipments reach 45 198 barrels. Chicago notes potato receipts 60 cars, US shipments 441, market steady amid cold weather, Wisconsin Minnesota round White potatoes selling 3.40 to 3.75.
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The
Associated Press
Minneapolis
Chicago
United States
Wisconsin-Minnesota
Sugar prices hold steady as New York market closes
Refined sugar unchanged at 6 to 5.50 cents per pound for fine granulated amid light demand. Futures closed irregular with about 28,000 tons traded. December deliveries 2.23 cents, January 2.31, March 2.35, May 2.49, July 2.69.
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Associated Press
New York
Profit-Taking Influence Felt As Markets Waver In New York
Mixed moves marked trading with short covering and endweek activity. The New York Federal Reserve rate at 3 percent boosted a wavering tone while rails saw limited gains. Oils rose on merger talk and copper held around 14.5 cents, with money markets firming to about 4 to 4.5 percent.
MENTIONED IN THIS ARTICLE
Logan
Wheat market slides after erratic Chicago trade
Wheat prices fell sharply from earlier rallies amid rain fall reports in Argentina and Liverpool closing, with liquidation closing the day. Corn and oats showed softer undertones while rye rose early then slipped. export demand remained tame and Minneapolis stocks rose.
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Logan & Bryan
Chicago
Liverpool
Northwest
Minneapolis
Boston Wool Market Shows Mixed Activity and Steady Prices
The Commercial Bulletin reports modest turnover in the week with stronger activity toward week’s end in fine wools, especially Australian and domestic territory types, prices aligning with replacement values. Mohair remains quiet and steady as regional fleece quotations and scoured bale prices across states from Texas to Oregon are listed.
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Boston
Commercial Bulletin
London
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West
Texas
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Delaine
Michigan
New York
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Delaing
A. A
Metal Market Report Shows Stable Copper and Tin
Copper holds 14% to 14 cents, electrolytic spot and futures. Tin remains firm at 62.62 cents spot and 61.75 cents futures. Iron, lead, zinc, and antimony show steady prices with East St. Louis zinc at 8.70 to 8.76 cents spot and 8.50 to 8.60 cents futures.
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Associated Preas
New York
East St. Louis
London Metals
The
Associated Press
London
London Metals and New York Money Rates
London metals report shows spot and future prices for copper tin lead and zinc with precise figures. New York money market notes firmer call money, ruling rate and call loans against acceptances with terms for time deposits and mercantile paper.
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NEW York Money
The
Associated Press
New York
Prime Mercantile
Foreign exchanges fluctuate in New York market
On December 18 in New York the foreign exchange market showed irregular quotations in cents. Great Britain demand at 4.84 percent, cables 4.566, 60 day bills on banks 4.20. France demand 3.81, cables 3.85. Italy demand 4.03, enables 4.03. Belgium demand 4.53. Germany demand 23.80.
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The
Associated Press
New York
Great Britain
France
Belgium
Germany
Bar Silver and Mexican Dollars Reported
Bar silver at 69 cents, Mexican dollars at 53 cents in New York trade. London quotes bar silver at 31 13 16d per ounce and money at 3 percent.
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The
Associated Press
New York
London
Flax Prices in Duluth Futures Edge Higher
In Duluth on December 18 close flax prices show December at 2.46 per bushel, January 2.47, February 2.49 and May 2.51.
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Duluth
The
Associated Press
Hog and cattle market recap from Chicago shows mixed trends
Hog receipts 35000 opened higher with light weights up. top hogs around 11.50. bulk 140-160 lb at 11.40-11.65. sow and pig prices varied. Cattle receipts 5000 with weak to lower tone. fat steers weak. yearlings and heavies dull. bulk around 10 and below. Sheep 7000 mostly steady to higher with some gains in desirable lots.
Market Report Notes Feeding Lambs Prices
Prices shown include 8.50 8.75 for best yearlings and 13.25 for a single feeding lamb, with prices rising to 16.66. The fragment indicates livestock market values without full context or names.
Omaha Live Stock Prices Hard to Wrong on Dec 18
Hogs receipts 11 000, active and steady to 10 cents higher. Top 10 65, bulk 10 40 10 60 for 140 to 200 pounds. 200 to 300 pound butchers 10 40 10 55. Sows 9 9 50. Average cost 10 31, weight 234. Cattle receipts 2200, fed steers and yearlings slow but near steady. Butt stocks 8 9, heifers 6 50 7 75, cows 4 75 6. Veal top 9 50. Sheep receipts 4000, lambs active 25c higher 15 65 15 75, top 15 86. Ewes 8 60, feeders steady.
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Chicago
Associated Press
Omaha
The
ST. Paul
South ST. Paul
Minn
Sioux City Cattle Receipts Slow Market Weak
Sioux City Iowa December 18 cattle receipts about 2 500 slow buyers and stockers weak fat steers and yearlings steady to lower with prices listed for bulls fat cows heifers canners and cutters grass cows and veals and feeders stockers and yearlings feeding cows and heifers.
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The
Associated Press
Sioux City
Iowa
Cattle and Hog Markets Report From St Paul Auction
At St Paul and South St Paul Minnesota cattle receipts reached 1900 with steer crowds weak early while packers talked unevenly lower. Calves and hogs showed mixed trends as heavy buyers eyed prices. lambs and yearlings posted gains with fat lambs desirable near 15.75 dollars and 101 pound yearlings around 12.75.
Denver Livestock Receipts Mixed as Markets Turn Slightly
Hogs receipts 1 200 direct to packers steady to lower with top at 10 95 a drive. Cattle receipts 400 calves slow but near steady with shortfed heifers to 8 and lower cows. Sheep receipts 3 300 mostly billed through with fat lambs stronger and steady feeding lambs noted.
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