Decline in Wheat Prices Follows Official Report
The government report on winter wheat spurred a fresh drop in prices with futures for wheat down to low levels. Argentine wheat exports surged, demand for North American wheat slowed, and corn and oats also weakened. Market watchers cited larger 1927 acreage, improved crop condition, and dry growing areas as influencing factors.
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Associated Press
Cago
North America
Gulf of Mexico
Chicago
Owen Hich
Potatoes and sugar markets in midwinter report
New York stocks digest shows potatoes receipts 41 cars on track 184 total US shipments 379 demand slow market dull few sales reported Wisconsin round whites 1500 165 Idaho Buscels 150 165 partly graded 133 150 sugar market steady 5 70 5 80 refined with little new business poultry alive firmer fowls turkeys ducks geese prices noted silver bars at 57 4 57 5 Mexican dollars 44 44
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New York Bond Closings and Minneapolis Flour Report
Bonds at the New York Stock Exchange closed with mixed results including U S and foreign issues. In Minneapolis, flour shipments reached 47 753 barrels with bran priced at 30 50 per 100 pounds.
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Livestock Receipts Across Markets and Prices
Cattle and hog prices move on receipts from Chicago Omaha Denver and other markets. Cattle mostly higher or steady with gains for fed steers and vealers. hogs slow to steady with top around 8.80. sheep and lambs show modest rises. Regional totals include South St Paul Portland Seattle Spokane and foreign exchange notes.
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Associated Press
Stock Market Rings Up New All Time High Amid Mixed Tone
Heavy profit taking and bear selling did not check the upward drift as the average of 20 leading industrial shares rose to a new all time high for the fifth straight day. Volume topped 2.5 million shares with renewed demand in copper and several majors rallying on earnings and franchise prospects.
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Market Comment by Logan and Bryan
New York stock market showed irregular trading with strong spots led by United States Steel common. Metal shares like International Nickel Kennecott and Magma moved, Greene Cananea stayed steady, while motor shares eased late on profit taking and U S Steel faced some selling near its peak. Equipment stocks rose in final hours under American Locomotive.
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Grain Market Report Highlights Wheat Rally and Quiet Trade
Wheat marks time with a firm cash bid and strong foreign demand as U S acreage rises east of the Mississippi. Nebraska Oklahoma and Texas show moderate gains while Russia ships nothing and Argentina shipments remain solid. Corn bids reach 242 cents over Chicago May with light country sales, oats show heavier tone, barley hits a new high, and December rye weakens on higher receipts.
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