Markets and Wheat Prices Fall on Traders Selling Pressure
Wheat prices closed lower with mixed shifts as December deliveries totalled 396000 bushels and May and July contracts hit near-season lows. German crop shortfall and robust corn demand offset some declines while hog values pulled provisions down. local quotes list No. 3 red at 1.32 and No. 2 hard at 1.41 1/2, with various prices for oats rye and barley.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Commission House
The
Minneapolis
Montana
Farley
Wall Street Rebounds In Afternoon Rally On Thin News
The New York Stock Exchange saw a full market reversal as stocks rally late in the day after early losses. Traders cited a technical correction to an overbought market, with gains led by United States Steel, General Motors, Allied Chemical, American Smelting and Baldwin and notable short covering across sectors.
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Associate Press
New York
Wall Street
New York Stock Exchange
New York Federal Reserve Bank
United States Steel Common
General Motors
Allied Chemical
American Smelting
Baldwin
Hudson Motors
Fisk Company
Taille
Southern Railway
Copper and metal market roundup remains steady
New York and London quotes show copper within and futures mixed, tin steady, zinc quiet, and lead slight gains. Foreign exchange steady with several European currencies quoted, cotton and hog futures tracking lower demand. Chicago poultry and butter markets report firm live birds and higher butter prices amid steady receipts.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
St. Louis
Market Leaders Owing Downward In Late New York Session
By Logan and Bryan New York December 29 renewal rate held at 5 percent signaling a selling wave led by market leaders United States Steel and General Motors. They appeared in liberal supply with a reactionary trend though a late rally pushed prices to the day’s best level. Coarloading figures fell under one million with over 48 000 cars down from last week and about 26 000 below the year ago period. the carrier department briefly countered this before following the general market direction in the afternoon.
MENTIONED IN THIS ARTICLE
Logan & Bryan
New York
United States Steel
General Motors
Wheat and corn markets slip then steady in Chicago
Chicago dealers saw wheat touch new lows on a broad movement before buyers stepped in and pushed July fractions higher. Export demand improved with seaboard sales reaching 890000 bushels, mostly southwest red and hard wheat. Corn posted an irregular close with December weakest, while oats rose on bullish Northwest news and a firmer basis. Rye eased in December but later months firmed, with Germany reported seeking rye for deferred shipments.
MENTIONED IN THIS ARTICLE
Logan & Bryan
Chicago
Seaboard
Canada
Minneapolis
American Northwest
Germany
Desirable hogs and mixed cattle market results
Desirable 159 to 250 pound hogs to 11.80, top 11.85, sows and light hogs varied. Cattle receipts show steady to weaker demand in several western markets with feeders scarce and calves up slightly. Hogs around 10.50 to 11.75, sheep and lambs mixed with heavy lambs weaker. Regional reports from South St. Paul Omaha Los Angeles Spokane and Seattle note varied prices and cautious demand across grades.
MENTIONED IN THIS ARTICLE
South ST. Paul
Minn
Associated Press
Omaha
Los Angeles
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