Markets preview wheat slide as futures drift lower
Wheat prices eased amid speculation and Washington talks of investigating the recent upturn. Corn showed early strength before slipping, hogs softened with grains, and a general downtrend persisted in Chicago and Minneapolis cash markets. Potato prices held steady with mixed potato types trading around $1.05.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Wes East
Renata Seis
Washington
Congress
Jeter
Wiesota
Buenos Aires
New York Stock Market Opens Bullish After Rate Cut
Bullish operations resumed on the New York Stock Exchange with 42 issues at two year highs or more. Total volume exceeded two million shares for the first time since mid January as demand rose on lower call money rates and favorable earnings. Railroads led gains with Frisco, Katy, Missouri Pacific, Southern Railway, Atlantic Coast Line, Chicago Great Western and Texas Pacific reaching new highs. oil stocks, including California producers, also advanced with crude prices up. U S Steel touched 128 on hot bids before retreating to 127 1/2. many other issues gained one to four points. Time rates unchanged. foreign exchange slightly firmer around 4.78 per dollar. sterling lower at 5.40.
MENTIONED IN THIS ARTICLE
Associated Prem
New York
Ikor
Mellon
Trac
Frisco Common
Katy
Missouri Pacific
Southern Railway
Atlantic Coast Line
Chicago Great Western
Texas
California
Pan American
Barnedall
Union Oil
General Petroleum
Texas and Pacific
U. S. Steel Common
London
Colorado Fuel
Brooklyn-Manhattan Transit
American Car and Foundry
American Chicle
Central Leath Preferred
Continental Insurance
Goodrich Rubber
Indian Refining
Laclede Geo
Liegett & Myere
Tidewater ‘Oil
Timken ‘Rolier
Nash Motors
Universal Pipe
France
Lausier
Wolco
Rapid Expansion in Trade Activities Signals Market Momentum
The report notes vigorous March to April stock activity with brisk demand for Olle and related issues, Otis gains on reduced production and rising gas prices, and strong copper futures boosted by London market strength. Money remains easy, wheat trading weak, and cattle/oil sectors show mixed movement amid cautious sentiment.
MENTIONED IN THIS ARTICLE
Lausler
Wolcott & Co
Iat
Perm Tnatitute
London
America
Kennecott
Lee Rubber Common
Cattle and Foreign Exchange News Briefs From Across Cities
In Spokane and New York, market summaries report cattle prices and foreign exchange quotes. Montreal and London traces show bar silver values, with U S and global money movements. Minneapolis notes flour price trends and general market shifts.
MENTIONED IN THIS ARTICLE
London
Minneapolis
Market Report Mixed Hog and Cattle Prices Across Regions
Cattle demand steady to higher on weighty and feeder classes with bulls and cows uneven but mostly steady. hogs show slow but gains with higher limits on lighter weights. sheep demand steady with lambs near top values. Regional figures from South Saint Paul Los Angeles Omaha Denver and related markets show top veal and heavy fat cattle advancing, while lighter weights and packing sows stay near established ranges.
MENTIONED IN THIS ARTICLE
BF. Paul
Associated Press
South SF
Paul
Los ‘Angeles
Associa Pre
Qmaha
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Liverpool
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Hennery
Pacific
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NEW York Stock Exchange
Tt Co
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Nas & Te
Miami
New Haven
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National’ Enamelity
Peiroit Ma
Pen-america
Pan-america
Searencebuck
Instark
Spokane
The
Lamb
Galena Butte, Mont
Great
Britain
Montreal
Ites Ie
Wine — Poi
Tae Bastataren
United States
Pacen Lovak
Nes
Chile
Ieeg
Seattle Fe
Seth
el Arco Unita Petroleut Ie
Genrockery
Reninon Venta
Esa
Musnelstel Thane
Tautler
Wolcott
Asteoa
Esimet & Jerome
Dy Lausier
Boston
Alain
Byler, Woltett & Cop
Aetcoa
Calumet & Arias
Ocka
Carson
Mason Valley
North Butte
Marys
Angeles
Omaha
Logan& Bryan
Finlen
Bute
Montana
Metals Bank’ & Trust CO
Lutte, Mont
First National Bank
Butte, Montana
Capa
Burpiee
Rowe
Andrew J. Davis
B Stephenson
George A. Hill
Forsythe
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