Markets Turn Up on Foreign Wheat Demand
Wheat prices advanced in Chicago and Liverpool as foreign buyers, notably Russia and Japan, boosted demand. Reports of renewed export activity and stronger sterling supported gains, while corn and oats rose with wheat. Cash quotes show No 2 red wheat at 1.88 to 1.89 and No 4 mixed corn at 1.17 to 1.18.
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New York Stock Market Rally Led by Mandard Group
Public participation rose as stocks advanced with Mandard industrial and railroad shares steering gains. United States Steel hit 124 1 2, Balawin 135 1 4, Southern Pacific to 108, Union Pacific to 163, and other Wig Four members posting modest increases. Rails demand remained strong, Nash Motors fell amid motor stock liquidation, and money rates showed easing short and higher 60 day loans. Sterling exchange at a new high near 4 79 and foreign currencies moved little.
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Stocks Hold Upward Course In Market Rally
Stocks maintained a vigorous upward course in yesterday's session led by steel shares and broad buying. The week'sFederal Reserve statement showing rediscounts down 49.7 million helped sustain credit liquidity, while Westinghouse’s acquisition and rails progress supported optimism. Wheat and wool news mixed, with consolidation in the provision list and cautious sentiment ahead of global production figures.
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Hogs Receipts Mixed In National Market Report
Across multiple midwestern and western markets on January 9, hogs showed receipts around 50 000 at Chicago Omaha and Denver with steady to higher prices for medium to strong weights. Top hog bids reached 10 90 for 250 300 pound slaughters and 10 80 for 196 230 pound groups while lighter weights and packing hogs held around 7 50 to 9 75.
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Wool quotations and market notes from The Commercial Bulletin
Foreign primary markets show little change after the holiday. Prices for domestic fleeces from Ohio, Pennsylvania, Michigan, New York, Wisconsin, Missouri and other regions are listed, with ranges for combing and unwashed grades. Scoured basins and regional fleece prices across Texas California Oregon Montana and related territories are cited, including Mohair and other fiber terms.
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