Wheat Downward Tilt Amid Argentina Exports News
Markets report a downbeat tone as wheat futures slip while Argentina export prospects and domestic moisture dampen sentiment. Corn gains amid wintry belts, oats hold, and provisions move variety.
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Market stalls amid dull New York trading session
The New York Stock Exchange logged a narrow trading day with little public interest the market held in a tight range. Brokers loans and a potential rediscount rate cut loomed but failed to spark sustained moves as some large operators were away on winter vacations.
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Mixed Market Movements Mark Oil, Metals Strength
The New York market opened with mixed moves amid late oil buying lifting energy shares while some motor and industrial issues eased. Steel firmed early but faced profit taking as rails remained in moderate supply. Independent shares attracted steady accumulation aided by rise in gasoline prices in southern states and talk of a potential re discount rate cut.
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Logan & Wrgan
New York
Copper stocks rise to largest surplus since 1926
New York reports end of 1926 refined copper stocks at 171.9 million pounds, up 23.29 million from November. December production reached 252.848 million pounds, with a January low around 129.98 million. Copper market holdings and prices show steady conditions in New York and London, with other metals mixed.
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Associated Press
New York
Sugar market unsettled on law changes in New York
The refined sugar market in New York stayed unsettled as laws declined. Prices for fine granulated held at 6.35 to 6.50 cents, with futures closing barely steady and about 64,000 tons traded for January through September contracts.
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Associated Press
New York
Livestock prices and receipts at Chicago market totals
Hogs receipts 50 000 steady to 60 cents lower. top 12.10. Bulk 140 to 200 pounds 11.95 to 12.05. 220 to 300 pound averages 11.85 to 11.95. Sows 10.75 to 11.10. Pigs 11.90 to 12.05. Heavy hogs 11.70 to 11.95. Cattle receipts 12 000. fed steers scarce. choice weights up to 12. Medium to light up to 7.75. bulls strong 11.12. Shippers 12.50 to 13.50. Sheep receipts 29 000. fat lambs around 25 cents lower. early top to ship.
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