Australian Wheat Depresses Values
Australian wheat shipments flood the market and lift supply estimates, pulling down prices in Chicago and Minneapolis. The AP reports large Australian exports easing forward prices, with new yield estimates suggesting a potential surplus, while US and Latin markets react to cheaper Argentine and Canadian grain and weak domestic demand.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Australia
Leek
Buenos Aires
Europe
United States
Canada
United
Duluth
Liquidity Drive Stirs Wall Street Liquidation Headlines
New York stock trading opened with a reactionary slope as liquidation and thin demand pushed prices lower across sections especially the industrials. The Federal Reserve board actions aligned with expectations, while Hudson Motors faced only regular dividends amid renewed selling. Grain markets showed erratic tone with general trade moderate and corn under pressure. Shipping and international markets noted steadying terms with waning demand for actual grain.
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Associated Press
New York
Federal Reserve Bank
Mercantile Review
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Logan & Bryan
New York Federal Reserve Board
Noral
Federal Reserve
Hudson Motors
Livestock Market Receipts Across Cities Report
Associated Press dispatch lists cattle hog and sheep receipts across Chicago Denver St Paul Omaha Sioux City Los Angeles Portland and Spokane. Prices show mixed moves with hogs higher in Chicago and steady elsewhere. cattle and sheep varied by market with light action and regional demand shifts. The report also notes a group of 67 young women at a county teachers institute in Atchison Kansas with bobbed hair.
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Associated Press
Chicago
Wales
Denver
Sh. Paul
Associated
Prem Routh
ST. Paul
Minn
Omaha
Nike
Oteer
Wendy
Los Angeles
Pena
Arizona
Atchison, Kan
Boston Wool Market Sees Broad Inquiry and Steady Demand
The Commercial Bulletin notes broader inquiry from millers for current and future wool needs, with some large mills buying ahead and others guarding against future orders. Foreign markets are generally steady, Australia and other regions firm, Mohair quiet. Quotations cover delaine fleeces and blood combing grades across Ohio, Pennsylvania, Michigan, New York, Wisconsin, Missouri and New England, with scoured basis prices for Texas fine wools.
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New York
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