Sharp drop in wheat prices on a global supply beat
Market summary from Chicago reports a sharp break in wheat as Argentine exports, heavy German arrivals in Liverpool, and subdued Buenos Aires and Liverpool demand push May and July prices lower. Corn and oats slide with mild shifts in livestock futures while foreign exchange and metals show varied moves.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
Argentina
Liverpool
Buenos Aires
New York Stock Exchange Sees Short Covering Bolster Shares
Stocks rallied briefly as W C Duff reentered the market but short selling returned forcing a retreat. United States Steel opened strong at 126, later fell to 132.5, closing down two points. Dupont, Hudson Motors, Mack Trucks and others weakened. Railroads and several industrials sagged while a few specials held gains. Foreign exchange showed a yen rally and sterling drift.
MENTIONED IN THIS ARTICLE
W. C. Duf F
United States Steel Common
Aldwin
Durant
American Can
United States
Dupont
Hudson Motors
Mack Trucks
Sears-Freebuck
United States Industrial Alcohol
American Smelting
Fampus Players
General Asphalt
Stewart Warher
United Drug
Foundation
Raila
Frisco
Atlantic Coast Line
Atchison, Chesapeake & Ohio
Loulaville & Nashvi
Norfolk & Western
London
Delores
Fi Prenson
Eureka
Kerra
Nipissing
Ohio
United Vi
Wayne
New Man
Boston Stock Exchange
Loxan & Deyan
Aaventure
Algom
Western ‘Union
America
Ican
Richmond
American Steel Foundry
Sumatra Tobacco
Ily Ity
Gorporation
West Hunter
Ajax
Ig Rican
Stratton
Peteira
Ian Zine Moshivray
Associated Oil i Uh
Aechinon Ee
Logan & Bieyan
Aska
Alta Consolidated
Balawin Locomotive Ane
Alta
Baltimore
Betht Bosch St
Cols Rex
Consolidated
Brooklyn
Butte Copper & Zinc
Callahan
Keystone
San’ Pacific
Aig Ae
Lehigh
San Mammoth
San Theos
Mountain
View
Sorin
Eno Park Bing
Enteage
Mit
Pre
Boca’ 'Cot Seta
Logan & Bryand
Continental
Aniae West
Toledo
Continental Motors
Bevin Duran
Toga
Avieon
Chemical
Boston & Wyoming
Mountain & Guit
Ise Brothers
Tobaci
Holly
United Retail Candy
Great W. F Bugar
Lehigh Power
General Electric General Asphalt
Holly Baga
Aminion We
General Motors
New
Pers Eam, Co
Glenrode Ey viah-Hdaho
Sisinioning
Pete
Aay
Great Nort ii
Mariana Noxron
Mexico
Logan & Bryn
Bagdad Smelter
General Petroleum
O Ty Bey
Noble
Enterni
International Pay International Nickel Am
Uae
Jordan Motors
Kansas
City Southern
White Motors
Wilson-Overland
Miami
Woolworth
New York
Missouri
Low
York
York ‘Stock Exchange
Missouri Pacife
Montene Power
Igomery Ward
Moon" Motors
Ag A Ag
Sai
Liberty
Fork’ Central
New Haven
Ginerty
Therm Pacific Aaa
Formoy
Cko
Slovakia Republic
Pennsania Ba Bat
Arade
Kingdom of Belgium
Eh Pure Iitpa Petroleum
Kingdom of Norway
Ory
Radio Corporation
Consol
Bfo
Republic Steel
Sears Roebuck
Seaboard’ Airting Ieee
Ieimore
St’ Louis
San
Iscoie
St. Louis
South Weerney
Elina
Pautevi
Southern Railway
Goodyear
North Stewart
Derang
Northern
Texas
Utah
Livestock Markets Report From Chicago and Midwest
Chicago hog receipts 46 000. Hogs mostly lower with lighter weights up small gains on select lots. Cattle receipts 10 000 mostly steady to higher on fed steers and yearlings. Sheep receipts 13 000 fat lambs weak to lower. Omaha and Sioux City reports show mixed hog and cattle moves. Portland and Spokane notes list scarce cattle and hogs with steady to mixed prices. Potatoes and sugar futures nearby. silver prices steady in London.
MENTIONED IN THIS ARTICLE
Chicago
Sioux City
Iowa
Omaha
Associated Press
Cologna
ST. Pai
South ST. Paul
Minn
Jay
Portland
Market Top Heavy With Liquidation Amid Mixed Signals
New York traders faced reactionary pressure as top market heat faded and heavy offerings dominated. A tax bill in the Senate and broad liquidation cooled advances, while the United States Cast Iron Pipe stock led a partial rebound on quarterly dividends. Grain futures in Chicago showed initial weakness in wheat followed by late recoveries, with Liverpool and Buenos Aires prices weighing on sentiment and overall cash demand expected to improve.
MENTIONED IN THIS ARTICLE
Logan & Bryan
New York
Washington
Senate
Federal Reserve
Chicago
Liverpool
Argentina
Buenos Aires
Tye
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England
Russia
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Belgium
Germany
Minneapolis
Prime Mercantile Paper
Qustall
Associated Pre
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NEW York Stock Exchange
A, Clark & Bro. Bankers
Butte
Spokane
United
Wisconsin
Minnesota
Ener
Duluth
Jan
New York Cowan Exchange
New York Coffee & Sugar Exchange
Shane
Liverpool Cotton Ass'n
United States Steel American Car Foundry
Gold Dust Corporation
A. A. Housmangwathmey & CO
East Broadway
Bute
Montana
Embcace
Atlantic
Pacific
States
Canada
Billings
Benita
San Francino
Lee Aneeien
Finlen
Hrugeryn Joughton
General Mines
Fon Cap
Fon
Fohtean
Jaeco
le Pame
Pala
United Verda’ Iixiesiaion
Orde Ental
Charles J. Kelly
James E. Woodard
James E. Finlen
R. W. Place
J. L. Teal
J. J. Burke
First National Bank OF
Andrew J. Davis
Stephenson
George A. Mill
Andrew J. Davis Jr
W. J. Forsythe