Markets Edge Wheat Prices Hit New Highs In Early Week
In a volatile market, wheat futures neared record highs with May wavering near 3% gains as demand to Europe and U S. purchasing momentum supported prices. Reports of Russia’s flour shipments and Argentina’s dwindling supply helped lift commodities while corn and provisions showed mixed moves. Minneapolis cash grain prices and regional butter and egg variations were also reported.
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Europe
United “States
Russia
Inneapolis
Minneapolis
Montana
Wall Street Surges Led by United States Steel
United States Steel common stock rises 3 points to 129 1/2 as market strength broadens. Sterling hits highest in 10 years, crude prices firm, and favorable earnings lift buying. U S Steel accounts for about one tenth of daily volume with strong gains across major industrials and related issues.
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Associated Press
New York
United States Steel Common
Sterling Exchange
Bethlen Corporation
U. S
Baldwin
Savage Arms
American Agricultural Chemical Preferred
American Car and Foundry
American Sugar Refining
General Electric
Public Service Corporation
Texas Gult Sulphur
California Packing
Davison Chemical
Electric Storage Battery
Federal Light and Traction
Goodyear Tire Preferred
Kresge Department Stores
National Cloak and Suit
Pullman
Sears-Roebuck
Sloss-Sheffield Steel
Stewart Warner
Utah Securities and Woolworth
Ralls
Chicago
Illinois
Pennsylvania
Katy
England
London
Europe
French
France
Market Becomes Aggressive Amid Steel Boost
Market activity surged with rising prices as United States Steel led gains. Short covering and broad buying pushed stocks higher, with Marland hitting new highs and General Motors gaining on persistent accumulation. Wheat futures also rose on strong buying, despite some local selling.
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Laurier, Wolcott & Co
United States Steel
Tate Steel
Shorts
Rial
Marland
Wilmington
Tve
Dupont
General Motors
Rata
Rengih
Locate
Wheat and cattle markets mixed in Western and Chicago receipts
Western and Chicago market reports show hogs and cattle receipts with mixed demand. Denver Portland Seattle and Los Angeles notes list steady to lower prices for hogs and cattle, with fat lambs steady in Seattle and Portland, while Chicago shows variable grades and weights. Multiple agencies report buyers, packers, and feeders reacting to weekly shifts in pricing and supply.
Market prices drift with mixed livestock and metals data
The report lists varied livestock quotes including calves at 8.50 to 11.28 per cwt and butchers at 1.00 or more, plus Idaho wool lambs at 16.25. Metals show copper steady on spot and futures, tin firm, iron unchanged, zinc steady, and bar silver around 62 to 323-164 per ounce in London and New York reports.
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Texas
Idaho
Tain
Greece
Poland
Austria
Cated Press
New, York
cCoppeany
East St. Loui
Associated Prose
New York
London
Laurier, Wolcott & Co
Ajax
Davis Daly & d
Butte i
Island Cr Royal
Cf India
Keweenaw
Mohawk
Mason Valley
Revenelia
Nor Butte
Dominion
Osibway
Shannon
Routh Lake
Utah
Ota Victor Ag
Ventura Co
Locana
Barna
Hotton
Campbell
Kevin Gapel
Deel
Petroleum Ni
Musser
Neihart
Petroleum Vento
Lavalier, Wolget & Co
Cal
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Tian