Wheat market drifts lower amid foreign credit hope fade
Chicago wheat prices fell as forecasts suggested foreign credit legislation would not pass. May closed at 1.17 and July at 1.11, with corn firming slightly on Argentine crop concerns. Oats and provisions weakened as selling pressure rose, with drought news in Kansas and Oklahoma weighing on futures.
MENTIONED IN THIS ARTICLE
Senate
Bilt
Liverpool
France
Germany
Europe
Kansas
Oklahoma
Argentina
New York stocks rise on favorable domestic news
Upward price movements on the New York Stock Exchange mirrored steadier domestic developments while trading volume showed limited public participation due to unsettled European factors. Consolidated Gas jumped after news of a new $5 annual basis, with publics utilities and steel shares following mixed gains and some declines amid rate-change expectations.
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Associated Press
New York
Consolidated Gas
North American
Public Service of
New Jersey
Laclede Gas
Columbia Gas
State Public Service Commission
Stee
Mink
United States Steel
Gulf States
Crucible
Republic
Youngstown
Bethlehem Steel Corporation
Grace
California Petroleum
Cosden
General Asphalt
Standard Oil
Simms Petroleum
Southern Railway Company
Delaware & Hudson
Atlantic Coast Line
Market Shows Spot Strength Amid Mixed Trading
The Lauzier-Wolcott Company notes a generally improved tone with no broad advance, yet pockets of strength appear in rails and motor shares. Consolidated stands out after a larger than expected dividend, while Standard Oil of California disappoints some investors. Rails show firmer demand due to higher earnings prospects from peak car loadings and heavy traffic, as the market awaits European developments to steer overall momentum.
MENTIONED IN THIS ARTICLE
Lauzier-Wolcott_ Company
Europe
Standard” Oil of
California
Livestock Market Reports From Multiple Western Cities
Hog prices hold steady with bids around 6.75 to 7.78 in Omaha and Sioux City while Chicago and Kansas City show mixed demand for hogs and cattle. Cattle and sheep receipts vary by city with early sales soft to steady, beef steers and cows uneven, lambs weaker in some markets and steady in others, reflecting regional supply and buyers’ attitudes.
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Chicago
Associated Press
United States Department of Agriculture
Westordse
Omaha
Neb
Sioux City
Associated
Towa
Annas
Bates Department of Agriculture
Kansas City
Texas
Denver
Col
Wendy
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Lauzier-Wolcott Co
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BUY Epeegsenien CO
Clee Data of Trade
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Chas. J. Dean
Errasr
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Yegen Bros
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Butte
First National Bank OF
Andrew J. Davis
Stephenson
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Andrew J. Davis Jr
W. J. Forsythe
Cathier
Metals Bank and Trust CO
Daly Bank & Trust Co
General Banking
Clark J. Ross Clark
A. Clark & Bro
Alex J. Johnston
de Western Copenns
Ceveral Banking
Pal Son
Tamb Seivee
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