Wheat Market Reverses After Sharp Advance In Chicago
Wheat prices eased after a strong run with profit taking by holders and fresh buying failing to spark a quick exit. May near 1.73 and July around 1.50, with corn and oats also slipping and provisions mixed as traders weighed Liverpool gains and U.S. export potential. Minneapolis reported strong flour business as millers resisted higher May prices for spring wheat.
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Market rally resumes as United States Steel steadies
Speculative buying returns in New York stocks led by General Motors amid hopes of strong auto sales. Steel closed at 133 after trading 132 1 2 to 134, with broad gains on motors and several industrials. Chicago wheat moved erratically amid mixed foreign cues and softer corn and rye finishes.
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Minneapolis Flour Markets Rise with Bran Prices
Flour and bran prices move higher in Minneapolis trading with family patents at 9.50 to 29.65 dollars per barrel and bran at 26.50. Shipments reach 25 776 barrels as of January 27.
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Butter and Eggs Market Report Chicago January 27
Butter prices ease as receipts reach 4,861 tubs with creamery exports at 43 1 2 cents, standards at 43 1 4, extra firsts 42 3 4 cents, firsts 41 2 4 to 42 cents, seconds 38 4 1 2 cents. Eggs hold steady with 10,629 cases received.
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Flax futures close steady on January to July contracts
In Duluth on January 27 close flax prices held steady with January and February at 2.40 per bushel, March at 2.41, May at 2.42 and July at 2.45, reflecting a tight range in the market.
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Duluth
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Foreign exchanges steady in New York markets
Foreign exchanges held steady in New York with quotes for Great Britain at 4.85 percent on demand and 4.86 on cables, France 3.72 on demand and 4.12 on cables, Italy 4.08 on demand and 4.03 on cables, Belgium 4.54, Germany 23.80, and bar silver at 67 cents. Money at 4 percent.
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Opirited Demand for Motor Shares Sparks Rally
New York stocks saw a sharp advance in motor shares with heavy buying concentrated among large professionals. The rise came without fresh news and likely reflected short-covering rather than new bullish fundamentals, while steel shares fell on a dividend surprise.
Copper and Lead Market Reports from New York and London
METAL MARKET report shows copper prices steady with dull activity in New York spot and futures. Tin and zinc volumes ease with tin at 61.25¢ spot and zinc futures at 8.00¢. London metals quote copper at £58 10s spot and £59 12s 6d futures, tin at £276 2s 6d spot, lead £34 spot, zinc £36 17s 6d spot and £36 10s futures.
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Sugar Prices Hold Steady in New York Market
Refined sugar in New York on January 27 remained quiet and unchanged at 6.25 to 6.40 cents per pound for fine granulated, showing little movement in the trading session.
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Livestock Prices Mixed as Chicago Market Reports Hogs Cattle and Sheep
Livestock prices in Chicago on January 27 show uneven hog receipts at 25 000 with lighter weights 15 25 lower than Tuesday. Cattle receipts 10 000 with fat steer trade steady to strong and she stock rising. sheep receipts 14 000 with fat lambs slow and feeding lambs steady, several loads reported across weights and grades.
Livestock Market Report St Paul Minnesota Jan 27
Cattle receipts 2300 slow general killing quality. steers and yearlings steady. bulk 7.25 to 8.50, highs to 9.50. Calves receipts 2700 steady to 25c higher. good lights 11 to 11.50. Hog receipts 21000 slow. 160–180 lb 12.75 to 12.85, 190–300 lb 12.25 to 12.50, sows around 10.75, pigs 13.50. Sheep receipts 1200 weak on fat lambs. fat ewes 7.50 to 8.75 with steadying trend.
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Omaha Market Roundup Hogs Cattle Sheep Prices Mixed
Omaha stockyard report shows 18000 hogs and 6500 cattle plus 10000 sheep received. Hogs mostly 10 to 15 cents lower with tops near 12.70 for 160 pounds plus. cattle steady to slightly lower with butcher and feeder grades easing. sheep and lambs 15 to 25 cents lower with fat lambs around 14 to 14.40 and ewes feeding lambs up to 15.
Cattle Receipts In Sioux City Market Activity Report
Sioux City Iowa cattle market report dated Jan 27 notes receipts of 3 500 with market active. Killers strong stockers steady fat steers and yearlings priced 7 11 and bulk 8 9 50. Fat cows and heifers 7 9 50. Canners and cutters 3 75 4 50. Veals 5 10 50. Bulls 4 75 6 25. Feeders 6 50 9. Stockers 5 50 8 25. Stock yearlings and calves 5. Feeding cows and heifers 4 50.
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Iowa
Denver Beef Market Report Sees Mixed Demand
Hogs receipts 3,300 with 25 loads direct to packers and 13 to California. prices steady to lower with top at 12.75 for several lots, lighter weights at 12.65 to 12.70, single 280 pound lot at 12.35. Cattle receipts 500 with calves 50. heifers steady to strong, two loads at 8.50, others to 7.55, odd cows 5.50 to 6.56, mixed cows and heifers 7.35.
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Denver
The
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California
Market Report Steers Heifers Lambs Mixed Beef Prices Higher
Receipts include 1,441 pound beef steers at 9.65, mixed steers and heifers at 8.10, practical top dealers at 13. Early sheep receipts 10,800 with fat lambs dropping. Late Tuesday two loads of 89 pound fat lambs offered at 14.25 and others at 13.50 14, nine decks 70 pound feeding lambs 14.25 flat.
Los Angeles Livestock Prices Slow With Mixed Week Trends
Cattle receipts 300 with 500 holdovers and slow bidding. no steers sold. Bulk Tuesday prices around 8 to 8.49 for heavy cattle, 7.25 for heifers, 5 to 6.35 for stock cattle, canners 2.50 to 4, bulls steady. Calves receipts 400 with slow action. 260 pound southwesterns 9.40, milk calves about 11, other weights 6 to 8. Hogs receipts 200 with 900 holdovers. few sales, top butcher bids 14.75, one load 14.25, sows 11. Sheep none. 36 head 63-pound milk-fed lambs 15, others 5.50 to 8.
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Omaha
The
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Los Angeles
Portland Market Report Notes Small Sheep Trade
Portland date January 27 receipts show 50 hogs and 300 sheep with no trading in any department. Sheep quoted nominally steady while hogs have no receipts for comparison.
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Spokane Market Report Cattle Hogs Sheep Prices
Spokane market notes dated January 27 show cattle receipts 177 and steady prices, hogs receipts 414 steady, sheep receipts three with lambs at 13 14, heavy weight 11.75 12.75, all weights 10 11.50 for culls and medium, feeder lambs 12 13, yearling wethers 9 11, ewes 5 8, calls and cann ers 2.50 4.50.
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Salt Lake & Denver railroad construction blocked
Inter state commerce commission examiners recommended to deny permission to Salt Lake City citizens who organized the Salt Lake and Denver railroad to proceed with the extensive construction project contemplated by the road.
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Birmingham man becomes first southern president of NAREB
Robert Jemison Jr. of Birmingham Alabama was elected president of the National Association of Real Estate Boards at the mid winter convention in New Orleans to succeed Charles G Edwards of New York.
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Birmingham
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