Wheat market rallies on visible U S supply drop
Wheat prices surge in Chicago trading as a liberal drop in the United States visible supply boosts demand. September and December futures rise, with weather and foreign market actions cited as supporting factors. Reports from Minneapolis and Duluth show varied grain quotes and oats, corn, and flax movements amid ongoing farm demand and hog value trends.
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United States
Associated Press
Chicago
Cor
Minnesota
Dakotas
Sorn
New York Stock Exchange resumes trading after holiday surge
After a double holiday, the New York market rose as speculators led gains in motor and merchandising shares to new year highs. Volume exceeded one million shares despite vacation slowdowns while Mack Trucks hit a peak before retreating on profit taking. Montgomery Ward and Reading moved higher, and call money renewed at 4 percent as continental rates firmed.
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Chief Activities in Special Group
Report on market activities shows Mack Truck favored prospects in the specialty group at Tuesday’s meeting while pressure rose on Universal Pipe over first quarter earnings. The oll group offered little approval of Smackover field figures, and the motor group made limited progress amid price hesitancy. Wheat remained resilient and firmed late as shorts covered, corn weighed on market direction, and weather in the Northwest kept conditions uncertain. Traders advised caution on new long commitments as distributions affect sentiment.
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Logan & Bryan
Oll
Utaldé
Northwest
United States
Slaughter pigs and cattle receipts dominate Sioux City market notes
Market reports from South St. Paul Sioux City Denver and Los Angeles detail cattle receipts around 4 400 to 4 560 in various markets with steady to slow bidding Hogs receipts near 9 500 to 26 00 0 pounds and lambs around 2 500 to 3 0 0 with prices ranging from 12 60 to 15 50 for fat cattle and up to 13 85 for sorted hogs Packausers note uneven bidding on grassers Calves at 9 60 dealers cautious on bids Sheep slow with lambs around 14 75 to 15 00 Native fat lambs bid at 14 50 and ewes steady The reports cover multiple western markets and reflect softening demand across hogs and sheep while cattle prices show mixed movement between regions.
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The
Associated Press
South ST. Paul
Minn
Denver
Homs
Angeles
Ren Teles
Mixed cattle and hog market figures from Spokane fair sale
July steady market across cattle hogs and sheep with prices quoted for steers cows heifers bulls and veal. prime steers to 13.75 14 and hogs to 13.50 14 stockers and feeders steady lambs around 10 11 50 with ranges for sheep and ewes noted.
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Associated Press
Spokane
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