Wheat prices rise on rust reports and poor winter yields
Chicago and Minneapolis market dispatches show wheat prices advancing amid reports of black rust damage in winter wheat and traces of rust in North Dakota. The rise is supported by hot Southwest weather and strong futures alongside varied moves in corn oats and provisions.
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Foreign exchange mixed and poultry prices from Chicago market
New York reports mixed foreign exchange quotations with Britain around 485 and Italy at 5.46 while Belgium and Germany show varied demand. Chicago poultry prices stay firm with receipts of four cars and ranges for fowls springs broilers and turkeys.
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Stock Market Slumps After Rail Rally Amid Busy Trading
A late session sell off pared a promising rally as motor shares faltered with Dodge Brothers and GM under pressure. New York Stock Exchange loans rose to a record 3.469 billion by June end while money markets remained easy and the 4 percent rediscount rate held steady.
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Market and Grain Reports From New York Chicago July 7
Market mixed with gains in Baldwin and Consolidated Cigars and strength in Loree issues. Grain notes show wheat advances but profit taking, corn trades firm to higher amid slow cash movement. oats, rye also firmer with limited export business. metals see copper steady and tin lead zinc firm in futures.
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