Wheat Prices Rally on Weather and Diminished Supplies
Wheat advanced sharply as hot conditions raise crop risk and reports say Dakota yields may fall about 4 percent from government estimates. Prices for September and December rose to about 1.53 to 1.54 dollars per bushel, while corn and oats moved differently and provisions varied. Reports highlighted limited foreign demand, strong selling scarcity, and smaller U.S. and ocean-bound supplies, with notable upticks from Northwest buyers facing black rust threats.
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Putin Apolia
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Stock market wavering as call money rates damp enthusiasm
In New York on July 13 the mock market opened firm but prices drifted lower as call money rates rose. Volume fell below one million shares, with uneven moves across issues. Rock Island climbed on merger hopes, while United States Steel eased after a brief rise. Foreign exchange showed mixed gains for kroner and sterling steadiness.
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Mixed Movements In Stock Market See Mixed Tone
The market showed mixed movements with higher priced issues modestly firm while others retreated on profit taking. Calls money advances drew attention and late selling appeared. wheat and corn were volatile as weather and crop prospects influenced activity. rain and heat affected Northwest markets and futures.
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Slaughter Market Reports From St Paul Omaha Spokane
Cattle receipts at St Paul 9 500 slow and lower with choice weights around 8 50 to 12 50. Hog receipts 20 000 slow with packers paying about 11 60 to 13 60 and top around 13 60. Sheep receipts 500 active with lambs steady to higher and ewes scarce. Omaha reports 9 800 hogs down 10 to 25 cents, cattle 10 000 receipts steady to higher, and sheep 9 500 steady to firm. Spokane cattle market steady with prime around 8 8 50 and lambs about 13 veals and hogs also listed.
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Associated Press
South ST. Paul
Minn
Omaha
Associated Bear
Alma
Spokane
Surplus Copper Stocks Fall Across Global Markets
New York reports surplus refined copper at war-low levels with 339,612 tons in South America on July 1, down 43,203 tons. Second quarter shipments hit a record 368,324 tons while production rose to 337,302 tons. Zinc and lead quotes and call money also noted, with sugar prices steady and futures at modest changes.
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New York
Norn
South America
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