Wheat market setback hints at lighter prices
Chicago July 18 clear cool weather eased fears of black rust and pushed wheat prices down with 2% to 2.5 cents net losses. Corn and oats fluctuated while hogs and corn supported a mild uptrend in provisions. Minneapolis cash bids showed No 1 northern from 1.39 to 1.56 per bushel with various spring and Montana grades listed, and potatoes and flour markets noted alongside modest shipping.
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Deering
Sugar Market Steady Amid Light New-Business Interest
The refined sugar market in New York on July 18 held at 6.10 for fine granulated. Withdrawals were strong on old contracts, new business remained light and near-by focused. Sugar futures closed easy with about 14,500 tons moved. July 2.68c, Sept 2.75c, Dec 2.88c, Jan 2.70c, March 2.70c.
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New York
Foreign Exchange Cables and Demands Reported
New York July reports mixed foreign exchange quotations in cents with cables showing varied demand. Belgium and Germany figures appear with specific rates and 60 day bills noted, reflecting market activity amid unsettled demand.
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New York
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Market tones mix as stocks hold firm amid dull summer
Market activity showed a continued firm undertone despite a lull in overall trading. Investors favored heavy profit taking in rails and specialties while money remained ample for stock loans, and several major rails and industrials posted new highs, with mixed results across sectors and several prices reaching record levels.
Market Comment By Logan And Bryan In New York
The July 18 market report notes mixed trading with rails advancing to year highs in Southern Railway Kansas City Southern and Great Northern preferred. Oil shares rally on favorable merger chatter and a likely C&O Nickel Plate settlement. General Electric hits year’s best, Greene Cananea leads copper, and a modest rally in motors contrasts with profit-taking in steel. Grain section shows wheat and corn moves with mixed crop news and shrinking visible supplies.
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Livestock market report with mixed cattle hogs and sheep prices
Receipts and price ranges from the U S Department of Agriculture for multiple western markets. Cattle show slow sales and varied deviations with top steers around 14.40 and yearlings about 13.10, while hogs move slowly with prices from 9.75 to 10.25 for various weights. Sheep receipts about 14 000 with fat lamb bids around 13.50 to 13.75 and ewes around 6 0. Sheep prices show slight weakness on fat lambs and steadier ewes.
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