Wheat prices rise above $1 a bushel in market rally
The Chicago markets report wheat deliveries topping $1 per bushel amid buying supported by Canadian black rust warnings and government data requests. Futures closed higher with mixed moves in corn and oats, while hog receipts influenced provisions. Minnesota and New York quotes show further price movements and cash bids on No. 2 red and yellow corn.
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Associated Press
Chicago
Canada
Liverpool
America
Canadian Northwest
South Dakota
Pork—Norminal
Market Upswing Continues Amid Strong Stock Turnover
New York July 19 stock prices rose briskly with heavy turnover across all departments. Gains appeared in United States Steels and Republic Steel preferred, Studebaker rose 3% as market sentiment grew despite caution about overoptimism. Foreign exchange also firmed with Sterling and francs advancing while demand for copper hinted at upcoming material buying if Ruhr news eases.
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Associated Press
New York
Ruhr
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Studebaker
Switzerland
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William B. Thompson
London Metals Prices Report July 19
London markets show standard copper at 65 pounds 158 shillings for futures and 66 pounds 10 shillings for another contract. Electrolytic copper spot 72 pounds 10 shillings futures 73. Tin spot 179 pounds 12 shillings 64 pence futures 180 pounds 17 shillings 44. Lead spot 24 pounds 2 shillings 6 pence futures 23 pounds 12 shillings 6 pence. Zinc spot 29 pounds ? shillings 64 pence futures 29 pounds ? pence.
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London Metals
The
Associated Press
London
New York Call Money Rates and Sugar Prices Report
Call money remains firm at 6 percent with bids near 5 percent and offers at 6 percent. Time loans steady with 60-90 day terms at 5 percent and 4-6 month terms at 6 percent. Prime commercial paper at 5 percent. Sugar prices steady with refined sugar at 75.6 cents per pound and futures easing with September at 4.880, December 4.37, March 3.36, May 3.44 cents.
MENTIONED IN THIS ARTICLE
The
Associated Press
New York
Th Ted Press
Forest fires and metal prices in brief from London
Bar silver stood at 31 pence per ounce in London trading on July 19. Money rates showed 2 percent. A note reports about 30,000 forest fires in the United States annually destroying about 10,000 acres of woods.
MENTIONED IN THIS ARTICLE
The
Associated Press
London
Metal Market Report Highlights Copper and Zinc Movements
In New York on July 19 copper eased with spot and futures at 14 percent 14 and a half cents. Tin remained firm with spot at 38.37 and nearby futures at 37.35. Iron and lead held steady while zinc in East St. Louis showed easy trading with spot and nearby delivery around 6.19 cents. Antimony quoted at 6.85 to 6.90 cents.
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The
German Marks Drop To New Low In FX Market
The Associated Press reports German marks fell to .0003 percent, a historic low in New York trading. The rate reached about 318,000 marks per one US dollar, underscoring a devastating depreciation of the currency.
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