Markets Turn Wheat Down After Record Stocks Reach
Rapidly enlarging domestic wheat stocks and high receipts pushed the wheat market lower in Chicago on July 23. Closing quotes showed a heavy decline, with corn steady to higher and oats up about a half to one cent. Rain in Minnesota and the Dakotas contrasted with dryness in the Canadian Northwest, while Oklahoma’s reported record crop added selling pressure as traders dumped positions. Prices for wheat, corn, oats, and provisions fluctuated, with cash wheat softening both locally and in Kansas City amid strong stockpiles.
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Associated Press
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New York Stock Market Ends Turbulent With Mixed Advances
The New York Stock Exchange saw another readjustment of speculative accounts with irregular price movements and scarce public participation. Bears attacked vulnerable issues but failed to unsettle markets, while a few pools boosted some stocks to near yearly highs. Industrials mostly declined amid mixed sessions, while gains appeared in American Can and several high-priced names. money remained steady at 4 percent with higher call loan turnover.
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Market Points Toward the Top
Market overview from New York reports prices to depress briefly then recover. Wheat offers and foreign demand fluctuate while corn and oats show weakness and profit taking. shipments from Argentina and Italy compared with last week. rain relief in the corn belt but overall demand remains slow.
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Fale Chass
Poland
Hogs and cattle trade reports from Chicago to Seattle
Market notes from Chicago St Paul Omaha Sioux City and Seattle cover hogs cattle and sheep receipts and prices. Reports show steady to firm trends with various weights and classes turning over, notable top bids and average figures for butchers feeders and sows.
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Omaha
Seattle
Boston Wool Market Sees Modest Demand and Firm Prices
The Commercial Bulletin notes moderate buying in the wool market with prices firm across lines. West and East India wools show varied movements while London prices hold amid British coal strikes. merinos firm, cross-breds down modestly, and river Platte markets steady as leading manufacturers offer staples at below year-ago levels.
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