Wheat Markets Slip After Fresh Highs At Chicago
Chicago wheat prices hit new highs for the season but profits taking pulled averages lower amid selling pressure. Canadian crop news and bearish forecasts from some experts tempered bullish bets while others remained bullish. Corn and oats followed wheat, with provisions easing as the market closed near the day’s low, reflecting varied views on exportables and weather influences.
MENTIONED IN THIS ARTICLE
Associated Rrees
Chicago
Canada
Ecline
Cornie
Cardona
Winnipes
Cartier
Australia
Kansan
Oklahoma
Texas
Railroad stocks hold high advances on consolidation bets
By Lausier, Wolcott & Co. rail stocks surged yesterday on consolidation speculation, with Erie and Pittsburgh & West Virginia hitting new highs. Vanadium Steel, American Tobacco and sugars led activity as traffic outlook stays strong into next months. Bethlehem Steel and National Lead paid dividends, while Mexican oil output fell slightly to 1.687 million barrels.
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Lausier
Wolcott & Co
van ‘Sweringen
Erie
Pitsburg & Wes Virginia
Pere Marquette
American Tobacco
Treasury
Bethlehem Steel
Bethlehem
National Lead
Grain and metal market notes from July export and copper
The report notes rain and ground conditions for crops with profit taking lowering prices about 14 percent from Wednesday. There are scattered rust reports in North Dakota Minnesota and Manitoba. Canada crop estimates mostly bullish. Export demand weak as foreigners wait for a wheat rally. Rye appears in Germany. Cash wheat higher. Weather for corn improving with some regional reports. Copper firm in New York with spot and nearby futures up 13 percent and tin also firm at 48.620.
MENTIONED IN THIS ARTICLE
North Dakota
Minnesota
Manitoba
Germany
New York
Iron steady prices unchanged in mixed metals market
Lead firm suggests stable spot at 7.286 with zinc showing East St. Louis spot at ann utures 6 and antimony at 8.80e. BAR SILVER quotes New York at 52%e and London at 247-16 pence. Copper futures hover near £63, tin around £24, zinc near £32.164, and electrolytic spot movement noted. Foreign exchange rates show steady dollars to various currencies with multiple bank and cable quotes across regions.
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Cy Lanoston
Ler, Wolcott & Co
Adventure
Akos
Bingham Mines
Arizo
Oak
Cal & Mea Iy
Garson Murins
Daviee Daly
Franklin
Reece
Toyaie
Tang ‘Reek
To ‘Preferred
A Lake ‘Copper
Ower
Manon Vail
Ian
North Butte
Tominson
Anon
St Mary's
Boston
Superior Copper
Boum Lake
United Shoe
Amonkeag O & Ider
Ventura Con
Spokane
Laualer
Wolcott & Co
Askea American
Florence
Silver Smith
West Hunter
Ayars
New York
East St. Louis
London Macrals
London
Livestock prices and receipts from Chicago Denver and South St markets
USDA Chicago report shows hogs 24,000 uneven demand with saleyards varied. top butcher weights around 9.30 with good lots near 9.25, sow and light weight hogs mixed. cattle receipts described as variable with better grades and grass offerings. stockers and feeders scarce. sheep receipts and fat lambs noted. Denver stock yard reports slower cattle trade, Idaho lambs lower, stockers scarce. Hogs at 1800 head, fair activity and steady to higher for good and choice.
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Chicago
Associated Press
U.S .Department of Agriculture
Cattle and Livestock Notes From Spokane and Portland
Cattle receipts at Spokane reach 310 with market steady and no quotation change. Hog receipts 171 and market steady with no quotations change. Sheep receipts 22 and market steady. Portland reports cattle and calves about steady, slaughter pigs 130 pounds to 8.5 9.26 dollars, lambs slow. Dr Melanie Lepenska of Poland, a blind physician, conducted sympathetic nerve experiments on blind persons for the French association.
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Spokane
Portland
The
Associated Press
Dnit
Melanie Lepenska
Poland
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