Wheat market shows firm close amid export demand rise
Wheat advanced sharply with prices closing higher after a strong session on July 24. Export demand grew as crop estimates suggested lower domestic yields, while Corn and Oats showed modest gains and provisions rose with hog value shifts. Minnesota and Chicago grain markets tracked the same trend with mixed price movements across contracts.
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New York Stock Exchange Week End Profit Taking Slows Rally
Weekend profit taking cooled a strong early session on the New York Stock Exchange as many issues hit new highs for the year. Mack Trucks crossed 200, Coca Cola topped 128, and Sears Roebuck Woolworth and Montgomery Ward posted records amid generally buoyant sentiment from bankers and trade reviews.
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Specialties Lead Early Market Strength Amid Mixed Signals
Specialties again prominent in early dealings with motor trucks and tobaccos strongest. Oils show reactionary turn under Pan American issues amid Mexico debt talk. Afternoon profit taking adds a reactionary tone as recent distribution pressures may curb further gains. Grain notes wheat rebounds on improved demand and export prospects, corn firm but off highs, oats and rye rise with cover.
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Sugar Market Edges Down as Demand Slows in New York
The New York refined sugar market eased with prices unchanged to 20 points lower and demand light. Refiners quote 5.25c for fine granulated as futures close quiet with September at 2.62c and March at 2.75c, reflecting subdued activity. Copper steady near 14 1/2c and other metals show muted moves in London and U S markets.
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Wool Market Report Shows Restricted Activity and Steady Prices
Boston July 24 The Commercial Bulletin notes tighter wool trading with a wait for Monday’s opening by the American Woolen company. Prices mostly hold though extreme asks fade, optimism remains despite a potential Yorkshire strike. Mohair remains quiet.
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Creamery Receipts Report Mixed Dairy Grades and Egg Totals
Receipts show 14 341 tubs with creamery extras at 43c and 41 42c for firsts and 40 41c for firsts. Seconds listed at 36 39c. Eggs unchanged with receipts totaling 8 183 cases.
Minneapolis Flour and Bar Silver Prices Noted
Minneapolis July 24 flour unchanged with bran at 24.25 dollars. New York July 24 bar silver quoted 69 3/4 cents and Mexican dollars at 53 1/2 cents.
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Hogs Cattle and Sheep Prices Rim Higher in Chicago Auction
Livestock receipts show hogs 16 000 with light and medium butchers up to 25c, top 14 50. Cattle receipts 2 500 with best fed steers around 13 25, yearlings 13. Sigh sheep 12 000 with slaughter lambs active natives steady to strong, westerns up to 15c higher, fat sheep down about 25c. Breeding ewes steady, prices quoted for various classes.
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Omaha Hog Receipts Hold, Demand Slim. Cattle Steady
Hogs receipts reach 9,500 with little shipping demand. Sorted 140 to 170 pound hogs bring 13.40 to 13.60, other classes slow. Bulk 200 to 260 pound butchers 13.25 to 13.60, light hogs down to 12.75, sows 12.25 to 12.50 up to 12.75. Cattle receipts 1,200 with fed steers and yearlings generally steady, stockers 3.75 to 5.25, heifers 6.00 to 6.50, veal up to 8.50, bulls weak to 25c lower.
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Portland Market Report Highlights Taxon Cattle Hogs and Sheep
PORTLAND July 24 cattle receipts 85 steady hogs receipts 200 fully steady sheep receipts 15 steady. Motorcycle long jumping over human beings is thrilling London amusement seekers.
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