Markets boost corn prices amid crop scare and demand
Spectacular gains for corn and other grains, with November deliveries hitting fresh 1924 highs as traders bet on a short crop despite favorable seasonal weather. Wheat slipped slightly while rye and oats showed volatility, and receipts at major markets weighed on prices.
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New York Stock Exchange gains amid mixed midcontinent price cuts
The market entered its eighth week of gains as profit taking followed midcontinent price cuts. United States Steel rose to 104 after a 60 cent extra dividend may be kept, while rail links showed steady demand despite June earnings. Major issues like Sears Roebuck and Montgomery Ward hit new highs, and various sectors including International Harvester and fertilizer stocks advanced on stronger purchasing power.
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Cerro de Pasco Copper Company
Fleischmann Company
Spe
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Allis Chalmers
Tata
Prairie Oil and Gas
Texas Company
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Cosden
Mariana
France
Acauiet
Stocks Open Up With Some Speed
Stocks edged higher as reactionary trends corrected across groups, with rails and industrials leading and oils steady amid price cuts. Utah Copper rose to 80 by year’s best, Maxwell A reached new highs on brighter earnings outlook, while Cotton eased on profit taking and weather forecasts.
Sad Dre Jeromer Export Bemis High Price Delivery
Foreign exchange quotes show Great Demand with francs at 4. gables and cables 4.14% Italy demand 4.22 and Germany demand 28.36. New York money markets report steady call money around 4 percent with minor variations and lending rates near 2 percent.
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Metal market notes from New York and London
METAL NEW YORK July 28 copper futures and spot prices around 48.26 dollars per pound with mixed descriptions for copperpot and near by. Lead and zinc show steady to firm quotes in spot and futures while antimony and other metals trade with varied prices in New York. LONDON July 28 money markets report 945 pence per pound and 8 percent money rates, with Mexican dollar figures noted.
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Livestock market trends and cattle receipts
July reports from MAHA and SOUTH ST PAUL show active cattle and hog markets. Beef steers and yearlings rise with top prices near 11.60 for steers, hogs mixed with strong packer demand in some yards, while lambs ease and calves remain liquid. Receipts run high, with 18,000 lambs and 17,000 cattle at MAHA and 4,800 cattle at South St Paul.
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Portland cattle and hog markets mixed amid varied receipts
USDA reports Portland and Denver market activity with cattle and calves at 3,481 head, slow demand and mixed prices for common to medium stock. hogs strong with weights 160 to 250 pounds fetching 9.75 to 11.20. sheep and lambs receipts 1,64 slow with lambs at 2 to 9.40 and ewes 3.05 to 6.60. Denver and Spokane listings show steadier hogs and mixed veal and feeder prices.
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