Wheat swings on U S market amid shrinking supply
Wheat prices rallied after a drop as the visible supply estimate fell by about 2.85 million bushels, triggering late gains on the Chicago Board of Trade. Corn and oats slipped while soybeans moved narrowly. provisions were steady with a light overall market.
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Wall Street holding gains amid heavy volume and tax fears
New York stock averages advance for fifth week as rails falter less than industries. Market wide turnover reaches 1,984,600 shares with tax payment anxiety easing after declines in French francs. General Motors hits a record high while United States Steel nears year’s top amid mixed steel and aluminum news.
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MARKET STRONG AS WEEK BEGINS
Market gains led by General Motors and Bethlehem Steel as the New York stock scene opened. Strong auto and steel demand supported buying, with California Packing and General Electric among high priced names aided by favorable May Geneva Motors dealers data and a robust grain and livestock picture across Seattle Los Angeles Spokane and other centers.
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Hogs and Cattle Markets Reported Across Midwest and Metals
June 14 market notes show hogs mostly 10 lower with limited top. Sioux City cattle receipts 4,500 active with killers strong and fat steers around 7.26. Metals markets: copper steady, tin firm. brass and zinc steady. London spot prices mixed. silver at 55? cents. New York call money firmer around 4 percent with various loan rates.
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Bootleg Silk Stockings Spark Brisk Trade in Romania
In Bucharest on June 14 bootleg silk stockings flood markets as high duties on silks and luxury wear push clandestine imports. Many sellers are women and profits run into thousands of pairs of Parisian hosiery sold to retail stores or directly to buyers. Government confiscated silk stock in previous year valued at millions of lei. Best quality silk stockings cost about $10 in Romania, with silk lingerie ranging from $25 to $75.
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Bucharest
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