Markets Rally as Wheat Prices Jump on Buyer's Rush
Chicago March 20 Associated Press reports a wild wheat market with initial drops then a strong rally as buyers surge amid scarce Canadian export supply and fears of European financial troubles. Prices closed higher amid dust storms in the Midwest and expectations of decreased U S visible supply. Corn and oats followed wheat, with lard buying limiting oats gains and futures for refined sugar in New York steady with firm demand.
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New York
Wall Street gains amid thin volume on steady signs
New York stock market sees lifting selling pressure with notable gains in high priced issues. United States Steel and American Can post gains while copper prices rise on merger rumors and anticipation of a reorganization plan.
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Republic
Serlea
Serlea’ Aw Big Ues
St. Paul
Pressure Lifts As Stocks Rally On Industrial Finances
Market activity turns constructive as selling pressure eases. Strong buying lifts Can Steel General Electric and Pan-American amid hopes of dividend resums and railroad consolidations. Liverpool Buenos Aires declines driven by a German import house failure, while Pan-American advances on Monday division news. Weather storms in Kansas Oklahoma add to cautious optimism.
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Kansas
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Slaughter market notes from Denver and surrounding regions
Livestock prices and receipts in Denver and nearby markets show steady to modestly lower bids on cattle and hogs. Cattle receipts about 600 and sheep 2,000, with top steer prices near 9 to 10 dollars, fat lambs higher by 25 to 40 cents, and packers’ demand mixed across weights.
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Denver
The
Associated Press
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Utah
Lecevita
Wool and metal market frictions in international notes
A brisk mix of commodity notes from Seattle stock yards to London futures, with sheep receipts steady and varied pig prices, plus copper and tin spot and futures in London markets. Boston wool outlook unchanged amid tentative demand, while Mohair prices and carpet tie-ins show limited movement. New York reports on airplane production and electric utility progress in interior cities, reflecting mixed momentum across sectors.
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