Wheat and grain markets mixed in mid May trading
The market report notes wheat prices slightly higher with corn and oats mixed. Northern and Canadian sowing delays and Manitoba floods raise anxiety for the season, while cash corn demand improves and fats move with hog values. Minneapolis cash wheat prices and grain figures are listed with receipts and varieties detailed.
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Mixed overseas quotes and U S sugar prices in May report
New York May 13 reports mixed foreign exchange rates with Great Britain at 4.853 for demand and 4.855% for cables, France demand 8.91% with 3.9118-16 cables, Italy 5.42 with 5.4243-. Belgium 13.88. Germany 25.67. refined sugar unchanged at 6.10-6.20 with limited demand. futures close easy with about 38,500 tons. Potatoes receipts and prices noted. poultry and related items.
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Stock Market Rises on High-Priced Issues After Dividend News
New York May 13 Violent advances in select high priced stocks marked the resumption of an upward market. Gains followed General Motors ex-dividend news with strong absorption of offerings. Industrials reached new highs led by Chesapeake and Ohio and United States Steel while call money rose to 4 percent. The market held near the high in late trading as investors weighed federal reserve actions and industrial revival prospects.
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Market Comment by Logan and Bryan on May stock activity
In New York May 13 the market showed irregularity with strong demand for high priced issues like Nickel Plate. Motor stocks slipped early then rallied late lifting United States Steel and Baldwin while oil shares held gains. Wheat and corn markets saw mixed signals with rain delaying planting and large shipments noted. oats and other grains showed firmness but slow trade.
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Livestock Prices Report From Chicago and Midwest Markets
The Chicago market shows cattle and hogs with mixed to higher tone on light livestock and hogs up to 16 cents. Hog futures range 9.60 to 10.50, with bulk slaughter hogs around 9.60 to 9.80 and packers near 9.40 to 9.60. Cattle receipts around 2,500 with steady to higher bids. vealers strong with top around 12.50, fed steers near 10.75, bulls to 7.15, and sheep receipts about 9,000 with lambs around 15.85 and ewes around 7.25. Other Western markets at Omaha and South St. Paul show similar patterns with steady to firm demand for hogs and cattle, and lighter action on sheep. Port cold and Seattle area reports similar cattle and hog movements.
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