Markets and Wheat Weakness Drives May Prices Down
Markets, mining and financial news report a late-day weakness in new-crop wheat with May futures firming little. Declines in July wheat fed by Kansas City Oklahoma crop outlook, slow export demand, and selling pressure, while dry Dakota weather and strong cash quotes offset some losses. Minneapolis and Duluth grain quotes show mixed gains and drops. sugar and foreign exchange move with minor fluctuations.
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Associated Press
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Minneapolis
Hye
Stength
irregular tone motors better
New York May 19 tone described as irregular and more pro fessional. Behind the scene the market showed mixed action with gains in motor shares sustaining value while overall trading remained cautious amid anticipated building trade conditions. Grain and metal markets faced selling pressure with wheat futures slipping and copper and bar silver showing modest activity and price shifts.
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Logan & Bryan
New York
Foundation
Iron Pipe
Livestock prices mixed as Chicago and South St Paul markets show gains and declines
Cattle receipts at Chicago and South St Paul total around 12 200 head with fat cows and cutters steady to higher while heavy hogs and butchers improve to 14 50 and 15 00 per cwt. Sheep receipts near 6 000 with fat lambs up to 25 cents higher and yearlings around 14 75 to 15 50 per cwt. Extension of government owned railroad in Columbia noted.
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New York
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Rte
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Ioe
Chicago
Hoxn
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Columbia
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