Markets and Wheat Rally Amid Global Supply Fears
Prices for wheat rose 2% to 3% as supply concerns spread from Canada to Argentina and Australia. December and May futures advanced while corn gains faded. losses in pork bellies and other grains followed. Readings from Minneapolis and Chicago show tightening supplies and strong demand, with spot and future prices reflecting broader market optimism despite profit-taking.
MENTIONED IN THIS ARTICLE
Argentina
Pampas
Australia
India
Theinibie
Chicago
New York Stock Exchange motor shares surge on rumors and gains
Broad upward trading resumes with motor shares leading gains. Prices swing wildly from 128 to 139 then back to 127 and 130 as 100000+ shares change hands. Strong activity in motors, rails, and oils driven by reports of earnings, capacity, and reorganizations.
MENTIONED IN THIS ARTICLE
York
Easly
Wall Street
Atlantic Coast Line
Paulineves
Motors
Studebaker
Mack
Marland
Houston
General Asphalt
Standard Oil
California
Pacific
Phillips
Simmons
Baldwin
0. S. Steel
Meeseeyeu
Menagomery Ward
United Rates
France
Markets Mixed amid Outside Demand and Cash Dividend Hopes
Trading across sectors showed outside demand lifting several groups while copper shares rose before profit taking. Motors surged on expected dividends from a student directors group, with oil and copper leading later rallies. Foreign exchange and commodity prices moved in varied patterns as weather and broad conditions influenced buying, with December wheat strength and oats steady demand noted.
MENTIONED IN THIS ARTICLE
Logan & Ryan
Motors
Studeker
Hogs and Cattle Prices Across Key Markets Nov 2
Reports from Chicago St Paul Omaha and Denver show hogs down 10 to 35 cents, lighter weights around 11.00 to 12.00 with packing sows 9.60 to 9.90. cattle receipts near 50,000 with killing steers steady to weak and stockers active. sheep around 15.00 to 15.60 for fat lambs, with varied ewe and feeder prices.
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Ceago
Associated
Chicago
the Associated
South ST. Paul
Montana
Associated Omaha
Hoxs
Fed
Denver
Associated Press
California
Colorado
Utah
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First National Bank OF
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Stephenson
Seorge A. Mill
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W. J. Forsythe
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