Sharp downturn in wheat prices on New York market
Wheat fell sharply at the close with May delivery hitting the season's low as heavy selling by houses with eastern ties pushed futures down two to three cents amid a new bearish Canadian yield estimate. Corn oats and provisions followed the trend with mixed futures and spot quotes listed for No. 2 varieties, while Minneapolis cash markets showed bids for No. 1 northern and spring wheats and related grain prices.
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New York Stock Exchange Irregular Market Ends Quietly
Irregular session saw net losses exceed gains as last hour selling trimmed earlier gains. Rumors of Fed rate hikes eased after money market steadied, while rail and steel stocks showed renewed strength and commodity futures drifted with uncertain demand.
Market Lag and Grain Market Decline Report
New York traders faced lag as easier money rates weighed on markets. A prominent banker’s abroad remarks dampened early optimism for steel and stock distributions and slowed the uptick in shares. Jenny Manufacturing cut fuel prices by two cents a gallon, aiding late-session demand and a broad cover move. Wheat weakened late, with strong foreign demand but Canadian-led selling. corn dropped with grains, oats rose on rains along the Missouri, and country movement remained moderate.
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Livestock Market Totals From Midwest and West
Receipts across multiple markets show cattle and hogs steady to firm with selective strength in Western steers. Reports from Sioux City and Omaha indicate feeders and stockers holding near steady, while lamb and sheep trades vary by region. Foreign exchange steadies as markets digest supply signals and regional price spreads.
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Real Estate Advertising in The Anaconda Standard
The Anaconda Standard promotes its Real Estate columns as the best way to reach serious buyers in Butte. It invites readers to explore attractive properties in and around the city, asserting sellers target standard readers for property values and urging use of the paper as a guide to desirable listings.
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Robbery Loot Valued at 120000 Seized by Armed Men
In Chicago on September 2 two armed men robbed Norman Kadison of New York of jewels valued at 120000. Kadison said he was overpowered, gagged, tied to a bed, and relieved of the jewels after returning to his downtown hotel room. He freed himself after the assailants escaped and notified police.
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