Wheat futures reach new highs on strong demand and outlook
Chicago September market reports wheat futures advancing to new highs on crop optimism and outside buying. Australian export prospects and India and Britain purchases supported gains while corn and oats fluctuated. Provisions eased as cotton factors and eastern demand influenced the session.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
India
Sears
TV Ariy
Caniec
Mharry
Cstton
Market Rally Extends Across Stocks and Commodities
Trading on the New York Stock Exchange surged against short positions with broad buying lifting industrials, oils, and rails. Cotton bills and foreign exchanges rallied on heavy buying by British, French, and German interests while call money fluctuated and bond markets posted gains amid a strong session.
MENTIONED IN THIS ARTICLE
Associated
New York
Shorts
Mexican Petroleum
Pan-American
Houston
Royal Dutch
Gulf States
Crucible
United States
American
Baldwin
American Car
General Electric
Randier
Soo
Western and Southwestern Groupe
Liberty Group
Bulls Confidence Grows in Market Amid Stock Rally
The Heilbronner Company notes a strong market with oil steels motors and copper leading gains. Mexican Petroleum climbs over five points while United States Steel Baldwin Locomotive and Studebaker rally. A cautious outlook quotes Dick and warns against broad bullishness despite cotton’s ascent and rail strength.
MENTIONED IN THIS ARTICLE
Heilbronner Company
Stock Exchange
Mexican Petroleum
United Sates Steel
Baldwin Locomotive
Studebaker
Northern Pacific
Ood
Mr. Dick
American Agricultal Chemical
J.P. Morgan & Co
Interboro
F. W. Wolworth Company
Colorado Fuel and Tron Company
Las Animas
Indemnity Contracts Trading Is Stopped In Chicago
In a move reported from Chicago, the grain and indemnity markets adopted an amendment to rules to halt trading in indemnity contracts. The change was approved by five dissenters, marking a significant shift in commodity rules.
MENTIONED IN THIS ARTICLE
Associated. Preas
Chicago
Cnteage Board of Trade
As Sinton
Asm
Oil firms pact with Obregon to suspend export tax
Five leading American oil producers and President Obregon agreed that under May decree 34 an oil tax of 13 or 14 cents per barrel would apply to July stored oil. They would suspend further export tax withdrawals until December and dismiss injunctions while Mexico lifts embargoes.
MENTIONED IN THIS ARTICLE
St. Louis
Rocky Mountain & Pacific
New York Central
Cleveland
Cincinnati
Chicago & St. Louis
Westinghouse Electric
Lehigh Valley
Lorillard
Homestake Mining Company
Mexico
Obregon
Walter C. Teagle
Standard Oilcompany
New Jersey
Teagle
Ofl
The
of Men
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May
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Boston
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Mountain Producers’ Corporation
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Polene
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Cabler
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Metals Bank and Trust Co
Butte, Montana
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FETY
AL Clark
Ross Clark W. A. Clark & Bro
Gonneton
Butte
K. F. Hutton & Co
Hayden, Stone & Co
Clement Curtis & Co
Heilbronner CO
Broadway
Union
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Iyland
Delaware
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