Upward swing in price of wheat nets gains
Wheat prices rose on Sept 9 with December at 1.52 3 8 and May 1.57 amid expectations from the government crop report. Trade noted support from Canada rain and European demand, while South Dakota conditions and corn/oats movements influenced the session. Market sources cited strong buying by commission houses and stable close near day’s top.
MENTIONED IN THIS ARTICLE
Associated Prose
Chicago
Canada
Winnipeg
Europe
Northwest
South Dakota
Interior Commission
New York Stock Exchange Speculators Lift Market Activity
Speculators regain control of price movement in today's market led by railroad and motor shares. Atlantic Coast Line rises over 10 points to a near new high, while Southern Railway may raise dividends. Oil shares revive on revised price expectations, Pan-American, Houston, General Petroleum and others gain. Packing shares buyback signals turn in the industry. Call money firm then slips on out-of-town funds. prime commercial paper remains steady. Foreign exchange gains mixed as rates move.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Atlantic Count Line
Bouthe Railway
Tidebaker
Houston
General Petroleum
Atlantic Refining
OW and Gas
Teast
Dupont
American Can
General Electric
Mack ‘Trucks
International Shoe
Allway
Steel Spring
Wnd
Penn Company
Mni Urliy
eMaNar Avorarion
Market Rallyes and Grain Movements Amid Strong Wheat Demand
Rallies featured the day’s dealings with emphasis on covering short commitments. Car-loading figures hit a record high while other metrics showed caution. Foreign demand for Canadian grain appeared healthier, with Winnipeg reports indicating strong absorption and oats advancing with the market.
MENTIONED IN THIS ARTICLE
Logan & Bryan
U. S. Steel
Money market and foreign exchange roundup
The report covers call money rates, bank acceptance loans, and prime paper terms with varied maturities. It notes irregular foreign exchange quotes in cents for major banks and France Italy Belgium Germany, plus commodity prices for copper tin lead zinc and antimony with spot and futures figures.
MENTIONED IN THIS ARTICLE
Foreign Exchange
Prem
YORK
Great Britain
Cabe
Goday
France
Italy
Belgium
Germany
East St
Midwest Market Report Undercuts Weighs Pig and Cattle Prices
Chicago and Midwest markets show hog receipts around 21 000 with varied grades. Prices for 140 to 160 pound hogs near 12.80 to 12.10, with larger cattle demand for fat steers around 16 25 to 16 00 and lighter weights fluctuating. sheep and lamb receipts about 22 000 with fat lambs active above 15.25 to 15.75. Additional notes from St Paul and Omaha reflect mixed demand and steady to lower packer prices across hogs, cattle, and calves.
MENTIONED IN THIS ARTICLE
Chicago
Pref. Soutit
ST. Paul. Minn
University
Omatia
Associated Press
Omaha
Denver
Market Roundup Out of Denver and West Coast Livestock
Cattle and hog markets across Denver Los Angeles Portland Sioux City and Aberdeen report mixed receipts and varied prices. Hogs show slow sales with high weight loads around fourteen to fifteen dollars per hundred weight in some markets. calves and sows steady to up slightly. Cattle range from steady to strong with top cows near six dollars and twenty-five cents in Los Angeles. Aberdeen notes a surprising ten year jail vacancy amid civic calm.
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