Wheat and grain markets advance amid mixed signals
In Chicago and Minneapolis trading, wheat finished with a moderate net gain led by demand for flour and tight supplies. May and December wheat rose to about 1.56 and 1.61 per bushel, while corn eased and oats fluctuated. Canadian spring and Minneapolis mills show active shipments, with weather aiding corn. Prices for flour, bran, butter, and sugar noted, along with nearby livestock market hints.
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Associated Press
Montana
New York Stock Exchange Market Mixed On Rumors and Strength
Tealroad equipment led gains amid rumors of a proposed recapitalization lifting several issues. Pullman nearly reached 14 points to 173 percent while Chrysler posted stride with five points to 163 percent. Public utilities rose with Consolidated Gas to 94 percent, Electric Storage Battery advanced, and Armour, American Tobacco, Fleischmann and others improved. some names fell on dividend doubts. Call money opened at 2.5 percent, then eased to 3 percent as rates held steady elsewhere with the Fed keeping rediscount at 3 percent. Foreign exchange stayed firm with sterling around 84.84, francs near 4.72 cents, and Scandinavian currencies recovering.
MENTIONED IN THIS ARTICLE
Tealroad
Pullman
Chrysler
Armour A
American Tobacco
American Stoelling
General Baking
Fleischmann
Hadlcott-Johnson
United ‘Cricbie Steel
New York Federal Reserve Bank
French
France
Heavy turnover and advances signal potential market top
Heavy turnover with sharp advances continues as fresh bulges attract profit taking from professional traders. Large floor traders sense a top in the market while prices generally trend upward with brief interruptions. The outlook hints at overbought conditions and an impending correction, supported by current technical positioning.
MENTIONED IN THIS ARTICLE
Logan & Bryan
Ing
Decline Shown In Copper Production
Copper output dropped as market reports show weaker metal production. London metals prices and futures moved, while wheat and corn traded erratically amid mixed demand and trading activity. Foreign demand was slow with Canadian marketing heavy, and Southwestern markets stayed firm only modestly.
MENTIONED IN THIS ARTICLE
Uch
Cables
Roma
Amalle
Ancen
Livestock market roundup across major midwest cities
Chicago Sioux City St Paul and Omaha report hog and cattle receipts with price ranges. Hogs varying by weight from about 11 to 13.50 with sow and pig values, cattle including fed steers and vealers showing general softness in some regions and strength in others. Local reports from Portland and Los Angeles note limited activity and modest price shifts for hogs and cattle.
MENTIONED IN THIS ARTICLE
cHrcaco
Associated Preas
Chicago
ST. Paul
South ST. Paul
Montana
Omaha
Los Angeles
California
Time loans and acceptances cited with mixed collateral rates
The brief notes call out call loans against acceptances at 3 percent and time loans described as firm with mixed collateral. Rates listed include 4 percent for 4 to 6 month prime commercial paper and 4 percent for other terms.
MENTIONED IN THIS ARTICLE
Youn
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