Markets Downward in Wheat and Related Commodities
Wheat futures slipped with December at 1.50 for March delivery amid imports and high protein premiums. Corn and oats fell while provisions held firm as hog values kept pressure. reports cited Canadian imports, Alberta supplies, and rain in Argentina and Australia shaping southern yields.
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Associated Prew
Chicago
Duluth
Snd
Canada
Ellers
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United States
Minneapolis
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Australia
Cate
Revival of activity in railroad shares lifts New York market
Revival of activity in railroad equities pushed the market to its highest postwar level with broad gains in high-priced utilities. Trading surpassed 1.5 million shares as Atlantic Coast Line and other rail issues rose, while banks and money rates showed modest movements and foreign currencies softened briefly.
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New York
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Exchange
Advant
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Atlantic Coast Line
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New York Central
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Seaboard
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Wiestern Pacific
Canadian Pacific
Texas
Montana Power
Western Unio
Market Highlights Mixed as Commodities Struggle and Rally
General market tone shows renewed buying in railroad and equipment shares, with shorts driving some gains amid a broad rally. Grain markets wobble with wheat steady near bottom and corn selling slowly as weather remains favorable. Export demand for rye eases while overall trade remains light and prices face distribution pressure.
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Logan & Bryan
Hull
Winnipeg
Thea
Milla
Boston Wool Market Report Sees Market Tone Shift
The Commercial Bulletin notes a weekly turnover in domestic combing fleeces mainly medium qualities with fair weights of fine wool. Prices eased before London sales but have since firmed. foreign markets remain firm with light advances. Mohair stable. Quotations include blood combing at 50c, 30c. half-blood around 47c, 48c. scoured Texas fine 12 months $1.26, 6 months $1.10. best combing 78-80c.
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Commercial Bulletin
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Ohio
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New York Money and Foreign Exchanges Report
New York money market reports call money strong with bids at 5% to 6% and loans at 4 1 2% to 6% for various terms. Foreign exchange steady with cent quotations: Great Britain 4.84 for demand, France 4.72 4% cables, Italy 4.10 4% and 4.11 cables, Belgium 4.37, Germany 23.80.
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Livestock prices rise as hogs and cattle top markets
Livestock receipts run high with hogs active and higher bids. Hogs average 10 to 150 higher for light to heavy weights with packing sows advancing. bulk 140 to 150 pound selections 12.85 to 13.20. packers paying 12.60 to 13.00 for killing hogs. Cattle and calves show steady to higher demand. steer and heifer prices around 8.50 to 11.00 for best grades, with yearlings and calves easing to mid single digits on lighter lots. South St Paul reports cattle at 7.85 Montana steers and bulk grasses 5.75 to 7.60. calves steady near 12.50 for lights, 13 for mixed states. Hog receipts 4,000. cattle 200 at South St Paul. overall market firm with variable room for grade.
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Sea
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Slaughterhog and cattle market rounds up several cities
Hog receipts around 1 000 with prices slipping and rising in spots across Omaha Spokane Denver and Los Angeles. Bids for natives and butchers vary from $11.40 to $13.50 with some top loads around $13.25. Cattle and sheep receipts show steady to slow demand, feeders and stockers steady, lambs quoted near $13.50 and ewes weaker in parts.
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