Markets and Mines News Slow Buying and Falling Prices
Chicago reports weaker wheat and mixed grains with late profit taking and hedging, while corn and oats eased. Canadian threshing resumes as prairie movement stays heavy, and Europe’s dwindling afloat supply fuels export talk. Hog futures reflect early gains then declines amid weather variances and demand uncertainty.
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Canada
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New York Stock Exchange Sees Volatile Trading Amid Rate Shifts
Money rates again dominated the market with irregular closes as motor, utility, and steel shares rose while high priced industrials fell. Call money jumped to 6 percent, then eased to 6 percent, sparking brief rallies before a late downturn. Weakness in General Electric and General Baking accompanied declines. rail trading slowed awaiting August earnings. time loans steadied around 4 percent.
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Recoveries in Late Trading Amid Broad Market Movements
A volatile session shows slight recoveries in late trading alongside varied shifts in grains and metals. Wheat futures faltered due to reduced Eastern buying while corn demand softened. New York money rates and foreign exchange drifted, copper and tin prices edged, and oats eased modestly.
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Market Summary of Hogs Cattle and Sheep
Receipts show hogs 6 500 to 7 000 in Omaha and Chicago markets with opening steady to down. Hogs mainly 12.60 to 13.10 with top near 13.40. cattle steady to weak with fed steers 9 to 12 and calves around 12. Bulls and canners firm, light stockers slow. Sheep slow with bids softer, bulk under 15.25.
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Market notes on cattle hogs and sheep receipts across cities
Cattle and hog receipts varied by market with mixed trends. Spokane and Portland reported steady to unchanged prices, while Denver and Sioux City showed mixed gains and declines across cattle calves hogs and sheep. Prices ranged from light loads to bulk figures, with feeders and stockers proving active in several regions.
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