Prices tumble in wheat markets amid record receipts
Wheat and grain prices hit season lows as large wheat receipts flood markets. Chicago prices slipped with December at 1.23 and May at 1.05, while U S visible supply rose by 3 445 000 bushels and Canadian movement remains heavy. Corn oats and hogs followed grain weakness, with provisions also easing. Minnesota cash bids showed varied values for No 1 northern and spring wheats.
MENTIONED IN THIS ARTICLE
United States
Northwest
Montana
America
Orn
Associated Pres
New York
Duluth
New York Stock Exchange Day Sees Mixed Market Rallies
The Associated Press reports a volatile session with motor and mercantile shares rallying while declines persisted in others. Chrysler led gains to a record high of 190, aided by production news, while American Can and United States shares showed late moves. Money rates firmed as banks prepared for month end settlements and call money reached around 6 percent.
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State Treasury
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Czechoslovak Republ
Bel
Chile
Montana
Leela
Wesel Venous
Sol Witsoe
Market rally dampened by heavy selling and global pressures
Stock market activity showed a reactionary tone with widespread selling in grains and soft trends in metals and currency. Wheat hit new seasonal lows as eastern selling and ample Canadian supply pressured prices, while corn and oats stayed subdued but weak on lingering visible supplies and hedging. Sugar and metals markets reflected a cautious tone with futures softening and demand muted in New York and London openings.
MENTIONED IN THIS ARTICLE
London
Associated Pre
New York
Livestock trade reports mixed at Chicago and St Paul
Chicago market receipts show cattle and hogs mostly steady to lower with hogs slipping about 50 to 70 cents. Slaughter hogs ranged around 12.20 to 13.78, while cattle faced softer demand and some loads under 16 dollars. In Minnesota, South St Paul and nearby yard activity cooled with fat cattle and calves down modestly and feeders steady on better types. Sheep receipts were about 20,000 with natives steady and ewes selling around 17.75, while fat range ewes were sparse.
MENTIONED IN THIS ARTICLE
Associated Pi
Chicago
Maso
Market Report Mixed Livestock Prices and Sluggish Demand
Cattle receipts 26 500 mainly feeders with light supply of fed steers and yearlings. Prices show slow declines up to 50 cents, with bulk grass cows 3.75 to 5.50 and veal and stockers steady. Hogs receipts 381, market steady to higher with top near 13.85, sows and pigs varied. Sheep receipts 610, lambs firmer by 25 cents early, yearlings up. Prices reflect midweek trading and late arrivals in Spokane markets.
MENTIONED IN THIS ARTICLE
Spokan
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