Profits Taken In Pre Holiday Trading On Wall Street
New York May 28 By the Associated Press Pre holiday trading showing profit taking and bear selling. Volume heavy with over 1.25 million shares traded. Pan American issues declined after court decisions, A and B stocks fell then partly recovered. Major gains in Standards and Bullish utilities amid renewed demonstrations. Banks reported higher reserves and deposits in the weekly clearing house statement issued for the holiday.
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New York
Associated Press
Das
Esigan
Federal Reserve Bank
Hautleg
New York Stocks Data Snapshot
Market data shows mixed activity with several indices fluctuating. The report notes notable percentage changes and investor caution amid uncertain economic signals.
Business Sentiment Shows Improvement Reported
Associated Press notes that despite a severe frost after mid May, business sentiment improves with more activity in primary markets. Shoe trade remains dull, textiles show modest gains, cotton production urged to curtail, woolens weak, silk and knit goods strong. Weekly bank clearings total 38.35 billion dollars. Also report: eastern Galicia families relocating to Peace River district farms in Northern Alberta.
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Associated Press
New York
Dun
Tomortray
Seattle
Galicia
Peace River
Alberta
Edmonton
Alta
Wheat market swings as May contracts end in losses
Chicago wheat futures closed weak after a volatile session. May delivery fell to 1.85 a bushel, down from a late-season high, with May at 1.654 and September at 1.63. Corn and oats showed modest shifts while moisture issues supported some corn strength. delivery concerns weighed on wheat as traders settled accounts.
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Chicago
Associated Press
Witay
Palas
Harley
Timoothy
Wheat Situation May Be Reversed
Washington reports the favorable wheat outlook of last year could reverse this season. The Agriculture Department notes a potentially poor yield with limited world shortages, citing abandoned winter wheat acreage in several western states and very poor May crop conditions. Canada plans an acreage equal to last year with good moisture, while hog supplies appear tight, with total slaughter projected around 2 3 million head in the year ahead.
MENTIONED IN THIS ARTICLE
Washington
Associated Press
Department of Agriculture
Washingtn
Montana
Oregon
New Mexico
Texas
Canada
Chicago Market Potatoes and Dairy Prices Report
Chicago market report dated May 18 notes quiet trading and steady markets for potatoes with new stock around 31 to 38 cents and total U S shipments at 99. butter and eggs show higher creamery extras around 42 cents with standards about 40.9 cents. poultry values listed with live fowls at 20 cents and other poultry prices included.
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Chicago
U.S
Wisconsin
Michigan
Cemosters
Monthly report shows farm wealth boosting construction and retail trade
Northwest farmers use surplus wealth to upgrade farms and restock machinery. The Federal Reserve Bank of Minneapolis reports April conditions with farm implement and hardware sales up, groceries down, wholesale trade higher than a year ago. Receivables mostly smaller despite higher sales. weather notes for Montana predict unsettled Saturday and possible showers east and south, with Sunday fair.
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Minneapolis
Northwest
Federal Rerserve Bank of
Jelyn R. Mitchell
Federal Reserve
Livestock Prices and Market Notes Across Regions
The report aggregates cattle hogs and sheep receipts and price ranges from South St. Paul Chicago Omaha and Spokane. Cattle mostly steady to slightly higher with varied weights and classes. hogs mixed with top around 12.80 for certain weights. vealers and sheep show activity and firm to higher bids. Tires to advance notice from major manufacturers follows with price increases effective June 1.
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Associated Press
South St. Paul
Department of Agriculture
Falcon's and
Heers
Tioga
Chicago
Omaha
J—Hoge
California
Wool Market Slumps Amid Broad Wool Sales Decline
Associated Press report from Boston May 29 notes the Commercial Bulletin sees slackening wool demand with limited sales at last week’s levels across seaboard markets. It cites price quotes for various wool grades in the Bright Whal section, Far West, Bradford, and River Plate markets, plus upcoming quotations and refined sugar data for New York.
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Hoston
Seaboard
Far West
Bradford
River Plate
Viomestichie
Fenneylvania
Leeves
Delaine
Atc
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