Stocks Slide Amid Holiday Dullness and United Turmoil
The market shows a broad downturn with bears pressuring prices while hopes fade for year-end activity. Copper and zinc trade strong despite overall weakness as mining issues and potential Mexican conflict weigh on sentiment. Major names like United States Steel fall, while local stocks show some strength amid the decline. Paine, Webber notes dividend actions and copper plays, with market outlook cautious for the near term.
MENTIONED IN THIS ARTICLE
United States
Anaconda
Tutte & Superior
Alaska
Tri
Thewell
Tian Copper
Nevada
Basba Nota
Kennicott
Chino
Miami
Ray
United States Steel
Green-Cananea
Granby
Montana Power
Davis-Daly
Tolfimne
East Butte
Joret
Weere
Wall Streetclose Dip as Peace Prospects Weigh Market
New York stock market opens the week in a subdued mood amid international tensions including the German peace proposal and the Mexican situation. Trading shows smaller volume with total sales around 1,000,000 shares and notable declines across key issues such as United States Steel and allied metals while bonds ease. Copper and miscellaneous futures also report dull activity, with bond values softened in a cautious market environment.
MENTIONED IN THIS ARTICLE
New York
United States Steel
Tno
Allied
Chile
Sugar market snapshot shows price shifts and product notes
In New York on December 2 the market reports centrifugal sugar at 5.05¢ with a 10 point drop, leaf sugar crushed at 7.85e and Mold A at 7.360, cubes fc powdered listed at 6.65e, confectioners A at 6.15e, No. 1 at 6.700, with about 1,800 gas plants mentioned in the closing line.
MENTIONED IN THIS ARTICLE
New York
Metal exchange tabs tin lead copper and futures quotes
The Metal Exchange quotes tin firm and lists lead at 50,762 with 10 cent asked for spot in St. Louis. London spot copper at 139 108 with futures 136 electrolytic C151. One spot price 176 futures 178 158. Lead 20 109 Speiler 51. Seattle livestock notes higher demand with prime steers and cows around 6.75. A Worcester man owns rare U S flags dating to 171. Barnes family heirloom flags with 20 bullet holes.
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William J
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