Copper sales exceed May production despite mixed market signals
May copper sales reportedly surpassed production, bolstering copper stocks and signaling potential further gains. Reports note British purchases may favor cheaper sources, while U S steel and iron futures show strength. expectations point to higher prices if distribution remains robust, with shorts poised to cover after the long holiday.
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New York Stock Market Gains Amid Light Week End Trading
The New York exchange saw a resumed advance after Tuesday liquidation with United States Steel and Independent steels up one to two points. United States Steel est posted gains as shipping shares rose, International Mercantile Marine recovered after early weakness, and overall volume reached about 1,750,000 shares. Bond market stayed firm with strong inquiry for government issues. total par value around $10,150,000.
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Livestock market report shows mixed weights and prices
The cattle section notes strong demand for good steers and stocky cows, with heavies and feeders steady to slow. Bulls remain steady as trade patterns show higher weights drawing interest while lighter lots move slower amid overall activity. Prices quoted for heavy packing beef stock and lighter feeders reflect varied demand amid market caution.
MENTIONED IN THIS ARTICLE
Caiven
New York Stock Quotations Mixed Across Cattle and Cotton
Market reports from New York and Portland show varied quotients in cattle and lambs with lambs down to 12.50 or 12.14 per hundredweight and beef and butcher stock steady. Mercantile paper rates and Liberty bonds moved little with demand steady. copper and electrolysis futures quoted, reflecting a cautious trading day.
MENTIONED IN THIS ARTICLE
New, York
Mercantile Paper
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