Mixed Market Closes With Profit Taking and Some Gains
The stock market finished mixed as profit taking weighed on many leaders while some issues rose. Notable movers included Chrysler down after a dividend cut, American Distilling up after reporting complete insurance coverage for a Pekin plant fire, and utility stocks advancing. The American Stock Exchange showed broad mixing with about 700,000 shares traded.
MENTIONED IN THIS ARTICLE
Motors
Associated Press
Chrysler
UN Rails
RHO
Gavnn
Mrs. American Distitling Co
Pekin
American Stock Exchange
Market report showssoybeans drop amid late selling and mixed grains
A chaotic trading day on the Chicago Board of Trade sees soybeans slipping 8 to 16 cents as late selling dampens gains while corn and wheat move mixed. Hog and cattle prices ease modestly in New York and Chicago bid-asks amid drought worries and harvest forecasts.
Hog market report from Indianapolis trading brisk
Barrows and gilts sold about a dollar higher with 8 000 receipts. High choice hogs ranged near 22 50 to 22 75, with 200 to 250 pounders at 23. Heavier weights were scarce and several price bands listed for 260 to 185 pounds up to 22 50, 120 to 160 pounds 17 50 to 19, and sows and cows steady to higher. Vealers and calves were active with top vealers 16 to 18 and commercial at 11 to 14. Fall lambs and ewes offered with prices mostly steady to higher.
MENTIONED IN THIS ARTICLE
Liam
Sareegh
Chicago
Tmer Tel
Armeor
Rynck
Poungs Etlenal Treat
New York
Muncie
Packard
Teds Coop
Trong
Seger
Uniad Alversit
Westen Union
M. Galvin
Wellman
Ali
Midwest
Anderson Poultry
Pereipta
Bond Market Moves Upward
New York traders saw the corporate bond market rise with utilities and speculative rails showing notable gains. Treasury activity indicated expectations of new government financing and the Senate Finance Committee approved lifting the federal debt limit by 6 billion dollars temporarily until next June 20. Trading volume on the New York Stock Exchange bond market reached 3.42 million dollars in value, down from the prior day.
MENTIONED IN THIS ARTICLE
New York
U.S. Treasury
Senate Finance Committee
New York Slade Exchange
Hog Market Shows Gain Despite Lower Hog Totals
U Producers sent in fewer hogs than expected as demand remained strong. Prices rose for masa pork and sows, with butchers paying around 23.35 for select lots. Cattle and sheep volumes were light with mixed results, steers steady to weak and lambs firm to higher.
Cocoa Beans Price Rise Tied to War Era
In New York a dramatic rise in cocoa bean prices is noted, with beans for chocolate costs escalating since World War II. The report also mentions 1955 TV models and provides U S cab counts and long distance travel data as context. Grain bids from Indianapolis show current prices for various grains and soybeans as trucks deliver supplies.
MENTIONED IN THIS ARTICLE
New York
Also Mentioned on This Page
Art
Muncie Livestock
Cnn
J Browns
Mar Bge
Marshals 'Store
Nort
Ott
Pinking
Pei Ata
Ys Basket
Tus
Brea
Jewelers
Ned
Indianapolis
Barrows and Gills
Thuiland
Bukhova
T.V
United States
Absit
Washington
Wickens
Columus
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