Stock market dips with early losses and firm close
New York November 30 stock market opened weak as money shortages and large bank withdrawals weighed on prices. Despite early declines, a broad recovery lifted the market to near Wednesday’s close with heavy trading in rail and coal shares, while money rates spiked and then eased to end at firm top prices.
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Market Signals Point Toward Higher Cotton Goods Prices Next Year
The report notes active copper and a stronger wool market, with cotton fabrics selling well for next year and prices expected to rise. Despite weather challenges, textiles remain in demand as producers await clearer future trends. Global failures and trade data show modest shifts, while metal markets exhibit varied pricing yet overall strength.
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