Steel Preferred Drag to Market at Pittsburg Heavy Selloff
The New York market extended its declines as United States Steel preferred led a broad retreat. Traders cited heavy liquidation tied to Pittsburg area info and a weak weekly steel review. Banks reported mixed November returns with deposits up while some balances shrank, and cotton exports hit a record high, boosting November foreign trade figures.
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United States Steel
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Crooklyn
United States
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United States Steel and
St. Paul
Yeaterday
Baxter & Co
Lst
Railway Ist
Wheat Market Tumbles Then Rallies Amid Strong Corn Oats
Heavy wheat selling dominates trading in Chicago with May and December futures slipping more than 2 cents and 11 4 cents at times. A rally late in the session trims the loss, while corn and oats show strength with May corn up 1 4 to 3 1 8 cents and oats rising about 1 4 cent. Provisions rise as demand from shorts and commissions supports futures.
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Shorts May
Cothran & Co
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Shorts
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Miller & Co
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Northwest
Howell Jones Co
Conelstiniz
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