Billet Pool Will Maintain Prices Sparks Steel Rally
New York December 18 steel markets rose after the billet pool announced it would keep present prices. Steel preferred jumped about 2 1/2 percent, lifting Pennsylvania and Amalgamated Copper while the broader market steadied. News of bond activity and foreign exchange added mixed movement as traders priced in year-end liquidity.
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Fall River Print Cloth Market Shows Broad Activity
Fall River Massachusetts reports a busy week in the print cloth market with about 900000 pieces sold. Market tone strengthened with an advance of 1-8 in regulars from 33-8 to jae, driven by rumors and further cotton market gains. Global price notes include assorted pork, lard, and flour across major cities, with mixed futures in Chicago and New York.
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Market roundup shows steady gains amid steady receipts
Mixed commodity notes from Cincinnati Atlanta and Savannah report firm wheat and corn futures led by December contracts. Spot grains hold gains as light receipts support firmness. coffee sugar and canned goods price levels shown in Atlantic markets with agricultural and dairy items easing little.
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Cotton Seed Oil and Meal Market Snapshots
Cotton seed oil held firm with small gains across New York Memphis and New Orleans markets. Prices quoted include prime crude 29 1 2 cents per gallon in New York and 29 2 0 in Memphis, with yellow and refined varieties in the 33 to 40 cent range. Meal and cake prices appeared around 20 50 to 21 dollars for meal and prime cake.
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Trade Outlook Mixed as Holidays Boost Some Sectors
The report from New York notes improving activity in holiday goods and stronger orders for seasonable products, with building permits up and demand for iron and steel stabilizing. However cotton, woolen goods, and some fuel sectors show little progress, while structural material and shoe industries see rising orders and steady leather prices.
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