Last trading day of year cheers stock market rally
New York December 29 mood upbeat as year end approaches with talk of banking returns and easy money. Market held near highs on speculative demand with Condensed records noting Anaconda gains and strong rail and industrial issues. week’s bank clearings table shows broad gains across major cities.
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Commodity price snapshot with varied market quotes
Chicago cash and futures quotations cover wheat corn oats flour and provisions. Regional prices list pork lard ribs butter eggs cheese poultry and canned goods with Atlanta and Cincinnati market figures and assorted groceries. Refined totals show mixed 40 1 8 to 42 1 4 for grains and steady to firm signals for meats and dairy across multiple cities.
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Trade activity and outlook across the United States
Bradstreet reports an unusually active holiday period with overall retail softness due to mild weather. Outdoor industries and steel demand remain strong while manufacturing benefits from easy raw material movement. January may bring some strikes in printing and construction trades as 1905 closes with record activity and 1906 outlook optimistic. US and Canada failures numbers show weekly changes, while grain exports and production figures are noted for the period.
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Dun's Review reports mixed Christmas trade and ongoing industrial activity
R G Dun & Co says unseasonably mild weather dulled holiday distribution but Christmas trade strengthened optimism for the year. Building work rose with warm, snowless weather while heavy clothing demand lagged. Manufacturing output stayed large with spring orders heavy, rail earnings up, exports and imports rising, textiles steady, hides weak, footwear stock taking, and trade figures lower than last year in the United States and Canada.
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