Cotton futures rise on strong demand and shrinking stocks
New York August 17 AP futures gain as short crop outlook and rapid decline in government held stocks boost demand for contracts. CCC prices set hedging levels with early trades peaking near 3.70 a bale before profit taking trimmed gains. Net 1949 stocks in government loans stand at about 293 thousand bales with large unsold 1948 pools still thinning.
MENTIONED IN THIS ARTICLE
New York
CCC
Futur
Airlines
Atch Nee Por March Sas
de Vaco
Beth Teel
E Branitf
Oe Tee
Dryer Corp
Ont Motors
Urtiss Wright
Phillips Peteens
Meymouth
Ublic Steel
Io “Cot A
Sears Roebuck
Sinclair
Socon Vacuum
Bou ‘Acific I2le
US Steel
West Ungel
Woolworth FW
Avco
NY Central
Anad Pacific
Sunray
Stock Market Tops Five Week Rally As Rail Stocks Gain
The Associated Press average for 60 stocks rose to 78.5, marking a peak since June 23, with about 115 issues at 1950 highs and 732 advances among 1,155 issues. General Motors and Chrysler led blue chips as rails rebounded, while utilities lagged. Volume reached 2.17 million shares as a broad market advance occurred despite mixed war news.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Korea
General Motors
Chrysler
Bethlehem, Republic
Youngstown Sheet
Wheeling
Louisiana Land
Middle States Petroleum
Pancoastal Oil
Waltham Watch
Babcock & Wilcox
Barnum Steel
Canadian Marconi
Creole Petroleum
Electric Bond & Share
Ford Motor of Canada
Jefferson Lake
Cattle Supplies Low on Market in Texas and Midwest
Cattle and calves traded unevenly across cities including San Antonio Fort Worth and Chicago. Prices showed declines for some classes while others held steady or rose slightly as buyers and sellers adjusted to light supplies and regional demand.
MENTIONED IN THIS ARTICLE
San Antonio
Fort Worth
Port Worth
Chicago
Wheat Leads Grain Decline As Other Cereals Fall
Chicago and Kansas City grain markets show wheat bucking the trend with gains while corn oats rye and soybeans slip. Wheat rose on mill buying and flour bookings, while exports aided corn. lard and cottonseed oil weighed on other futures. Wool tops futures rose in New York trading.
MENTIONED IN THIS ARTICLE
New York
Chicago
Austria
Kota
Entana
Kansas City
Fort Worth
Tye Fort Con
Texas
Harie
Also Mentioned on This Page
Galveston
We Orteans
Nea Cotto New Aleans
Augie
Madi
New Orleans
Alveston
Ouston
Harleston
Oston
Memphis
Tenn
Aus
Basis Ag
Dow-Jones
Indust Rails
Cent & SF
Oo Penn RR
St. Louis SF
Stas Pees
Ex Corp
Western Union Ss
Aso
Curb Ark Na Gas A
Cities Service
Tata
el Bond & Sh
Humble
Lone Star Gas
Chicago Livestock
Elgin
Jewels
Lady’s
Man
Pete Jewelers
Austin
Congress
New York Wool
Minneapolis Flax
Minneapolis
East 19Th St
Cyrlee
Central Texas Appliance CO
LAMAR
Ata
Cord. AC
Platform Spring
HARDW
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