Sudden Stock Selloff Puts Pressure On Market
Trading on the York stock exchange fell as rapid selling by buyers pushed many issues down. Transactions lagged on the tape as prices slid with the Dow and market breadth deteriorating.
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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Nov 01, 1950
Page
2
Trading on the York stock exchange fell as rapid selling by buyers pushed many issues down. Transactions lagged on the tape as prices slid with the Dow and market breadth deteriorating.
New York stocks fall late as markets show selling pressure. Bonds hold steady with select issues up. Cotton buys pick up while grain futures firm with wheat soybeans showing strength. Hogs and cattle steady to higher with top prices noted. hogs at 19.15, cattle to 33.50.
Stocker calves sold for 25 to 29 dollars with prices around 25. The San Antonio market showed calves averaging near 22.80 for medium offerings. Cows and canners sold mixed, with entries noting weak to steady trades and notable activity as buyers sought stocker stock. Chicago livestock reports mirrored the volatility with hogs steady to weak and cattle mixed across breeds and classes.
An unidentified man about 35 was killed in downtown Odessa when he attempted to jump onto a moving truck, slipped and was run over. He had no identification, and fingerprints were sent to the Department of Public Safety in Austin.
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