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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Nov 28, 1950
Page
10
The stock market slid on renewed Korea crisis concerns and selling pressure, led by railroad stocks with declines in other sectors including steels and copper. Rubber and aircrafts edged higher while overall volume remained heavy as investors buffered for a cautious rebound.
War developments boost Chicago grain prices with soy and corn futures rising in early trading. Market activity shows gains across grain contracts as investors weigh wartime supply expectations and market sentiment.
Cotton futures in New York showed gains up to about 4.60 per bale early, then pared most of the advance by close. Prices finished unchanged to 1.40 higher, with New Orleans spot markets showing tentative support amid production and export quota uncertainty.
Market notes indicate cattle steady to firm with bulls catching bids while hogs move slowly and calves show uneven activity. Prices hover around mid twenty dollar per hundredweight ranges for steers and mixed figures for hogs amid fluctuating demand.
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