Market Closes Scrambled Amid Mixed Blue-Chip Gains
New York markets ended mixed with blue chips showing strength as 1 366 issues traded. The Dow rose 3.06 to 872.99 while industrials gained, utilities led by Consolidated Edison added support, and the Standard & Poor's 300 index edged up to 84.33. Volume reached 4.77 million shares as rails and most steel, motor, and building materials softened.
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Market report notes volatility in livestock and commodities
The report cites mixed strength in Bluegrass Market l electrical goods and oils, with livestock quotes showing steers and heifers trading amid profit taking. It mentions bond transactions, year end tax provisions, and a general market shift in New York led by several prominent issues affecting cattle, calves, hogs, and horses.
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