Farming Losses Reported In Heat Wave Damage
Heat wave across California caused extensive damage to fruit crops and vineyards. Preliminary damage estimates show up to 24 percent loss in central and northern grape regions, with thousands of tons of apricots boysenberries and peaches affected and overall fruit output strained.
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Volume Drops Signal Market Hesitation and Decline
Volume fell for a second straight week as the market slid with the Dow Jones and AP averages showing losses. The Associated Press average declined while overall trading volume remained the lightest in weeks, prompting questions about a possible summer rally.
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By Wally Falk