Wall Street Hopes For Stabilization After Sharp Selloff
The New York market eased after a sharp drop last week with a partial rebound and weak trading. Investors await a potential across‑the‑board tax cut while leaders note little change in market fundamentals. Dow fell 9.44 to 601.61 and NYSE volume dropped sharply.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Kennedy
Congress
Treasury
Douglas Dillon
Associated Press
U.S
New York Stock Exchange
Flurries Fail To Lift Grain Futures On Bearish Week
Chicago AP reports scattered buying failed to reverse a persistent downtrend on the Board of Trade last week. Corn fell nearly 4 cents a bushel on July delivery with little demand from exporters and commercial buyers. Wheat closed about 4 to 7 8 cents lower, soybeans down roughly 1 10 cents, oats and rye also slipped amid modest activity.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Cattle Prices Turn To Steady Climb
Southern cattle and calf prices firmed this week after earlier declines, with hogs up 25 to 50 cents per hundredweight. Slaughter steers and heifers mostly steady to higher, cows and bulls steady to 50 cents higher, calves and vealers up to $1. Spring lambs in Nashville rose about $1, with Choice and prime 60 to 90 pound lambs at $23 to $23.25. Broiler prices eased 1 cent. Georgia Florida Alabama peanut belt hogs
MENTIONED IN THIS ARTICLE
Atlanta
Agricultural Marketing Service
Montgomery
Nashville
Southeast
North Carolina
Virginia
del- Mar-Va
Birmingham
Jackson
Jacksonville
Florida
Jeading
Louisville
Memphis
Georgia-Florida-Alabama
Georgia
Alabama
Maryland
Cotton Futures Give Ground in New York Week
New York cotton futures slid this week with nearby July delivery under pressure after early gains tied to spot price improvements. Trading dominated by switching operations as contracts fell five to fifty cents per bale, with the week ending mostly down and only one contract registering again.
MENTIONED IN THIS ARTICLE
New York
Market Figures Show Mixed Grain and Soybean Moves
Commodity quotes indicate soybeans slipping with July futures down about 2 percent while corn and other grains show modest gains or losses. Price points include July soybeans near 1.31 and 2.45 in cited terms, reflecting a choppy session across the agricultural market.
Cotton exports slip as weather weighs on market
Weather conditions in the cotton belt kept offerings light and demand muted. Weekly exports totaled 69,000 bales, down from 79,000 previous week and 75,000 a year ago, while seasonal overseas shipments through June 5 reached 4,075,000 bales versus 6,115,000 a year earlier. To hit 5 million bales for the season, exports must average about 115,000 bales from now to July 31.
White House wrestles with Black Monday crisis
Washington AP report shows President Kennedy and advisers debating emergency moves after Black Monday. Discussed options included tax cuts, lower margin requirements, and a public address, but officials ultimately favored no immediate panic actions while signaling tax reform plans for next year. The Vatican Swiss Guards are authorized at 100.
MENTIONED IN THIS ARTICLE
Kennedy
White House
William Chesney Martin
Federal Reserve Board
Martin
Kennnedy
Securities and Exchange Commission
Heller
Reserve Board
American Telephone & Telegraph Co
Dillon
Congress
Australian Arid Lakes With Notable Names
Lake Kittakittaooloo and its twin Lake Koolkootinnie lie in South Australia’s arid region. They rarely contain water and are chiefly recognized for their graceful indigenous names.
MENTIONED IN THIS ARTICLE
Lake Kittakittaooloo
Lake Koolkootinnie
South Australia
Also Mentioned on This Page
Livingston Plumbing CO
David Livingston
Washington
Walter W. Heller
The
Council of Economic Advisers
Secretary of the Treasury
Kennedy, Dillon, Heller
David E. Bell
Bell
Edward Gudeman
Manuel F. Cohen
SEC
Theodore Sorensen
Myer Feldman
Kermit Gordon
President
Vatican
Morningside Shopping Center
POR
Mous Arc Coop
IBM
Accrediting Commission For Business Schools
Washington, D. C
Decatur
Lexington Square
Tlunter Furniture Company
N.E
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