Oil Shares Rally Also Lifts Motors and Industrials
New York June 22 Oil shares rallied vigorously with broad market gains as easy money, trade improvements and higher commodity prices boosted activity. Volume reached about 1.5 million shares, with oils led by rising Rasodine and Smackover trends and reports of strong refining earnings. Motors strengthened, Maxwell Motors TB certificates rose sharply amid short covering. rails reversed on alien property custodian developments.
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New York Stocks Slide as Trading Closes Lower
The day’s trading for New York stocks ended with broad declines as key indices fell amid profit taking and market jitters. Major sectors showed mixed results while technology and industrials led losses and financials narrowly trimmed early losses.
Bond Closing Prices and Totals From New York Stock Exchange
New York June 1 closing prices and total sales reported for bonds on the New York Stock Exchange. The list enumerates each bond with its price and total sales for the day.
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Cooler spell proves good for business
New York reports the unprecedented hot spell ended, bringing relief to crops and trade. Mills resumed operations and agriculture benefited from cooler temperatures and rains in some sections. The June wheat report notes the smallest harvest in eight years, signaling caution in forward commitments despite ongoing irregularities and resilient trade points. Weekly bank clearings reach $8,127,188,000.
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Grain market tumbles then steadies in Chicago trading
Chicago prices show a sharp early drop in wheat with brief rallies later as trade dampened by selling pressure from eastern and western interests. Corn steadies with minor gains while oats and barley move unevenly amid unsettled mood and persistent liquidation across futures and cash markets. Minneapolis cash bids for No. 1 Northern spring and hard spring vary, with July and September futures trading around the 1.50 to 1.80 area and flax leading gains among grains on the day.
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Livestock market report from Chicago and Omaha auction markets
In Chicago and Omaha, cattle receipts and hog prices show mixed movement. Slaughter cattle steady to firm with good weight steers near 10.50 to 10.25, hogs 11.75 to 12.45, lambs active and steady, veal prices softening, and cattle feeders holding value amid varying demand.
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Chicago Market TATA Chicago Line Readout
Market notes show mixed figures with receipts and shipments across commodities. Wisconsin Minnesota activity appears. stock movements modest with several price hints. Poultry and fowl trade figures listed. overall market status unchanged amid small shifts in grain and oilseed lines.
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