Stocks rally to two month high on cash inflows
The Dow jumps 10.63 to 657.42, the AP 60 averages rise 3.9 to 246.6 as NYSE quotes add about 4.5 billion in value. Brokers cite new cash and upbeat notes on autos, steel shipments, a promised tax cut, and record December store sales in a buoyant market.
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Wall Street closes higher amid varied bond moves
Dow Jones averages end up with Industrials and Rails leading gains while Utilities and Stocks post modest advances. Bond market shows mixed results with railroad and utility issues among notable movers and Treasury prices uneven.
Cotton futures slip as traders await Washington cotton bill
New York cotton futures closed 40 cents a bale lower to 15 cents higher amid slow trading and cross market activity. Commission houses were active on both sides as buyers awaited Washington developments on cotton legislation to lower raw costs for mills. Local spot cotton remained steady near 32.55 while market quotes showed mixed bids and unverifiable figures.
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Fort Worth Livestock Prices and Market Report
Livestock market activity mixed with steady to weak demand and a top price of 17.25 for butcher stock. Cattle demand light but steady. steer and heifer prices range with good to choice grades noted. Sows and sheep show steady to active trading. butter and eggs prices largely unchanged with slight declines in some white egg markets.
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Fort Worth
Holidays Cut Auto Output In Three Day Week
Detroit based Automotive Industries magazine reports an estimated 112193 new cars this week due to holidays. Chevrolet leads with 32700 vehicles, Ford 24250, Pontiac 9200, and American Motors 6500 in a shortened three day period.
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UPI
Automotive Industries
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Ford
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American Motors
Ritter Named Acting General Manager at wTV Division
Ling-Temco Vought announced Dave G. Ritter will serve as acting general manager of the wTV industrial division. The appointment was disclosed Thursday by the company.
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