Markets Rally as Dow Tests Interims Behind Summer Upswing
NEW YORK AP Markets rose amid a broad rally with stronger auto orders and steel prospects powering gains. The Dow Jones edged higher toward 875 while volume on the NYSE climbed as traders eyed resistance near 885 and 903, with AT&T and Sperry Rand among notable movers.
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Cotton futures end steady as USDA plantings signal tight supply
In New York the No 2 cotton futures closed unchanged to 5.75 per bale higher while No 1 slipped 50 cents. December moved 3.25 above prior close as traders weigh USDA data showing 9,724,000 acres planted versus last year. Analysts foresee smaller acreage and potential tighter supply for high quality cotton amid adverse weather in some regions.
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Decem
Fort Worth Livestock Prices Slump in Slow Trade
AP reports cattle and hogs mostly weaker at Fort Worth and Chicago markets. Slaughter hogs 6,500 head in slow sale. cattle volume 1,700 head with steady to higher bids for some classes. lambs and sheep prices steady. receipts and price ranges vary by class and weight.
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