Complete Roundup Of Week's Market Activities
Week markets close with gains in stocks as traders digest corporate earnings. Bonds rally amid Fed policy signals while commodities show mixed results lifting energy and metal prices. Investors focus on inflation data and global demand trends.
End of Week Market Rally Despite Skepticism
The week closed with a broad market rally after early losses as Dow Jones rose about 10.9 points for the week and the NYSE composite gained, while Amex slid slightly. Analysts cited rate expectations and hoped earnings as drivers, with Northwest Airlines among top weekly movers.
Weekly Cotton Prices Rise on New York Futures
Prices of the entire cotton futures market edged upward last week as buying surged. The New York Cotton Exchange reported a 20 point rise for No. 2 cotton on the front month with strong short covering in the spot market and new crop deliveries showing firmness despite limited impact from the official planted acres report.
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B. F Hutton
New York
New Yo. Coton Exchange
C Ton
L. Er
New York Cat Exchange
Palm liquor ban on Hamilton Bermuda drinkers
Bermuda authorities once banned liquor made from Bermuda tree sap after reports it caused intoxication. A former island governor promised stiff penalties for anyone caught drinking it, highlighting the governmental crackdown.
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