Market Wanes on Inflation,Nixon Scandal and Oil Fears
New York stocks, bonds, and commodities sag as Wall Street weighs inflation, Watergate disclosures, Mideast oil tensions, and a Fed rate rise. Dow Jones shed 25.19 points for the week, closing around 927.98 amid declines on Wednesday through Friday and a sharp rate hike to 6 percent.
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Deborah M
NEW York
Wallie
Federal Reserve
Robert Stovall
Reynolds Securities
Dow
Mideast
Lebanon
Nixon Administration
Wall Street
Charles Lewis
Winkler, Cantor & Pomboy
John Mitchell
Maurice Stans
Cotton futures rise as weekly range holds firm
Prices on the New York Cotton Exchange edged higher after a week of trading in a 465 point range. May delivery closed at 51.95 cents, July 1973 through May 1974 contracts hit new highs, with open interest rising and weekly volume around 1.2 million bales.
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New York Cotton Exchange
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