Market Rises on Heavy Trade as Blue Chips Lead
New York stocks climb with strong volume as industrials gain and rails and utilities retreat. Dow Jones averages reach near 946 while blue chips outperform amid signs of stronger consumer buying and autos sales. AP average up 2 points on 60 stocks.
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Market at a Glance Averages Slide on Trading Day
Stock market activity shows modest gains with the Dow and rails higher while leaders like General Motors and other major names lift. The Associated Press index reports a mixed session as traders assess receipts and market breadth amid steady demand and liquidations.
Cotton futures ease amid slack demand and harvest losses
Cotton futures closed lower as weaker spot demand and a softer price trend amid expanding harvests weighed on sentiment. Short covering later supported prices after reports of a tropical disturbance in the Caribbean, with middling 11-16 inch spot at about 29.08 cents.
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