Market Nudges Up on Cautious Trading Amid Nixon Plan
New York stocks closed modestly higher as traders paused to assess President Nixon’s economic package. Analysts cited fears of wage price controls and potential dividend limits, shifting demand toward bonds and preferred shares while many investors remained on the sidelines.
MENTIONED IN THIS ARTICLE
Nixon
Theneral
Robert Stoval
Reynolds & Co
Grain market activity amid mixed futures with soybeans strong
Chicago Board of Trade advances show mixed grains with soybeans leading gains as corn and oats hold. Prices drift on moisture readings and futures trading driven by early demand and carry from open contracts. Wheat futures stay relatively steady amid uncertain weather signals and world demand outlook.
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