Gainers lead in mixed trading amid light volume
The market showed a quiet summer session with the Dow slipping 2.01 points to 312.50 as transports and utilities rose. NYSE composites edged up 0.19, with Revlon and IBM among movers while volume slid to 67.93 million shares, the lightest in six weeks.
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Companies shift focus as mergers sweep markets
New York AP notes a surge in corporate reshaping as firms buy each other, spin off units, and pursue new lines of business. Pan American and Trans World Airlines face control battles, while Panhandle Eastern and MidCon pursue asset sales and acquisitions to deter raiders and boost stock value.
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Trans World Airlines
Carl C. Icahn
Frank Lorenzo
Pan American World Airways
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Panhandle Eastern Corp
Anadarko Production Co
Panhandle
Andarko
MidCon Corp
United Energy Resources Inc
Chicago Mercantile futures bounce on open
Cattle and hog futures on the Chicago Mercantile Exchange escalate with high activity as prices move in early trading. Traders watch demand shifts and supply signals shaping the day’s settle.
Metals Prices in New York Nonferrous Market
AP reports Friday spot and futures prices for nonferrous metals in New York. Aluminum at 45.15 cents. Copper around 66 to 70 cents. Lead 19 cents. Zinc 41 to 47 cents. Tin 6.2987. Gold 337.90 per ounce. Silver 6.485 per ounce. Mercury and platinum prices also listed with quoted ranges.
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duPont
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Shewin
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LEY
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Gannett
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Celanse
Uy Oxford
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Idaho
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Proctg
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Ipatco
Wheat futures ease on Chicago Board of Trade trading
CHICAGO AP futures data show wheat contracts on the CBOT with Sep at around 2.87 after highs near 2.92. Dec and Mar pricing drifted lower, with May and July also sliding. Prev. day’s sales and open interest figures noted, indicating modest activity.
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Chicago Board of Trade
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