Grain, silver rally on USDA stocks report and gold news
Wheat corn and soybeans rose after USDA April 1 stocks showed lower than expected usage. Livestock futures stayed soft as beef and pork supplies outweigh demand. Silver jumped amid inflation data and gold market news, while traders note silver under gold. Daily cattle and hog slaughter stayed high as wholesale prices drift lower and retail spreads widen. Farmers receive about 86 cents a pound for beef while consumers pay 1.42. Inflation hits 10.8 percent per GNP price index.
MENTIONED IN THIS ARTICLE
USDA
NYSE closes asteks stock quotes mixed on gains and losses
Selected stocks on the New York Stock Exchange closed with a mix of gains and losses across industries. Prices show varied performance among major names including Amrail, CocaCola, Exxon, and Ford, with notable shifts in several high market cap firms and utility related issues.
Wall Street Chatter Signals Possible New Bull Market
Indicator Digest of Palisades Park reports faint signs from Wall Street suggesting a potential bullish turn. He notes that margin debt has declined sharply, a pattern comparable to recoveries after past bear markets and may signal a restart of a new uptrend.
MENTIONED IN THIS ARTICLE
Benneath
Indicator Digest, Inc
Palisades Park
N.J
Indian businessmen tour Salt River Valley on Rotary visit
A team of six businessmen from Calcutta arrived in the Valley for a week long tour sponsored by Rotary International. They will visit Arizona State University Tempe City Hall the Arizona Legislature and the governor's office and learn about Salt River Project Motorola Intel development. Richard R. Soderberg ASU professor and Rotary coordinator notes similarities between India and Arizona topography weather and industry.
MENTIONED IN THIS ARTICLE
India
Rotary International
Calcutta
Salt River Valley
Salt River Project
Motorola Int
Arizona State University
Tempe
Arizona
Richard R. Soderberg
Rotary Clubs
Soderberg
Moderate trading but stocks climb on Nixon exoneration hopes
On the New York Stock Exchange stocks closed higher in moderate trading led by the Dow up 6.02 to 833.70 after an aide signaled forthcoming Nixon information. S&P 500 rose 0.63 to 90.20 while volume neared 13.5 million shares. Franklin National Bank lifted its prime rate to 11 percent as other banks followed.
MENTIONED IN THIS ARTICLE
WEW York
UPI
New York Stock Exchange
Va AlcanAl
Am Airlines
Abrand
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AmCan
AmSmit
AmStad
AmStar
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Bath Ind
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Chasem
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Chris Craft
Chrysir
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Nabisco
NatAirl
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New York
Nixon
Standard & Poor
Franklin National Bank of New York
American Stock Exchange
Commodity closings wrap prices from Fred Schaffer report
Closing quotations show mixed gains and losses across metals grains cattle and livestock. Silver rises 50 cents while copper and corn edge higher. soybeans and eggs fall. live cattle and hogs slip. potatoes weaken as precious metals slip slightly.
MENTIONED IN THIS ARTICLE
Fred Schaffer
Bache & Co. Inc
Maine
Also Mentioned on This Page
Commodity
Bache & Co, Inc
U.S
Citicorp
Va Clevel
CocaCgl
Colgate
Col Gas
Va Cn
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Cox Bi
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Cyprus
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Firestone
FordMo
GAC Corp
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Gillette
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Wa Wit
Gt West UN
Svat Vo Grn Gia
Gryhd
Grumn
Gulf Oll WM
HW Guistu
Va Gulf&Ws
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Idaho
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Kresge
Kroger
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John D- Knox
New York Life Insurance Company
E. Camelback Rd
Joan Bennett
P.D
Phoenix
S. Hayden Road
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Keith L. Turley
Arizona Public
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U. S
Ag & Public Service
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Agury
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