Wall Street Closes Bit Lower As Stocks Slip
The New York Stock Exchange saw more losses than gains with the Dow down 2.47 at noon to 911.15. Traders faced warnings of excessive speculation from advisory services and brokerages as sectors like steels motors and chemicals declined.
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New York Stock Exchange
Dow Jones Industrial
Downbeat Noon Stock List Amid Broad Downtrend
The Associated Press average of 60 stocks at noon slipped 0.3 to 342.1 as industrials fell 1.8 while rails rose 0.7 and utilities gained. Control Data dropped about five points after news of a planned acquisition by Xerox’s partner, Commercial Credit.
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Control Data
Georgia Cattle Auctions Market Report From Atlanta and Thomasville
Receipts at three Georgia markets totaled 1,300, up from 1,100 last week. Slaughter steers 93.00 to 125.80 per cwt with other classes listed including heifers cows calves and feeders. Hog receipts in Thomasville showed firm to higher prices with No 1-2 190-240 lb hogs at 18.75 to 19.50 per cwt and related weights. Atlanta fruit and vegetables mixed with fruit prices steady to higher on grapefruit oranges peaches and watermelons. Cotton futures opened with minor moves and egg prices posted daily ranges in Atlanta markets.
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Poultry Prices and Trade Update in Atlanta Markets
Demand for live broilers and fryers today in Atlanta markets. Prices at farms show heavy type 18 and light type 514 with light offerings and trading as adequate to short on hens.
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Atlanta
APJ
Economic Growth and Inflation Put to Test in Free Economy
AP Business Analyst John Cunniff discusses the tension between full employment and inflation. He notes low unemployment can coincide with rising prices, questions wage and price controls, and predicts possible deflationary measures to stabilize the dollar and protect employment.
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