Steel imports to fall this year after price increases
U.S. steel imports are expected to decline the rest of the year despite price hikes by domestic producers. Industry officials say the drop will be modest, aided by a labor contract deal and buyers deferring deliveries, with some firms noting high inventories and potential European price moves.
MENTIONED IN THIS ARTICLE
New York
U.S
United Steelworker of America
Kurt Orban
American Institute For
Orban
Kurt Orban Co., Inc
Victor Schick
Indussa Corp
NASD Interdealer Price Snapshot and Market Notes
Quotations from the NASD show interdealer prices as of 1 p.m. Tuesday with markets shifting through the day. Prices exclude retail markup and the list includes several insurers utilities and industrials as well as mortgage and petroleum firms among others.
Cotton futures slip as favorable crop news spurs liquidation
New York cotton futures fell 25 cents to 85 cents per bale on Tuesday amid favorable crop news and trading that shifted sentiment toward a higher 1968 crop estimate. Trade forecasts ranged from 10.7 to over 11.5 million bales while losses neared $1.00 before buying and short covering nudged prices higher at session end. The middling spot price stood around 30.48 cents.
MENTIONED IN THIS ARTICLE
New York
Delf Belmore
Eagle
Market report shows slow direct trade for slaughter cattle
Livestock prices steady to weak in Phoenix direct trade with tight supply. Kansas City cattle and calves show mixed moves with feeders and steers at 23.50 to 30.50 per hundredweight. Los Angeles reports higher slaughter cows and steady to higher demand. Chicago hog prices decline with receipts around 4,000, while spring lambs hold at around 26.00 per head.
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Phoenix
Kansas City
Caine
Mbs Choice
Pri Fren Ae
Uful Yan
Los Angeles
Livestock Market
Artesia
Chicago
Choice
Dod
Grain futures rise and fall on Chicago Board of Trade
Chicago grain trading shows a mixed session with wheat corn and oats futures largely down at times as selling pressure rose. Soymeal and soybeans firmed on labor unrest and plant shutdowns, while soybean oil drifted weaker amid the volatile backdrop.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Middle East
NYSE Slumps Amid Mixed Early Trading Data
Markets show uneven moves as investors digest scattered results and erratic price swings. A mix of gains and losses across sectors accompanies thin volumes and cautious trading in the absence of clear short term catalysts.
Peace in Vietnam Won’t Trigger Recession Says Magazine
New York AP report summarizes Exchange Magazine saying a Vietnam peace is unlikely to cause a recession. Economists expect persistent inflation and balance of payments deficits into the 1970s with only a possible mild slowdown after a treaty. Wharton study projects meager GNP growth first half, then a $15 billion quarterly rise.
MENTIONED IN THIS ARTICLE
New York
Vietnam
United States
Exchange Magazine
New York Stock Exchange
Wharton School of Finance
University of Pennsylvania
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