Bears in Saddle and Stocks React to Market Slump
The Washington Post reports a sharp market reaction with steel and copper sectors showing weakness. Declines affected public utilities and related wires while traders eye shifts in buying pressure. New York and Washington reports indicate broad liquidations and cautious sentiment across industries.
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Pound Sterling Falls To 4 62 In London Market
The pound sterling closed at about £4 62 in London amid a difficult trading day. Reports note that earlier in the session transfers to New York faced higher rates but settled at lower levels as traders weighed the war era finance dynamics.
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Chicago Grain market climbs on early export demand
Chicago export corn par value lifts the market to new season highs before unsettled closes. May runs around 1.47 to 1.37 with other grains up and provisions slipping. bearish receipts and favorable weather temper gains, while a rumored large rye and barley release weighs on sentiment.
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