Copper Slump Again as Sugar Shares Weaken
In a broad market decline on Friday trading, copper and sugar stocks led losses while investors eyed a coming Congress session and potential new federal actions. The Copper slump followed heavy selling and reporting that amalgamated interests and sugar refiners contributed to the downturn, with analysts noting nervousness over policy and economic signals abroad.
MENTIONED IN THIS ARTICLE
Sugar Refining Co Uns Ind
Siemei Kit
Pram Ft Ae
New York Money Market Report Shows Rates and Notes
New York money on call ranges near four and a half percent with a Falley rate at four percent. Closing bids at four percent and related figures appear mixed with occasional shifts in prime mercantile paper and exchange. The note details irregularities in government bonds and a referenced merger discussed amid blurred lines of press disclosure.
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Copper merger chatter hits Amalgamated stocks in London and New York
Heavy selling pressure follows merger rumors centering on a copper combine involving Amalgamated, Cole-Ryan, and Gaggenheim forces. Copper futures fall over eight dollars a ton as sugar slips, Amalgamated stock declines sharply while Rock Island buckles, and other Hawley-linked shares show mixed responses amid talk of a potential rapprochement and cost savings.
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Washington Produce Market Report Summary
Oil City Pennsylvania November 2 credit balances show 43. Rune records 573,680 barrels with an average 152,722 barrels. Shipments total 400,489 barrels with an average 21th barrels. Teledo Ohio November 2 Nortt Lima priced 43. South Lima and Indians listed at 7.
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The Commodity Market and Cotton Decline in New York News
Market notes report fall in cotton prices amid liquidations and foreign crop concerns. Trading opened higher on strong cables but eased as supply worries and Liverpool shipments influenced sentiment.
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