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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jul 28, 1938
Page
11
Market notes show mixed cattle hogs and sheep trends across Baltimore Chicago and Philadelphia. Sheep and hog prices ease slightly while steers hold around steady with several weight classes noted. calves, dairy and sow figures vary by region and grade. Eggs and butter receipts and case counts are listed with stable price directions.
New York stocks rose about two points as gains gathered with General Motors and other earnings news spurring optimism. Trading remained sluggish with about 1,000,000 shares changing hands as the market pared losses from the prior session and trimmed top quotes in late morning.
Investors watched a broad list of industrials and utilities edge or fall with mixed signals. Names such as General Motors, U S Steel, Republic Steel, Union Pacific, Goodyear, and Penn Railroad appear alongside rail and chemical shares as traders weighed earnings, inflation data, and policy expectations.
Chicago and regional grain quotes show a late downtrend from earlier gains amid domestic new crop movement. Wheat and corn futures declined while cash grain prices held mixed for No. 2 red and No. 1 white oats and rye.
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