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...only serious tremor came on Oct. 15, when a trader sold roughly $140,000 of Bush contracts on Intrade for no obvious reason. Bush futures fell from 54¢ (giving him a 54% chance of winning) to 10¢. Within six minutes the price was back to 52??, as traders snapped up bargains. The tumult led to speculation that someone might have been manipulating the market to plant doubts about Bush. But John Murray, a futures trader in New York City and one of Intrade's 43,000 members, says political biases don't sway serious traders. Neither do national polls. Instead...
Last week U. S. Steel Corp. reported for the Green Bay quarter a net loss of $9,826,767. Chairman Myron Charles Taylor announced that operations had averaged 24% of capacity as against 52??% in the June quarter when Steel made, not lost...
...Dutch East Indies are the gainers. When cocoa rises 1½¢ per lb. from its year's low of 4¼¢, as it did last week, native growers all along Africa's west coast rejoice. The fact that tin is being held tight by a tight-fisted cartel at 52?? per lb. means steady employment in Bolivia, Siam, Nigeria, Dutch East Indies and the Malaya States. When silk rises from its Depression low to its price last week of $1.20 per lb., Japan can and does buy more scrap steel from the U. S. Sugar...
General Electric 168? 52?...
Woolworth 52?? 59?...