The possibility that European crops may have escaped serious damage from the Chernobyl nuclear disaster sent grain futures prices into a steep decline Thursday on the Chicago Board of Trade.
Despite reassurances from the government, futures traders showed again Thursday that they think the Agriculture Department's whole-herd dairy buy-out program is going to glut the market with red meat.
Eight percent fewer manufactured homes were shipped to permanent sites during the first three months this year than during the same quarter in 1984, according to the Manufactured Housing Institute.
The collapse in the price of tin in London sparked nervousness among metals traders Friday, pressuring copper futures prices and leading to nearly unchanged silver prices in trading on the New York Commodity Exchange.
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Housing units were completed at a seasonally adjusted annual rate of 1,688,000 in April, down 7% from a six-year high of 1,813,000 in March, the Commerce Department said today.
Wheat futures prices dropped sharply Wednesday as they fell through technical resistance levels, triggering additional computer-activated selling on the Chicago Board of Trade.
Cattle futures prices declined sharply Tuesday with some contacts plunging the limit for daily trading on the Chicago Mercantile Exchange.
Showers across much of the Midwest sent agricultural futures prices into a nosedive Monday, with many corn, soybean and oat contracts down the daily limit on the Chicago Board of Trade.
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Chrysler Corp., the nation's third-largest auto maker, said today it earned $428.7 million in the second quarter of 1987, down 12.2% from a year ago, when earnings were inflated by the sale of foreign holdings.
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