Whether it is winter’s last fling remains to be seen, but there’s enough cold and snowy weather in the Northeast and Midwest early in the week to keep prices ranging from flat to as much as a quarter higher in the East Monday. The West, where Rockies-area high temperatures were rising into the 50s and even to around 60, was flat to mildly softer, but saw no losses greater than several cents.
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Price Declines Accelerate in Weekend Business
After a brief fling with index levels or higher at midweek, itwas back to sub-index territory Friday as the cash market, againcued by the futures screen in the absence of fundamentals, sawgeneral drops between a nickel and more than 15 cents. Mostdeclines were on either side of a dime. Despite the sizeableweekend pricing losses, nearly all points finished the week abouteven with the previous Friday’s numbers or slightly higher.
May 10, 1999
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