Preakness

Futures Build on Last Week’s Late Strength

Much like Charismatic, winner of the Preakness and the KentuckyDerby,the futures market was off to the races Monday. Afteropening slightly more than a penny below Friday’s settlement price,the futures market spiked dramatically higher in the first hour oftrading as local buying pushed the market through last week’s$2.315 high. June continued higher yesterday afternoon, finishingup 5.5 cents to $2.343.

May 18, 1999