Coming off two days marked by sizable price swings and robustvolume, buyers and sellers were almost evenly matched Tuesdaymaking for a rare sub-5-cent price range. The prompt month closedthe day down 1.3 cents to settle at $1.952.
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Prices Mostly Lower in Subdued Trade
Following a frenetic week of April trading featuring near20-cent price swings and unusually high volume in both futures andcash markets, Monday’s market exhibited a calmness that remindedtraders April is a shoulder month. But, regardless of the smalllosses and lack of excitement generated yesterday, prices are stillat their highest levels since the December bidweek and as much as80 cents above year ago levels.
April 7, 1998
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