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News Summary: Lumber prices up on storm damage

  • Article by: The Associated Press
  • Associated Press
  • October 31, 2012 - 4:34 PM

LUMBER JUMP: The price of lumber rose 3.2 percent as residents of the Northeast evaluated the devastation caused by the massive storm. Traders hoped that demand would pick up because of the need to repair or rebuild structures. The process could take months.

METALS SHINE: Platinum and palladium posted gains after General Motors said it sold about 70,000 more vehicles worldwide in the third quarter than it did a year ago. The two metals are used in automobile catalytic converters.

MIXED BAG: Prices rose for gold, copper, oil, wholesale gasoline, wheat, corn and soybeans. Heating oil fell.

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