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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jul 15, 1960
Page
6
New York AP outlines blue chip stocks as conservative anchors admired by institutions and indexes, with growth and space age shares gaining glamour in slow markets. Examples include International Business Machines and Minnesota Mining. Growth stocks promise faster earnings but higher risk.
New York reports a summer TV lineup returning to routine after conventions. CBS NBC and ABC offer reruns and color specials with John Gunther High Road, Shadow of a Pale Horse, and a College Conference guest slate. Ed Sullivan features Xavier Cugat with other variety acts as schedules shift through the week.
Washington AP report says demand outlook for domestic crude oil in the second half of 1960 is brighter due to stock reductions. First half production averaged 7,042,000 barrels daily, 2.1 percent below 1959. Crude runs ran lower, aiding stock reduction. end-June stocks were 36.3 million barrels below 1969 levels.
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