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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Dec 03, 1963
Page
9
New York stocks opened modestly and faded as December optimism waned. The market saw a late pullback with buying interest slipping and overall turnover modest, while steel orders and construction contract awards showed gains in October amid mixed sector momentum.
Market activity showed mixed moves across sectors as Mator's and nonferrous metals edged higher while tobaccos declined after a U S Health Department report preview. The Associated Press average rose to 280 4 with industrials rails and utilities higher. the Dow Jones average gained 129 to 751 91. Volume reached 1336 issues with 635 up and 447 down. New highs totaled 39 and new lows 10, with brokers expecting a period of consolidation after the recent surge following President Kennedy's assassination as Xerox and IBM opened trading delayed by order crush and then jumped.
A Saturday livestock sale at Bluegrass Market in Lewisburg saw varied bids. Cattle priced from 90 to 1825, veal calves around 1022.50, steer calvers listed, and hogs and sheep noted. overall market activity described amid ambiguous figures and notes on assets and tax status.
Eighth grade homeroom at Dunbar School collected thirty dollars by soliciting dimes and nickels from students to aid the widow of the Dallas officer killed during the Kennedy era. The funds were sent by money order to Mrs. J. D. Tippit in Dallas as a tribute.
New York markets show higher activity with signs of cautious demand and lower selling pressure in some commodities. Chicago processes reflect steady to lower trading as bids open for state purchases in 1963, with multiple notices detailing sealed bid deadlines and required submission rules for WVUI Medical Center and other state items.
LUXEMBOURG AP The European Coal and Steel Community failed to back a proposed steel tariff rise. The six ministers Germany France Italy Netherlands Belgium Luxembourg gave the high authority a mandate to consult major producers including the United States Britain Japan Austria Norway Sweden and Spain and report back June 2. The high authority will urge producers to consider a tariff increase from 6 percent to 9 percent to align with Italy, which currently has the highest barrier.
Joy Manufacturing, Co. said profits for the year ending September 30 rose more than twofold from the prior year. Earnings totaled 3.60 per share, versus 1.75, while sales increased from 93.4 million to 96.9 million. The gain was attributed to staff reductions, stronger division management, and expense cuts.
AP dispatch notes USDA market rundown for Pittsburgh retailers. Egg offerings adequate except Remedium and Assmatt barely so. White eggs large and extra large common. brown and mixed varieties moderate. Produce supplies moderate with trading active. apples scarce with dull demand. packers report Delicious and Stayman varieties in stock.
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