31 Jul 1962
Page 1
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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jul 31, 1962
Page
1
The midyear 1962 edition of the Bache Selected List covers 574 stocks across 47 industries with buy hold and switch ratings. It emphasizes realistic prices and current earnings, shifting focus from growth stocks to higher earnings potential while offering quality ratings for different investor types. Copies are available from Bache representatives or by mail request.
Stocks rose on Monday on the New York Stock Exchange in a mostly sluggish session. The NYSE composite advanced to the day’s best levels, led by growth and specialty issues, with gains across Polaroid Xerox Litton and IBM while gold issues lagged. The Dow Jones averages posted modest gains and volume rose to about 3.2 million shares.
Moscow Radio reports Communist Lithuania is producing a silk fabric that admits the sun's ultraviolet rays, enabling the wearer to obtain a tan.
New York bonds weakened Monday with Treasury and corporate prices slipping. Most Treasuries dipped 1/32 to 4 32. NYSE volume for corporates reached 427 million. Notable moves included Atchison 4s 1995 down 2 at 87.5 and Beneficial Finance 4s up 2 at 103. Losers were Baltimore & Ohio 3s 1/8 down, Louisville & Nashville 3s down 1/8, Macy Credit 4 3s down 1/8, Consumers Power 2s down 1/8 at 84.
Weekend auction reports show cattle, calves and sheep with varied bids. Slaughter cattle cows bring 15.70, bulls 16 to 18.90. stockers and feeders steers 16 to 18.25. heifer calves 19.75 to 24.50. veal 25.50 to 28.50. shoats and pigs quoted 7 to 11.9. sheep 14 to 23.60. ewes 12.50 to 18.75. bucks 5 to 6.50. wethers 10.50 to 12.
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