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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 28, 1961
Page
8
Stocks end with slight gains while bonds weaken. Commodity futures show mixed signals with wheat and oats higher amid improved demand and liquidation pressures. Soybeans trade mixed and July futures show variability as markets digest daily activity.
In New York the bond market closed mixed as U S government and corporate issues showed varying demand. Dealers cited modest volume and a cautious tone as traders awaited economic data and policy guidance.
The Chicago hog market rose up to 25 cents with butcher types at 18.50 to 19.50, top 19.50 for select hogs. Cattle sold steady to 25 cents higher with slaughter steers to 24.75, prime steers at 24.00, and cows and bulls steady to higher as sheep and lambs also showed strong demand.
The article notes Save Supply Co. marks its 32nd anniversary with birthday themed price reductions and gifts with purchases. Consumers see a variety of deals including tile and bathroom bundles, with gifts tied to the sale, as Americans celebrate milestones through discounts.
New York markets closed mixed with the Dow Jones at 158, the DJIA up slightly, and the S&P 500 steady. Ford Foundation stock offering weighed on sentiment, turnover rose to 3.09 million shares, and New York Stock Exchange activity showed gains in some groups while motors, rails, utilities and oils lagged.
USDA notes moderate supplies and fair trading for Pittsburgh potato and produce markets. Pa and W Va supply data incomplete. potatoes 54 cars and market steady with light demand and higher replacement costs. Bankruptcy petitions list Edward Lee McIntosh of 208 Tennessee Ave with assets 136, Ronald Howard Bose of 1498 Washington St E with assets 700.
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