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Charleston Gazette in Charleston, West Virginia

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Newspaper

Charleston Gazette

Location

Charleston, West Virginia, United States of America

Date

Jun 29, 1963

Page

6

Trading Activity Declines and Stocks End Higher on NYSE

The New York Stock Exchange closed slightly up on Friday as trading activity fell sharply. Volume dropped to 3,000,000 shares from 4,546,000 the previous day, the slowest pace since June. The year's first half ended with light activity, while the American Stock Exchange also showed dwindling volume to 909,000 shares.

Jebn New York Times Co Ace York New York Stock Exchange American Stock Exchange

Market Summary Shows Mixed Hope After Declines

Trading on the big boards fell to 1,278 issues with 330 advances and 396 declines as the market opened higher after four days of drops. The Dow and industrial averages ended higher while the New York Times composite gained 0.52, and Standard Oil of New Jersey surged to a record high of 68 5/4 amid oil stock strength reflecting a cautious week.

NEW York Times American Stock Exchange Standard of New Jersey Amerada Shell Oil

Coal's Role In Economy Called Vital

JL Halton Green of Island Creek Coal Co told Civitan Club that coal has modernized to stay vital in the economy. He said 200 million tons will fuel two thirds of US steam electricity this year and coal remains a major export. Green urged expanding demand through Bituminous Coal Research and new transport methods like coal pipelines and unit trains to lower delivered costs.

Island Creek Coal Co Civitan Club JL Halton Green Usal Green

Market Rise Fueled by Tech and Auto Gains

New York bonds showed a high of 43 32, with Pure finishing at 43 percent as Gulf, Gelly, Indiana Standard and Richfield each touched 43. Texas Gulf Producing slipped. Aerojet General led with a 3 percent jump to 10 57, aided by upbeat six month production and earnings outlook of 1.55 versus 1.18. General Motors, Ford, and Chrysler posted mixed moves as investors weighed data control system news and company guidance.

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Wall Street Views on Market Support Ahead

Wall Street traders see potential support around the 6950 level for the Dow Jones industrial average, though most doubt a serious downturn. The market has followed a rough path this week after lingering in a narrow trading range for years.

New York Wall

Bond Markets End Mixed as June Closes Lightly Traded

New York AP reports bond markets finish June on a mixed note with most U.S. Government listings unchanged and very light trading. Utilities slide in NYSE corporate trading while industrials and rails mix. Volume at about 4.2 million dollars. Gainers include Allegheny and Western Railroad 4s, Beneficial Finance 5s, and Philadelphia Electric 5s. Losers feature Central of Georgia Railroad 4 43s Series B, Lorillard 3s of 1976, and West Penn Electric.

NEW York U.S New York Stock Exchange Allegheny and Western Railroad Beneficial Finance Philadelphia Electric Central of Georgia Railroad Lorillard West Penn Electric Sis

Markets at a Glance and Commodity Updates

New York stocks rise slowly as commodities show mixed to higher moves. In Chicago, hogs steady to higher with top bids at 18.75 while slaughter steers and cattle move within narrow gains. weather and weak holiday demand noted. Treasury cash position and debt totals listed, with gold at about 15.7 billion and 297.9 billion outstanding.

New York Commission House Chicago Iho Chicago Ariely James Sald Treasury Report Washington The Treasury

Mutual Funds Property Transfers in Pittsburgh Spark Markets

In Pittsburgh a sequence of property transfers tied to mutual funds arose amid earlier charges. The transactions involve AVL UINGU LuWwoLyatari and related entities, with filings indicating transfer actions and subsequent liability adjustments. Officials are reviewing the implications for investors and local markets.

Cuban refugee freed after bad checks for toys

Magda Cruz, a Cuban refugee, served five months of a one year sentence for writing twenty four thousand dollars in bad checks to buy Christmas toys for exile children. Judge Jack Falk released her on probation after noting she was a model prisoner who taught other inmates Spanish.

Miami Fla Magda Cruz Court of Crimes Jack Falk

Army honors Maj Ray W Berry for ROTC leadership at WV State

The Army awarded a certificate of achievement to Maj Ray W Berry assistant professor of military science at West Virginia State College for notable contributions to the college ROTC program. He has served on the staff since 1960 and has received a new assignment in Germany.

Army Maj Ray W. Berry West Virginia State College Maj. Berry Germany

Also Mentioned on This Page

Charleston Gazette N.Y. Stockh. W. Y. Bonds ‘ American Stocks Martin Gilbert van Alstyne, Toel & Co N.Y A. Liss Columbas Erie MoPac Pacgre Sears Roe JS Steel Wall Street Gilbert J C. Hooper W,ef. Mutton Ve Co Dow Thomson& McKinnon Union Carbide Corp Paul L. Alspaugh Union Carbide Chemicals Co James C. Malone Union Carbide Olefins Co Alspaugh Malone Quincy Carbide Carbide Chemicals E. E. Fogle Santa Witisuas West Virginia Gazette Mail USA Virginia St East Gazette-Mail Charleston Nelson Transfer and Storage CO
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