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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Oct 17, 1963
Page
5
In a strong session, major averages rose with 44 stocks making new highs against 14 lows. The Dow Jones Industrial Average closed at 748.45, a new peak, as the NYSE and AMEX showed broad strength led by drug firms like Johnson & Johnson and Bristol Myers amid rising industrial output and positive earnings hopes.
The American Exchange saw Mead Johnson lead activity with 77,800 shares, closing up 1% at 23 1/4 as drug addiction concerns rose. Syntex traded 34,200 shares, up 53% to 181, while Livingston Oil gained 4% to 18 on 49,500. Lundy Electronics led with 22,800 shares, up 4% to 13 1/2. Dow Jones gained 109 points to 102.109.
Multiple property transfers listed across Jefferson Delbert York and others note transfers in Brook Haven Walnut Valley and Meadowview Terrace among many districts. The New York AP market summary reports mixed results with stocks higher steels and motors rally, bonds quiet, cotton soft, wheat mixed, beans weak, and Easter demand easing.
The Christus Tree Growers Assn of West Virginia will supply the national Christmas tree for President Kennedy’s ceremony in Washington. Dr. Walter L. Fix of Martinsburg will meet this week with a National Capital Park Planning Commission representative to finalize details. The project, led by Fix, has operated for five years and aligns with West Virginia’s centennial celebration.
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