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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Jun 01, 1962
Page
12
The stock market surged at the open with a 3 to 1 buy advantage and broad gains. The Dow rose 9.40 to 613.36 while the AP average climbed 5.40 to 225.50 as volume neared a historic high and new highs battled with lows.
Market summary reports a weighted wholesale price index rise with figures from the Associated Press. It lists prior day week month and year comparisons, with several numerical values across commodities and averages. The text is fragmented but conveys overall price movement and historical benchmarks for the period.
New York AP reports stocks higher and near records with mixed bond results. Cotton futures rise on spot and commission data while wheat exports show mixed trade. cattle markets note lighter trade with steers steady to 50 cents higher.
Standard and Poor's 500 stocks show mixed trading with 425 industrials closing around 62,694.15 in value, railroads at 29.80, and utilities near 65.09. The data presents high, low, and close figures across sectors with notable price movements in heavy industry and rail transport.
A dense transcription lists various company names and stock figures with dates and prices, including Am Home Prod, Pac Cement, Jurgensen, Royal Cro Cota, Times Mirror, Union Pac, Univ Amer, Victor Equip, and Wells Gardner. The fragmentary OCR reads like a page of ticker entries with dates in June and partial price data, offering a glimpse of mid year market activity and company listings without coherent narrative.
New York AP reports closing U.S. Treasury bond and note prices in dollars and approximate yields for Thursday. The tables list bids and asks across varied maturities including 1962 through 1967 issues with yields ranging near 2.5 to 3.3 percent while noting some tax exemptions and partial tax status.
New York cotton futures closed unchanged to 45 cents higher amid firm buying from commission houses and spot traders while some liquidation occurred. Reports of helpful rain in parts of the Central and Eastern belts accompanied the USDA mid May parity at 39.38 cents per pound for middling 1 16 inch, slightly above last month. Butter prices in Chicago held steady with slight shifts among grades and delivery options.
Closing figures show stock and bond averages compiled by The Associate for 1961. The table lists daily, weekly, monthly and yearly averages with highs and lows, including rail and utility indices and year age comparisons.
New York markets showed modest gains with the Dow Jones Industrial Average near 620 to 625 as some industrials and utilities edged up. Trading activity highlighted an 1.38 million share tally in Industrials and 1.82 million in Stocks with bonds at 40 issues.
Market notes show mixed hog prices with No 1-3 180-225 lb barrows and gilts at 16.00-16.50, lighter weights around 15.60-15.75, and 240-270 lb at 15.50. Receipts fluctuate. Southeast buyers pay 16.25-16.75 for No 1-3 180-240 lb hogs, with some early trading at 16.25. Wheat No 2 red varies by kiln area near 1.99-2.00, No 2 yellow near 1.34-1.45, and corn No 2 white shelled around 1.60. Soybeans No 2 yellow around 2.42 with regional differences.
Harrisonburg area data indicate short to adequate supply for live poultry with steady to mixed prices. Slaughter estimates for Virginia processors total near 239 000 broilers and fryers and 49 000 rock Cornish, with light type offers from out of state and turkeys ample for fair demand.
In Baltimore, wholesale cow and slaughter steer demand mixed, loads of 990-145 lb steers at 25.50-25.85, 960-1065 lb steers at 24.65-25.00, 770 lb heifers at 25.00, cows and bulls largely steady with some higher quotes. Hogs show 450 barrows and gilts active and 25 cents higher, no sows, US 1-2 190-220 lb at 37.25-39.50, mixed lots around 17.9.
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