New York Bonds See Gains Amid Heavy Offerings
New York bonds advanced last week despite heavy supply totaling 400 million dollars the largest since June 1965. Treasuries fell to year’s low amidst tight money. long term governments gained slightly while municipals held firm. Corporate issues remained well received though some yields lagged estimates.
MENTIONED IN THIS ARTICLE
New York
Treasuries
Southwestern Bell Telephone
Treasury
Salomon Brothers
Hutzler
Grain futures surge hits Chicago trade chaos
Chicago AP reports a volatile grain futures week with the clearing house twice overwhelmed by record volume. Old crop soybeans jump 20 cents a bushel or more while corn futures peak at 72.4 million bushels traded in a day. Wheat and soybeans hit season highs as speculation retreats from shorts. Market delays occurred as exchanges processed a backlog, delaying openings by up to ninety minutes on consecutive days.
MENTIONED IN THIS ARTICLE
Chicago
Weekly financial market slips after brief strength rally
A nervous week on the New York Stock Exchange saw more declines than advances 738 to 670 among 1,505 issues, with the Dow Jones average edging up 2.90 to 897.16 and the Associated Press average down 1.2 to 320.9. Trading was moderately active, volume totaling 35,694,850 shares, yet sentiment turned sour on rumors from Washington about Viet Nam talks and a possible economic conference. Douglas Aircraft sagged, dragging aerospace and electronics groups, while American Telephone and Braniff rose. Wheat and corn futures also rose late in the period.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Associated Press
Dow Jones
Washington
Douglass
Douglas
Scat Corp
Teledyne
Continental Air Lines
Boeing
American Telephone
Braniff Air Wars
Sperry Rand
Douglas Airicraft
Bensuet
Sta
Eastern Air Lines
American i Motors
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New York Bonds
Chicago Grain
Gregory General Store
Jeve, Ya
Janville Hardware
Glidden
No. Union St
Sale Westinghouse Appliances
Adj
Therm
Adj. Therm
Televisions
Wytrade
Wise-Hundley Electric Company
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