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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Apr 06, 1968
Page
7
The weekly report covers NYSE trading with Goodyear and many industrials showing varied gains and losses. It lists high lows closes for numerous stocks including GraceCo, South Ry, IBM, Ford, Gulf, and Texaco, reflecting broad activity across sectors.
Wheat and corn futures in Chicago fell sharply with the heaviest declines since last summer. All grain commodities including soybeans closed mostly lower for the week, while choice steer prices edged higher. May wheat down 5 to 5 percent. corn near 3 to 5 percent lower. oats mixed. soybean oil and meal also weaker.
The Associated Press reports a 60-stock index closing at 310.8 up from 302.7, marking its largest weekly gain since last July. Weekly volume hits a record as the Dow Jones industrial average rises to 865.81 from 840.67.
New York AP report notes King death and related disorders dampen the stock market. Dow falls 6.71 to 865.81, volume 12.58 million. 1,500 issues traded with 721 down and 562 up. Airlines rise, insurance fears and pre weekend caution weigh on equities.
Unofficial sales reports show annual disbursements based on the last quarterly or semi annual declaration. Footnotes label special or extra dividends and indicate stock or cash values, ex dividend status, and other distribution details across 1967 and 1968 indicators.
The week shows Dow Jones closing ranges with first highs and lows for industrials, rails, utilities, and bonds. Key figures include Indust around 865.81 last, Jails-220.70 to 224.10, and Bonds from 75.05 to 75.28 with varied first and second rails and utilities readings.
Cattle prices rose for high choice and prime cattle at Chicago markets while slaughter heifers stayed steady and sheep and hog prices held or fell. Cattle receipts totaled 20 000 this week, with 12 major markets reporting 141 500, against prior week and last year. Prime slaughter steers and high grade cattle sold in the 28.75 to 31.00 range, with heifers at 27.00 to 27.25.
Synalloy Corporation of Spartanburg S C has purchased all assets of Industrial Piping Supply Co of Charlotte in a deal near 6 million dollars. IPSCO's Charlotte plant and a Decatur unit under construction plus nine Southeast warehouses are included with offices in Bessemer and Pensacola. IPSCO's Decatur plant will employ about 20 people and produce stainless steel vessels. Darby says the acquisition brings capital and may allow a name change to Industrial Piping Supply Co as a Synalloy division.
New York City schools suffer window breakage from vandalism with $2 million in glass damage, prompting exploration of substitutes like acrylic plastic. A continuous casting process aims to cut acrylic costs and produce uniform sheets, potentially reducing breakage in high risk classrooms from 50 90 percent to under 5 percent.
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