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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Dec 01, 1962
Page
3
The market eased Friday in a minor correction with most losses fractional. Volume remained above year to date averages, and advances slightly outpaced declines as 563 stocks rose to 498. The Dow dipped from the 650 level, closing 649.30, down 3.31, with 4.57 million shares traded.
A roundup of weekly product introductions includes Lovely On moisture spray by Fumol Corp giving months of protection on fabrics and shoes. Shick Inc. unveils a battery powered electric shaver with 50 minutes of use per charge. Robert E. Ayres Co. offers a life like Brahma head for roping practice with a light socket. Market Forge Co. sells childrens seat belts with three page coloring book in box. S. A. Hirsh introduces home storage centers with nine fiberboard containers. Parker Bros. releases ping ball indoor paddle game. Addresses of the companies are listed.
New York November 30 industrials railroads and utilities show varied closes with the Dow Jones industrial average at 649.30 up 0.75, rail group up 0.86, and utilities up 0.73. Broad market trading totals include 9,000 transactions in industrials and 67,300 in utilities.
New York November 30 report shows S and P 500 indices with mixed results across sectors. Industrial, railroad, and utility group standings are listed with highs lows closes and net changes for the day.
AP reports analyst B K Thurlow of Winslow, Cohn Stetson compares the 1962 rebound to last spring's decline, noting similar patterns in buyer enthusiasm and selling pressure. He calls the advance a rally within a bear market and predicts a major top around 665 to 680 on the Dow.
Chicago AP reports a mild revival in speculative demand lifting the grain futures market to a mostly firm range on Friday. Wheat gains up to a cent, corn up 4 to 8 cents, oats 4 to 34 cents, rye up to 4 cents, soybeans unchanged to 2 cents higher as volume remains light.
Chicago AP reports a slow Friday demand for 8,000 butcher hogs with most offerings traded steady after earlier declines. Prices ranged 17 to 17.50 for 190-220 lb hogs, 16.50 to 17 for 1-3 grades, and 15.35 for 2s and 3s. highs reached 14.75. The week total 48,000 head, largest in two years, up 15,500 from Thanksgiving week.
Colonel Hugh North accompanies Madame Bo and Pilanung Pokh aboard the dilapidated Irrawaddy sternwheeler Froufrou for a Mandalay mission. General Nu frets over Madame Bo’s entourage and an intoxicated Gil Ackerson as the vessel fights a muddy river head wind toward danger and intrigue in Burma.
Bailey D. Campbell of Decatur received the U S Department of Agriculture superior performance award for sustained excellence in inspecting poultry and poultry products. Dr O M Dodgen presented the cash prize and certificate at the Farm Industries plant. Campbell is active in Central Methodist Church and Boy Scouts, married with three children.
City Clerk's office reports one building permit issued in November. Ralph E. Griffin received the permit to build an eight room house with two baths on Seminary Street at a cost of 9 000 dollars.
Listed stations WMSL Mutual 1400 WHOS AM 800 WHOS FM 102.1 MC 6 AM to 17 PM Sunrise to Sunset WAJF 1490 4 55 AM to Midnight WJIMW AM 730 Sunrise to Sunset WJOF FM 104 3 MC Sunset to 10 30 PM Tune to 640 or 1240 in case of enemy attack
David Har old Oliver retires after 49 years with The Associated Press Washington staff. He recalls light moments with eight presidents from Taft to Eisenhower, brief anecdotes, and the solemn death of FDR, plus memories of travels and coverage across decades.
Mr and Mrs Jack Sharp and children have returned home to Houston Texas after a visit here with relatives. A stamp titled The Black Honduras fetched 24500 dollars at a New York City auction last year.
Letters testamentary on the last will of S Nap Deceased were granted to Annie King executrix on November 16 1962 by Judge T C Almon Probate Court Morgan County. All persons with claims against the estate must present them within legally allowed time or be barred. November 24 1962 Annie King Executrix of the estate.
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