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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Dec 30, 1967
Page
3
The Associated Press reports the Dow Jones 30 industrials index closing at 905.11 this week up from 887.37, marking the largest weekly gain since July 21. The average of 60 stocks also rose to 322.3 from 316.2.
The Saturn 5 rocket launched for its first test flight on November 9 to evaluate systems for the next Apollo mission carrying astronauts.
The New York Stock Exchange logged the second heaviest day in its history as 14.95 million shares changed hands marking a yearend rally. The Dow advanced 7.28 to 905.11 while the AP 60-stock average rose 2.2 to 322.3, and the S&P 500 climbed .58 to 96.47 with 822 advances and 532 declines.
Slaughter steers and wooled lambs closed higher while butcher hogs fell. Steers steady, high choice or prime steers 27.25 to 28.50, heifers up to 26.25. Hog receipts 27,000 with mixed grades 16.50 to 19.25. Four day sheep receipts 1,100. wooled lambs 23.50 to 24.00, prime 23.00 to 23.50.
Chicago Board of Trade activity this week was light as traders liquidated for tax purposes. Prices fell across soybeans and grains with March contracts showing losses. soybeans slipped to about 2.66 to 2.68 dollars per bushel amid broadly lower values in corn oats rye and soybeans.
Studebaker Worthington Inc. signs a seven year revolving credit agreement for 120 million dollars with a nationwide group of 22 banks led by First National City Bank and Chase Manhattan Bank as co agents. The new company formed Nov 27 by the merger of Worthington and Studebaker corporations. Frank J Nunlist, president of
A veterinary professor enables cows to be branded with chilled irons, leaving small white brands without skin damage. The Cryo branding uses liquid nitrogen or dry ice, freezing pigment cells so fur over the mark regrows white. Several manufacturers have licenses to produce the equipment. Other items note Atomic Energy Commission tape radiation tamper detection and Massa division geophone patents for airborne and naval uses.
New York AP reports closing averages showing gains in rails and utilities while industrials slip. Major indices rose modestly with notable gains in Public Utilities and Rails sectors amid overall mixed trading.
New York AP report lists S and P indices with figures for 425 Industrials 20 Railroads 55 Utilities and 500 Stocks. Values include 105.75 44.10 66.67 97.09 103.96 42.44 95.39 105.43 71.08 66.08 96.47 with UP indicated.
1st Lt. Thomas H. Burns Jr. commands the 6th Platoon, 30th Ordnance Co. in Korea. The unit sponsors an orphanage in Chun Chon caring for about 210 children from newborn to six years old, funding repairs and winter clothing and planning to finish his tour next January.
Daily Records reports several births including a daughter to Dwight Jett and wife in Stur General Hospital and daughters to Walter Fairbanks and James Phillips. It also notes a son for Larry McCoy and a son for Fletcher McKelvey, with locations Athens Decatur and Moulton. The item ends with news of a patent by Vincent Grocott and Martin Breit for an ignition switch ejecting the key.
Hawaii water draws tourists yet hurts tuna fishing says Harold E Crowther director of the Bureau of Commercial Fisheries. The fish can see the net he notes making the nets hard to use.
Crowther remains confident that advances in technology will allow Hawaii fishermen to detect and eventually catch the speedy tuna. The article notes optimism about future gains in sonar and tracking to locate tuna more efficiently near Hawaii.
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