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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jun 24, 1967
Page
3
The stock market edged up in active Friday trading for a small gain, the first advance since Monday. Brokers cited optimism over a Kosygin Johnson summit on world issues, but caution persisted as Wall Street awaited outcomes from the historic talks amid United Nations Middle East discussions.
Dow Jones closing averages show 641.40 with bonds at 80.29 down 0.23. higher grade rails fall 0.65 to 71.42 and second grade rails slip 0.18 to 81.10. Public utilities rise 0.09 to 82.26 and Industrials edge down 0.12 to 86.40. Commodity futures index gains 0.34 to 134.10.
The Dow Jones 30 industrials rose 1.68 to 877.37 while the Associated Press 60-stock average gained .5 to 326.2. Of 1,434 issues, 647 advanced and 534 declined with 91 new highs and 24 new lows. Volume fell to 9.13 million shares. American Telephone firm, iA. J. Industries active, up 1. Prices advance on the American Stock Exchange.
Prof Aharon Katchalsky and colleagues at the Weizmann Institute pursue a chemical engine that converts chemical energy directly to mechanical work within living systems. The work, funded by the U.S. Air Force, uses collagen fibers to demonstrate contraction under wetting, signaling potential future applications in communications and industrial control.
In a Weizmann Institute briefing, Katchalsky and colleagues describe mechanochemical devices using lithium bromide salts to produce continuous motion and potential uses in pumps and engines. They discuss membranes, transport mechanisms, and desalination work with Dead Sea bacteria and algae, highlighting future limits and applications.
Soybeans and most grain futures sank on the Board of Trade this week as weather and crop prospects drove prices to new seasonal lows for wheat corn and soybeans. By week’s end some rebounds appeared on mixed outlooks, with oats and rye higher and corn mixed.
U S hog prices fell 50 to 75 cents per hundredweight while slaughter steers rose 50 to 75 cents and lambs topped 2 dollars this week. Hog receipts reached 23 800 head as cattle receipts held at 24 500. average barrow and gilt price stood at 22.10, lowest in six weeks. Spring lambs declined 3 to 4 dollars in Chicago wholesale, driving bears in live trade.
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