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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jun 30, 1962
Page
3
Wall Street shows renewed optimism after two days of gains amid debate over the rally's staying power. Analysts note sentiment shift from extreme pessimism, with some caution that the pace may not be sustainable and tied to technical factors rather than clear economic improvement.
In Chicago buyers reported hog prices steady to 25 cents lower per hundredweight on Friday. Mixed No 1 and 2 grades at 190-230 lbs sold mostly 18.75 to 19.35 with about 150 head at 19.50. 180-230 lb mixed 1-3 grades went 18.25-19 and heavier hogs at 17 and up. Some choice grade slaughter noted.
Washington June 29 AP says turkey producers rejected a proposed national marketing order by a wide margin in a referendum held June 18-22. Cattle markets showed steers at 1250 lbs averaging 25.85, good to mostly choice 22.50 to 25. Offerings of other grades were meager. Some good and choice heifers cleared at 22 to 24.50. No dealer or bull sales reported. Sheep markets steady with mixed good and choice spring slaughter lambs selling at 21-22.
A wartime style broadcast warns listeners to tune to 640 or 1240 AM in case of enemy attack. The message lists station identifiers WAJF WJIM WNOF and MC times from 4:55 AM to Midnight with sunrise to sunset and sunset to 10:30 PM intervals.
Washington AP reports the federal government will start a new fiscal year with a budget deficit of at least 4 billion dollars. For 1962 the deficit stands at 7 billion, the second largest peacetime deficit, with forecasts showing 1963 revenues about 88 billion and spending at 92.5 billion.
Earl Wilson recalls Hollywood stars and radio days in New York with Jim Backus, noting the difference between Hollywood glamour and early radio pace. He shares stories of the Bel-Air fire, flight plans, and memories of Fred Allen, plus Backus upcoming film and TV work and a busy summer in New York.
Profit cashing and liquidation for the weekend left the grain futures market mostly lower on Friday after earlier broad gains. July corn held support and closed about a cent higher while wheat fell, corn mixed, oats slipped, rye varied, and soybeans edged lower with July quotes provided.
New York stocks closed higher in the first half of 1962 ending Friday with a two session gain. The Dow rose 3.93 to 561.28 and the AP 60-stock average gained 1.90 to 209.50 as industrials rose 2.40, rails 0.70, utilities 1.30. Volume reached 4.72 million shares.
New York trading on Friday June 29 showed mixed results with notable movements in key indexes. Major averages fluctuated as investors weighed corporate earnings and economic signals amid a quiet session.
New York stock figures show mixed closes with Industrials down and utilities lower. Railroads and bonds listed with small changes, commodity futures and overall averages noted, with volume figures for today and prior session.
Standard & Poor's stock index table from New York on June 29 lists categories including 425 Industrials 25 Railroads and 300 Stocks with mixed changes. Notable figures include High L 58.11 27.92 53.42 55.47 and individual stock values such as 27.28 52.16 57.34 27.59 52.85 54.75, with changes shown as Plus .31 Plus .26 Plus .55 Plus .34.
Saratoga, N Y serves as the testing ground for top two year olds with seven juvenile stakes scheduled for the 1962 meet. The fall season showcases rising juveniles as trainers eye early speed and class for Kentucky prospects.
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