Summer Rally Now Awaited
The stock market faced an irregular and confusing week with a slight upside bias as investors rotated into select electronics, missile, and space age stocks. Of 1,475 issues, 726 advanced and 585 declined. the AP 60-stock average rose to 247.50, while the Dow fell 2.76 to 687.91. Bond prices climbed with government issues near three-year peaks.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Dow Jones
New York Stock Exchange
American Stock Exchange
Sapphire Petroleum
U.S
Cotton Trade Pace Is Slow
New York AP reports a slow week as active futures rose 10 cents per bale to down 40 cents from a week earlier. May 1961 delivery left the board after an 80 cent gain from last week, aided by short covering. Washington moves to shield the domestic cotton textile industry from foreign imports provided some support. The article notes slight gains in treasury and corporate markets with NYSE volume at 34.664 million on the week and daily average 6.933 million.
MENTIONED IN THIS ARTICLE
New York
Washington
Com
Treasury
New York Stock Exchange
Markets Cattle Steady as Fed Steers Hit 24.50
Market summary notes supply mostly fed cattle with fully steady prices. Load of choice steers weighing 950 to 1,000 pounds traded around 24.50 per hundredweight. Hog sales were limited, preventing price testing.
South Cattle Hogs Show Up Movements Across South
Southern producers saw generally lower prices for cattle and hogs this week while Deep South broiler prices rose from record lows. Cattle and calf values slid, hog prices mostly steady to lower, while spring lambs in Nashville rose in volume. Prices varied by region with egg and produce markets mixed and seasonable harvests noted.
MENTIONED IN THIS ARTICLE
Atlanta
Deep South
Agricultural Marketing Service
Louisville
Nashville
Georgia
Alabama
North Carolina
Mississippi
Virginia
Del-Mar-Va
Midwest
Memphis
Georgia-Florida-Alabama
Florida
Montgomery
Kentucky
U.S
Birmingham
Southern Maryland
Johnson pledges U S support to allies in Asia
Vice President Lyndon B. Johnson told a joint session of the Philippines Congress that the United States will not desert friends who stand against communism and will honor commitments to freedom. President Garcia praised Johnson's Southeast Asia tour as evidence of unwavering U S resolve.
MENTIONED IN THIS ARTICLE
Spencer Davis
Manila
Lyndon B. Johnson
America
Community of Free Nations
Philippines Congress
Carlos P. Garcia
Kennedy
Philippines
Johnson
Bobcat Sprung By Soda Pop In Hiland Ranch
Ted Neff, a Hiland rancher, confronted a large male bobcat on rangeland while on horseback. Unarmed except for two soda bottles, he fired once and missed. The second bottle struck the bobcat between the eyes, dazing it, allowing Neff to finish the job.
MENTIONED IN THIS ARTICLE
Hiland
Wyo
Ted Neff
Neff
Kennedy Aide Warns on Asia Commitments and War on Poverty
Johnson asserts US will not limit itself to fighting communism and will stand with Asians in a joint effort against poverty illiteracy and disease. He emphasizes ongoing cooperation with free world allies to preserve US position in Asia amid Communist testing of goodwill.
MENTIONED IN THIS ARTICLE
Philippines
Asia
United States
Congress
Kennedy
Johnson
Cotton registrations and exports for week ended May 5
Commodity Credit Corp reports 912 registrations totaling 393 039 bales for the week ending May 5, up from 170 registrations and 58 882 bales a year earlier. Exports in the week were about 132 000 bales versus 121 000 last week and 129 000 a year ago, with season shipments reaching 6 087 000 bales, up from 5 637 000 a year earlier.
MENTIONED IN THIS ARTICLE
Modity Credit Corp
Six Youths Win Science Fair at National Event
Kansas City AP report notes six high school students shared first place at the National Science Fair, with duplicates in biology and physical sciences. Finalists numbered 385 from 45 states and five countries, 264 boys and 121 girls. Awards included 16 top prizes plus several second to fourth places. military and medical groups also conferred honors.
MENTIONED IN THIS ARTICLE
Kansas City
Par Negls Biological Sciences
James Michael Hosford
Atlanta
Victoria Sue Richards
Terre Haute
Ind
Karen Orton Hodges
San Antonio
Tex
Richard G.brusch, Jr
Hammond
Mary Frances Anderson
San Diego
Callif
Joyce Lea Yucker
Albuquerque
N. M
Th Armed Services
Conscience Money Sends 25 Cent Toll Check to Conn State Police
Mrs Jerome Schlesinger of Port Chester New York sent a 25 cent toll payment by check after mis throwing a quarter into an automatic toll booth on the Connecticut Turnpike. She drove off to avoid the line of honking motorists. Police received the check later and pondered the unusual payment.
MENTIONED IN THIS ARTICLE
Conscience Money
Conn
Jerome Schlesinger
Port Chester
N. Y
Connecticut
Also Mentioned on This Page
Decatur Markets
Match
Style-Mart
Ahn
Pat Rch
Warren
Speake, Warren & Ratliff
LBJ
Bobcat
Ellinor
Dayton
Cation
Villas ST
Famous Beach
Ellinor Village
Dept
A-2
Daytona Beach
Hicks
Walter G. Blackwell
W. G
Massey College
OF Atlanta
IBM
Huntsville
Peachtree Street
Jackson
I.B.M
Massey Tech
Peschiees
Atlanta, Georgia
Neme
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