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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Sep 28, 1963
Page
3
New York reports the Dow Jones closing figures with the industrials at 737.96, rails 170.65, and utilities 140.43. Trading activity includes Industrials 619,300 shares and rails 98,100. bonds up 0.67 and commodity futures index down 1.07.
The Standard and Poor's stock index shows mixed moves with gains and losses across components. The report notes a 1.03 point rise offset by a 0.38 decline and a 0.14 decrease tied to a 0.02 uptick, alongside a 62,200 share volume figure.
New products include a self threading seven inch tape reel by 3M eliminating end handling with metal flanges and dust protective sides. Toshiba portable eight transistor FM AM radio pocket sized with 90 volt battery and separate dials. several new motors, a portable contaminant tester, a spoof board game The Kennedys and a temporary tire repair spray named Spare Tire. Companies listed: 3M Fastline Transistor World Transco Johnson Motors Ronson Transco Consolidated Aerosol.
In the 1963 balance of securities activity a tally shows advances, declines, and unchanged issues with a total count of 1309. The brief item notes the market breadth for the period, reflecting shifts in trading dynamics.
Uncertainty over possible U.S. wheat sales to Russia spurred further selling on the Chicago Board of Trade. The downtrend extended Thursday's sharp decline, fueled by rumors circulating in export circles about Soviet purchases.
A timeline shows transitions from 4 55 A M to midnight then sunrise to sunset and finally sunset to 10 30 P M highlighting extended daily light. The sequence reflects a unique daily schedule spanning early morning to night.
New York stocks saw selling ease with volume dipping to 4.38 million shares the lightest in a month. The Dow rose 1.03 to 737.98 while the S and P 500 slipped 0.14 to 72.13 and the AP 60 average fell 0.3 to 277.8. Chrysler led activity, opening down and ending up 1 point at 82.5 on 293,000 shares amid reports 1963 auto output tops all of 1962.
Reports show selling pressure on corn and oats driving long liquidation and hedge selling. Soviets previously sought corn and oats with wheat. Wheat ends about 1 cent lower, corn 1 to 2 cents lower, oats 1 to 1 cent lower, rye 3 to 5 cents lower, soybeans 5 to 6 cents lower with near month quotes given.
CHICAGO AP Butcher hogs fell 25 cents and sows 25 to 50 cents in a moderately active trade Friday. About 75 percent of the 6 000 head supply moved. No. 1 and 2 grade 200-230 lb butchers sold 16.00 to 16.25, mixed 190-250 lb butchers 15.50 to 16.00, No. 1 and 3 grade 330-400 lb sows 13.75 to 14.25, and heavier sows 400-600 lb down to 13. Trading in cattle steady to 25 cents lower on slaughter steers 1400 lb.
Earl Wilson reports on Swen Swenson a Sioux Falls native turned actor dancer and singer who rose from poverty. The piece blends entertainment gossip with stock market style farm prices and a midcentury American celebrity mosaic from Baltimore to Lake Tahoe and New York.
The statement notes that there is one street car gas line bus or trolley coach for every 1 500 persons in the United States indicating historic transit ratios and urban mobility context.
Bud J. Lowery of Perdido was sentenced to 10 years after a circuit court jury found him guilty of first degree manslaughter in the strangling death of Martha Ann Smith five near her farm home in Perdido. He had pleaded innocence claiming he was not present on June 3.
Bia Pictures has nearly 15 million tied up with the Fondas in Fail Safe while Henry stars in The Victors with Peter in the cast, highlighting major studio investments in two distinct projects.
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