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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Mar 12, 1968
Page
26
Merrill Lynch warns ordinary investors against commodity futures speculation. The article outlines margins, capital needs, and risk, noting many amateurs lose money. It cites examples in cotton silver palladium and stresses the need for at least 10 000 dollars in risk capital and a cold investment temperament.
New York reports upbeat economic news fueling stock gains as glamor shares rise on Monday. Investors react to Basel central bankers' vow to defend gold at 35 per ounce, while analysts note bargain hunting after recent declines and ongoing selling pressure on luxury issues.
The Dow Jones average gains 7.80 to 843.05 while the rail index rises 9.45 to 218.59 as 1,465 issues cross the tape. Of 950 advancers and 315 decliners, 22 hit new highs and 20 new lows. Trading reaches 9.52 million shares, still below full session norms. Occidental Petroleum tops active list after a 3-for-1 split and ex-dividend jump.
The report outlines mixed trading in soybeans and corn with soybeans weak and meals and gales slower. Livestock futures show firmer demand for steers while insurance and investment listings mix with securities data. Prices across grains and energy reflect a cautious market with export buying and volatile cash quotes.
Ireland’s flag will fly over Los Angeles City Hall on Friday to mark St. Patrick’s Day. A flagraising ceremony at 11 30 a m will follow an Irish music and dance program featuring the Irish Pipers Band and champion accordionist Ice Campion in the City Council chambers.
The report notes heavy markets for poultry and eggs with price measures challenged. It mentions wholesale and consumer channels, varied weights, and mixed confidence in price stabilization efforts. Broad price signals reflect cautious optimism and ongoing dealer discussions.
Treasury report notes withdrawals and debt items with figures obscured by OCR errors. Mentions names Pwrs like Jodie Mw, references to accounts near 81a ae ais 6 and io 154,451,094 nd. Includes unspecified penton fleas and nudging toward nD totals and withdrawals.
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