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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Aug 03, 1963
Page
5
Dow Jones report from New York notes Handy and Harman quoting silver at 128.8 cents a fine ounce, unchanged from the previous session.
Stocks closed near their best levels in moderate trading with the Dow up 2.29 and the S&P 500 up 0.20 as investors reacted to signs of improving employment retail sales and the return of tax legislation. Industrials were helped by steadier motor shares and gains in chemicals oils and electronics stocks including Eastman Kodak Du Pont Amerada Wilcox IBM Texas Instruments and Electronic Associates.
United Press International reports stocks higher in moderate trading with bonds irregular and U.S. government bonds steady. American and Midwest shares gain while London and cotton futures firm. Grains in Chicago show wheat up 4 to 7 cents, corn up 1 4 cents, oats up ¾ to ½ cent, rye steady to up small, soybeans up 2 to 4 cents.
NY closing stocks list shows mixed gains and losses across chemical, automotive, and energy names. Major movers include AT&T, Ford, General Motors, Texaco, and Phillips Petroleum with varied percentage changes amid broad market activity.
Reno investment banker George Wingfield Jr. is named Nevada chairman for the Business Committee for Tax Reduction in 1983. Ford and Saunders announce the temporary, non partisan group seeks a $10 billion tax cut and argues to avoid delaying a tax bill over controversy. The committee counts more than 1600 business members nationwide.
Five men face grand theft and conspiracy charges after a two week scheme bilked 125 car owners of about 250000. Evans and Gross allegedly devised the plan in prison and recruited Culwell, Elwell, Mathes, Hall, and others to run car lots and issue bank drafts to buyers.
The Timber Operators Council urged its 196 member firms in the Northwest to implement a 26 cent an hour wage rise over three years without union approval. About 10,000 workers would get a 12 cent retroactive raise to June 1 as unions IWA and LWS reportedly rejected the offer at a July 28 meeting. TOC notified union leaders by registered letters Friday night.
C L Dennis of the Railway Labor Executives Association told the Chautauqua Institution Assembly that railroads are hauling more freight in tonnage and dollars than before trucks and planes rose, despite a smaller share of total freight. He blamed slow tech advances and lack of aggressiveness for the reduced business and warned mergers like Penn Central could threaten eastern rail systems.
Yesterday’s 24 hour San Francisco forecast table prepared by the U S Weather Bureau shows temperature and precipitation data ending at 4 am. The report lists high and low temperatures and describes rainfall amounts for the period.
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