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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Jul 12, 1963
Page
5
UPI reports stock averages edging higher with slight net changes as volume shifts among rails utilities and industrials. The Dow Jones closing range sits around 174.8 to 139.4 with notable activity in futures and bond markets.
Goodbody & Co. expects both equity and money markets to handle a Fed discount rate rise, possibly under 3 percent, if any. Standard & Poor’s urges caution with near term stock outlook and reserves, while Clark, Dodge & Co. sees cigarette stocks as having strong appreciation potential despite ongoing publicity and risk of law changes.
New York reporters note minor movement in precious metal markets as the silver price hovered around 129.0 cents per fine ounce with little change from the prior session. Analysts expect cautious trading ahead of midweek data.
Commissioner Harold P Braman said Nevada savings and loan associations remain in sound condition amid growth challenges, noting reserves above required levels and good liquidity as of December 31 1962. He emphasized strong supervisory programs and continued demand for home financing in the state.
UPI reports a closing stocks list featuring many named companies across industries. Notable entries include Am Motors Ampex Coro Gent Goodyear Gulf Oil Gulf-and others with various percentages and values listed for market activity.
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