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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Jul 24, 1963
Page
15
Dow Jones ends in a narrow range as investors weigh early gains against late session shifts in New York trading. Analysts note scattered turnover while industrials and rails show mixed moves and little overall direction.
United Press International reports stocks higher in moderate trading with bonds irregular. U.S. government bonds mixed in quiet trading. American and Midwest stocks show gains while London markets slip. Cotton figures mixed. In Chicago grains Wheat down 4 to 1 percent, Corn up 1 to 14 cents, Oats mixed, Rye up, Soybeans up to 314 cents.
Investors weigh the summer rally as momentum from January to May could extend a bull run, but a falter in the uptrend may risk reversal. The Alexander Hamilton Institute notes institutional investors wait for a clearer domestic picture, while James Dines points to contracting volume as a sign of waning buying interest. William White predicts continued caution until autumn results become clearer.
Nevada markets show gains as Bonanza Air Lines Lane Telephone andWestern Nevada Northern Gas Nevada Power Southwest Gas move on steady trade. Investors watch utility and transportation stocks amid regional growth signals.
Egypt marks the 11th anniversary of Nasser's coup with a submarine debut and missile reviews. Gen Ali Amer cites updated heavy equipment as Cairo cites Syria's Baathist crackdown while Nasser laments Arab unity crisis and hints at non-federation.
United Air Lines announces record second quarter earnings totaling 8.356 million dollars, 1.53 per share, with a 525 thousand dollar aircraft-sale gain. Six month earnings reach 3.022 million, 0.49 per share, aided by reduced costs and higher traffic under One-Class Service.
Clark County Nevada invites sealed bids from qualified contractors to furnish labor materials equipment and services for Warning System Augmentation per specifications and drawings. Bid deposit 2500 refundable. bids due September 4 at 1:00 AM. open and awarded by the Board of Commissioners. Also notices a parental rights termination petition for Shelley Lou Maretin with hearing August 23.
Nashville report on pretrial motions in the case against James R. Hoffa and 10 others alleging jury tampering in the 1 million conspiracy trial. Defense challenges include venue, separate trials, and transcripts. government motions and judge rulings already addressed.
In New York the Soviet Union quickly entered the UN Security Council debate on Africa’s call for discipline of Portugal and South Africa for colonial repression. Liberian Foreign Minister Grimes and Tunisian counterpart Slim spoke for Addis Ababa outlined positions as Madagascar Sierra Leone and others prepared to present.
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