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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
May 11, 1965
Page
14
Fragmentary OCR notes indicate stock market reports from New York with references to past years and unclear details. Entities and specifics are unreadable, but the text centers on stock sales activity and yearly comparisons.
In quiet trading session mostly firmer bands and government bonds. American stockers and midweek activity show mixed moves with cotton futures irregular and grain prices fluctuating. Wheat and corn futures edged down while rye and oats shifted modestly.
Treasury data shows withdrawals and deposits in accounts through May 5 for the current fiscal year, contrasted with figures from the previous year. The report outlines overall cash flow, liquidity movements, and changes in balances across major accounts, signaling shifts in government financing and fiscal management.
In New York at a Columbia University symposium, experts debated atomic energy’s role beyond fossil fuels. Some expect a nuclear future with breeder reactors, while others urge a cautious pace. AEC projects say atomic power could supply half of U.S. electricity by 2000.
Dr. Samuel B. Gould former Antioch College president and ex chancellor of the University of California at Santa Barbara becomes president of the State University of New York. He will be inaugurated May 13 at Philharmonic Hall. Gould calls the post a major educational challenge and says identifying the university’s identity will unlock other administrative problems.
United States Steel Corp reports 1965 first quarter sales of 1.15 billion and profits of 73.8 million. The profit rate stands at 6.4 percent, up from 1964's 51.5 million. Chairman Roger Blough cautions no dividend increase is planned, citing need for investments to stay competitive.
Market listings show diverse metal and fund prices with varied bid and ask figures. Investors track industries including mining and financial funds as the session closes with fluctuating quotes.
The article outlines NYSE dividend terms and fraction indicators for street trading, noting multiple letters for different dividend scenarios and share fractions. It reports Swiss Monday trading at 5.6 million shares versus 5.82 million on Friday.
New York prices show Handy and Herman quoted silver at 129.2 cents a fine ounce on Monday, unchanged from Friday. The market notes constant value as investors await further metal demand signals.
Chicago Board of Trade closes mixed with soybeans steady to up slightly while wheat rises and corn slips. May liquidation and selling pressure in July corn weigh on the market as weather remains favorable for crops and export demand stays weak.
United Press International reports a mixed session with New Highs and New Lows on Monday. Stock activity shows advances and declines with totals around 5 million shares traded on the New York Stock Exchange and bond market activity noted.
In New York the Outerbridge Crossing linking Staten Island and New Jersey is named not for distance but for Fu genius Outerbridge. He served as the first chairman of the Port of New York Authority.
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