Dow Jones closes mixed with futures index gains
Dow Jones closes at a range around 735.57 with a 173.48 point rise in the index. The Dow Jones commodity futures index, using the 1924-26 average of 100, finishes near 142.58.
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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Sep 07, 1963
Page
18
Dow Jones closes at a range around 735.57 with a 173.48 point rise in the index. The Dow Jones commodity futures index, using the 1924-26 average of 100, finishes near 142.58.
New York reports say stock prices are supported by a healthy economy. Dow Jones 30 companies show profits near $39-$40 per share annually, up from $31.91 in 1961. Tax cut hopes buoy markets while inflation fears rise with a new consumer price peak.
Madison city park department issues notices at three municipal courses mandating women wear at least a sleeveless blouse and Jamaicas not a halter or short shorts and men wear at least a short sleeve shirt and Bermuda shorts not sleeveless underwear or bare from the waist up as the warm spell ends.
Eight questions on travel entertainment and gift expenses are compiled in a pamphlet reprinted from Internal Revenue Bulletin No 0 dated July 29 1963 Document 5495. It is sold by the Superintendent of Documents for 5 cents a copy and distributed to business executives via two associations with extra copies available to nonmembers through the District Director of Internal Revenue Reno Nevada.
Bonn reports 30 West German firms have set up manufacturing subsidiaries in Ireland as part of a broader push by about 150 foreign companies since 1950. Liebherr leads with cranes and aviation components at Killarney, while Faber-Cassell and other firms expand. Ireland offers low costs and tax incentives, drawing Krapp Mannesmann Siemens and others to plan Irish operations.
Wall Street surged to new highs led by the Dow Jones industrial average closing around 737 95 as heavy buying boosted shares. Traders noted solid earnings and dividends underpinning gains with favorites like Chrysler Du Pont Eastman Kodak General Electric and U S Steel rising while Aluminum and Union Carbide slipped.
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