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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Apr 11, 1964
Page
8
A moderate market advance accompanied the 15 day postponement of the railroad strike deadline. Rails outperformed with a cautious rebound, while the Dow Jones industrial average rose 0.40 to 821.75. Volume reached 501 million shares as motors, cigars, farm equipment, aerospace, chemicals, and retail shares advanced, with airlines retreating on profit taking.
New York reports a moderate market recovery with some bonds irregular and governments steady. Cotton futures fluctuate with short covering after a sharp decline, while the Associated Press index shows wholesale price gains and stock averages inching higher amid mixed earnings and bond activity.
Fragmentary wire service listing shows private quotations for securities from American Cryogenics to National Bank and various life insurers. The text hints at bid ideas and potential trading values, with scattered percentages and prices, but contains many garbled phrases and unclear items.
In New York the four day advance in the U S government bond market ended with declines of 1 32 to 4 32. Corporate issues were mixed on the stock exchange. Long maturities mostly fell, while a few Treasury issues rose, with Allied Chem and Consolidated Power among gainers.
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