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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Apr 17, 1963
Page
5
UPI reports Dow Jones averages inch higher with slight gains in government bonds while stocks show uneven results. Trading across commodities and corporate issues reflects varied momentum with some sectors advancing and others retreating.
New York cotton futures closed unchanged to 90 cents per bale lower after early losses and a late fade. Traders awaited bids from dealers on government owned cotton to be exported later this year as the new competitive bid program supplements the payment in kind subsidy law.
Chicago reports show Javestock market supply exceeding demand with 7,500 head sold. Prices fell about 25 cents per hundredweight with mixed lots and heavier cattle easing. 190 to 235 and 1 to 2 grades sold up to 260 pounds at 75 to 1475. butter and eggs in Chicago wholesale trade down slightly with whites and mixed grades around 28 to 29 cents and marginal gains for butter.
NYSE list shows gains among automakers and technology names with Chrysler Ford and Kerr McGee among leaders. Treasury notes quote varied while wholesale commodity index edged up and cattle and hog markets shown in Fort Worth livestock report.
New York stock market paused after steels boosted prices. All U.S. Steel traded 5.62 million shares as leaders retreated. Chrysler fell 3 percent after a strong run, despite reporting higher quarterly earnings and a 2-for-1 split ratified. The S and P 500 edged up to 69.14.
A cryptic OCR item lists codes 91276 IT GRE WH R2322 and 10381 in a sequence. No clear event, person, or organization is identifiable from the fragment.
The document lists bid and asked figures from OTC facilities and other sources as a guide to security prices. It mentions entities such as National Bank Interstate Gas Natural Gas Cryogenics and National Life Insurance among listed securities and funds.
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