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Lubbock Avalanche Journal in Lubbock, Texas

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Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Apr 18, 1971

Page

11

Roundup of Week's Market Activities and Trends

A compact market roundup covers stocks bonds and commodities with cautious commentary. Investors face easier money conditions yet tougher customer demand as traders parse weekly data and policy cues.

Market rises to highest level since May 1959 on strong week

The Dow Jones Industrial Average reached its loftiest close since May 26, 1959 as gains for the week pushed indices higher. Volume on the New York Stock Exchange surged with notable activity in Pan American and Eastern Air Lines while Fannie Mae moved on high volume amid margin changes.

China New York Stock Exchange Standard = - Poor Associated Press of Stock American Stock Exchange Civil Aeronautics Board Pan American Eastern Air Lines T.S Omilhen Fannie Mae Federal Reserve Wimberis-Clark Uis HOVE Amrep Corp Grands Airways A Np Fs Junc Temco Vonushi

Weekly Cotton Prices Show Mixed Week In New York Market

Active cotton futures in New York faced selling pressure after early strength. No 2 contracts slipped while October 1971 to July 1972 deliveries hit new highs briefly. No 1 deliveries stayed unchanged for a fifth week as trading volume surged and open interest peaked since 1968. Brisk demand earlier came from unfavorable Texas planting conditions, but rains and weekend precipitation triggered profit taking.

New York Texas

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