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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jan 11, 1963
Page
4
New York stocks and bonds moved higher amid profit taking and active trading. Chrysler hit a new 1962 63 high as short covering supported the advance while the Dow Jones averages showed gains across industrials and utilities and bonds edged up.
Broad round of market activity in New York features varied share moves across major industries with notable activity in utilities, defense and financials. Investors track price changes, volume, and index shifts as data from trading sessions mix gains and losses.
Government and corporate bonds gained in moderate trade with intermediate maturities leading the government list and rail issues dominating the corporate sector. Government prices rose 2.32 to 8.32 points, NYSE rail 5s including Boston & Maine 5s 67 up to 4344, Baltimore & Ohio 4s 1980 down 1 to 70. Union Gas 5s 1980 fell 1 to 105.
Fragmentary bond market notes show bid and asked prices in New York with rough maturity estimates. The report references trading activity around the Thuredau issue and nearby securities, noting price directions and market mood.
New York stocks rose with some motors strong while bonds advanced and cotton fell on commission house selling. Chicago wheat was mixed with old crop months firm, corn firm, oats barely mixed, and soybeans mainly higher led by January gains. Hog prices held steady to 25 cents lower with top at 17, slaughter steers near steady to 25, and wholesale price index for cotton futures unchanged to 60 cents lower as commissions weigh on the market amid looming cotton legislation and loan entries reported after Wednesday.
AP reports erratic cotton trading with spot prices in New Orleans and Galveston holding near unchanged levels while futures show mixed moves. Market quotes reveal shifts in highs and lows across several contracts as traders weigh seasonal demand and fiber values.
Over-Counter stocks following bid quotations are obtained from the facilities of Rauscher. Pie ba Tn.
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