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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jan 14, 1966
Page
2
Market report shows declines across stocks and bonds with cottons and grains mixed. Commodities trading reflects cautious investor sentiment amid fluctuating prices and uncertain demand.
New York stocks rose despite a light four day trading session caused by transit strikes. Volume reached 8.87 million shares as the Dow and S&P 500 hit or approached record peaks. Traders eyed President Johnsons State of the Union speech while some covered earlier cautions.
New York AP reports Treasury bond prices fell while corporate bonds rose. Across 40 issues, 29 declined, five advanced, and the remainder held. Exchange activity showed 980 issues traded with 1 up, 92 down, and extensive names listed among market quotes and company references.
The Associated Press reports a weighted wholesale price index for commodities rising, with figures like 107.43 current and 17659 year ago, tying to 1925 average equal to 100. The market news notes stock averages and weekly movements amid a trends snapshot for stapled goods and financial indicators.
In New York trading, stronger demand supported nearby cotton months while early gains faded. Prices rose to top levels as investors shifted on limited supply signals and market chatter. The weekly figures showed higher gains in December and January contracts amid broader market volatility.
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