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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jul 07, 1962
Page
10
The stock market ended a seven session upswing with a sharp Friday loss as profit taking and pre weekend caution pulled the Dow 7.70 points to 576.17. Broad weakness hit steels motors rails chemicals and more with IBM down five and Xerox three. Volume totaled 3.11 million shares and the AP average slipped 1.90 to 214.9.
Dow Jones averages mixed with industrials down 7.70 points and rails and utilities lower as overall stock index retreats. Bond futures edge lower while the commodity futures index closes at 145.25.
Markets on gain and loss across staples. In New York cotton shows irregular liquidation and buoyed trade while bonds display light activity. Stocks fall on profit taking as Chicago wheat rises and corn and soybeans rally late. Hogs fall about 20 cents with top near 19.25. Cattle slaughter steers hold steady to five cents higher with top around 20.00.
Fragmentary OCR notes describe cotton dyes and orders with references to bids and deliveries. The text is garbled with misread numbers and names, making several lines unreadable and hard to interpret.
Livestock prices show mixed movement with cattle and calves steady to higher. Hogs and sheep prices posted gains, with spring slaughter lambs and prime beef notes amid scarce feeders and limited sales.
Dividends declared by Fe Stk and Saxon Paper listed with record dates and rates. Chase Manhattan Bank and Franklin Street firms noted with stock terms. Regional notices reference North American Car and Chicago potato markets with shipment totals and supply demand signals.
The fragment notes private wire failures and sues over overcounts and questioned quotations. It references unspecified parties and legal action but lacks clear names or locations. Further readable details are needed to identify defendants or the exact court involved.
U S government and corporate bonds declined late Friday while NYSE activity rose to 5.99 million in value. Of 317 corporate issues traded, 86 rose, 145 fell, 86 were unchanged amid mixed gains and losses across sectors.
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