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Lubbock Avalanche Journal in Lubbock, Texas

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Jul 25, 1962

Page

5

Market Update shows mixed gains amid commodity and energy chatter

A fragmented market snapshot indicates mixed moves across stocks and commodities. Notable quotes reference potatoes in Chicago and weathered demand signals, with several listed firms and financials showing varied performance and outlooks.

Cotton futures steady amid export sales talk

New York cotton futures closed unchanged to 60 cents higher as trade and commissions pushed gains to 1.05 bale briefly. Some buying stemmed from expectations that government export sales will not compete with the 1962 crop. In New Orleans, spot cotton remained unchanged to 60 cents higher with prices near 33.25 to 36.00 cents.

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Livestock market trends with varied gains and steady demand

The livestock market shows mixed results with weights over 249 lbs scarce and prices around 18.50 to 19 per cwt for heavier cattle, sows near 17.25, and veal and bulls near 20 to 28. Strong demand for steers and heifers with prime weights around 1 325 lbs fetching higher bids, while lambs and hogs reflect steady to rising tones and several lots selling between 16 and 25 dollars per cwt.

Worth Livestock Prices Mixed as Cattle Market Slows

AP reports a slow cattle market with about 5 000 head sold at the Fort Worth Livestock Exchange. Prices show varied ranges: steers 25.00, 24.50. cows 14.00–16.00. heifers 22.00–28.00. calves 23.50–30.00. stock cows 13.00–17.50. yearlings 14.00. ewes and other livestock noted with mixed bids.

Stocks Close At Low Ebb In Light Volume Trading

The market drifted lower in thin activity with the Dow Jones average dropping to 574.12 as Kennedy's tax cut timing fueled uncertainty. Gold shares fell on anti devaluation stance while machine tool orders weakened and depreciation rules failed to stimulate demand.

New York New York Stock Exchange Baltimore & Ohio Chicago Minneapolis & St. Paul Minnesota, St. Paul & Sault Ste. Marie Sion Wall Street Dow Jones Kennedy London Associated Press Treasury U. S

Incomplete OCR Text Summary Card

Fragmentary OCR lines describe over the counter bids and sources among facilities and names unclear. No coherent events, dates, or entities are identifiable to form a factual news card.

Rauscher

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