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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jul 28, 1961
Page
5
New York markets closed with gains as the Dow Jones industrial average rose about 1.08 points, rails up 1.08, utilities up 0.37, and overall stocks up 2.14. Trading totals showed 389,500 industrials, 47,200 rails, and 47,200 utilities. Complete markets coverage included bonds, cotton, livestock, and grains.
New York AP reports the Dow gained 8.61 to 702.80 as volume rose to 4.17 million shares. Broad advance led by DuPont and American Telephone, with gains across steels oils motors utilities rails chemicals and aircraft. Chrysler climbed on news of leadership changes amid slower earnings.
Chicago reports steady to higher under light trading as governments and buyers push cotton prices up to 90 cents, while futures in New York close ten cents lower at 16.25 cents. Commission houses led demand on cloth, but no strong follow through appeared.
The report blends livestock prices with financial market chatter. It cites cattle and lamb quotes, wholesale figures, and treasury notes in New York, referencing various buyers, weights, and prices amid a broad, fragmented ledger of trades and rates.
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