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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jun 22, 1962
Page
15
New York stocks and bonds tumbled to new lows as traders sold large caps and hard hit sectors. Industrials and rails declined while cotton and grains futures fell, signaling renewed market stress across equities and commodities.
The market report shows mixed Dow Jones activity with rails and bonds influencing close. Utilities and industrials moved in tandem as overall averages fluctuated, leaving the index largely unchanged.
Investment firms and funds including SSE REXSLONE Tass te WE te INEST Gur appear in a compact market note outlining index trends and sector activity. The report highlights cross holdings and potential shifts in asset allocations affecting portfolios and capital flows.
On Thursday, US Treasury bonds showed gains in over the counter quotes while corporate bonds softened. Volume on the corporate market reached $8.20 million par with 388 issues traded, and most advanced. Notable declines included Lehi Valley Coal and North Pacific amid broad sector weakness with several issues slipping to new lows.
Fragmented OCR text contains garbled names and phrases about seats and measurements, with no coherent event or identifiable entities to summarize.
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