Roundup of Week's Market Activities on Stocks and Bonds
A week of mixed stock action on the New York Exchange with the Dow dipping to 720.78 while the AP and S&P indices rose. Rail stocks gained on Kennedy’s labor move, steel issues rallied on a labor pact, and oil majors fell. bond prices drifted lower amid modest corporate gains and overall muted volume overshadowed by a tense market mood.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Cuba
Kennedy
Dow Jones
Associated Press
Chrysler
New York Central
U.S. Steel
Standard Oil
New Jersey
EEKLY
NY Stocks
Price Hold Seen As Hog Prices Drift Over Summer Boundaries
Hog prices edged lower to around $1.00 under expectations, following a prior week UPI decline. Chicago buyers saw mixed results with slaughter lambs down, steer prices steady to higher, and cattle and lamb markets all showing uneven demand into midweek trading.
MENTIONED IN THIS ARTICLE
Susan K. Pollock
United Press International
Chicago
Boston
Fawan
New York
U. S. Department of Agriculture
Livestock Markets Weekly Summary Chicago AP
USDA weekly hog cattle and sheep prices show hogs steady to 25 higher with various weight lists for barrows gilts sows. Cattle slaughters strong to 25 higher for steers and cows, with primes and high choices listed by weight and grade across multiple lots. Bulls remain 19.00 to 20.50.
MENTIONED IN THIS ARTICLE
Sioux City
St. Joseph
St. Louis
St. Paul
Chicago
USDA
Grains Decline on Widespread Pressure and Mixed News
The grain futures market weakened most days as profit taking and liquidation dragged prices on the Board of Trade. A Thursday rally followed reports of Cuban exile incursions and a bullish soybean crush May report, but Friday losses broadened. Soybeans fell over six cents, rye slid over three cents, and rainfall cooled bullish drought fears for corn and soybean yields this year.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Hondo Newsman Will Head TPA
W E Berger of the Hondo Anvil Herald was elected president of the Texas Press Assn succeeding George Baker. Offiers include Elmer Wright first vice president W B Crossley second vice president and R S Weddle secretary treasurer. Board members are Staley McBrayer Aubrey McAlister and Harold Hudson. Resolutions urge Bracero program safeguards Gov Connally education support and screwworm control. Next convention planned for McAllen with no date set.
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