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Lubbock Avalanche Journal in Lubbock, Texas

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Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Mar 20, 1962

Page

4

Stock Market Dips Amid Mixed Economic Signals

The Dow fell 2.39 to 720.38 as it irregularly declined on Monday. The Associated Press average slid 30 to 261.50 with industrials and rails down while utilities held steady. Trading reached 8,300 issues with 589 decliners and 439 advancers amid hopes for a spring rally.

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Dow Jones Averages Close Mixed In Trading Session

New York markets closed with the Dow Jones industrials near 720.38 after a choppy day. Rail and stock indices fell slightly while utilities rose modestly amid light volume and mixed futures activity.

New York UPI Dow-Jones

Cotton futures ease on gains in nearby markets

New York cotton futures closed modestly lower as near month contracts saw buying and short covering while some new crop positions slipped on closing bids. Spot activity centered in the Rio Grande Valley and Corpus Christi areas with rain delaying field work in the central and eastern belts. The Agriculture Department March 1 plantings estimate stood at 16,412,000 acres versus 16,587,000 a year earlier.

New York Rio Grande Valley Corpus Christi Tex Department of Agriculture Sonm

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