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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Mar 25, 1962
Page
12
Weekly market summary highlights broad activity in stocks bonds and commodities with emphasis on dividend payouts and cash value considerations. The report notes special or hidden dividends and describes how ex dividends and distributions affect pricing while referencing a bankruptcy or reorganization in progress and security holdings.
New York AP report notes mixed signals from price cuts and factory actions. Consumers show cautious optimism for durable goods while automakers ramp up output. Government data indicate housing starts and private investment shifting, with shipping and labor concerns adding to the uncertain outlook for 1962.
USDA report covers week hogs with barrows and gilts steady, sows mostly steady to 25 lower. cattle show prime steers steady to 25 higher, heifers weaker, vealers down about 1.00. Slaughter steers 31.50 for 1405 lb, large lots 29.25-31.00. heifers 28.25-27.50 for 1081-1025 lb. Sheep weaker with slaughter lambs down. Western wooled lambs 18.75 early week, natives 18.00-18.45, all quotes for various weight ranges and quality levels.
Chicago AP notes meager week in grain futures with wheat corn and rye under constant pressure while oats and soybeans stay firm on speculative demand. The key factor was a government report on farmer planting intentions, which split opinions about acreage. Corn acreage rose about 25 percent year over year, influencing sentiment toward bear and mild bullish views. Prices closed lower for May contracts, with wheat and corn futures down from the previous week.
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