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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
May 01, 1963
Page
5
Wall Street advanced with the Dow Jones Industrial Average rising to 717.70, led by gains in rails and utilities amid broad activity. The broader market showed strength with the 635 Stocks index up 0.76, while bonds closed slightly lower. Over-the-counter stocks appeared mixed with many quotations carried by wire services.
A fragmented text listing bond instruments and figures shows varied issues, including estimates for warrants and par values. Notable items mention Uni Versity and Upjohn equities with percentage figures and a final day total around 4.7 million, indicating a broad bond and stock market snapshot.
New York AP report shows steady to lower cotton futures while grains and livestock show mixed movement. Wheat firm on short covering. soybeans liquidating. hogs steady to weak. cattle steady to 25 cents lower with top price on slaughter steers at 24.00.
The market shows uneven demand with mixed cattle and hog prices slipping. Slaughter steers and cows show lower bids while calves and new-season lambs draw varied interest. futures and regional quotes reflect a tight supply and cautious buyer sentiment across major sale regions.
After two sessions of mild decline the market rose Tuesday ending April with a substantial monthly gain. Dow Jones average up 2.59 to 717.70 as volume reached 4.71 million shares. News boosts included easing Caribbean tensions and Treasury Secretary Dillon forecasting a billion dollar revenue improvement supporting a tax cut.
A dense OCR of securities listings shows numerous funds and companies with values across many tickers. Mentions include Lifers such as Life Inv, Lazard, Atlas, and Lazard, alongside various trusts and brokers with fluctuating prices.
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