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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
May 11, 1966
Page
5
Partial OCR text shows a market page with sections on New York stocks bonds and commodities including cotton livestock and grains. Missing clear event details. summary focuses on market coverage and commodity listings evident in the fragment.
The stock market staged a vigorous rebound in New York with heavy volume of 9.03 million shares. The Dow rose 8.68 to 895.48 after a prior session loss, aided by traders who saw value amid an oversold condition and analysts noting no single news catalyst.
A chaotic display of mutual funds trust prices and stock listings shows varied values for Ardeen Growth Inv Mut and several other funds. Names like Houghton and Dreyfus appear amid scattered figures, reflecting a market update with bid and price notes across multiple groups.
The daily market roundup notes higher stock prices amid heavy trading in New York with gains in bonds and treasuries. It lists declines in wheat and a tendency toward late selling and liquidation, mentions notable issues like Hess and Polaroid, and provides brief price indices for staples and the wholesale goods index as context for the trading day.
New York cotton futures closed unchanged to 25 cents higher as traders await fresh incentives. Spot markets quiet. Government weekly weather report notes heavy rains flooding Texas Northern Blacklands Coastal Bend and Rio Grande Valley. planting progress varies across states with slow progress in Oklahoma Arkansas Tennessee and Louisiana.
Livestock markets show mixed prices with cattle and steers at Fort Worth and Chicago ranges. High choice slaughter steers reached 24.25 to 28.90 per 900 to 1350 pounds, while mixed grades sold lower. lambs and other cuts also moved, with weekly trends varying by grade and weight.
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