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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Oct 06, 1962
Page
3
The market rose for a second straight session amid cautious short covering and thin volume as investors watched a Yom Kippur weekend. The Dow climbed to 217.7, with gains in aerospace and chemicals and broader participation on the NYSE.
U S Government bonds declined for the first session in three weeks while corporate issues on the New York Stock Exchange edged higher. Treasury bonds fell about a point on average with some losses larger. Corporate volume reached 3 56 million with several names advancing and others retreating including B&O, Douglas Aircraft, Consolidated Edison, Boston & Maine, Caterpillar, and New York Power & Light. Pacific Telephone, Curtis Publishing, and New York Lackawanna and Western showed losses.
New York trading shows stocks higher in slow conditions with mixed bonds and uneven cotton. Chicago wheat and oats rise amid modest selling, soybeans mixed, hogs up about 50 cents, and slaughter steers up to 32.50 with gains near 50 cents.
UPI reports stock averages closed with the Industrials up 4.18, Rails up 0.40, Utilities up 0.77, and overall indices posting gains. Volume totaled 351,900 shares as traders watched shifts in nearby futures and hedging activity in cotton markets.
Fort Worth Livestock prices show overall strength with record weekly totals since July. Hog and cattle trading varied, with high choice steers around 29.50 to 31.50 and sows at 14.15 to 15.75. Ivory Coast cocoa purchases rise 43 percent year over year.
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