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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

Oct 20, 1962

Page

4

Markets slide as volume surges in Friday trading

New York stocks ended a volatile session with a sharp setback as volume topped 4.6 million shares. The Dow fell to 572.29, led by broad declines while short covering limited losses before the weekend. Government bonds rose amid shifting rates expectations.

New York Dow Jones Dow Wall Street Federal Reserve Board FR Kappel American Telephone Associated Press

New York Stock List and Bond Market Update

New York AP reports on Friday trading where bond prices rose after the Fed cut member bank reserve requirements on time and savings deposits. Government issues hit 1962 highs while corporates barely gained. NYSE volume rose to 5.17 million dollars with notable gains in Hocking Valley Railroad 4s Inland Steel 3.2s and Pacific Gas & Electric 2s.

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Bonds Higher

Bond prices rise amid market optimism with yields edging lower as traders await policy signals. Investors shift to credit and equities, pushing demand for government notes and corporate debt across sectors.

Markets it Two years axe ae Ww

Unable to determine readable facts from the fragment. Summary constrained to salvageable details implies market activity and a two year horizon, but no clear entities or dates emerge. Further readable text needed for a coherent item.

Market forces near end of period show mixed trading

New York stocks fell sharply with heavy trading while roads and commodities moved unevenly. Cotton futures dropped amid extended losses by commission houses, consumer demand modestly higher near close, and UPI Dow Jones figures showed declines across indices with a steady bond picture and a near flat commodity index.

New York Chicago UPI Dow-Jones

Also Mentioned on This Page

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