Complete Markets New York Stocks and Commodities
Financial brief noting New York market activity with closing prices in stocks bonds cotton livestock and grains. Market movers and indexes referenced without extended details or quotes.
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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Sep 08, 1961
Page
5
Financial brief noting New York market activity with closing prices in stocks bonds cotton livestock and grains. Market movers and indexes referenced without extended details or quotes.
New York stocks ended up with the Dow industrials rising 0.52 to 726.53 and the overall averages showing gains in the 30, 15, and 65 stock groups. Rail and utility subindexes mixed, with rails down 0.19 and utilities up 0.30 while the Dow Jones futures index stood at 148.12.
The page lists over the counter bid and depreciation details from wire services, with securities such as Amoco and Arm Equip,Armst Rub, Arnold Con, Atchison, Ash Gal, Assd Dry G, and many others. It notes that figures are guides to ranges and not actual transactions, with annual dividend rates and ex distribution dates.
A parsed note lists bond and security abbreviations such as ex dividend ex rights ex warrants with and without warrants when issued next day delivery and bankruptcy or reorganized status references to securities assumed by committees and receivership for distressed issuers.
Markets at a glance show mixed activity in New York with late selling in stocks and slightly higher bonds. Cotton and grains move with distant contracts firm on demand, while soybeans fall on liquidation. Hog prices drop to about 318.85 and cattle stay near steady with tops around 4 at the close.
New York cotton futures closed down about a quarter to a half a dollar amid position adjustments before Friday crop estimates. Private surveys show 1961 crop around 14.0 million bales, official August estimate near 13.92 million. distant months supported by loan program hopes. Spot New Orleans prices unchanged at 32.60 with 312 bales traded.
Chicago hog prices slid to near 18.50 to 18.65 for 210 240 lb mixed grades with selective No 1 top possibly 18.85. Slaughter cattle clearance remained slow though values steadied with bulls near 24.75 for the top weights. Fort Worth cattle and calves offered steady to firm ranges with feeds and lambs trading around 15.50 to 16.00 for spring lambs and ewes 4.00 to 5.25. Butter and egg markets in Chicago showed unchanged wholesale prices with standard and prime grades under mixed quotes.
A selling squall hit electronics and spread to other issues late Thursday, cutting short a stock market rally and leaving many losers. Volume rose to 3.9 million shares. Dow rose 0.52 to a new high of 726.53 while the AP average gained 0.30 to 256.40. DuPont up 3 percent, Commonwealth Edison up 15, Woolworth up 7. Zenith fell 8, Litton Industries down 6, Beckman Instruments down 6, Xerox down 3, Texas Instruments down.
U S Treas ury and corporate bonds gained modestly as NYSE corporate volume reached 6.42 million per value, up from 5.23 million. Among advancers were Northern Natural Gas 35s 90 Dayton? Macy Mes of 1982 88 Kimberley Clark 3 54s 92 Central Railroad of New Jersey 3% 38. Losers included Lehigh Valley Terminal 5s 57 Philadelphia Baltimore and Washington 5s 95 Reynolds Tobacco 3s 87 Northern State Power 2 3 76.
Mamadou Dia the premier of Senegal will travel to the Soviet Union toward the end of the month and again in early October. Senegalese sources said the visits are planned to discuss bilateral relations and regional issues with Soviet officials.
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