Markets -B Saturday, Aug. 24, 1963 Monroe Morning World
Market briefs for Saturday August 24 1963 in Monroe cover pricing trends and trading activity across local commodities and stocks with updates from regional exchanges and business desks.
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Aug 24, 1963
Page
16
Market briefs for Saturday August 24 1963 in Monroe cover pricing trends and trading activity across local commodities and stocks with updates from regional exchanges and business desks.
Fragmentary OCR shows a list of stock names and mixed figures from the American Stock Exchange including Merrill Lynch reference, H L Aerolet Gen, Ark La Gas, British Pet, Can So Pet, Fargo Oils, Midwestern Molybdenum, Pancst Pet, Radiation Syntex, Technicolor. Unable to confirm full entities or actions due to incomplete data.
The bid and asked prices for various securities are provided as an unofficial NASD guide not representing actual transactions. They indicate approximate ranges for sale or purchase at the time of compilation dated August 23, 1963 and include firms such as Scean Drilling, Southern Airways, Southwest Gas, Western Natural Gas, Bush Hog, and Transcontinental Gas among others.
AP reports Friday cotton futures closed unchanged to 20 cents higher as buying and short covering supported the market. The Census Bureau showed running-bale yield through Aug. 16 at 607,575 versus 705,084 a year earlier. In New Orleans spot cotton remained steady with middling around 92.75.
Louisiana cattle market shows 1,084 head sold with calves slaughtered at 24 to 25.50 for good to choice and 22 to 23.50 for standard. Stocker calves range 23.50 to 27 depending on weight. Hog receipts too few to quote. Broiler prices paid 14 to 15 cents, hens at farm 5.00 head 16 count, eggs grade A and better large 34 to 40 cents.
The market showed broad strength with the Dow Jones rising about 4.7 and a total volume near 4.88 million. Electronics led gains with Beckman, Emerson and RCA advancing, steels and aluminum firms moving higher, autos like GM at a record close, and several chemicals, oils, and tech names posting gains while some names such as Amerada and Texaco edged lower.
New York UPI reports the Dow Jones closing ranges with gains in industrials and rails while utilities slip. Top averages show 30 stocks at 723.14, 20 stocks at 175.81, and 15 utilities at 144.37, with a net rise across sectors and total stock transactions near 729,700.
Markets at a glance show New York stocks higher on heavy trading. Bonds mixed with small changes. cotton and corn steady to firmer. wheat up in distant months. oats firm with scattered demand. soybeans higher with nearby months strong. hogs top at 18.25. slaughter steers steady to 50 cents lower, top 25.50.
Idaho russets sell 4.75, Washington russets 4.75 to 5.00, Minnesota round reds 2.40, Wisconsin round reds 2.00 to 2.10. Prices collected from market notes and indicate regional variation in potato costs.
Washington Senate Commerce Committee backed a bill creating a seven man board to arbitrate the railroad dispute and bar temporary work rule changes that could trigger a nationwide strike next Wednesday. The measure is expected to pass the Senate on Monday.
Elizabeth New Jersey UPI report notes Econo Car International will add about 4000 vehicles to its rental and leasing fleets in 1964. The current fleet stands at 2800. The $9 million worth cars will be leased from Chrysler, as will replacements for the existing fleet.
New York stocks advanced with broad gains as Dow Jones Industrials rose to 723.15, a 1963 high, while utilities reached near an all time peak. Trading volume expanded to 4.88 million shares as rail and auto stocks led the rally amid news of arbitration bills and a Chicago labor settlement.
The Livestock market in Chicago shows the butcher hog price peaking at 18.25 per hundredweight for Friday, third straight day. Mixed No 1 and 2 grades 200 to 225 pounds sold 17.85 to 18.25, with higher tops, while 4,500 head today brings weekly total to 25,500, up from 25,000 last week. steer declines reached 50 cents, with many prime loads around 25.50 for lighter weights. Heifers mostly steady to 0.25 lower at 23.50 to 24.65 for choice to prime. bulls not reported.
New York AP reports closing prices and net changes for the fifteen most active stocks. Chrysler, Ford, Studebaker, Case, High Voltage Eng, U S Steel, Penn RR, Ge, Motors, Gillette, San Diego Imp, Pitt Steel, Sperry Rand, Gen Baking, West Union show varying gains and declines with percentage moves noted.
AP notes New York stock sales with approximate final total of 4,890,000 for Friday. Comparisons show the previous day 4,522,841 and weekly 4,157,170, with month 2,516,180 and year ago 2,893,750. Cumulative figures include two years ago 3,049,700 and year to date 701,850,228.1962 to date 129,292,709.1961 to date 696,722,205.
AP notes butter at 93 score AA 57 percent 92 A 57 percent 89 C 55 percent with 9 B 56 notations and cars 9 B 572. Eggs unchanged to 3 higher with grade A whites 37 mixed 36s mediums 28 1 2 standards 31 dirties 254 cheeks 25.
Washington Rep Otto Passman will close his office Wednesday as about 1,000,000 civil rights marchers descend on the capital. Sen Russell Long and Rep F Edward Hebert urge female workers to stay home, while Rep Joe D Waggoner Jr will run his office if staff prefers not to come. The mass march shuts in on downtown Washington from near the Capitol and DC police plan crowd control amid uncertainty over turnout.
Former Lafayette mayor Ashton Mouton a 47 year old oilman joined the McKeithen ticket as lieutenant governor candidate. The south Louisiana native with French descent and Roman Catholic faith balanced the slate with north Louisiana Protestant McKeithen. Mouton, Lafayette mayor since 1948 and 1960, previously served as state conservation commissioner from 1958 to 1961. He spoke at McKeithen's hotel campaign headquarters urging action to move Louisiana forward.
Active late trading lifted grain futures into a firm close with all commodities up except corn. Soybeans rose on short covering while wheat gained 7.5 cents and oats advanced about 2 cents. corn was flat. September prices noted for each commodity.
Louisiana Conservation Commissioner James Gill will hold a public hearing in New Orleans on October 4 to determine the oil allowable for November and December. He asked crude oil buyers to provide up to date, realistic nominations of their requirements for the two month period.
Twin Cities police logged a quiet day with drunkenness disturbing the peace and minor traffic offenses. Three Monroe drivers faced reckless driving after a minor crash, with listed names and addresses. A West Monroe fire loss caused damage to a residence on Mill Street. Six Troop F DUI arrests were reported across several parishes, with dates and hometowns for each individual.
A new Ouachita Parish Health Center at 2913 and 2915 De Siard St. will open Sunday at 2 p.m. The $468,000 facility houses the parish health unit, Monroe Regional Laboratory, Northern Regional office, and the crippled children’s section. Key figures include Dr W Summer, Rep Lawrence Gibbs, and Dr Andrew Hedmeg.
Ouachita Valley Council Negro Boy Scout leaders from the Keystone D Arbonne Kisatchie and Frankland Divisions will gather Sunday at Monroe Clark Elementary School for a Program Festival. The event begins at 2 30 p m and covers recruitment budgeting and program planning for the coming year with Divisional Field Scout Commissioner B D Robinson and division chairmen I B January CG C Lewis and H A Dillon assisting.
Subscription rates for mail and carrier delivery are listed, including daily Sunday options and world news combos. The piece then presents multiple Lost and Found notices for pets and items with contact numbers and locations, plus a note about free found ads for readers.
Automotive ad notes overdrives available for all Jeep models from Hatten Motors at 509 N. 2nd Monroe, phone 27-4436, and Twin City Pontiac at 1909 Louisville Ave. with FA 5-4652, authorized Pontiac-Tempest dealer.
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