Market Signals Warn Of Possible Broad Top Formation
Late market commentary from Winslow, Cohn & Stetson and James Dines & Co. suggests the market remains in a slow broadening top, with a narrow trading range and potential breakout within days. Dines favors tobacco stocks for long term promise, while Reynolds & Co. expects a significant breakout once range boundaries are breached. In intraday action, rail stocks faded after merger scrutiny, with the AP index down 1.3 and broad decline offset by IBM’s 4-point gain and Comsat trading surge on the initial offering.
MENTIONED IN THIS ARTICLE
New York
Winslow, Cohn & Stetson
James Dines
New York Central
Pennsylvania Railroad
Justice Department
Associated Press
Wall Street
Communications Satellite Corp
Eisenhower Brother Quits Job Seeks Illinois House Seat
Chicago AP Earl D. Eisenhower aged 66, older than his presidential brother at election, enters politics by running as one of 118 Republican at large candidates for the Illinois House. He says he is not eager to win, but believes the state needs help. His campaign ends his ten year post as a public relations consultant. The Suburban Life publisher cites company rule prohibiting active political engagement as the reason for his discharge.
MENTIONED IN THIS ARTICLE
Chicago
Earl D. Eisenhower
Eisenhower
Springfield
Illinois
House of Representatives
Jack Kubik
Suburban Life
Cotton futures steady with morning gains in New Orleans
Cotton futures were inactive with at 11 am prices showing gains of 10 cents to 1.25 dollars per bale. The day’s quotes include July at 82.07, October 29.17, December 28.98, March 29.05, May 28.92, and July 28.22.
MENTIONED IN THIS ARTICLE
New Orleans
Livestock prices in Chicago cattle hog market report
AP dispatch from USDA notes hogs at 5 500 head with steers and heifers slipping. Butchers steady to 25 lower with varied weights and sow prices. cattle and calves show declines, with high choice steers around 21.75 and most choice heifers near 20.00 to 20.25 per cwt.
MENTIONED IN THIS ARTICLE
Chicago
USDA
Gold flow and dollar strength lift hopes for world payments
New York AP reports gold flow back to the United States and a rising respect for the dollar in foreign money markets. Improved U.S. balance of payments, stabilizing gold pool actions, and IMF cooperation are cited as key factors behind easing deficits and shifting pressures toward Europe. International bankers view the reverse gold flow as evidence the pool is functioning, though Europe faces growing deficits amid inflation and currency instability.
MENTIONED IN THIS ARTICLE
New York
United States
Europe
International Gold Pool
U.S
America
U.S. Treasury
S Exchange Stabilization Fund
Federal Reserve System
Treasury
International Monetary Fund
Senate panel kills Radio and Television Board bill
Baton Rouge AP The Senate Judiciary Committee killed a bill that would have abolished the Radio and Television Technicians Board. The committee indefinitely postponed action on the measure introduced by Sen Olaf Fink of New Orleans. A similar bill remains in the House and is expected to be amended to seek passage.
Burglary and Theft Investigations by Monroe Police
The Monroe Police Department probes a burglary at Mitchell Grocery and Bar on Owl Street and two vending machine thefts at Shell Service Station and Phillips 66 Service Station, all occurring overnight. Detectives also investigate vandalism at Minute-Man Restaurant and arrest records include a 55-year-old Marion man charged with DUI and reckless driving.
MENTIONED IN THIS ARTICLE
Monroe
S. G. Martin
Janet Mitchell
Grammont St
Mitchell's
Owl St
Lee
Jackson Streets
Phillip 66
Forsythe Ave
Marion
Meredith A. Arrant
Franklin and
Breard Streets
Minute-Man
North 18Th St
Committee OKs 40-Hour Week For State Police
Baton Rouge AP report notes Senate Judiciary Committee approved a 40 hour work week plan for state troopers by a 5-2 vote. Opposition came from Senators Tessier and Eustis. supporters included Friedman, Barham, Broussard, Fink, and Rayburn. The panel also endorsed Gilbert measures to establish party primaries 30 days apart, with first primary on the first Saturday in November and second in December. A related general election bill awaits attorney general review.
MENTIONED IN THIS ARTICLE
New Iberia
Olaf Fink
New Orleans
B. B. Rayburn
Bogalusa
J. C
Sonny) Gilbert
Sicily Island
Gilbert
Johnson declines invitation to governors conference
President Johnson declines an invitation to address the governors conference in Cleveland next Tuesday due to presses of other business.
MENTIONED IN THIS ARTICLE
Washington
UPI
Johnson
Governors
Cleveland
Committee Rallies To Toll Free Move
Baton Rouge reports that a House committee voiced strong support for Gov. McKeithen's plan to remove tolls on the Mississippi River bridge at New Orleans. Rep. Risley Tribe proposed reviving tolls to shield rural road funds, but the panel took no action. Triche signaled an amendment to block toll removal elsewhere while not touching the New Orleans bridge.
MENTIONED IN THIS ARTICLE
Mississippi River
New Orleans
Risley Tribe
Assumption Parish
Triche
Jimmie H. Davis
House
Taylor O'Hearn
Morley Hudson
Wyandotte to Build Iso Cyanate Plant at Geismar
Wyandotte Chemicals Corp. says its iso cyanate plant will be built at Geismar Louisiana beside existing ethylene oxide glycol caustic soda and chlorine plants. President Robert B. Semple called it a major urethane raw materials expansion. Governor McKeithen welcomed the fourth Geismar expansion in seven and a half years.
Romanians Hope To Buy U.S. Goods
In Washington, Communist Romania aims to purchase large amounts of American industrial equipment, likely including two nuclear power plants, under a new US trade policy pledge.
MENTIONED IN THIS ARTICLE
Washington
Romania
Also Mentioned on This Page
By Jimmy Hatlo
Jie
Tare
Reynolds & Co
Reynolds
Woolworth
American Airlines
Polaroid
IBM
Xerox
American Stock Exchange
United Press International
Va Alum Ltd
T&t
Atchison Ad
Ma ‘Beth St
Boeing
Ye Champlin
Chrysler
el Paso
Ford
Gen Foods
Gulf Oil
Halliburt
Paper
Johns Man
Lorillard
Mont Ward
No Am
Penney
Ye Phillips P
Pittston
Procter G
Pure Oil
Rey Rob
Safeway
Schlumbrg
Sears RB
Shell Oil
Sinclair Skelly
Socony Mob
Ls Ltd
Sunray
Lke
Credit Plan
Commercial Credit Plan, Incorporated
Credit Life
North 3Rd Street
AP Business News
Bill
French L. Smith Sr
Monroe Utilities Commission
Gene R. Barker
Barker
Duval St
The
Utilities Commission
Commission
Smith
Ben Bradford
Baton Rouge
John McKeithen
John Schwegmann
Jefferson Parish
House Transportation and Highways Committee
Davis
Schwegmann
Geismar
Ree Steere
Yellowstone Distillery CO
Louisville-Owensboro
Ardware
H.P
North 5Th
Pine
Sporting Goods
Uachita N
Monroe ST
Monroe, LA
AL Depoaot
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