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Monroe News Star in Monroe, Louisiana

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Newspaper

Monroe News Star

Location

Monroe, Louisiana, United States of America

Date

Jun 12, 1964

Page

12

Sperry Rand shares drop on Radar departure to GE

Sperry Rand came under heavy selling as the market declined after a brief three day rebound. Large blocks moved 17 000, 15 000 and 10 900 shares as news that Dr Louis T Radar resigned as president of Sperrys Univae division to join General Electric spooked traders. The Associated Press average slipped 0 5 to 303 7 at noon with the Dow off 0 31 to 810 94.

New York Sperry Rand Sperry Louis T. Radar Univae General Electric Associated Press Dow Jones Polaroid IBM Sears Roebuck American Telephone American Stock Exchange U.S

Livestock Prices Across Chicago Market Examined

Hogs 6 500 head with butchers steady to 25 lower, various weights quoted. Cattle 5 000 head with slaughter steers up to 25 higher, prime loads cited. Sheep 200 head in markets, spring lambs 85-95 lb bringing 25.50. Grain futures dull, rainfall in soybean regions triggering light selling. Wheat 1.47n, corn 1.27, oats 0.66n, soybeans 2.52-2.44n.

Chicago USDA

Wall Street Chatter on Market Swing Signals

Kenneth Ward of Hayden Stone says technical analysis is fallible and wait for a clear picture before a definite sell endorsement. R E Buchsbaum of W E Hutton notes the reaction mirrors the advance with no material change expected. Leslie Pollack of Reynolds & Co. praises small advances after the retreat but will wait to see how the Dow Jones industrial average behaves at the 810 to 815 level.

New York UPI Kenneth Ward Hayden, Stone, Inc Ward R. E. Buchsbaum W.E. Hutton & Co Leslie M. Pollack Reynolds & Co

Market Report From French Market New Orleans

UPI reports at French Market in New Orleans that supplies of mustard and shallots are light, with other commodities liberal. Trading is fair to good. beans at harvest $3.50 per bushel, corn prices $2.25 to $2.50 per sack depending on type, cucumbers $11.25 per bushel, garlic priced per string with varying head counts and ages, and okra listed per twelve bushels sacks.

New Orleans UPI Mkt USDA

Lake Providence Water Request Faces City Study

Citizens urged Lake Providence to supply homes with water and join the city, but no action was taken. The board hired Ford Bacon Davis to study water and electric facilities, opened bids for a pickup truck with Mercer Howard the low bidder at 1632.83, kept the single rejected bid, and set city-use truck funding. A lease with Lion Oil Co for a temporary firehouse at 100 per month was approved, a new fire house is planned, Pearce Bailey was named to a seven year municipal planning commission term, and 500 was donated to Lovely Louisiana Tourist Association for brochure use.

Ford, Bacon & Davis of Monroe Mercer-Howard Lion Oil Co Pearce Bailey Lovely Louisiana Tourist Association

Long Amendment On Civil Rights Bill Accepted

The Senate adopted an amendment by Senator Russell Long of Louisiana to the civil rights bill. The change narrows title XI powers that withhold funds from programs with discrimination. It says the new authority does not apply to federal financial assistance via contracts.

Long Washington Sen Russell Long Louisiana Senate

Long comments on open housing and housing loans

Long argues that federally insured banks or savings institutions lending for home construction need not require non-discrimination in sale or rental. He says the amendment blocks a broader open housing law and preserves the idea that a man’s home is his castle.

Long

Also Mentioned on This Page

Wall Street United Press International Alum Ltd T&t Anaconda Boeing Champlin Chrysler Delta Paso Gulf Halliburt Johns Man Lorillard Mont Ward Penney Procter Tobhia Safeway Sears I Shell Sinclair Skelly Sunray Texaco Ti Td Gas Lake Providence Strozier’s OrChard West Monroe Fairfax County Via Veneto American Treasury Drexel Savings and Loan Association D! Scholls Universal Mortgage Co. Inc North 4Th St Dixie
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