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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Long
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Safeway
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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