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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 06, 1963
Page
6
Sam Shulsky explains that unbiased mutual fund data comes from fund prospectuses detailing history, management, policies, distributions, and redemption options. He urges readers to request full information by mail, stressing no rush to buy and the value of comparing funds before investing.
New York reports point toward a record profits outlook but earnings have been largely discounted by investors. Analysts warn that without a strong second half surge the market may lack a stimulus. Key issues cited include the persistent U.S. balance of payments deficit and labor featherbedding concerns.
The article notes firmer earnings across many sectors in the first half and second quarter, with steel, autos, chemicals, and paper showing gains. It cites First National City Bank’s quarterly review and says profits improved 16 to 17 percent in cement and manufacturing, while outlook depends on demand, costs, and potential tax cuts amid political gridlock.
Readers receive a prospectus overview from Sam Shulsky outlining fund options, including how to request a postal reply, and how distributions, asset values, and per share prices have evolved. The article lists fund brokers, sample securities, and common fund types with a focus on growth and balanced funds.
United Nations debate looms as Ghana Morocco and possibly the Philippines sponsor a general arms embargo against South Africa. The move aims to pressure Pretoria to abandon apartheid policies long debated by the Security Council.
Moderately active trading saw a continued market rally with prices near best levels. Gains were broad across steels, chemicals, utilities, rails, and aircraft makers, while General Motors and Chrysler advanced and bets on consolidation lingered in the background.
A newspaper ad offers a booklet titled Q and A covering common stock market terms and concepts. It presents questions about investing stocks exchange seats margins dividends and more. The offer invites readers to mail a coupon to receive the booklet at no charge or obligation.
AP reports Texas poultry markets steady with adequate supplies and brisk movement. Farm and broiler prices around 32 cents per pound with wholesale buying prices unchanged or up slightly. White Rock fryers priced at 42 to 43 cents. In Chicago, butter remains steady or unchanged with 93 score AA at 57.34 and 92 A at 57.34, eggs show irregular trends with varying whites and yolk grades.
Prices show October 32.97b, December 33.046, March 33.276, May 33.32b, July 37.90, October 30.51b, December 30.55b with bids active. Neon prices quoted on bid basis with to-be-determined values for September and December contracts.
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