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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 08, 1966
Page
5
Sam Shulsky warns readers that stock tips work best when timed. profits hinge on buying early and exiting before a price balloon collapses. He notes many tips target low priced stocks and risks rise when the market overvalues unsupported claims. He cites 40 years of market experience and predicts an eventual bear crack after a surge in tips.
The stock market staged a moderate recovery in active trading after yesterday's selloff. Dow Jones leaders like Zenith and Fairchild rebounded, while General Motors and Chrysler gained, and IBM and Polaroid rose more than two points. Brokers attributed the rise to bargain hunting with mixed sector moves and small gains in aviation and tech stocks.
Leslie Gould analyzes price-earnings ratios and dividend yields to guide stock decisions amid a market downturn. He cites Ford General Electric Xerox and GM among examples, noting wide P E ranges from banks to electronics, with yields from zero to several percent and warns that high earnings do not guarantee safety.
Washington AP report says U S wheat surpluses by midyear may slip below the essential reserve as foreign demand drives the expected decline. Official sources attribute the drop to growing international demand and government stock considerations.
Market reports show cattle, calves, hogs, and sheep demand across Kansas City and Fort Worth. Slaughter cattle remain weak with limited test price data, hogs modestly active, and sheep and goats trading around established ranges. Prices span cows utilities around 15 to 20 dollars and steers near mid twenties, with feeder calves and prime lambs showing varied gains and losses across regions.
Southwestern Bell Telephone Co honors 28 San Antonio area high schools top science and math seniors along with principals and teachers. 155 school representatives attend a Science Recognition Day at the St. Anthony Hotel featuring talks on current science topics and a lunch. John Williamson of Houston discusses the Laser with a live demonstration, while Kenneth G. Van Wynen of Bell Telephone Laboratories in New Jersey addresses the luncheon as principal speaker.
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