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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
May 10, 1966
Page
7
In a Y eighth grade current events class students seek plain procedures for buying stock. Sam Shulsky replies that minors cannot own stock in their own names and suggests parental custodians or broker arrangements, plus notes proxies, MIP plans, and ownership options with tax implications.
Investment trusts in New York discussed by UPL with notes from the National Association and Mut Wen 19, outlining group activity and market context.
Texas reports South Texas markets steady with short supplies and brisk movement as demand remains strong. East Texas sees slight weakness yet adequate demand and brisk movement with prices around 1650 to 1780 cents per pound. Chicago Produce notes live poultry roasters at 27.29 percent and White Rock fryers at 21 to 234, with butter prices steady and eggs barely steady.
A brief note on the Dow Theory suggests its reliability hinges on confirmation by other market averages, underscoring that the theory is not considered decisive without corroboration from multiple indices.
A Wall Street review notes Dow Theory's long run guidance on bull and bear trends, tracing its origin with Charles Dow and its use by traders amid recent heavy losses. The piece explains how market direction requires confirmation by both Dow Jones averages and highlights ongoing volatility across railroads, utilities, and major industries.
In Houston 1500 students at Northwood Junior High were screened for meningitis symptoms after a ninth grader Charles King was found in critical condition with a highly infectious form. Officials said King fell ill last weekend and prompted the examinations.
Washington AP Michigan Governor George Romney argues federal auto safety proposals would erase state contributions and shift control to Washington. Romney, ex-AMC president, says safety standards should be state enforced and urges shared federal effort with industry. United Auto Workers president Reuther supports federal standards, noting voluntary approaches have failed. Romney says Congress should empower states to enforce federal standards for new vehicles and equipment rather than create a new federal enforcement body.
In New York City the temperature fell to 30 degrees tying the 1947 record low. The Weather Bureau issued a freezing warning for outlying areas as the cold snap persisted through the night.
Dow Jones indices show gains across sectors at 2 p.m. with the industrials up 8.63 to 95.43, rails up 0.97, utilities up 0.55, and the overall stocks index advancing to 317.30 as volume reaches 6,990,000 shares.
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