Consolidation Bolstered By Blue Chips
The week saw continued consolidation as blue chips led gains while the broader market faltered. The Dow rose to 729.40 amid heavyweights like American Telephone and U S Steel, but many issues declined. Volume on the NYSE reached 21.99 million shares with Unilever listings boosting activity.
MENTIONED IN THIS ARTICLE
Ed Morse
New York
American
Teléphone
Standard Oil
New Jersey
U.S. Steel
General Motors
Edward T. McCormick
American Stock Exchange
Securities & Exchange Commission
New York Stock Exchange
Dow Jones
Associated Press
Orders Rise Steel Auto Production Foreshadow Surge
AP reports steel and auto sectors powered by strong demand as 1962 looms. Steel output near 2,158,000 tons, with orders at fever pitch and inventories building amid potential UMW strike. Auto plant overtime, 164,000 cars produced, 11,887,000 forecast for Jan–Mar. Morgan Guaranty notes momentum, consumer spending rising, Christmas season strong.
MENTIONED IN THIS ARTICLE
Jack Lefler
New York (Ap
Steel
Iron Age
United Steelworkers Union
Morgan Guaranty Trust [Co
New York
National Retail Merchants Association
Federal Reserve Board
William McChesney Martin
Labor Department
Mmost Industries
Wall ‘Street
Edward T. McCormick
American Stock Exchange
McCormick
Bond Prices Falter for Third Straight Week
AP reports a third straight weekly retreat in U.S. government bond prices with the trend mirroring the prior two weeks. Treasury losses were modest on some days, while corporate bonds on the NYSE again fell, led by rails and top-grade issues. Volume totaled about $35.5 million, with higher rates anticipated.
MENTIONED IN THIS ARTICLE
Richard Hoenig
AP Business News
New York
U.S
New York Stock Exchange
Associated Press
Treasury Citié
Bhatto
Commodity Prices For The Week Reported In Brief
Week ending Friday saw hogs and wheat prices steady in steady market. Closing prices listed include hogs at 16.75, No 1 yellow 2.26 to 2.37, sows at 14.50, boats 9 to 10.
Grain Futures Trade Slows Across December Week
Chicago AP report shows grain futures moving irregularly after indecisive trading the week ending December 16. Activity slowed toward a holiday lull, with corn pits most active due to government selling of surplus stocks. soybeans, rye, and oats showed no sustained trend while export demand remained weak. Livestock data from Du Quoin noted a continuing strike limiting reports.
MENTIONED IN THIS ARTICLE
Chicago
Poland
U.S
Over Counter Stocks Guide From National Dealers
The bid and ask quotations from the National Assn, Securities Dealers Inc and other sources are not actual transactions. They serve as a guide showing the range within which these securities could have been sold at the time of compilation.
MENTIONED IN THIS ARTICLE
National’ Assn
Wf Securities Dealers, Inc
Ask
Dow Jones Averages for Week Ended December 16
Dow Jones closing figures show mixed results with weekly ranges for the industrials rails and utilities. Bond averages and weekly sales are listed, noting totals this week at 45.5 million and comparisons to prior weeks and years.
MENTIONED IN THIS ARTICLE
Ives
Dow-Jones
New. York
East Neth
Trust
Commodity credits totals shift in Oct 31 report
The Agriculture Department reports government owned farm products and loans under the Commodity Credit Corporation totaled 7.82387 billion as of Oct 31, compared with 9.12077 billion a year earlier. The Oct 31 total includes 1.82609 billion in loans and 5.49778 billion in farm products under price support operations. Government stocks total 1,159,529,406 bushels of wheat and 1,470,407,790 bushels of corn.
Farm Labor Declines in Illinois in November Survey
An Illinois farm labor survey shows the November labor force at 257000, down 0.6 percent from a year earlier and 3 percent below October 1961 estimates. The report, released Wednesday, reflects declines across farms in the state.
MENTIONED IN THIS ARTICLE
Springfield
Wlinois
Treasury Bond Prices and Yields Across Weeks
New York markets report weekly U S Government Treasury bond prices, highs and lows, closings, and net changes from prior week. Quotes include yields and series across multiple maturities with prices in dollars and thirty seconds.
MENTIONED IN THIS ARTICLE
New York
API
U.S
Treasury
Bas
Les BO
Weekly Sales Snapshot From Historic Market Figures
The weekly report lists New York stocks at 21,990,495 and bonds at 35,495,000, with American stocks 9,747,400 and bonds 1,832,000. Midwest stocks show 673,000 versus 731,000 a year ago, reflecting varied market momentum across sectors.
MENTIONED IN THIS ARTICLE
N. Y
N.Y
Midwest
Stocks Trade Amid Mixed Market Signals
In a cautious session investors shifted focus to issues traded in New York and abroad. Analysts noted fluctuating bonds and American stocks as bands of volatility persisted, with traders awaiting economic data to clarify the next directional move.
Crop Reports At Washington December Busy for Agriculture Dept
The Agriculture Department plans five crop reports in December amid busy work. Reports include semi final cotton citrus fruit milk eggs all major crops final year production forecast 1962 winter wheat hogs and spring pig crop, plus three grower referenda on crop control proposals.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Also Mentioned on This Page
Sam Eeasers
Bonds
Chicago Livestock
du Quoin
du Quoin. Packing - Co
Dave Baba
APY
Lisling Aid Ask Attitiated Fond
Canada Gen
Chase Fund A
CCC
Ewe Sale
Amer Life
Anhenuser Busch
Ewe
Farmers of Yeyee Eng
Itek
America
Jostens
Liberty
ATS PotashCo
Amer
Sams, H. W. & Ce
U. S. Securities
Treasury Bonds
Atany
Welty
Gen. Tél
Gen Motors
Alfied- Cham
San’ Diego
Sperry
Ta ‘Burroughs
Sma Alumin' Ltd
Brunswick
Westingh EL
I. M. Simon & CO
New York, Ameriese
Midwest Stock Exchanges
Charles J. Lerner Wallace F. Springer
West Main
Carbondale
Leon J. Rissi
Illinois