Stocks Post Thin Gain After Week of Turbulence
The stock market opened with confidence then cooled as concerns grew over steel demand and rates. The Dow rose to 700.90, AP average gained to 350.90, volume surged to 19.72 million shares as auto sales and investment forecasts supported a cautious advance.
MENTIONED IN THIS ARTICLE
ED Morse
AP Business News
NEW York (Ap
Est
Viena
Kennedy
Societ
Nikita Khrushchev
Fred
Bethlehem
Dow Jones
Dow
Associated Press
Economic Recovery GNP May Hit Record in June Quarter
The week saw continued economic rebound with GNP possibly reaching an annual rate near $510 billion for the quarter ending June 30. Heller and other economists note rising orders, production, and employment, while inflation worries surface and wage discussions loom as labor talks proceed.
MENTIONED IN THIS ARTICLE
New York
Walter W. Heller
President's Council of Economic Advisers
Heler
National Association of ‘Purchasing Agents
National Retail Merchants Association
First Nations City Bank of New York
Marcus Nadler
Hanover Bank of New York
Kennedy l
Heller
Walt Whitman
Rostow
General Motors
Ford
Chrysh
Harold C. Lamb
Republic Steel Corp
Martin Co
Boeing Co
Europe
General Precision Equipment ,Co
U.S. Issues Steady Corporate Bonds Down By Richard H. Hoenig
U.S. corporate bond prices fell last week while government issues halted a three week slide. AP averages show the largest corporate sell-off in nearly two years, with a partial late recovery. The AT&T refunding debenture and Treasury bills dominated week’s financing, amid signals from Fed Chairman Martin that higher rates may follow.
MENTIONED IN THIS ARTICLE
Richard H. Hoenig
AP Business
New York
U.S
Associated Press
Treasury
Federal Reserve Board
Martin
At&t
WSS
Simfly
New York Stock Exchange
Weeklong Hog and Cattle Price Updates Across Markets
The report shows hogs marketed more in the week ending Friday with prices slipping. At relose hogs 16.65, sows 13.50, cattle of choice and good grades down 25 to 50 cents. Friday quotations list steers 21.50 to 22.50, cows 12.50 to 14.50, veal calves up to 28, and various weights of bulls and hogs with mixed gains and losses across categories.
MENTIONED IN THIS ARTICLE
Mt. Vernon
Chicago
Hogest
Cash Grain Prices by Area Elevators Close Week
Prices for corn No 2 Yellow at 1.01 to 1.09 per bushel, wheat No 2 Red around 1.50 to 1.74, soybeans No 2 Yellow between 2.58 and 2.81. Quotes reflect selected area elevators and may vary by transportation costs.
MENTIONED IN THIS ARTICLE
OHO Dev As AG
Bean Futures In Decline In Early June Trading
July soybean futures led activity on the Chicago Board of Trade with a two month slide totaling over 60 cents as rain and government price supports influenced selling. Other grains edged higher or lower, while corn and oats eased. open interest dropped by over 6 million bushels as a broad market pullback persisted through the week.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Ioan
Schlitz shifts big ad account to Leo Burnett Chicago
Schlitz Brewing Co moves its 15 million dollar annual advertising account from J Walter Thompson of New York to Leo Burnett in Chicago. The change, announced by the Milwaukee based brewer, affects the agency lineup and national campaigns.
MENTIONED IN THIS ARTICLE
Milwaukee
Jes. Schlitz Brewing Co
J. Walter Thompson, Inc
New York
Leo Burnett Co., Inc
Chicago
Over Counter Stocks and Bond Averages Report
National association bid and ask ranges show over the counter securities activity. The report lists closing bids asks and yields with ranges for government Treasuries and various issued bonds, stock averages across industries, and funds with figures from the week ending June 1.
Local Schools Help Attract Good Industry
Communities vie to attract research laboratories by offering strong local schools and proximity to universities. A 28-category scoring system by Waller Kiddie Constructors prioritizes education with up to 130 points, favoring pupil-teacher ratios, per pupil spending, college prep, and track record of graduates.
MENTIONED IN THIS ARTICLE
Sam Dawson
Associated Press
New York
Boston
Philadelphia
Chicago
Los Angeles
San Francisco
Frank L. Whitney
Waller Kiddie Constructors, Inc
Sperry Rand
Warner Lambert
Westinghouse Electric
Shell Chemical
Schering
General Electric
General Time
Atomic Energy Commission
Also Mentioned on This Page
William McChesney Martin
Wall Street
Cena Ees
Soc
Iower
Chicago Livestock
U. S. Securities
Treasury Bonds
Schlitz
Assn
Securties
Enc
Acaal
Securi Rey Nore
Aber Life
Anheuser Bulaen
Tia
Liberty Lowe
Sams, A. W. & Co
Titel Gurrer AW
Buleys
Ae Wue
S.A Tvs Gita
Eaton
Aig
Mass
American Bonds
William Street
Putnam, Geo
Fund
Putnam
GTA
Telev
Wellington
Midwest
Dow-Jones
Je6sef Sesings
Carbondale Loan and Improvement Assn
North Illinois
Avenus
Carbondale, Ilinois
Zeigler Coal
Bell & Zoller
Johnston City
Yukon
Gorham
First National Bank of Gorham
U. S
Federal Deposit Insurance Corporation
Member
Federal Reserve System
First National Bank
D. H. Koeneman
Gorham, Illinsis
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