Stocks Rise To Historic High As Markets Extend Week Run
The Associated Press reports the average of 40 stocks advanced for the third straight week to a new peak at 311.5, up from 308.2 last week. The commodity index climbed for a fourth consecutive week to 164.2, the highest since February 21, 1962.
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Associated Press
Auto Industry Faces Tense Contract Negotiations Amid Outlook
The looming Ford UAW talks begin July 1 with contracts for Ford General Motors and Chrysler expiring August 31. Henry Ford III signals willingness to strike as a bargaining tool while UAW seeks earlier retirement higher pensions shorter work weeks and better conditions. Despite this, automakers report record 4.364 million passenger car output for the year to date and strong orders, with Morgan Guaranty noting tax cuts energizing the economy.
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New York Stock Exchange
Henry Ford III
Chan
Ford Motor Co
Ford
United Auto Workers
General Motors
Chrysler
Specen
Coronado
Calif
Tom
Walter P. Reuther
UAW
Morgan Guaranty Trust Co
New York
Nigeria opens first liquor distillery with Dutch partner
Lagos reports Nigeria formally opens its first liquor distillery in a government owned plant operated with N V Erven Lucas Bols of Amsterdam. Nigerian Fermentation Industries La aims to cut liquor imports boost production and curb gin smuggling while producing gin and blended whiskey.
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Lagos
Nigeria
N. V. Erven Lucas Bols
Amsterdam
Nigerian Fermentation Industries
Eurn
Rolling Press Club Unveils Las Vegas Mobile Car
The Las Vegas Press Club showcases a mobile club room built from an old passenger baggage car, acquired from the Norfolk and Western Railway and nicknamed the monster.
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Rolling Press Club
Las Vegas
Stock Market Averages Set New Records
Last week the Dow Jones industrial average rose 4.74 to a record closing high of 890.09 as markets rallied through a seven week consolidation. The week featured irregular action with selective strength shifting among stocks, yet it produced new peak levels on the New York Stock Exchange and in livestock markets with hogs, cattle, and sheep showing varied price movements.
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AP Business News
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Market Closes At Record Amid Ford Strike Talk
The S&P 500 posted an all time high as volume reached 22,959,982 shares, surpassing the prior week. Ford Motor Co chairman Henry Ford II warned that willingness to strike is part of free collective bargaining, while a Teamsters stoppage affected deliveries and mixed the market. AT&T and cigarette stocks drove advances and declines through the week with sector swings and a 2 for 1 stock split fueling activity.
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Andard & Poor
Henry Ford II
Ford Motor Co
Ford
Teamsters
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American Telephone
Federal Trade Commission
At&t
Government Bonds Peak In May By Richard H. Hoenig
May saw U S government bonds surge to 1964 highs with long maturities leading gains, while corporates and rails rose and a steady rate outlook kept inflation fears in check. Volume was reported at about 1.5 billion daily for primary dealers, with corporate turnover near 1964 lows.
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Richard H. Hoenig
AP Business News
NEW York (Ap
U.S
Associated Press
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Futures Mixed By Weather
The grain futures market reacted mainly to weather factors with soybeans showing gains on new crop positions while wheat fell after hedge selling peaked. Weather forecasts call for above normal temperatures and little moisture, prompting expectations of delayed selling and possible buyer activity from flour mills and exporters if new crop movement increases.
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Chicago
Associated Press
Board of Trade
Tragedy recalled of spike on track near Paducah
Huved Wiseman, a Paducah area businessman, told officers of a long remembered incident when a boy allegedly placed a spike on a railroad track in Lyon County, prompting him to remove rocks and metal before a train struck the railcar. The tale echoes a fatal wreck caused by the act.
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Paducah
Kutlawa
Huved Wiseman
Wiseman
Aimet
Lyon County
Xig
Amercas
Midwest
Over Counter Stocks and Quotations Review
The National Association of Securities Dealers tracks over the counter stock quotes. The unofficial range shows bid and asked prices for listed names such as Thomas Schlity Brew and Viking Freight in current market notes.
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National Association At Securities | Dealers, Inc
Thoma Schlity
Viking Freight
Gita
Oxark. Air
Dow Jones Averages Week Ended June 20 Report
Stock averages show range for week ended June 20 with high and low values noted. Data include latest last prices for several listings and minor fluctuations across issues.
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Dow-Jones
Sveragne
Tniny Burar Bio
ITE Bist Bia
de Bat AG
Luis Tadus
Thuls Tod
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