New York Markets activity on bond sales Monday
New York markets showed Dow Jones averages and bond activity with sales totaling 14.86 million dollars on Monday at the New York Stock Exchange.
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Newspaper
Terre Haute Tribune
Location
Terre Haute, Indiana, United States of America
Date
Jun 18, 1968
Page
13
New York markets showed Dow Jones averages and bond activity with sales totaling 14.86 million dollars on Monday at the New York Stock Exchange.
A dense listing shows farm prices for wheat soybeans corn and rye with wheat at $1.17 a bushel yellow ear corn $1.05 yellow shell corn $1.07 and rye $1.10 soybeans $2.58 while hogs run $20.40 to $20.65 for 200 to 220 pound animals and sows at $17 and up. The report also includes a sprawling tickertape of company and stock symbols and numbers, reflecting market quotes and related financial data from various firms and exchanges.
Indianapolis and Chicago market summaries show hogs uneven to 50 lower with various weight ranges, cattle and calves trading moderately to strongly, sows steady, and lambs firm. Chicago hogs and cattle priced with mixed lots, butter and eggs flat to lower, soybeans and grains near seasonal lows, and live poultry prices steady to slightly up. Includes regional receipts, week-to-date figures, and national price directions.
Treasury accounts show withdrawals totaling 178.42 billion dollars and deposits of 150.71 billion for the year to June 13. The cash balance stands at 4.64 billion while public debt is 357.16 billion and gold holdings total 10.37 billion.
Reynolds & Co says market turnover is frightening and defies analysis though not agreeing with crash fears. It urges investors to reexamine objectives and ensure portfolios are sound. Harris, Upham & Co cites inflation and abundant money as short-term buffers and warns speculative buying of low quality issues should beware.
The piece argues that early exchange closings or higher margins won’t halt the stock surge. Growing participation by individuals, mutual and pension funds, and insurance companies fuels demand. Specialists warn that mass investment, fund performance pressures, and rapid turnover drive volatility, requiring long-term reforms beyond short-term remedies.
Official sale notice for Indiana State University Apartment Revenue Bonds totaling 1.7 million dollars. Bids due June 27, 1963, at 10:00 A.M. Central, Terre Haute. Series B 500000 and Series C 1200000 mature 1969 through 2006, with rates and redemption terms detailed. Bids judged by lowest net interest cost with HDP involvement and delivery within 45 days.
Personal items and business ads include Alcoholics Anonymous contact, Wig Centre notices with 2900 Wabash address, Margate Morgan wigs at 1454 South 17th Street, Notary Public and prescription services at Greenwood Drugs, Dr M C Grainger chiropractor at 439 N 9th Street, and Kruger Buick transport contact Taylor Long with phone number 234-6631. Public notices emphasize local commerce and services.
Indiana State University Board of Trustees outlines Series B and C bonds, ranking with Series A bonds issued under a mortgage on ISU housing. Bonds, exempt from state and federal taxes, will be secured by a lien on project properties with title insurance and legal opinions provided to bidders. Also included is a condemnation notice listing multiple parcels in Terre Haute deemed dilapidated or unsafe, requiring demolition within a specified period.
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