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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Jun 28, 1962
Page
6
The stock market mounted its first clear rally in almost two weeks with the Associated Press average up 3.10 to 204.90 at noon. Industrials gained 4.70, rails and utilities rose, as large blocks changed hands and auto and chemical stocks led some gains.
Wednesday market report lists prices for Lima beans Cantaloupe and eggplant with notable ranges. Stock indices show modest gains led by rail and electronics firms as IBM and Xerox advance, Dow Jones at midday around 545.64 with an 8.66 rise. bond markets show little change amid moderate trading.
New York markets show broad gains as Kaiser By Acme Steel climbs 10 percent while Am Sugar 32 percent and Coca Cola 75 percent indices appear among many names. Other notable moves include Bell & Hew up 28 percent and Boeing at 86 14 percent with a mix of steel, tobacco, and chemical shares steering the day.
Hog receipts for 24 hours ended Thursday across Alabama Georgia and Florida plants show steady to higher prices for No. 1 and 2 barrows and gilts 190-280 lb up to 18.75 at Georgia plants. Chicago receipts 6,500 head with cash hogs 26-80 cents higher and sow quotes 25-50 cents higher. Georgia cattle auction totals 2,533 with slaughter cattle mostly lower and calves and vealers down about a dollar.
AP examines the first half of 1962 with government and big business clashing over steel prices and tax cuts while stock prices slide. Labor seeks shorter work weeks and broader benefits as mergers rise, unemployment lingers, and auto sales boom amid rising living costs and new debt.
AP dispatch reports President Kennedy’s Mexico visit may trigger frank talks with President Adolfo Lopez Mateos about Castro and communism. Mexico seeks caution to avoid appearing as U.S. intervention while facing internal pro Castro elements among students, workers, and former president LaGuardia Cardenas.
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