Marts End Week On Rising Note
The New York stock market closed higher in moderate Friday pre week end trading.
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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 30, 1968
Page
15
The New York stock market closed higher in moderate Friday pre week end trading.
Interdealer NASD quotations show gains across insurers and industrials with blue chips like Swank and McDonnell Douglas rising. News notes profit taking in final hour and Labor Day holiday closing, while motors and steels show limited movement and analysts foresee a continued upturn on industry optimism.
Chicago Board of Trade commodities faced selling pressure with mixed trading and early liquidation across wheat corn and soy futures. Soybeans led losses with September down 10 cents while later a small rally followed. soy products fell slightly as harvest began in southern Illinois easing tight supplies.
The New York Stock Exchange saw fluctuating prices with notable activity in energy and banking stocks. Major Dow components showed varied results as investors weighed quarterly reports and broader market signals amid uncertain near term direction.
A fragmentary Associated Press ledger shows numerous percentage figures, stock terms, ex-dividend notations, and footnotes about dividends. The disjointed data hints at quarterly and special distributions, stock dividends, and related terms amid cut lines and OCR artifacts.
Dividends were issued by Anixter and several related companies including Continental Douglas Lon Purex Corp and Wallace Murri Fina. The record dates and split details show a 918 10 10 split subject to approval and various Q dates including 9 10 and 9 13.
Atlantic Richfield Co announced plans to relocate its headquarters from Philadelphia to New York. The move, set for Sept. 3, will impact more than 300 employees as the firm seeks proximity to the financial community and international business activity, with the new offices housed in two buildings.
Cotton futures No 2 closed 20 cents a bale higher to 2.40 lower as profit taking cut early gains. Weather in the cotton belt remained favorable for progress while the spot middling price held at 30.67 cents a pound in the 12 markets.
New York cottonseed oil futures closed quiet with no sales. September at 235.0, cotten at 712.50. December and March also showed minor losses, with prices drifting lower amid light activity.
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