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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Dec 28, 1968
Page
3
A brief financial feature from the Saturday December 28 1968 issue outlines market movements, stock quotes, and economic indicators. It notes notable gains for several industries and highlights notable price shifts in key securities.
New York AP dispatch notes light trading and caution as the stock market declines for a second straight week. The Dow fell 14.48 points to near 985.08, with 45.4 million shares traded, the lightest since August 31. The Associated Press average slid 3.9 to 359.5 as declines outpaced advances 1,062 to 517 amid tax selling and tight money fears.
G&W announced an agreement to give Atlantic Richfield an option to buy all Sinclair common shares owned or to be acquired by G&W at 130 dollars a share. The option expires August 31, 1969 and Atlantic issues G&W a warrant exercisable at 125 dollars per Sinclair share, expiring December 31, 1976.
The New York market summary lists stock quotes from the New York Stock Exchange and various securities names. Prices move across many items with figures shown for high and low values and notable securities across industries and funds.
Phelps Dodge Copper Products Corp announces rolling charge increases effective January 2 for hot rolled cleaned copper rod. The rise is 1.0025 dollars per pound for rod 5 and larger and 1.0015 dollars per pound for rod 9 16 and smaller. A surcharge of three cents per pound of copper content will be added to invoice prices of all uninsulated products excluding tubular items.
Avco Corp. begins mailing its formal offer to Seaboard Finance stockholders. The exchange offer expires at 5 p.m. Los Angeles time on January 20, 1969 unless extended, and awaits Avco stockholder approval at a January 14 special meeting. Seaboard directors urge acceptance.
Quotations from the NASD show representative interdealer prices around 1:00 pm with changes expected through the day. Prices exclude retail markup and commissions.
Cotton futures No 2 closed 10 to 50 cents higher as liquidation on Thursday prompted bargain buying. Nearby months saw activity centered in commissions houses with spot markets steady at 26.25 cents per pound for middling 11-16 inch cotton across 12 markets.
Bleachable II futures for March trade around 232.2, reflecting current market activity in York, Arkansas.
Fragmentary item notes no sales activity and lists cryptic figures, May date, and a price tag. The readable portions imply a muted market, with no trades or clear transactions recorded.
United apr reports copper and zinc shifts with varying bids while gold and silver hold firm. Futures for copper and nickel move between gains and losses as trading volume shows modest activity across exchanges.
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