Market Up Sharply At Close In A Volatile Session
Wall Street closed higher after a jittery day with late buying pushing many issues up. Polaroid gained about 10 points before trading was halted briefly, Xerox rose near 8, and International Business Machines added about two dozen print ads worth of gains amid a broad rally while gold miners fell back.
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New York
asGy Apvens
Lubc Eevile
pMuuies
Polaroid
Xerox
Cotton futures ease after early firm trade
Cotton futures declined after an initial firm session as trade and commission house buying waned. Gains in nearby July supported by rising spot prices, but liquidation by brokers pulled prices down late, with July at 34.90, October 34.40, and December 34.49. First Friday in four to show an advance.
MENTIONED IN THIS ARTICLE
New York
Trade and Commission House
Commission House
Sesson
Cotton textile market sees scattered sales and planned uniforms buy
New York reports scattered sales of print cloths sheelings and drills as the cotton textile market concentrates on fill-in goods. The armed services plan to buy about 1,833,000 near yards of cotton uniform twill and 411,000 yards set aside for small businesses. Wool goods market quiet and drygoods activity dull.
MENTIONED IN THIS ARTICLE
New York
Armed Services
NYSE Survey Links Individual Investors to May Market Break
The New York Stock Exchange released an interim survey attributing much of the May 6 decline and the morning drop to selling by long term individual investors. The report notes heavy Monday and Tuesday activity, with gains on Thursday amid mixed forces and a later resumed slide. It cites broker and salesman input, showing four to three selling versus buying over three days and mentions large influx of first-time small accounts. Institutional selling exceeded institutional buying, with little one sided activity from foreign accounts or women investors.
MENTIONED IN THIS ARTICLE
Exchange
The
Stock Exchange
Wall Street
Slaughter Livestock Prices Ease Amid Slow Demand
Livestock market notes slow slaughter steer demand with few sales, steady to lower trend. Receipts at Friday auction around 1,200 cattle and calves. price ranges across Los Angeles area yards include 25 to 27 per hundredweight for slaughter steers and cows, with calves and feeders showing varied activity.
MENTIONED IN THIS ARTICLE
Phoenix
Los Angeles
FSMN
Artesia
Calle Salable
U.S
Over the Counter Prices Explained by Dealers
Prices furnished by members of the National Association of Securities Dealers show bid and asked ranges as a guide to where securities could have been sold or bought at the time of compilation.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers
Scotlidale
W.W. Research
Amer
Micro Devic Ark
Golnr Film
Producers Finance
Ariz, Land Corp
W. J. Meehan
General Trust
Er Amer
Buyers Life
Ford to Close Plants and Idle 10,000 More Workers
Ford Motor Co to close 16 passenger car plants and lay off about 35,000 workers by tonight as Cleveland area strikes expand, with 10,000 more layoffs in metal stamping Monday. Additional plants shut or reduced operations include Owosso battery plant, Wixom, Dearborn, Kansas City, and other sites, amid a union dispute over work standards and quotas.
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Detroit
Ford Motor Co
Cleveland
Ohio
Owosso
Mich
Ford
San Jose
Calif
Kansas City
Louisville
Loraine
Mahwah
Buffalo
Chicago
Monroe
Dearborn
United Auto, Workers Union
Walton Hills
UAW
M. 74
Mike) Cummins
Ken Bannon
Bannon
Cummins
Wixom
Break In Construction Talks Seen Likely This Week
In Phoenix UPI report, formal sessions by Aggregate Association and Teamsters Laborers hint a break in negotiations may be near after earlier informal talks. Four craft groups have operated without a master contract since May 31, risking a 35 000 worker strike with wide economic impact and a drop in nonresidential building permits.
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Phoenix
UPI
Aggregate Association
Penny Co reports higher first quarter sales and earnings
New York June 14 earnings show J Penny Co. higher first quarter sales with net income of 1 771 756 and 31 cents a share on 345 816 559 in sales, up from 7 448 763 or 31 cents on 27 43 014 a year earlier. Also listed are Gas Service Co. full year figures to May with net income 4,581,945 and 8 225 per share. International Mining Corp. net income 170,857 and per share data.
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Crow
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Shell
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Mattress
Simmons
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Dana
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Sinclair
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Varlan
Adams
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Smith
Agary
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Te Lear
My Smith
Lib McNel
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Wall Tiern
My Sh
Southern Co
Ae Trane Co
Walworth
Ind
Alders
Cp Disney
Lionel A
Transwa
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Lifton Ind
Sparion Cp
Sean Chem
Allied Milla
Doug
Perry
UN Tel
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Ye Lowenstein
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Lukens
UN Pac
Westo
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Oix
Stone & W
Am Enke
el Bandas
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M Marine Said
Sun Chem
Sun Chem xa 7 Unit M&M 56 up + Ms Worthington 33 40 + % mae FPw » él Star Bar
Maravardt
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Phil
Aia
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Gilbert Attorney Plans Habeas Corpus Plea
Rio de Janeiro reports attorney Jorge Chalupe Sobrinho will seek preventive habeas corpus for Edward M. Gilbert to avert possible arrest. Gilbert arrived on a 30 day tourist visa after admitting withdrawals of almost 2 million dollars from his hardwood company. No charges yet. embassy has no instructions.
MENTIONED IN THIS ARTICLE
Rio DE Janeiro
Brazil
Jorge Chalupe Sobrinho
Edward M. Gilbert
New York
Gilbert
U.S
Chalupe
Supreme Court
United States
Baca Float Case Decision Reversed by Arizona Supreme Court
The Arizona Supreme Court ruled a former Santa Cruz County senator used 5997 shares of Baca Float Ranch stock as loan security but did not sell them, reversing a lower court. The decision favored former Senate President Hubert Merryweather, who argued the stock backed a $200,000 loan to T. Pendleton. Pendleton claimed he planned to buy the stock and grant Merryweather a one year repurchase option. The ruling notes the trial court erred in ignoring an advisory jury verdict, but held the agreement likely was a security arrangement, not a sale.
MENTIONED IN THIS ARTICLE
Phoenix
Arizona Supreme Court
Santa Cruz County
Baca Float Ranch, Inc
Senate
Hubert Merryweather
Merryweather
T. T
T. T." Pendleton, Nogales
Pendleton
Jim Pendleton
Herryweather
Pima County Superior Court
Coffee New York Market Report June 14
Trading snapshot shows Santos and Bourbons offerings with prices around 34.50 to 32.04 per unit, futures closed at 14 tower to Naher. MM Clutures closed at 4 tower for July 4 and other bids included U410N and Atay 22.20N.
MENTIONED IN THIS ARTICLE
New York
Cotfes
Santos
X-Dack
Naher
Atay
N-Norrinal
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