Advances End Trading Is Slow On Mixed Market News
New York stocks edged higher at opening then peaked within an hour before retreating amid cautious preweekend sentiment. Industrials dropped broadly with General Motors, Chrysler, Eastern Air Lines and IBM among leaders in losses. Dow component changes included Du Pont up and U.S. Steel little changed as volume cooled to about 4.7 million shares.
MENTIONED IN THIS ARTICLE
New York
Tarkett
Red China
Viet Nam
General Motors
Chrysler
Eastern Air Lines
American Smelting
Boeing
Goodrich
American Photocopy
Xerox
IBM
du Pont
U.S
Union Carbide
Standard Oil
New Jersey
American Telephone
New York Central
U. S. Steel
New York Stocks Mixed on Wall Street Trading
Market rundown shows Dow Jones industrials slipping as major indices retreat. Brief quotes indicate declines in rail and utility components with mixed results among blue chips and tech shares amid uneven session.
Bank backs pound as sterling steadies in London market
The Bank of England intervened for a third straight day to support the pound as it stayed near the 2.79 dollar level. Government brokers bought, keeping the rate about 2.79 to 1.16 above the 2.78 floor. Prime Minister Wilson affirmed there will be no devaluation, while dealers cited continental selling and a widening May trade gap as factors.
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London
London:onitary Exchange
Bank of England
Harold Wilson
Britain
Treasury Position Washington June 1 Treasury balances and debt
Treasury reports cash position for June 1 with figures from 1965 and 1966, including balances of 2,201,456,297.78 and 970,214.61, and total debt at 31,?925,674,262.51. Gold assets are listed at 260,701,091 with about 15,429,152,226.03. The note mentions statutory limit and a figures block for the year ending July 5.
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Washington
Treasury
Beresits Tiscal
Wiindenwall Tseel
Coffee Futures Hold Firm Amid Roaster Demand
Coffee futures remained steady on Thursday as roaster demand for green beans stayed moderate. Santos No. 4 futures traded around 46.00 with cost and freight adjustments showing Santos Bourbons near 48.06, and May contracts around 38.90 to 50.00 for nearby months.
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WEW York
Santos No
Santos
Dee
Axdakod N-Maminat
Livestock Rates Report From Kansas City Market
Livestock prices listed for cattle calves hogs and lambs at Kansas City market. Slaughter steer and heifer classes noted with prices in dollars per hundred pounds and ranges for different weights. Sows and feeder pigs show modest gains with barrows and gilts stronger in some weights, spring lambs steady with good to prime fall within quoted ranges.
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Ansas
Nonferrous metal price report from New York
Spot prices in New York on June 18 show copper at 34 cents per pound and lead at 16 cents per pound. Zinc and tin quotes are given with regional references, and foreign silver and quicksilver are listed with per ounce and per task figures respectively.
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New York
Connecticut Valley
Ease St Levis
Katy Plans Major Freight Car Purchase and Track Upgrades
Katy President John Barriger announced the Missouri Kansas Texas Railroad will spend over 22 million dollars on new freight cars, cabooses, 115 pound rail, cross ties, track and shop machinery. A car rebuilding program will start at Denison Texas and Parsons Kansas as the first major modernization step.
MENTIONED IN THIS ARTICLE
St, Louis
Missouri– Kansas- Texas Railroad Board of Directors
Katy
John Barriger
Denison
Tex
Parsons
Kan
Barriger
Custodian dividends for kids may cut taxes with limits
A tax pro notes that transferring dividend bearing securities to children as custodians can avoid tax on up to $1,000 per child annually, combining the 1000 dividend exclusion with exemptions and deductions. However, setting up custodianships risks gift and estate taxes, loss of control, and requires careful accounting until age 21.
Over the Counter Pricing Quotation Notes
A fragmented notice from NASO discusses approximate morning quotations for over the counter items. It notes dealer prices and interdealer asks, with marked adjustments reflecting a basic markup. The readable fragments point to price identification and adjustments without full details or sources.
MENTIONED IN THIS ARTICLE
NASO
Sids
Wrenturdealer Prithy
Aorieas
Cotton New York Market Mixed As New Legislation Looms
Cotton futures in New York steady with few matching orders as traders await the new crop bill. The Agriculture Department trimmed export subsidies and domestic mill payments to 5.5 cents a pound effective August 1, but prices barely budged. Domestic reads for late July futures show July around 31.04, October 30.07, December 29.95, with world futures near 24.00 for July and 24.07 for October.
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New York
Department of Agriculture
Tata
Sugar futures steady with minor changes across contracts
AP report from New York notes domestic sugar futures closing mostly unchanged to lower on September and November contracts. Trading showed mixed moves in raw sugar with bids and closing prices listed for several months, reflecting nominal activity and ongoing demand.
MENTIONED IN THIS ARTICLE
New York
Dry goods market and wool prices steady amid vacations
In New York the gray goods trade showed slow activity as mills and finishing plants close for vacations. Bradford wool prices remained firm, while raw wool in Auckland rose 10 to 5 percent year over year. Synthetic crepe fabrics traded at fair yardage for fourth quarter delivery.
MENTIONED IN THIS ARTICLE
New York
Bradford
England
Auckland
New Zealand
Wellington
Admiral Will Cut Prices On Color TV Sets
Admiral Corp. announces discounts on color television sets and other products effective when President Johnson signs the bill ending the 10 percent excise tax. The 21 inch table model drops from 3869.95 to 349.95, with some sets reduced more than 10 percent.
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Chicago
Admiral Corp
Johnson
Admiral
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