Support Level Pierced NYSE Before Midday Losses
The stock market closed lower as traders eyed a mid September support level. IBM fell about eight points while Du Pont held and U S Gypsum United Air Lines Kennecott and General Electric slipped roughly one point. Central Data rebounded about two. Borden slid fourteen to 4034 on 23200 shares with US Steel and General Motors also mentioned.
MENTIONED IN THIS ARTICLE
New York
IBM
du Pont
U.S. Gypsum
United Air Lines
Kennecott
General Electric
U.S
Central
Borden
US. Steel
General Motors
Market Ends Lower In Active Trading Day
Stocks slipped early then recovered much of the loss as volume matched yesterday’s 5.85 million shares. Major names moved in fractions, with Kennecott up 2 4/8 and IBM down 6 points while Ford and Chrysler posted fractional declines and U S Steel held near 47 3/8.
MENTIONED IN THIS ARTICLE
Kennecott
du Pont
American Smelting
U.S. Steel
General Motors
United Aircraft
IBM
Standard Oil
New Jersey
American Telephone
Wall Street
Over the Counter Price Guide by NASD Members
Prices supplied by National Association of Securities Dealers members serve as a guide to bid and ask ranges for securities as of compilation time. They do not represent actual transactions or quotes.
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National Assn. of Security Dealers
Cotton futures steady as traders await new crop legislation
Inactive domestic colon futures market as commissions and traders posted bids but offers failed to close. Ration trade segments await developments on new crop cotton legislation before extending commitments. Late bids show July at 31.05, Oct at 0.08 and Dec at 27.93. world carton futures bid at July 24.05, Oct 24.08 and Dec 23.91.
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New York
Auriet
Cottonseed oil futures close with mixed bids
New York AP reports cottonseed oil futures ended with varied closes. July and September contracts show gains while others edge lower. closing bids listed with notable activity in May and other months.
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New York
Egg price ranges and poultry volume figures from ranch and stores
The report lists eggs sold to consumers in large and medium stores with price bands. It provides live poultry volume at a ranch including fryers roasters and egg type hens with head counts and weighted averages, and notes turkey prices for young ferns and hens.
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Los Angeles
Martin speech triggers reader debate on economy and safety brakes
The Daily Investor column discusses William McChesney Martin’s Federal Reserve speech, clarifying it urged moderation and tighter credit to prevent a boom bust, not warn of an imminent crash. It contrasts this with economist-idol incantation and notes readers’ questions about broker charges and savings bonds tax implications.
MENTIONED IN THIS ARTICLE
William A. Doyle
William McChesney Martin
Federal Reserve Board
Martin
Fed
U.S
Doyle
Univac Expansion Planned for Roseville Minnesota
Sperry Rand Corp. reports its Univac division will nearly double Roseville Minnesota production facilities within 12 months. The expansion marks the third Univac expansion in Minnesota. New plants will manufacture computer memories coil wound products and printed circuit cards.
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New York
Sperry Rand Corp
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Fed Moves to Tighten Credit for Member Banks
The Federal Reserve reduces credit as inflation fears grow. Banks borrow to meet reserve requirements, with daily Fed borrowing rising from near zero in early 1965 to over 150 million dollars by June, signaling tighter policy amid ongoing economic expansion.
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New York
Federal Reserve System
Fed
Federal Reserve
Livestock market reports from Kansas City brisk but thin
Cattle and calves offerings are sparse with no class tested. Hogs total around 1,500 with barrows and gilts down 25 or more. sows steady to lower. Prices shown per hundredweight range from 198 to 255 for lighter hogs and 24.00 to 25.50 for spring lambs. Sheep offerings scarce with spring lambs steady around 24.25 to 25.50.
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Kansas City
Dry goods market report from New York and London
In New York cotton gray goods sold lightly while specialty print cloths went to converters for nearby delivery. Wool tops in Stadford England showed good business with firm prices. Synthetics saw limited acetate satins sold for nearby delivery mainly by second hand dealers.
MENTIONED IN THIS ARTICLE
New York
Stadford
England
GM reshuffles top leadership amid July 1 changes
General Motors announces eight major executive appointments and transfers effective July 1. Louis Goad gains assistant to the president alongside operations head duties. James Roche becomes GM president. James Goodman becomes administration committee chairman. Semon Knudsen becomes overseas and Canadian group head. E M Estes succeeds Knudsen as Chevrolet GM. John Z Delorean becomes Pontiac GM. Edward Rollert becomes car and truck group VP and GM Buick.
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Chevrolet Motor Division
Knudsen
John Z. Delorean
Pontiac Motor Division
Estes
Edward D. Rollert
AGM
Buick Motor Division
Edward N. Cole
Vatican Dividends Hit 5.63 Million in 1963
Rome reports the Vatican earned 5.629 million dollars in Italian company dividends in 1963 and paid 844,350 dollars in taxes. Finance Minister Tremelloni disclosed the figures to the Chamber as Communist deputies questioned. Premier Moro's party backs a bill to exempt the Vatican from the 15 percent dividend tax, while Socialists oppose.
MENTIONED IN THIS ARTICLE
Rome
Vatican
Robert Tremelloni
Chamber of Deputies
Tremelloni
Aldo Moro
Christian Democratic Party
Coffee futures slump as traders liquidate in slow New York market
Liquidation by commission houses drives down prices in New York coffee futures on Thursday. Demand for green beans remains quiet with spot Santos No.4 ex-dock at 46.00 with other Santos Bourbons around 46.60 and 45.00 in nominal terms. Futures close 15 to 24 points lower across July to March contracts.
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New York
Commission House
Santos
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