Lake Charles American-Press from Lake Charles, Louisiana on August 24, 1962 · Page 23
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Lake Charles American-Press from Lake Charles, Louisiana · Page 23

Lake Charles, Louisiana
Issue Date:
Friday, August 24, 1962
Page 23
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Page 23 article text (OCR)

BUSINESS & MARKETS STOCK MARKET Big Gains Are Scored In Trading STOCK AVERAGES Compiled by fh« Associated Press Prev. day 320.5 105.8 128.6 226.1 Week ago 315.0 104.0 126.1 222.1 Month ogd 303.3 102.9 122.2 215.2 Year ago 347.1 125.1 133.2 253.6 By ED MORSE AP Business News Writer NEW YORK (AP) - Heavier trading accompanied a resumption of the stock market Thurs day with some large gains early the afternoon. The Associated Press average of 60 stocks at noon was up 1.0 with industrials ahead 1.2, rails up .6, and utilities up .7. Among the general run of key stocks gains ran from fractions to around a point but there were advances of 3 or 4 points among the more widely moving issues. The market's ability to complete the job of erasing all losses since the "Black Monday" o) May 28 brought in additional buying, brokers said. Analysts notec that the month of August has historically produced the best gains of any month but they remarkec also that in the past three years rallies have topped out ft August. A growing number o! small osses or stocks showing no change >etokened precautionary profit taking. Meanwhile, ther« was little in the way of fresh news to top Wednesday's stimulating report that General Motors was predicting a seven-million-car sales year in 1963. First hour volume totaled 980,000 shares, then tapered off to 810,000 in the second hour. The auto shares kept generally ahead, Ford, GM and American Motors adding fractions while Chrysler dipped. Steels were narrowly higher on balance. IBM, having scaled the resistance level of 400 in its price chart Wednesday, shrugged off an antitrust suit and added 5 or more points. Renwed demand also was reflected by a jump of more than 5 by Crown Cork, a gain of aboul 3 by Du Pont, and advances oi a couple of points apiece by Polaroid and Zenith. LIVESTOCK Area Sales Results MICELLE'S COMMISSION YARD WHtolifty, Aug. M CATTLE R6C6IPTS: Large. 1,»5 head sold. Three horses, two sheep. MARKET CONDITIONS — Tradlno Acion: Moderotely Active. Demand: Good. Prices: Steady. SOe to $1 Lower. H06 RECEIPTS: Ltberol. 143 head fold. HOG MARKET CONDITIONS-Tred- Jfl9 Action: Moderately Active. Demand: Fair. Prices: Steady. coivis SLAUGHTER: Good to cholc* M-2S.50, standard 51-23, utilify 18-21. STOCKERS: Good to choice (250 Ibs. op) 28-30.50, common and medium (250 Ibs. up) 23-28, goad light (250 Ibs. down) 25-33. Steen find Heiftri SLAUGHTER: Good to choice 23-25, standard 21-23, utility 18-21. STOCKER STEERS: Good 23-24, common and medium 18-23. STOCKER HEIFERS: Good 21-23, Com mon and medium 16-20. Cows SLAUGHTER: Commercial 15-U, utility 14-15, cutter 12-14, conner 9-12, shells down to 8. STOCKERS: Good 14-18, common and medium 14-1«. Cow-and-Cslf-Per-Pair Good none, medium 145-165, common 125145, Inferior 95-120. fulls Commercial 14-17, utility 14-14, cutter 12-14. Hogs Choice barrows and gilts (180 to 175 Ibs.) 17-18.20, choice barrows and gilts FRIDAY, AUG. 24, 1962, Lok« Ctorfe* America* toss. {140 lt> ITS ibs.) 1S-1«, butcher pig» (75 to 135 ibs.) 13-15, medium Borrows and oilfs 1J-M, iows C4M Ibs. (town) 13-15, heavier sows (old) 11-13, coed feeder pigs 1«-20, common and medium 14-14, woods hogs 8-11. DOW JONES (Coortesy of A. Iff paurffi Hour Averages: industrials Utilities Peurfh Hour Sf«*s: Allied Chemicals .... American Bakeries .. American Can ....... American T&T Anaconda Armour and Co Boeing Aircraft Branlff Cities Service Continental Oil Eastern Airlines Firestone Ford General Dynamics .. General Motors General Telephone ... W. R. Grace Gu.r Oil Gulf States Hercules Powder .... Kennecoft Copper .... Lockheed Mack Trucks Montgomery Ward . Notional Airlines Olln Mafhleson BdworBs flfld ..„. «1*-«f pP 124.18 up «'•»•» .71 Pan American MH J. C. Penney WA Pepsi Cola <2'A Pittsburgh Plate , 54% Polaroid , WA RCA fflH Sears Roebuck 74V» Socony Mobil M Southern Pacific 2541 Standard of California 51 Texas Co SM* United Gas JTH U. S. steel 4SV* Woolworth n Zenith 53% Stimulated by an assortment of new contracts, space age stocks resumed their rise. Lockheed was up more than a paint 9 25 1 » SMi 21 •* 34'A 35% "'* 36% 71% SI 'A 38'A 27?* Tonnage of pulp and paper produced each year in the United States is greater than the tonnage of automobiles produced. STEFAN STUDIOS Special On PORTRAITS Reo. $».»$ NOW $4.95 J305 Ryan, ot Prlen Lake Hi. WRINKLES fcy Mane frarwtit Ntir You*:—Chemical tei- enee has found * white substance madej with quicksilvcrl that worksf wonders onf wrinkled,! roughened face! and hands. Use* it one time and^ it is entirety possible you will see improvement next morning. In a few days dry-skin Wrinkles start to vanish. Many of the small ones around the eyes and mouth have already disappeared. But that is not all! "Old-Age" (weathered) brown spots on hands and arms—brown "age" darkness on surface of face and neck fades away! Rkh oils lubricate pores so blackheads can few* lip * .!•• **"*»*•:•:» -t ff". •:• •-'-''•--•• •:•:•:•>:•* I : :--;;-* : *«s wonderfully soft and lightweight.,. cabretta leather jacket FASHIONED BY HIGHLANDER It's the neatest . . . beautifully tailored, soft and supple leather jacket any girl could wish for. Fashioned of cabretta leather skins by Highlander Fashions into classic, cardigan and gator trimmed styles. Lightweight, yet so warm. Just wipe clean with a damp cloth. Order yours proportioned to fit in tall or short sizes, 8-18. White, beige or camel. SPORTSWEAR • THIRD FLOOR \ * \ t v **» • • / slip out without jqueetiiig. Sw- face pirtipla ted b?fmfeh« and 'scars, outwardly earned, dry up or become less notice* ablet But don't take my word for tt Make a 6-day test without risking one penny. Jtnt get ft jaf of Peacock 1 * Imperial Creme at your favorite depart* ment or drug store. Use thi* thrilling cream for 6 days-—and if you are not delighted with results, full price will be refunded. No questions asked. Peacock's Imperial Cremc ca* work wonders for wrinkles, •lines, brown spots and other weathered blemishes. $2.06 plus tax. You may obtain Imperial Creme at: MULLER'S SHOP SATURDAY 9 A.M. TO 5:30 J.M. basie college or career requirements D new favorites . . . American girl casuals 7.95 fir 8.95 Fashion relaxes . , . in casual comfort Shown, top to bottom; Hi.Fi, Wedge style little boots in black, 8.95— Twist, multi-color leather and multicolor suede, 7.95 — Sujer II, black velvet slip-on. 8.95. Sizes 4Vi> : 9. SHOE SALON • STREET FLOOR D washable leather school handbags 2.98 Fashion right handbags in top handle, clutch or chain handle styles by Margolin. Washable leather for back to school neatness. Choose from our colorful assortment; black, bone, otter, red or brown. HANDBAGS • STREET FLOOR D Bonnie Doon back-to-school socks Leg beauty for style-conscious coeds. Pack several styles for every campus occasion. White super wright combed cotton crew socks, sizes 7-11, 65o and 59c — Bonnie Doon "Snuggler" bobbie sox, sizes 7-11, 69o — Medium weight Orion Stretch crew sox, 1.00 — Fine cotton anklets with turn down cuff, sizes 7-11, 45c — Ban-Lon anklets, finest quality with turn down cuff, S-M-L, 79c— Knee Hi cable stitch stretch socks, fall shades of red, blue, charcoal, sizes S-M.L, 1.00. HOSIERY • STREET FLOOR D Coro's campus bound jewelry 2.00 Coro's new fall collection of gold and silver jewelry adds sparkling highlights to a campus wardrobe . . . Necklaces, earrings, pins, bracelets and pendants to dazzle and bedazzle. JEWELRY • STREET FLOOR D Ship 'n Shore co-ed blouses 2.98 & 3.98 Back to books means back to blouses . . by Ship 'n Shore! Left— Neatly narrowed collar and placket in smartly reduced dimensions. Easy cart all cotton. White, pastels, sherbet tones, 2.98. Right— richly embroidered ribbon beautifies this. blouse along with other lovely assets: fin«-Unt tucking, tapered button sleeves and fashioned io Ban-Care ell cotton, no-Iron. Choose from whitf and soft pastels, 3.98— Both in sizes 30 to 38. DRESS ApCESSORlES • STREET FLOOR "CHARQi-ir AU AT i

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