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The stock market is
rallying again amid re-
newed investor opti-
mism that interest rates
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Optimistic market rallying again |
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Monte Gordon at the sense the third quarter
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50 So,
NthOniK Weather Servce 40
NOAA US Dept o’ Commerce
he Forecast
Thursday November 4
Low Temperatures
3.10
3040
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Jacksorville
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$195
13" Diagonal Color TV
Sicht ‘n Sounds $279
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Convenient recipe guide, time
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90 DAYS-NO INTEREST
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open ‘til 8:30 tonight!
HARZFELDS
Quality Large Capacity Washer
Hot or warm wash temperature selections Large capecity,
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Heavy Duty Dryer
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283
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Overmight low: 4 at Gunnisen, Cele.
jTuesday’s high: IS *1 Mr Allen, Texas
Rain continued in Texas along a cold front Tues-
day night with rain changing to snow in New Mexi-
<4s mountains. Scattered showers were over Loui-
siana Mississippi and Kentucky Temperatures
3 1
Sidu ‘n Sounds. 226
EVerydaylowPce-%
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How Only
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Atlanta
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No-trost refrigerator and freezer
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Wichite Fele
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firm of Dreyfus Corp. trough (of the reces-
sion), and we may see
"A belief in lower In- improvement in the
spending would in- terest rates continued to economy.”
crease, stimulating a re- .trigger investor action," The 1 iiawaawaaa
LASTGDAYS!
M low
60 38
M 28
60 28
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36 16
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were below freezing across the northern Plains
and much of the central Plains region.
Today's forecast Includes thunderstorms scat-
tered over the Gulf Coast states, Tennessee Valley
and south Atlantic Coast states. Afternoon highs
will reach the 30s and 40s in the north central
states and the 50s in the Pacific Northwest and
southern Plains. The northeastern states will
reach the 60s and the southern half of the nation
will have 70s and 80s.
narm‛"omn‛em" portherly winds,
meiJen L erough ei date to upper 20a. Sus
Thursday. Highs la
idumungquK
phua
SMALL LEATHERS CHECK
CLUTCHES. FRENCH PURSEB,
CASES. MORE 1/3 TO 1/2 OFF
M tow
61 41
67 26
63 27
77 64
34 24
67 63
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5 ’
e wednesday, November 3, 1962
3*
Stock Exchange           falling 2.7 percent in Au-
The Dow Jones aver- gust
age of 30 industrial "Both reports obvious-
stocks. the best-known ly suggest the economy
measure of the market, is strengthening," said 4
climbed 16.38 points to Steven Dobson, a senior
1,022.08 At one point, economist at Bank of
the blue-chip average. America in San Francis-
which rose 13.98 points co. "Neither figure gets
Monday, was up more me overly excited "
than 26 points in what Dobson said he ex-
many analysts had ex- pects a weak recovery
pected to be a lackluster from recession
session as Wall Street "It’s a heck of a lot
awaited results of the better than the uniform-
elections.                  ly poor reports we were
Sales of new single- getting earlier this
family homes rose in year," said Robert
September to a seasonal- Ortner, chief economist
ly adjusted annual rate at the Commerce De-
76
A3
A
Y2“V }
of 464,000 from 375,000
in August, the depart-
ments of Commerce and
Housing and Urban De-
will keep falling and velopment reported It
government reports that was the highest sales
show improvement in rate since May 1981 and
the nation's home sales private and government
and factory orders - economists said it re-
two very weak segments fleeted recent sharp de-
of the economy             clines in mortgage inter-
Stock prices rose   est rates.
across the board Tues- The Commerce De-
day in surprisingly partment also reported
heavy election-day trad- new orders for manufac-
ing of nearly 105 million tured goods rose 0.7 per-
shares on the New York cent in September after
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saims 2""
Zones 5,9,12- Mostly char winds. Lows in the mid-20s. Sun-,
and,*
landcodl Lones 1c, 17,1* 26,21 -Char,
and colder tonight with light
Zones A, 1, 8 - Decreasing aorthertywteds. Louth the kw.
cloudiness and colder tonight 12                               ;
with winds from the north at 5 to    Thursday Highs la the low 50s •
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