Shares Take Sharp Loss In Early Market Drop
The New York stock market faced a sharp decline as Washington proposals and Kennedy administration news spooked traders. The Dow fell 3.82 points to 695.90, with the AP average sliding to 266.8 and widespread declines across exchanges, signaling a broad pullback in equities.
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NEW York
Kennedy
New York Stock Exchange
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Securities and Exchange Commission
Dow Jones
Newsrom
Associated Press
New York Exchange
American Stock Exchange
Lighter Hogs Reach 19 5 as Market Closes Strong
CHICAGO AP Hog prices climbed with slaughter hogs topping 19.75 per cwt and the mix of 190 265 lb hogs trading up to 19 50. Sows ranged 12.75 to 17, with heifers 22 to 23.5 and bulls up to 20. Spring lambs slipped to 22 for some mixed lots. In Helena, Mont pronghorn antelope noted as the only horned animal shedding its hair sheath yearly.
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Chicago
Helena
Mont
Western Plains
API
Board of Trade
Jury rules in Pan American suit over oil wells slanting
A jury awarded Pan American Petroleum Corp 600000 in damages against oilmen tied to wells drilled at a slant on a Brunswick lease. Key figures include Long of Tyler as operator and defense lawyer Erisman. The case centered on whether wells were deliberately concealed and if Pan American's lease tests were valid.
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Long
Charles Stubblefield
Tyler
W. Long
Houston
Fred Erisman
George P. Erickson
Smyrna
Southwestern Life
Insurance Co
Dallas
Value Bountin Pa
Nallse
Wall Street Weighs Peace Impact on Arms Sector
New York AP reports Wall Street analysts consider how a peace breakthrough, amid nuclear test ban talks and East West rifts, could alter earnings and market dynamics. Some see a split in the Communist camp into Russian and Chinese wings, potentially easing demand for armament stocks.
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New York
Wall
Thomas and Mcktinnon Co
Goldberg
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