Market Drops as Selling Pressure Outbalances Buying Power
The New York stock market closed in a turbulent pre Christmas session as selling pressure edged ahead of buying, with the Dow near 800 at 799.10 and volume about 7.47 million. Autos led gains in early trading but faded, while American Motors and Litton Industries drew attention amid unconfirmed merger chatter.
MENTIONED IN THIS ARTICLE
New York
Steels
Detroit
Aulo
American Motors
Litton Industries
Litton
Wall
Wilson Co
Ling-Temco-Voughty
L-Tv
Seaboard Airline Railroad
American Standard
Auto News
U.S. Steel
Bethlehem
Jones & Laughlin
General Motors
Chrysler
General Electric
Polaroid
IBM
Xerox
Zenith
Eastern Air Lines
Boeing
Pfizer
American Stock Exchange
Magellan Petroleum
Molybdenum
Aerojet-Geners
Memcor
Christmas memory and the 1930s economy revisited
The piece reflects on a Christmas 30 years ago during the Great Depression with grandparents receiving Social Security, wartime bonuses, and GM wage gains. It contrasts improved 1930s indicators with later unemployment spikes, WPA cutbacks, and the era's lasting legacy amid current economic concerns.
MENTIONED IN THIS ARTICLE
AP Business News
New York
General Motors
Works Progress Administration
Gulf States Utilities Seeks 35 Million Bond Issue
Gulf States Utilities of Beaumont Texas seeks registration of 35 million dollars in 1997 bonds for public sale by competitive bidding per the SEC. Proceeds will repay 29.9 million in short term notes and fund construction and other corporate needs.
MENTIONED IN THIS ARTICLE
Washington
Gulf States Utilities Company
Beaumont
Tex
Gale
Securities and Exchange Commission
Pope Paul VI Receives Tibetan Exile Leader in Private Audience
The Vatican said Pope Paul VI met in private with Trichang Rim poche, tutor to the Dalai Lama and exiled Tibetan spiritual leader, amid undisclosed topics. The meeting occurred in Vatican City on Thursday.
MENTIONED IN THIS ARTICLE
Vatican City
Paul VI
Trichang Rimpoche
Tibet
India
Himalayan
Also Mentioned on This Page
New York Exchange
Campigte
New ‘York
Mayra Pwl
Fra Steel
Fluor Corp
FMC
FoodFair
Foote
Foxboro Co
Frank Strab
FreentSu
Fulton i
Fulton
Ptal
Minh Lew
Cha
Tatef
rongeRk
Enosak
Dow Jones
Et Music
Abbett Lab
Sperry Hut
Eltraco
Abe Ag
Bonn
Emer
S . Archer
Veressrse
Pockard Bey
Sacmon
Ad Industries Colertr
Ete
Ui Ug
Fie
Alberto Cuiv
Aba Ag
EthviCa Ove
Paperceil
Slontver
Alteg Cp
Geceins
VAL
porkeDov
Ms & Alles
Aguic
Wilson & Co
PennDixie
Sperry
Sid Pennf
Fae Alliedstr
CenlSoya
Penney
Us Pest Allied St Pfé ‘Terre
FairCom
US Steel Oo
Eeing
Riedy
Pennsalt
Stoke VC
Allied Sup
Certteed
Fair Hin
Vornado
Pennsit
Senate
Alia Chol
Fairmont
Inet Acter Iy
Tysler Ees
Chomp
Fawick
Tel & Tel
Stapecetedea
NCH
Supuitiga Amerace Ib Chase
Fedders
Lae Ee
Pennzoll
Sulprop
Amerodo
Checker Mol
FedMog
PeopGas
SuCrest
Ameren
FedPoc Elec
Pepsico
Mogmot
Eater Sunosco Am Raker
Ches Oh
Doaker Pic
Faggnavox
Chesebrow
Sunbeam
Bosch
Sundsind
Fibr Co
Houdin
Philo Elias
So Tpriel Phn Switt Co
House
Margcem
INA
PHNEL
AmCom
Chianwest
Firesine
Doust
MarshField
Pale
Plex SymWay
Consm
Chiany Pf
John Oy
Martin Mor
Phhel Place
nCredil
ChiPay
Psinger
towmetCp
Td Cup
Bele
Ye Pat Rdig
Rattard
mCrySug
Poe
al Feven
Sobo& ludBoy
Masonite
Hte PhilMore
Tacot Meyar
St Mays
Texas
Material City
Pittston
BMG nigerRaond
Alond Sd
Mat Hough
Mel Texosinst
Inferco
Mckee
Am Snel’ Jo Opal Ak Ses Interikst
Ele USA Ti' AmSottr
Coenen Tie IntEusm
McLeuin
McNeil Cp Ib Ag
Colgr
McQuay
PSEG
ArmSugar
Collinatk
Samsk Pls
IPE Mwe Mead Cp
Gomsk Pie
Pockers MelvShoe
CBS
Merek Ida
Meredith
Pullman
Colic
MerrChop
PurexCp
Sabmpex Cp CorsoOh
Mestam
Fak & Sa
SA Tron
Tata Imert
MGM
Genbone
iniBaker
Midapipe
Apco Oil
Comwal
Inter Me
McOnitel
rchDon
Comsata Cig
TB Vey Imimoify
Acota — Ag
McOne Biz
RCA Bbrk- Pov
Conemiti
Interspww
Midsoui
Rolston
Sir Teongolm
CIA
Gendynem
Lowree
Uae
Midrpia
Raybesios
Agoura
Royette
Miehlegd
Raymond
Armsck
Cone Pice
Gfireptg
IsserKeeth
Revonler
BO Weinin
Geninsie
Eading
Lmissa Cp
Reed Ink
Genpcem
Jewel Co
Miss River
Jim Welter
Wlu
Enon
Jim Wit
Rellanel
Batre
Egisok
Pubur
Republic Co
Ata She
Tal Uncer Ph
Ee EL Pia Pba
JohnMen
RepCorp
Sig
Mobo
Renubind
Johns Sv Lda
Mohosco
Ae Fronson
Rene Do
Unemwrara
Orgensen
Cooper Ind
KolsCem
Rheingold
Riou
Ileal Security
Gillette
I RiegelPop Ag
Indus
Balt GE
Copnesil
Gimbel
KC Sound
Riegel
Uni
Ginn Co
Murphy
Cerna
Ais
Gsidden
Kayser
Jose Maid NI Basle Inc
Coronet
Gioceuny Ata alKeeberie Oo
SolesMig
Comtes
Habe
Keller Ind
Bothiron
Coxedcas
Goodrich
Kellegg
RauschLd
Crone
Gaxouyr
Kelsey
axtrLab
Crescent
GouldBot
Kendall
GraceCo
Encay
Elm Dist
Cramp
Bob KernclLd
CrowCol
Kerrtic
Schon Cerner Oa
Groner
Gudong Pr
Kinneyns
Ranse Ae Commins
Kinney
Gt Viest Fini Klia Alrlines Ofa acunaDrig
Sug
Keehring
Curtis
GreenGot
Kopery
CorPub
GreenRi
Ze West&Co
Vonical
Latrobes
Nevada
DelPowLt
Lear Steg
Scient Data
Vel Vorion
LedsNor
MENQT
Scottfore
Vendo Co
Helck
Ide Leeson
Scott Poper
Willeior Ead Robbieak
Harper
Deargy
Hallibud
Scovillm
DeSctech
Alam Water
Keonaran
Rysieg
Ti Tsifseovein
St Corp Fe Ica
Orp Berstn
Bama Hose Tai
Bonarcy
Wailler
Bronitf
Lionel Corp Norrisind
Mlb Mia
Walworth Co
Itiggss
Lionel Cp
NA Avio
Ward Foods
Ada Or Pepper
Hot Carp
NoAmCar
Val Ward Fds
Dodgetar
WornBra
Nya
ShellTra
Town Co
Ayex
Lockhda
Donnelley
Haseltine Cp Loews Theol BwnCo Pfl.s
VT Doug Air
Heclom Tite Nor Ind PS
Ag ShellerGib Wi
Iacas WickesCorp
Norngos
Helier
WornPic Soa Wilson Co
Heinz Hy
DoverCp
WarLam
Hele A. Ae
Lanesgo
Nspw
Sheek Ammaw
Td WittoCh
Ob Witcoc
Prabs
Tay Ag Budg i Dreyfus
Ollare i Northrop
Hershch
le Northrp Ptwl
Pg Zima Tie
Woolworth Itad
Beckystrs
Norwich
Skelty OW
Welbill
Moys
Rail
oo _ Wurtitzer
Ie Gay Burndy
duPort Pfa
Segaane
Luslow
NuTane
BVD
Hilanin
Xerox Corp
Tony
Nlonieemis
I Aste Socoro
Heith
Sal Walrad
Dove Corp
Ibis
Zenith Red
Eea
Thomasvi
Operon Sea
Robericont i
Vinewar UiIl Wi
Tideo Ptt
Tim
Tobin Pack
Peewee
Eave
Vetunlt
Vie Wisi
Robin AH
Natcochem
Rochge
IUS
Borax la
NalcoCp
Mir
Varustars
Rock Ltd
Val US Frgt
Nat Aero
ayDur
Wius Steel
Pido Us
Safeway
Univ
Amer
St. SonFron
Songame
Sofcori
Schentey
Schentey 1A ‘ Pm A Ahs Ai Neliner Bros '4 ‘Ast Ate — Tal Schnley
Neptune
Business Mirror
John Cunnief
Amana Tha Foe
Marrs Aart
Italy
Ethiopia
Far East
WPA
Civilian Conservation Corps
Ragged Men
Gulf States
Deny Berkyer