Market Holds Slim Gains On Mixed Dow Turnaround
New York stocks wavered in a mild correction as the Dow dipped to 55.12 amid overhead resistance near 860 while the broader market showed mixed results. Gains led by savings and loan stocks, with California Financial and Imperial Corp among active movers, yet many top issues fell on profit taking and inflation fears.
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Associated Press
New York Stock Exchange
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Great Western Financial
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Johnson
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Exchange
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fouziPorneia Es
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Bae
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de Coe
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Eheer
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Chase Manhattan Leads Bank Rate Skirmish in 1967 Market
In a clash among financial giants, Chase Manhattan Bank cuts its prime lending rate sharply, signaling a potential shift if rivals follow. Analysts weigh political and economic motives, noting Chase could gain prestige and deposits while others may have to lower rates to sustain loan demand as the economy cools.
MENTIONED IN THIS ARTICLE
AAG Holla
AIST
NEW York
Chase Manhattan Bank
Chase
Semeere Awe Guy GE Ae Chase
Federal Reserve
George Champion
David Rocke
Keller
Champion
SSS
Sande-Tan Brothers Ship Shelves to USSR for First Time
New York based wine import and expert firm Sande-Tan Brothers reports shipping its wines to the USSR for the first time since the Russian Revolution. The move includes both red and white wines as part of a broader easing trend in trade.
MENTIONED IN THIS ARTICLE
New York
UPI
Ivan
Sande- Tan Brothers
Uss.s.r
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