Market's Technical Rebound Continues for the Second Day
The stock market extended a technical rebound for a second straight session amid mixed gains and profit taking. The Dow rose 1.85 to 809.23 as activity slowed to 9.77 million shares. notable movers included Teledyne and Litton, while Kresge and Moore & McCormack saw large blocks traded. The AP index averaged 307.9, with mixed signals from industrials and utilities, and analysts pegged a possible rally target near 835-865 for the Dow.
MENTIONED IN THIS ARTICLE
New York
Asia
Bow Jones
Bache & Co
Teledyne
Litton Industries
Sperry Rand
Occidental Petroleum
Gulf & Western
Republic Corp
Moore & McCormack
Krestie
S. Kreste
Kresge
Glen Alden
New York Stock Exchange
Associated Press
Vietnam
North Korea
Commerce Department
United States
Standard & Poor
Newton D. Zinder
E.F. Hutton & Co
Priest
American Stock Exchange
Botany Industries
Compadyne
Wyle Laboratories
Data Processing
Susquehanna
Zapata
Wall Street Shows Mixed Trading As A 1958 Session Winds Down
NYSE and broader market activity reflect a choppy session with numerous blue chips moving in varied directions. Traders assess earnings, dividend yields, and sector rotations amid renewed volatility, while several large industrials and consumer goods names register modest gains or losses.
Frontier Oil Husky merger pact finalized in Denver
A final merger agreement between Frontier Oil Co. of Denver and Husky Oil Co. of Wyoming was signed. The combined firm will operate 1,500 retail outlets across 17 states and five Canadian provinces, with refining capacity of 46,000 barrels per day. Trade names Frontier and Beeline will be retained.
MENTIONED IN THIS ARTICLE
Denver, Colo
Frontier Gitco
Husky Oil Co
Iady, Wyo
Frontier
Beeline
Nielson
Canada
Nielson and
Roak
Husky
Dakotas
Utah
Washington
Idaho
Colorado
New Mexico
Arzona
Freight Traffic Up 2.4 Percent From 1967 Week
Washington AP Freight traffic on U S railroads rose 2.4 percent in the week ended Feb 1 to about 13.5 billion ton miles from 13.2 billion the year before. Loaded freight cars totaled 504,136, up 0.4 percent from the prior week and 0.9 percent higher than the 1967 week. Piggyback loadings reached 25,188 cars, up 19.2 percent from the corresponding week last year.
MENTIONED IN THIS ARTICLE
Washington (Ap
Association of American Railroads
Greyhound Seeks 86.4 Percent Stake in FWD Corp
Greyhound Corp said it has an option to acquire 86.4 percent of FWD Corp with about 591,458 shares valued near $6 million on the Midwest Stock Exchange. FWD, a Sd year old firm originally Four Wheel Drive, makes all wheel drive trucks and other service vehicles.
MENTIONED IN THIS ARTICLE
Chicago
Greyhound Corp
FWD Corp
Clintonville
Wis
Midwest Stock Exchange
FWD
Greyhound
U S Gypsum to Acquire Fibersin Plastics Group
U S Gypsum Co announces a $3.115 million deal to acquire Fib eresin Plastics Co of Oconomowoc Wisconsin and its affiliates for 44 500 Gypsum shares. The target will operate as a Gypsum division.
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Chicago
United States
Gypsum Co
Fiberesin Plastics Co
Qconomanoc
Wis
Gypsum
Oconomewne
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