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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Feb 16, 1968

Page

18

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.

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.

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.

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.

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.

Chicago United States Gypsum Co Fiberesin Plastics Co Qconomanoc Wis Gypsum Oconomewne

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