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Bridgeport Telegram in Bridgeport, Connecticut

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Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Feb 17, 1968

Page

12

Market Declines on War Fears But Holds to Narrow Losses

Wall Street wavered as war fears capped gains and sparked a cautious session. The Dow fell 2.8 points to 836.34 after early losses eased, with 3458 issues traded, 735 down and 492 up, as conglomerates and tech issues led declines and volume reached 9.08 million shares.

Wall Street North American New York Stock Exchange Dow Jones IBM Xerox Polaroid Control Data Texas Instruments Consolidated Sperry Rand Yes Actics American Motors Tog Associated Press Standard & Poor Gren Alden Dow Chemical Safeway Stores Hp Y St. Regis Paper Uniroyal Boeing U.S. Gypsum Hecla Mining Procter & Gamble Cerro Continental Can Quaker

Profitship for GM's Australian Subsidiary

General Motors-Holdens Pty suffered its fourth straight 1967 earnings drop with profit down 2.33 million Australian to 20.29 million. Sales declined 20.38 million to 325.56 million. The United States parent dividend fell to 13 million from 14 million, net repatriation 11.05 million. Holden vehicle registrations and exports totaled 152.9 thousand, down from 158.7 thousand in 1966.

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Japan Auto Output Falls in January

Japan produced 275,141 automobiles in January, a 12.9 percent drop from December 1967, per the Japan Automobile Manufacturers Association. The decline is linked to fewer working days due to New Year holidays and a seasonal demand dip.

Tokyo Japan Japanl Automobile Manufacturers’ Association

Hershey Foods Corp Plans Diversification and Expansion

Hershey Foods Corp moves to a broader program of diversification and expansion. Harold Mohler and William Schiller say the company seeks acquisitions beyond foods and may expand at its Pennsylvania HQ, Oakdale California plant, or elsewhere.

Hershey Pennsylvania Oakdale Calif San Giorgio Macaroni Lebannon Delmonico Foods Louisville David & Frere Cory Corp Milton S. Hershey Lancaster Carmel Mohler Schiller

24 Hour Quote Service By Put And Call Firm

New York AP U S Option Corp announced its introduction of the first 24 hour quotation service by a put and call brokerage firm. A put is an option to sell and a call is an option to buy.

New York U.S. Option Corp

Hollinger Profit Up 2 From 1966 Earnings Rise

Montreal AP reports Hollinger Consolidated Mines 1967 earnings rose 70 percent to 11,642,165 dollars or 2.97 a share from 9,890,000 and 2.01 a year earlier. The gain reflects higher metal revenues and stronger market demand. Hershey observation noted potential diversification beyond foods.

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Also Mentioned on This Page

N. Y. Stock Exchange Aiuars Rand Hollinger
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