Market Mix Boosted by Anaconda Stock Split News
The market edged higher in a Friday session with the Dow up 1.47 to 844.77 and Anaconda up 44 percent on plans for a 2 for 1 split and dividend boost. Volume neared 10 million shares as mixed earnings and auto sales dampened broader gains while blue chips lagged.
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New York Stocks Turn Mixed As Traders Scan Markets
A sprawling New York exchange page shows varied price moves across sectors with notable activity in tech and industrial stocks. Key entities include McQuay Copeland and Goodyear amid fluctuating highs and lows, reflecting a cautious Wall Street.
Housing Starts Rise as Skeptics Question Trend
New York AP reports that after a sharp January rise to 1,243,000 housing starts annually, analysts debate whether the gain signals a trend or a temporary rebound. Mortgage rates stay high, demand remains mixed, and government mortgage support continues to flow while war in Vietnam dampens buyer activity.
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Rover Car and Leyland Merge to Form British Vehicle Giant
Rover Car Co and Leyland Motors win stockholder approval for a merger creating Britain's second largest vehicle maker after British Motor Holdings. Leyland plans a five year modernization costing 168 million dollars with new factories at Coventry and Liverpool. Sir Donald Stokes warns costs must be kept in check amid Japanese competition.
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