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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Jan 13, 1968

Page

12

Market Follows Pattern Amid Mixed Stock Activity

New York markets continued a pattern of rising most issues while averages fell due to blue chip weakness. Trading remained active with 13.08 million shares, 762 issues up and 527 down on the NYSE as investors eyed merger rumors and rate trends.

New York Travers Dow Jones Commerce Department New York Stock Exchange Associated Press Standard & Poor Continental Air Lines Fen Alden Schenley General Time Grumman IBM Yose Armour Advanced Wiestock Lone Star Gas Advanced General Electric International Telephone A Goodrich General Dynami Raytheon Wiineis Central Owens-Tlingis U.S. Treasury

Year of the salesman seen in 1968 business year

John Cunniff reports from New York that 1968 may test American salesmanship as consumers grow more discerning. Retail gains are uneven and some industries show weakness. executives plan campaigns to sharpen promotions and focus on fundamentals. Betty Furness notes the consumer voice grows stronger and informed buyers expect facts. William Luneburg warns dealers they face a historic sales challenge to overcome wait and see attitudes.

New York America Zip Betty Furness Miami Beach William Luneburg American Motors Corp

Teledyne Seeks Packard Bell in Proposed Acquisition

Teledyne Inc of Hawthorne eyes buying Packard Bell Electronics in a proposed dealExchange involves one Teledyne share for 749 Packard Bell shares Packard Bell has about 1,030,733 shares outstanding and nets $33 million in annual sales Teledyne's bid follows other potential acquisitions and requires approvals from directors shareholders and regulators Teledyne also plans to acquire a $5 million Packard Bell convertible note from Marathon Securities with a three year $8.5 million note convertible at 51.54 a share

Teledyne Hawthorne Packard Bell Rodney Metals, Inc New York Edgecomb Steel, Co Philadelphia Landis Machine Co Waynesboro

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