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.
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New York
Travers
Dow Jones
Commerce Department
New York Stock Exchange
Associated Press
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Armour Advanced
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Lone Star Gas Advanced
General Electric
International Telephone A
Goodrich
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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.
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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
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Teledyne
Hawthorne
Packard Bell
Rodney Metals, Inc
New York
Edgecomb Steel, Co
Philadelphia
Landis Machine Co
Waynesboro
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