Wall Street Bets on Tax Credit Revival Amid Rally
The market rose late on news President Johnson would seek Congress to restore the 7 percent investment tax credit, with airlines leading gains as Dow adds 83 points to 844.15. Airlines Eastern, American, Pan American, and United rose while rails lagged. volume was heavy on both NYSE and Pacific Coast exchanges.
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Unclear Stock Ticker List From Old Newspaper Page
Fragmented OCR shows stock quotes and company names across an East Coast market page. Includes prices, tickers like Baker, Jewel, ConElecind, JapanFd, Kroger, GenPrec, and various abbreviations. no cohesive narrative or clear event.
Market Barometer Snapshot Amid Broad Stock Movements
The market shows a mixed session with notable moves in HI8 and Mantasco while Lyngen and Ver nilion bonds rise. Major equities such as Coca-Cola, IBM, and General Electric display varied results with many leading names inching higher or lower amid shifting investor sentiment.
Tax battles loom as Congress considers credits and surcharges
The Johnson administration weighs reviving the investment tax credit and delaying or altering the income tax surcharge. The credit was suspended until 1968 and could be reinstated easily. the six percent surcharge remains proposed but not enacted. Economists see strategic tax moves as the economy cools after a long expansion.
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