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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Mar 11, 1967

Page

12

Stock Market Hits Second-Highest Volume in History

The market rose on heavy turnover as President Johnson asked Congress to restore the 7 percent investment tax credit. The Dow Jones industrial average closed up 4.35 at 848.50 after an initial surge and broad gains led by machinery, airlines, and railroad equipment. The day featured heavy early advance, then profit taking, with 774 issues up and 472 down on the NYSE.

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Pound rebound seen despite long-term strains

Analysts note Britain’s pound has steadied after a summer crisis as import debt repayment improves confidence. Currency strength remains relative and Britain’s role as banker depends on avoiding a devaluation that could disrupt international trade and relations.

Britain

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