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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

Mar 18, 1967

Page

12

Market Weathers Profit Taking and Policy Shifts

New York market commentary argues if sluggish economy persists the discount rate may be lowered. Fed and administration favor easier money, while bankers split on rate cuts. Consumers hold savings while auto and appliance sales falter. April looms as a pivotal month for further credit relief.

New York Federal Reserve Federal Reserve Bank Fed Federal Reserve District Bank Chase Manhattan Bank Chase Detroit Washington

New York Stock Exchange Opens With Mixed Activity

NYSE piqued investors Friday as trading showed mixed results across sectors. Key names included SLAB, Dow Jones components, and several utilities stocks, with notable movement in Abex, StdBrdPt, and Canon Dry listings amid fluctuating highs and lows.

Dow Jones Hits New 1967 Close After Moderate Gain

New York AP reports the Dow Jones Industrial Average climbed to 869.73, a closing high for 1967, as light profit taking followed gains from earlier sessions. Volume reached 10.03 million shares with broad participation and gains led by Parke Davis and Martin Marietta among others while some leaders lagged amid mixed sentiment over Fed policy and the income tax proposal.

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