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.
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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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Lew Close Chey
Ae Orange
Ta Spartan Ind
M Teleporninda
Spartan Corp
Verages Oyliel Co
Dow Jones
Averag
Ind
Oxtdmiga
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Oxford
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New York
New York Stock Exchange
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Elgin Watch
Abbasi Lab
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AdMillis
Sid Kalls
Val SteOutind
Bond
Asionius
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Emparme
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Admiral
Mal Corp
Si Etielack
Pacswair
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Peckard Bell
Pon Am
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Gola Coe
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Benecont Allied Mills
Studebok
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Parke Davis
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Voet Inc
Amsch
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Federal Reserve Board
Johnson
Associated Press
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