Market Rescue Sparks Sharp Transitory Rally
A brief market upturn ends a downtrend as prices rebound amid 1M gains and a 14- to 144-point rally, signaling temporary relief for traders. Investors chase quick profits before a potential new turn in momentum.
New York Stock Exchange D J Average Rallies On Peace Talk Hopes
The Dow Jones industrial average rebounded from midday losses on news of possible Vietnam peace talks, but gains lacked follow through. Volume rose to 9.9 million shares as some glamour stocks recovered while many issues declined. Dow ended up 0.92 at 826.05.
MENTIONED IN THIS ARTICLE
Vietnam
United States
Wall Street
Dow Jones
Standard & Poor
Federal Reserve
Europe
Dow
Sperry Rand
Occidental Petroleum
Control Database
Chrysler
Scientific Data
First Charter Financial
Hooker Chemical
Magnavox
Avco
Teledyne
IBM
Burroughs
Coca Cola
Corning Glass
Honeywell
United Aircraft
Goodrich
Allied Chemical
Homestake
Dome Mines
Renouet
Sunshine Mining
Callahan Mining
Hecla Mining
United Park City Mining
U.S. Treasury
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Abbott
Sinclair
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Suecapes
Soolinar
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Johnson Mfg to be Acquired by Leesona in Chippewa Falls Deal
Leesona announces in principle agreement to acquire Johnson Mfg Co Inc of Chippewa Falls Wis. The deal involves an exchange of stock and completion depends on favorable IRS ruling and other conditions. Johnson Mfg Co produces plastic extrusion machinery.
MENTIONED IN THIS ARTICLE
Leesona Corp
Johnson Mfg. Co. Inc
Chippewa Falls
Wis
Johnson
Litton Industries
Bionetics Research Laboratories Inc
Falls Church, Va
BRL
Rheem foresees overseas growth under government controls
Rheem G Co now a City Investing subsidiary predicts continued overseas expansion despite current U S controls on foreign investment. A Lightfoot Walger says Rheem is well established in many countries and growth is funded locally. Annual report shows record sales and 64 plants in 28 nations. Litton to acquire Bionetics Research Laboratories in a stock swap. Milton Bradley approves 1 for 1 stock split and re-elects 11 directors.
MENTIONED IN THIS ARTICLE
New York
Rheem Fg. Co
City Investing Co
A. Lightfoot Walger
Walker
Rheem
Foreign Exchange Rates in New York Summary
Foreign exchange rates in New York show various currencies quoted against the dollar. The report lists Canada, Australia, Belgium France Germany Holland Italy Norway Portugal Sweden and Sweden with bid and ask figures in several decimals.
MENTIONED IN THIS ARTICLE
New York
Oreign Exchange
Canada
Australia
Telgium
Fermany
Folland
Taly
Lira
Lorway
Ortugal Escudo
Weden
Krona
Wategelana
Lenmark
London Stocks End Mixed on Thin Trading Amid Mixed Results
The London stock market shows a tepid advance in some industrials and weak spots in others as traders digest mixed company results. High lights include RCA, Uniroyal, Kinney, Kroehler and Krover postings, with broad indices fluctuating and value bets shifting across sectors.
Brass Contract Talks Resume With Union Ahead
Bridgeport Brass and United Steel Workers Local 2441 plan to reconvene Wednesday after a prior meeting. The firm raised mill product prices by one cent per pound, citing copper premium costs due to a copper strike, not labor costs. The 1,500 hourly workers union contract expired Oct 1 and remains in force with a 10 day notice to terminate.
MENTIONED IN THIS ARTICLE
Bridgeport Brass Company
Drass Workers Federal Labor Union
Local 2441
Joca Ynion
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N. Y. Stock Exchange
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Keebler
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Milton Bradley Co
London
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Kinney Pf
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