Market Ends Session With Moderate Gain in Fairly Active Trade
New York stocks closed higher on a day of mixed action as traders weighed Viet Nam peace news and mixed earnings. The Dow rose to 873.28, the S&P 500 edged to 90.91, and the NYSE index climbed to 49.81 amid 894 million shares traded.
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Ideal
Government cooperation could ease federal task burden
John Connor former secretary of commerce now Allied Chemical executive argues cooperation between business and government works better than heavy legislation. He cites delegating authority to corporate leaders and voluntary restraint on dollars abroad as a successful approach to balance of payments and public programs.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
John Connor
Allied Chemical Corp
Washingon
Washington
Conner
Connor
Electricity Output Up as U S Generation Falls Short
Edison Electric Institute reports total domestic electricity production for the week ending Saturday at 22.216 billion kilowatt hours, down from the prior week’s 22.654 billion but up 7 percent from last year. regional gains vary with the Southeast and New England leading. Also notes German housewives plan to picket for lower food prices.
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