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Bridgeport Telegram in Bridgeport, Connecticut

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Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

May 14, 1966

Page

15

Market Anxiety as Auto Sales Drop Hits Stocks Hard

The New York market slid for a second day amid reports of a 15.4 percent early May decline in auto sales. The Dow fell 9.46 to 876.11, volume 8.99 million, with many blue chips retreating. Analysts noted mixed signals from production and consumer markets as investors sought a bottom to the decline.

New, York Wall Street General Motors Chrysler Ford Gardner Ackley Associated Press Wad Sas American Motors Xerox IBM Boeing Jones & Laughlin Anaconda Kennecott Union Carbide Homestake Dome McIntyre-Porcupine International Nickel Reynolds Tobacco Southern California Edison Republic Steel Douglas Aircraft Sears, Roebuck Roan Selection Trust Admiral Rose SCM Corp Texas Gulf Sulphur Collins Radio American Stock Exchange National Video Pyle National Audio Devices Flying Tiger Barnes Engineering Yose 534 Syntex

Market news brief notes rising coal prices and price pressures

A report from New York AP describes a broad set of market concerns as coal prices are expected to rise by about one tenth due to higher labor and material costs under the April UMW contract. Utilities remain the main coal customers and price hikes are anticipated to stick amid strong demand and broader inflationary pressures.

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