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Bridgeport Telegram in Bridgeport, Connecticut

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Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Oct 04, 1966

Page

15

Dow sinks to new low as market suffers steep loss

The stock market slid on Monday with the Dow Jones Industrial Average falling 16.26 points to 757.96, its lowest close since December 24, 1963, amid broad declines across major issues and renewed anxiety on Wall Street.

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Business leaders wary as investment tax credits face suspension

An mood of bitterness and doubt surrounds many businessmen over the possible removal of investment tax credits. Industry leaders including Henry Ford II and Frederic Kappel weigh the impact, with mixed views on fairness and effectiveness. Bank and insurance stocks show varied responses amid anti inflation measures, while consumer spending remains strong.

Cunniff AP Business News New York Henry Ford II Ford Motor Co William Murphy Campbell An Jouupee Chamber of Commerce of the United States Chamber LBJ Ilmoves American i Telephone & Telegraph Cor Frederic R. Kappel Beyjyond s!Chamber of Commerce Lal Industrial Conference Board University of Michigan Johnson Ha Mi

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