Blue Chip Strength Lifts Dow as Investors Cite Mixed News
The Dow Jones Industrial Average climbs 7.18 to 778.89 on moderate volume, led by utilities and oils while concerns linger over September production, Chrysler cuts, and a General Electric stoppage. Major indexes rise with mixed earnings and short covering adding momentum.
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Petralone Taf Ism
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Merodo
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Robert Conl
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Pension plans weave into national fabric says editor
The piece notes rising private pension funds now exceed 100 billion dollars, with total national pensions growing far faster than two decades ago. It cites Johnson style proposals for higher monthly benefits and observes pensions and Social Security shaping worker expectations and corporate fringe plans.
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AP Business News
NEW York
Steel Output Dips Slightly for Week
The American Iron and Steel Institute reports a minor decline in steel production for the week ending October 16 to 2,607,000 tons from 2,633,000 the prior week. Year to date output stands at 106,56,000 tons versus 108,042,000 the same period last year, with regional indexes listed for the Northeast to Western areas.
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Total
Insurance Stocks Report From Carreau Braith Inn
Insurance stocks quoted show Aetna Life Providence Conn Gen Life Hartford Fire Home Insurance National Fire and Travelers listed with bid and asked prices. Figures include QF and QJ classifications with percentages and yields. data reflects market activity across multiple carriers.
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