Market Closes Up Slightly After Early Gains Vanish
The market finished with a small advance as the Dow edged up 1.39 to 794.09 amid broad weakness led by Du Pont which fell 6 1/4 to 1601 4. Motorola also sank after analystd lowered earnings expectations, dragging down glamor stocks while Serum Rand and Laborat ory for Electronics paced modest gains. Overall volume was 631 million shares with 646 issues rising and 508 falling.
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DuPont
du Pont
Motorola
New York Society of Security
Wall Street
Sperry Rand
Standard & Poor
Associated Press
Fairchild Camera
Magnavox
Polaroid
Douglas Aircraft
Zenith
Eastman Kodak
Merck
Jersey Standard
General Electric
New York Central and
Pennsylvania Railroad
American Stock Exchange
Canadian Export Gas & Qi
Syntex
National Video 2
Zapata
Railroads face new era of rapid transit and jet trains
The article notes railroads shifting from long haul losses to funding rapid transit and short haul lines with billions in spending. It highlights projects in major cities including San Francisco, rail competitors like trucks highways and airlines, and next decade plans for jet trains and magnetically powered systems. It mentions Westinghouse estimates over six billion dollars to be spent by 1980 and urban transit districts forming to manage cross-boundary systems.
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AP Business News
NEW York
San Francisco
Westinghouse Air Brake Co
United States
Airlines
New York Central
Federal
Goviternmment
Detroit
Avis Plans to Extend Rental Rate Increases
Avis Inc says it will extend its car rental rate hikes to other major cities next year. The increases raised standard-size rates to 11 dollars a day and 11 cents a mile in Philadelphia Detroit ChicagoSt Louis and San Francisco from 10 a day and 10 cents a mile. An Avis official cited higher car prices insurance and interest rates as the main cause of the rise.
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