Stocks Decline for Fifth Week in Dow Dip and Quiet Trade
The Dow Jones average fell for a fifth straight week, down 7.59 to 826.50 as concerns over food prices and rates persist. S&P 500 eased 1.30 to 87.99, NYSE composite off .77 to 47.10 with 1,260 decliners to 490 advancers. Volume averaged 15.57 million shares daily, Friday at 13.32 million. Despite gloom, June trade surpluses rose, leading indicators advanced for the fourth month, orders rose, and unemployment eased slightly. Amex index fell 1.91 to 89.23, AP 60-stock average down 3.2 to 264.7.
MENTIONED IN THIS ARTICLE
New York
Standard and Poor
New York Stock Exchange
NYSE
Amex
Associated Press
New York Stocks Climb Amid Mixed Market Signals
Investors sift through a jumble of quotes as Far East and domestic drivers push prices in uneven moves. Leaders include Rovico, SabineR, Texaco and Texaco related firms with varied gains and losses reflected across sectors.
Sleeper Wave Forces Coast Guard Rescue at Pillar Point
A 50-foot rogue wave hit the fishing party boat Pillar Point near San Mateo. Captain Steve Morton, 26, suffered a larynx injury but radioed for help. Coast Guard helicopter crew and skipper Walt Jaffee aided operations, bringing Morton ashore for medical care while the vessel secured a safe harbor mooring.
MENTIONED IN THIS ARTICLE
San Mateo
Calif
Pillar Point
Steve Morton
Half Moon Bay
Coast Guard
Walt Jaffee
Morton
Jaffee
Anti-Nazi Demonstrations Reported in Northern Italy 1943
On this date in 1943 during World War II anti-Nazi demonstrations occurred in Milan Genoa and other Northern Italian cities as part of wartime resistance activities.
MENTIONED IN THIS ARTICLE
Milan
Genoa
Italy
Indifference of Some Jobless Cited by Snelling
Snelling and Snelling, the large employment service, cites a paradox between high unemployment figures and job reluctance. Offces report many openings in sales, engineering, data processing, and clerical work while a quarter of jobless reject every opportunity. Only 20 percent would relocate for better work.
MENTIONED IN THIS ARTICLE
Snelling
Snelling and Snelling
The
Employment Service
Allied Products reports sharp drop in second quarter earnings
Allied Products Corp. in Chicago posted net second quarter earnings of 412000 dollars or 23 cents a share, down from 1494000 dollars or 83 cents a year earlier. Six month earnings fell to 451000 dollars from 2861000 dollars, while sales for the quarter and six months declined from 79918000 and 150939000 to 57688000 and 115685000 respectively. President Lloyd Drexler cited slower economic recovery and said improvements are expected in the second half due to reduced textile losses and strength in Bush Hog agricultural equipment and equity interests. Bush Hog Kraus in Cedar Rapids is a subsidiary.
MENTIONED IN THIS ARTICLE
Chicago
Allied Products Corp
Lloyd Drexler
Allied
Bush Hog Agricultural Equipment Group
Bush Hog/ Kraus
Cedar Rapids
Conrac reports higher quarterly earnings and sales
Conrac earned 873 thousand dollars in the quarter, up from 790 thousand a year earlier, with per share earnings of 65 cents vs 60. Sales reached 21.954 million, vs 20.853 million prior period. Six month results show 42.963 million in sales and 1.610 million net income or 1.20 per share, compared to 41.143 million and 1.556 million or 1.17 per share in 1974. Turner Co. in Cedar Rapids is a Conrac subsidiary.
MENTIONED IN THIS ARTICLE
Conrac
Turner Co. In
Cedar Rapids
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