Record of Mixed U S Stocks Edged Down in Monday Markets
A broad market summary shows mixed results with many listings on the Amex and Dow indices. Notable movements include declines in several large caps and gains in a few technology and consumer goods names as traders reassessed valuations after recent losses.
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SCM Corp Earnings Fall on Startups and New Lines
SCM Corp reported third quarter earnings of 1.02 a share on sales of 460.95 million, down from 1.82 and 474.53 million, with net income of 9.7 million versus 17.72 million a year earlier. Chairman Paul Blicker blamed high startup costs from new electronic typewriter lines and weaker basic products.
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