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Charleston Gazette in Charleston, West Virginia

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Newspaper

Charleston Gazette

Location

Charleston, West Virginia, United States of America

Date

Jun 15, 1967

Page

4

Stock Market Pauses After Six Day Rise

New York stocks eased after six straight advances as trading slowed and the Dow Jones average edged down. The Associated Press average, at about 10.45 million shares, showed declines in utilities and rails while industrials held near session highs. Investors weighed profit taking against a still supportive mood for equities amid mixed news.

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Market Misreads and Mixed Converts After Israeli Victory

The market showed a general decline with the American 46 index yielding to losses after a large mutual fund sell order and tax season effects on convertible bonds. Broad declines followed a prior show of strength, with several brokers citing leverage shifts and backtracking as the end of six month holding periods approached.

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Also Mentioned on This Page

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