New York Markets See Mixed Moves On Tax Debate
The NYSE quotations show a rally in some American stocks while New York bonds and aerospace issues lag or shed gains. Secretary Henry Fowler notes that tax increases remain unsettled as the market trims early advances and broad indices drift lower.
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New York
New ‘York
Secretary of the Treasury
Henry Fowler
Tax Note Snif Trading Moderate As Market Dips
Market trading was moderate as stocks wavered on Friday amid a muted session. Prices were mixed after a Thursday selloff with some signs of a possible rally, but gains appeared limited by state news and caution in the market.
New York Bond and Stock Market Report Highlights
A sweeping market update shows bonds and stocks in a volatile Friday session with the Dow dipping to 894.26 and Merck and Schering rallying while GM Ford Chrysler remain flat. FDA announces major rules for diet foods and supplements to curb misperceptions and improve labeling, with effects starting after a 180 day horizon.
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FDR Rules Fortified Foods Under Eight Vitamin Limits
Dr. Goddard outlines eight classes of fortified foods including cereals and iodized salt and fixes which nutrients and amounts can be used. He bans exaggerated shotgun vitamin sales and says changes in labeling will occur but common products may remain. Israel plans to export 1 million dollars in explosives to West Germany this year, per Adin Talbar.
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Food and Drug Administration
James L. Goddard
Food and Drug Commissioner
Goddard
Tel Aviv
Israel
West Germany
Adin Talbar
Commerce Ministry
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