Market Slides After Turbulent Tuesday Trading
Stocks rose early on a snappy Listock market but failed to hold gains, marking a fourth straight daily loss. Volume ran 13.63 million shares, with the Dow Jones Industrial Average ending lower as prices softened. Analysts cited a Mills statement as a factor in the weakness.
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New York
Dow Jones
Ae Vey Aucuen
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Wilbur i/D. Mills
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House In Ways and Means Committee
Rally Fails to Hold and Market Caution Rises
Mills warned that if the surtax bill passes investors face a second year renewal risk while a failure to pass could threaten the dollar gold pledge. The SEC warned brokers of possible disciplinary action for delivery failures as trading halls aim to ease back-office paper work. The AP average slid 0.2 to 239.4 with mixed sector moves and utilities rebounding in late session. U.S. Savings Bonds sales in West Virginia totaled 4,571,770 in April, up slightly from last year, with four-month 1968 totals at 17,925,437, down from 18,547,453 in 1987.
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