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Prices Rise on Labor Developments Stock Rally Pauses
The Dow Jones 30 climbed 6.49 to 864.92 after early gains as rail and steel stocks rose on a settlement avoiding strikes. U.S. Steel announced price hikes amid inflation worries. Lockheed gained on a government loan guarantee, while ITT agreed to divest operations over $1 billion in annual sales. Big Board volume neared 12 million shares.
MENTIONED IN THIS ARTICLE
New York
U.S. Steel
Bradbury Thurlow
Hoppin, Watson & Co
Thurlow
Lockheed Aircraft
Senate
Lockheed
House
International Telephone & Telegraph
ITT
Justice Department