Stock Market Ends Mixed After Early Gain
New York AP says stocks backed away from an early gain on Monday as investors faced rising interest costs and inflation fears. The Dow gained modestly to 979.3, while the broader market drifted lower. Volume was 15.8 million shares with 703 advances and 688 declines. American Telephone fell 1, General Electric down 1.4, General Motors down 1.4, and U.S. Patent 7? The article notes renewed fears of further rate hikes by the Fed amid inflation concerns and potential Nixon administration actions.
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NYSE Stocks See Mixed Activity on Big Board
Active trading showed eight of the 15 most-active issues rising while six fell, with Travelers unchanged on a large block sale. American Hospital Supply led volume at 267,800 shares, boosted by 226,800 at 30 1/2 crossed. The report covers market action across NYSE listings including many named firms and price changes.
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Price Trend Shows Decline in Wholesale Index
The Associated Press notes a weighted wholesale price index for commodities fell to 164.40 after a prior reading of 1559p 6405, with year-ago figures around 1968 and 1966 values. The table lists OKRA Lonata ian and several related indices ranging from 159.62 to 189.04, with 1928 as the base 100 average.
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APY
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Markets At A Glance In New York Trade Rise
Markets for stocks moved higher in active trading with wheat and hogs showing little change. Leather and other commodities traded lower as liquidations persisted. Beef and cattle receipts noted. Continuous market shifts reflected a cautious tone amid fluctuations.
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