Wall Street News: Market Slides On Inflation Fears
On the first day of Phase 4 trading, stocks fell as inflation worries and rising rates weighed on sentiment. Dow Jones 30 down 7.52 to 884.86 at noon. overall market breadth weak with more decliners than advancers. Amex volume leader Brown-Forman B down 21 percent. notable movers include AT&T warrants, Occidental Petroleum, Goodyear, and Deere Co. unchanged. The Dow and broader indices ended lower as investors remained cautious amid persistent price pressures.
MENTIONED IN THIS ARTICLE
New York
American Stock Exchange
Brown- Forman B
Amex
New York Stock Exchange
American Telephone & Telegraph
Occidental Petroleum
Goodyear
Deere Co
Decatur Market Figures and Commodity Prices
Decatur market listing shows cotton at 20.45, cottonseed at 40 per ton, Grade A milk 6.55 per hundred, manufactured milk 3.20 per hundred, soybeans 7.22, white shelled corn 3.15, with various ratios and fractions noted. Listings include miscellaneous items such as wood and soybeans, though some text is garbled.
MENTIONED IN THIS ARTICLE
T&t
Jostens
Kayserr
Kellogg
Kraftco
Xao Ave
Kresger
Kroger
LearSieg
Macy
Va McDond
MeadCp
Nabisco
Nt Steel
Ee Aee NL Ind
NorfikWn
Norris
NoAmPhil
Eaves Nngas
Estes
Northrop
NwstAkt
NwtBnc
Norton
OtisElev
Owenill
PacPetri
PacPw
PanAm Air 212
Panep
Pasco Inc
Pennzoil
PepsiCo
Phila
Pullman
Vika Va
ScottPap
SmithKline
SonyCo
SouthCo
StBrand
Stevens
StuWor
Sunot Ib
Ee: Iy
Telex Cp
Tenaco
Texaco
Texasgif
Timlin
Unocal
Air
Univ Ol Pa
UV Ind la
VendoCo
Bla Sa— Vetco
Waepw
Wachova
Warn
Lwaswp
Te We
Wadirl
iWiliams Co Tl
Xerox Co
ZaieCorp
Associated Press
Over the Counter Securities Prices Reported
NASD quotations reflect interdealer prices as of 10 a m and through the day. Prices exclude retail markups markdowns or commissions.
Mortgage Rate Boosts Another Sign Of Times
Robert and Rafael Brache of Mt. Kisco New York face rising borrowing costs as New York State allows higher mortgage rates, with their current home loan at 7 percent and car loan at 9.14 rising to 10.54 percent. They note the burden of interest, while banks blame higher rates for both costs and investor returns, and the Braches seek tax deductions and more equity as rates climb.
MENTIONED IN THIS ARTICLE
NYT
New York
Robert
Rafael Brache
Mt. Kisco
N. Y
Mahopac
New York State
Bra
Washington
Rafael
Braches
Westchester Community College
Preparation H Shrinks Hemorrhoidal Swelling Infected Tissue
Doctors report a remarkably successful nonprescription medication that reduces swelling in infected hemorrhoidal tissues and provides hours of relief from pain and itching. Tests indicate effectiveness in many cases using Preparation H in ointment or suppository form.
Also Mentioned on This Page
Addisso
Admiral
Alcoa
Airlin
Asmir
AmStand
At&t
Amt&t
Ampex Corp
Anacon
ApecoCp
Armcos
ArmstCk
AshdOil
Asdorg
BethSt
Hockhr
Boeing
Boise Cas
Wa— Borden
BroWar
U Briston
Brit
BucyEr
BuddCo
Bulovaw
BunkRa
Buri
BuriNor
Burrohs
Cal Finance
Cessna
Va Chinneut
Chris Craft Ad
Chrysir
Clark E
CBS
Air Lin
Wees Crown Cork
E— Dennys
Ewes DiamShm
S— Dillon
Harthk
Hev
Ber Getty O
Gillette Global
Goodrich Goodyr T Grace Grantwort
Gramma Gulf Oil
Honywil House of
Hous
Howmet
Haiburt
Harris Tnt
Eldrn Syinn NySg .Wewmestak
DowChem
Bressin
duPont
Seion East Air
Exxon
Idaho
IdeaiBas
Mids
Minnmn
Minnp Mobile Mohas — Monsani AontDut
Indus
The
Ind. Rails
Wall Street
Canada
Decatur Markets
Decatur
Alabama Bancorporation
Alabama Tenn. Nat’! Gas
America Allied
Central Bank
South
First Alabama Bankshares
First State Bank
Inter Financial Coop
Jack's Food System
Kentucky Central
Liberty National Life
Life of Alabama
Mutual Savings Life
Protective Life
C.1
Guaranty Federal
S & Loan Association
East Moulton St
Decatur, Alabama
Rafael Braches
the Elephant
4Th Ave
S.E
America
Southern Railway
Southern
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