Wall Street Looks Back At 1969 In Mixed Year Of Losses
Wall Street marks 1969 as a tough year for investors with stock and bond losses. Major blue chips such as Du Pont United States Steel General Electric and General Motors fell from 1968 highs. Bond prices hit record lows as rates climbed, while volumes declined and costs rose. Despite some late-week gains the market faced continued softness and economic caution heading into 1970.
MENTIONED IN THIS ARTICLE
Thomas E. Mullaney
New York Times News Service
New York
U. S
Wall Street
du Pont
United States Steel
General Electric
Standard Oil of
New Jersey
General Motors
Occidental Petroleum
Litton
Gulf & Western
LTV
New York Stock Exchange
Port of New York Authority
Treasury
U.S
Chrysler
Ford
American Motors
McCracken Sparks Brief Market Rally Amid Holiday Slump
Advances barely outpaced declines on the American Stock Exchange and Over-the-Counter market as Christmas week trading slowed. Paul McCracken signaled possible Fed credit restraint easing, lifting Wednesday's rally before momentum faded Friday.
MENTIONED IN THIS ARTICLE
New York Times
New York
American Stock Exchange
Paul W. McCracken
Nixon
Federal Reserve Board
Health code crackdown to trigger next week inspections
Morgan Limestone and Lawrence counties prepare for upcoming inspections as city clerks will withhold licenses due Jan 1 until restaurants obtain proper food handling permits. The prior crackdown closed one eatery and led others to remodel or relocate as compliance efforts continue.
MENTIONED IN THIS ARTICLE
Tri-County
Morgan
Limestone
Lawrence
Hawkins Named Fruehauf Veep for Manufacturing
Howard C. Hawkins is named vice president of manufacturing at Fruehauf Corp and will oversee plants in Decatur Harrisburg Avon Lake Delphos Westerville Ft Wayne Ft Madison Memphis Vista Mississauga Ont and other sites. He previously directed manufacturing and led the Ft Wayne plant for 13 years. Bruce M. Kirsten becomes executive vice president and general manager, and Thomas J. Reghanti is named vice president of sales and marketing.
MENTIONED IN THIS ARTICLE
Howard C. Hawkins
Fruehauf Corp
Decatur
Hawkins
Fruehauf
Harrisburg
Avon Lake
Delphos
Westerville
Ohio
Ft. Wayne
Ind
Ft. Madison
Memphis
Vina Vista
Calif
Mississauga
Ont
No Recession Foreseen by Economists in 1970 Forecast
New York panel of 11 economists from the National Industrial Conference Board projects a slowdown but no recession for 1970. GNP is seen near 980 billion dollars with 5.7 percent annual growth, yet real growth limited to 1.5 to 2 percent as inflation absorbs much of the gain.
MENTIONED IN THIS ARTICLE
New York
NYT
National Industrial Conference Board
G.N.P
N.I.C.B
Dow Antifreeze Price Increase Announced
Dow Chemical Co. unveiled higher antifreeze prices with bulk at 81 cents per gallon up three cents and gallon containers at 1.18 dollars per gallon up five cents. Effective dates are January 1 for spot customers and February 1 for contract customers, with all other container sizes rising by five cents per gallon.
MENTIONED IN THIS ARTICLE
New York
Nyt
Dow Chemical Co
Gardner plans $200,000 Jiffy's Shopping Plaza in Decatur
Frank Gardner, owner of two seven day groceries, announces a 1.2 acre, five store center on Austinville Rd SW near Sandlin Rd with 12,000 sq ft. Plans include a coin laundromat and a drive in restaurant. Construction to begin mid January with contracts in 10 days.
MENTIONED IN THIS ARTICLE
Winford Turner
Southwest Decatur
Austinville Rd
Sandlin Rd
Frank Gardner
Sevenday Groceries
Jiffy’s
Gardner
Danville Rd
Carridale St
Liquidonics Sells Major UMC Stake for 57.8 Million
Liquidonics Industries disclosed it sold its 50.4 percent stake in UMC Industries to Overseas International Corp. for 57.8 million dollars. The sale at about 22.25 dollars per share repaid short term bank borrowings used to fund a tender offer at 30 dollars per share last February.
MENTIONED IN THIS ARTICLE
New York
Nyt
Liquidonics Industries, Inc
UMC Industries, Inc
Overseas International Corp
S.A
Luxembourg
N. Norman Muller
Liquidonics
UMC
New Issue Market Retreats in Light NYT Week
The new issue market retreated again in light trading for the week ended Wednesday. Declines were not as widespread as in the prior period. Eleven companies made initial public offerings in the four business days last week. Four priced above, four below, and three unchanged from their original offers.
MENTIONED IN THIS ARTICLE
New York
Nyt
Chain Catalogue Sales Rise 8.3 Percent in November
New York based survey shows November sales of 26 leading chain and catalogue houses up 8.3 percent from 1968. For January to November, cumulative sales rose 11 percent, with annual gains ranging from 16 percent in January to 8.3 percent in August and November, totaling $3.114 billion versus $2.876 billion a year earlier.
MENTIONED IN THIS ARTICLE
New York
Nyt
New York Times
Miss Morrow to Retire as Bank Cashier
Hazel Morrow will retire from State National Bank in North Alabama after 43 years of service. She became cashier in 1963 and held prior roles including assistant cashier and auditor teller. A Columbiana native, she lives at 1519 Jackson St SE and has held leadership positions in local and national banking groups.
MENTIONED IN THIS ARTICLE
Hazel Morrow
State National Bank
Miss Morrow
North Alabama
C. W. Nelson
State National
Columbiana
Tennesseee Valley Business College
Decatur
University Center
University of Alabama
Decatur Womens Chamber of Commerce
National Association of Bank Women
Tennessee Valley
The
Bank Administration Institute
Sixteenth Avenue Baptist Church
Jackson St
Master-Slice tech cuts IC costs and complexity
Texas Instruments in Dallas unveils Master-Slice, a single silicon wafer housing multiple resistor diode and transistor units. The method reduces design costs to one tenth and speeds production for computers calculators and military gear. Patent 3,484,932 names Charles R. Cook Jr. as inventor.
MENTIONED IN THIS ARTICLE
Stacy V. Jones
New York Times
Washington
Texas Instruments, Inc
Dallas
Charles R. Cook Jr
Texas Instruments
Also Mentioned on This Page
Sao Poms
Congress
McDonnell Douglas Corp
RCA
International Monetary Fund
South Africa
Federal Home Bank Board
Savings and Loan Associations
Imperial Chemical Industries, Ltd
Great Britain
Wivelloa International
Carrington & Dewhurst
Westinghouse Electric
Bethlehem Steel
Standard & Poor
DOW Jones
Thurs
Jfmams
Jasondo
McCracken
By Alexander R. Hammer
National Quotation Bureau
Arvida Corp
Electronic Laboratories
Ryan Homes
Kaiser Steel
Clinton Oil
Devon Apparel
Lilac
Rochester
N.Y
Seven-Up
Warner-Jenkinson
National
Lintex
First National Bank of Boston
Citizens
Southern and Crocker Citizen
Hartford Fire
Combo Insurance
Connecticut General
Nortex
Up S
Gulf Oil
Texaco
American Telephone
Fruehauf Veep
Dow
New Issue Mart
Miss Hazel Morrow
Hermann Tempelhof
Curtailled
Establissements H. Tempelhof
Neuchatel-Serrieres
Switzerland
Massachusetts
Emmanuel S. Miliaras
Winchester
Miliaras
William Volk
Rutgers University
Volk
Princeton
Hydrocarbon Research Inc
Trenton, NJ
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