Late Stock Market Moves Show Banks Cut Rates and Big Bets
First National City Bank lowered its base lending rate to 5 percent. Large blocks traded include Matsushita Electric at 18 percent, United Aircraft at 29 and CBS at 46. Occidental Petroleum rose to 1158, Fannie Mae to 97, Benguet to 6, and Chase Manhattan to 58. Instrument Systems rose to 6, Financial General fell to 12, Charter rose to 34, Christian to 7, Syntex fell to 83.
MENTIONED IN THIS ARTICLE
First National City Bank
Matsushita Electric
United Aircraft
CBS
Occidental Petroleum
Fannie Mae
Benguet
Chase Manhattan
American Stock Exchange
Financial General
Charter
Christian
Syntex
Wall Street Moderately Up After Late Morning Dip
Wall Street trading in New York shows the Dow Jones industrial average rising 0.76 points to 889.83 at 11 30 am as advances outpace declines on the NYSE. Analysts note last minute 1971 buying and selling activity.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
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