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Decatur Daily in Decatur, Alabama

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Decatur Daily

Location

Decatur, Alabama, United States of America

Date

Dec 31, 1971

Page

3

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.

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.

New York New York Stock Exchange

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