Dow Jones Industrial Average Drops Friday
The Dow Jones industrials slipped from 880.32 to 865.06 as the market closed Friday. AP Wirephoto indicates a declines trend reflected in the chart caption.
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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jan 27, 1968
Page
3
The Dow Jones industrials slipped from 880.32 to 865.06 as the market closed Friday. AP Wirephoto indicates a declines trend reflected in the chart caption.
Commerce Clearing House notes Congress sent to the President a new law adding age to race creed color sex and national origin as prohibited job qualifications. The Age Discrimination in Employment Act covers certain employers employment agencies and labor unions affecting workers aged 40 to 65. The measure aims to secure equal employment opportunities regardless of age.
Cautious activity on Wall Street Friday as volume fell to 9.99 million shares. The Dow gained .81 to 865.06 after an morning rally with 755 advances and 494 declines among 1,464 issues. Positive sentiment about no full war and limited reserve callups supported buyers.
The closing averages show unchanged or small moves across market sectors. Dow Jones indices list 40 bonds at 76.44, 10 higher grade rails at 65.28, 10 second grade rails at 76.52, 10 public utilities at 80.36, and 10 industrials at 83.61 with minor shifts. The Commodity Futures Index stands at 142.36, up 0.05.
Metropolitan Life Insurance Company will sell Lot 26 in Westover Terrace Hartselle at public auction for cash on February 16, 1968. Sale proceeds cover the secured debt and foreclosure costs. subject to federal tax liens if any.
Chicago AP report notes butcher hogs and slaughter cattle advanced at the Chicago Stockyards last week while sheep lapsed. Trade closed Friday with hogs steady to 25 cents higher per hundredweight, steers 25-50 cents higher, and heifers up 25 cents. Hog receipts were 26,700 for the week, cattle 22,200, and sheep 900.
Chicago Board of Trade saw broad gains across grains as the Pueblo seizure by North Korean vessels triggered buying and short covering. Wheat corn oats rye soybeans all moved, with soybeans up two percent by week’s end and prices fluctuating after Johnson’s air reservist call.
Larry Ledbetter and Gary Cheatham were arrested around 9 30 p m Thursday by a four man Decatur police detail including Lt Frank Shafer Jr Bryce Long Almon White and C B Tutwiller. They went to a southeast Decatur house to apprehend a youth who escaped from Boy's Industrial School.
The article weighs options for freeing 83 American prisoners held by North Korea, including UN and Red Cross roles, third-country mediation with Indonesia and others, and possible Soviet aid. It notes Panmunjom contact drew a strong North Korean rebuke and suggests an apology and Pueblo surrender may be the only path to release.
In a U N council session Goldberg maps show Pueblo in international waters 16.3 miles from North Korea mainland and 15.3 miles from Ung Do island while North Korea insists a 12 mile limit. Morozov counters with war-psychosis charges and calls for US troop withdrawal. Diplomats note US aims faltering over Vietnam and predict limited action due to Soviet veto risk. The Pueblo seizure follows broader Korea tensions and unresolved Middle East issues persist.
AP reports Paul Goodman warns urban problems stem from an unfriendly approach to planning. He cites bulldozed buildings for highways displacing residents and failing to provide mobility back to the city.
The United States plywood industry produced an estimated 13 billion square feet of plywood in the last year.
The 1966 Warrants bear interest at 5 percent for maturities 1968 to 1974, 4.7 percent for 1975, and 4.30 percent for 1976 to 1995. Total outstanding principal is 1,485,000 dollars. Maturity dates listed on May 1 for each year follow. George H. Godwin, Manager.
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