Additional Moves Seen For U S To Get Off Inflation Treadmill
The Nixon administration imposed a 60 day price freeze signaling shift toward Phase 4 of stabilization. Analysts and business leaders see need for broader monetary and fiscal restraint and stronger enforcement of price actions by major firms to curb inflation.
MENTIONED IN THIS ARTICLE
U.S
Thomas E-Mullaney
New York Times News Service
New York
Nixon
Washington
Market dips and cautious outlook on inflation policy
The Dow Jones average closed at 888.55 on Friday, down 31.45 for the week, as the Dow and the broader 60 stock average fell amid investor disappointment with President Nixon's price control measures. Analysts warn of slower growth, tighter credit, and uncertain prospects for inflation in 1973.
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Futures Liquidation Marks Nixon Controls Market Shift
Commodity futures at the Chicago Board of Trade fell after President Nixon announced 60 days of controls though earlier in the week most pits showed gains. Soybeans, wheat, corn, oats moved variously with mixed export demand and worries about new or extended controls affecting prices.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board- of- Trade
Nixon
New York Stock Exchange Week’s Trading Highlights
NYSE week overview shows mixed declines across major indices with Dow Jones Industrial Average posting a drop near 31 points and broader market indicators slipping. Trading figures list numerous stocks and bonds with varied gains and losses, reflecting a volatile week in equities and utility sectors.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Footnote codes explain dividend table annotations
The document lists footnotes for dividend rates describing terms like annual disbursements, stock dividends, liquidation, and ex dividend events, with letters a b c e h k n p z t x y and phrases indicating declarations, omissions, sales, calls, warrants, and bankruptcy related notes.
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