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Market Tumble Weighs Weekend Profit Taking In Wall Street
New York trading closed on a dull note as 458 stocks advanced and 446 declined with 23 gains and 15 losses for week’s end. Major movers included International Telephone up 2, General Electric down slightly, Allis-Chalmers up, Westinghouse Electric led gains among steel and metals amid a sluggish volume with 1.93 million shares traded. Dow Jones Industrial Average dipped 0.23 to 63.06 as news stayed light and merger talk stirred some activity on the American Stock Exchange with American Israeli Paper Mills debuting amid heavy orders.
MENTIONED IN THIS ARTICLE
New York
Read-Baker Packard Ing
International Telephone
Allisweek
Tors
idebaker-Packard
Westinghouse
Commerce Electric
Dow-Jones
American Stock Exchange
Associated Press
Silver Creek Precision
Universal MiScett
Wtil Ogden Corp
Creole Ferties