Rallies Fail Market Dips Amid 1970 Outlook
The stock market showed brief rallies but mostly fell, with the Dow dropping nearly 80 points in the past month and ending the week at 786.69. Analysts blamed tight money, waning profits, and year end tax losses as contributors to the continued slide. The AP 60 average fell to 266.9, the NYSE Index to 50.66, and the S&P 500 to 90.81, with 56.8 million shares traded.
MENTIONED IN THIS ARTICLE
Wayne Eisenman
New York
Monte Gordon
Standard & Poor
New York Stock Exchange
Market declines dominate as stocks slip on broad lower tape
The day shows 628 new lows for the year and 13 new highs. Of the 25 most active stocks on the Big Board, 21 fell and 4 rose. Five top NYSE shares moved lower with Litton Industries down 10 percent to 38. Gulf Oil fell 4 percent to 27.54, Occidental Petroleum down 5 to 22.34, Texaco off 4 to 28.50, and General Motors down 2 to 68.00.
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New York
UPI
Nasd Inc
Aberda
Grth
Inv
Pac
Cap
New York Axe Sci
Stock Exchange
Babson Py
City Invest Ae
Berger K
Sperry Rand
Blair
Litton
Comsaille
Bullock
Texaco
Occidental Pet
Griabp
Natal
Tel&Tel
GrinPa
Greyhd
PanAm
Grumman
Va Panndt
Guitm
Guifaw
Penney JC
AcmeMk
PennDix
Chase Group
Adresso
Pennpl
Bos
Admiral Cp
Air Pro
Morris Int
HeclaMn
PepsiCo
Pfizer
Canal
Hershy
Pheip
Coloni Aliegtp
Heublein
Philae
Mewlt
Philip Mor
PhilPet
Allied St
Hobart
Hoff Electa
Allis Chaim
Pse&g
Brest
Howmet
Idaho
Va Ralston
IdealBasic
Commonwlth Avenue
Ncenin
NCenin 1.14 28% 7 + “a Raython
KlinPower
Jima
RCA Corp
AMF
Imperial Cp
Reading Co
A&b
Ametcx
INA Cp
Amer Motor
NtGas
Amt&t
Se Romh
Va Cnsum
Anpex
Mit&t
American Exchange Corp Ldi
A Matek Corp
Armcos
The
American Stock Exchange
API
Cntry Arms
Jonny
Val Stroild
Se Sales
Johnin
StRegis
Ma Aerojet
Jon Logn
Se Sanders
AtRichaid
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Dela Fd
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As Jostens
Mu Sia
SaFind
VA Arklag
Delta
AvcoCp
BritPet
Drexel
Babaw
Kaiser al
Schium
Bundy Cp
Scmcp
Scott Papr Clary Corp
Eaton & Bath Indust
Sears
Sonata
BeatFoods
SheliOll
Howard
Beckm
Kenamit
Simns
Dixilyn Cp
Bendix
Mia
Kennett
al A
Singer
Elcor Chemei
Inc
Smithk&f
Equ Cp
Beth Sti
Eberst
SouthCo
Egret
Boeing
Emerg
Ford
Boise C
Kopper
Sou Pac
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Yaent Fo
Borden
Kratico
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Yel Kresge S
Equity
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Eater Bourns Inc
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Greer Hy
Essex
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Savared
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Stoici
Bulovan
Libby
Ohio
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Timken
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Colgate
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Owensc
Zayre Corp
Dow-Jones Inx
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Owentl
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Wat
EltraCp
EnJohn
Thyi Cp
Exceio Ie
Shee Faberge
Veactor
Faircam
Fairhill
Fairmont
Faran Be
Ferro Cp
Gennett
Gillette
Glen
New York Exchange
Litton Industries
Gulf Oil
Occidental Petroleum
General Motors
Financial market summary and fund quotes from Chicago weather
A dense listing of funds and stocks with prices and percentage changes across numerous fund families and market categories. Stocks, futures, and index figures are provided for investors, including fund groups and sector names, with notes on ex-dividends and daily moves.
Stock averages slide to new lows for the year
The market fell again this week with the Dow Jones Industrial Average dropping 9.84 points to close at 786.69 and the AP 60-stock average slipping 6.9 points to end at 266.9. AP wirephoto chart accompanies the report.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
Dow
Market Close Summary on Friday Mixed Bonds Higher
NEW YORK reports mixed stocks in moderate trading with U.S. government bonds higher in quiet action. Cotton futures rose while Chicago grain futures showed little change or small moves. Hogs edged up to 28.50, cattle steady to weaker, and sheep traded weak to mostly lower with top values near 28.00.
MENTIONED IN THIS ARTICLE
New York
UPI
U.S
London
Chicago
Cattie
Wall Street closes mixed amid thin volume and bonds steady
UPI reports Dow Jones industrials finish at 786.69, down 3.16. Rails and Utilities follow with losses. Treasury withdrawals and deposits for the year to December 9 show strong activity while internal revenue receipts reach 309.65 million.
MENTIONED IN THIS ARTICLE
New York
UPI
Dow Jones
Indus Pat Aides Ke Baer
Washington
Treasury
Standard & Poor's Indexes Hourly Friday Figures
New York reports Standard and Poor's hourly indexes for Friday with figures at 11 am noon and after, noting close levels for 425-Industrial 7 June 500-Stocks and related indices. The report lists prev close values and intraday movements across several points in time.
MENTIONED IN THIS ARTICLE
New York
UPI
Standard & Poor
Council Denies Transfer Of Tavern License
La Crosse Common Council refused to transfer Harold Vehrenkamp’s tavern license to Thomas Francis and discussed revoking two other licenses. The license is deemed dead. Francis is ineligible. A hearing is required to revoke or suspend licenses, with a Jan. 8 meeting to reassess code compliance by the Dec. 31 deadline.
MENTIONED IN THIS ARTICLE
la Crosse
Thomas Terry
Jack Edwards
Francis
Tausche
4Th and Pearl Sts
Terry
Vehrenkemp
John K. Flanagan
Edwards
Wehrenkamp
Flanagan
Kenneth Niedbalski
Judiciary Committee
Sylvia Porter Cancels Year End Tax Series 1969
Sylvia Porter explains she will not publish the usual year end tax planning series due to complex and unsettled tax reform proposals in Congress. She outlines five cautious hints: defer income where possible, shift income to 1970 for potential benefits, pursue 1970 tax breaks for singles, consider deferring moving expenses, and await clearer reforms. The piece notes a possible presidential veto and only 18 days remain in the year.
MENTIONED IN THIS ARTICLE
Senate
House
Nixon
Field Enterprises, Inc
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Sylvia Porter
By Sylvia Porter
Sen. Williams
Delaware
Sen. Long
Louisiana
Sen. Bennett
Utah
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Mills
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