Stock Rally Lifts Dow and Rails on Broad Market Move
New York stocks gained late Friday with the Dow Jones Industrial Average surging 7.83 to 867.13 its highest since December 5, 1963. Rails climbed 2.96 to 24.73 amid strong NY Central and Pennsylvania gains while Chrysler led volume at 129,800 shares.
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Wachob Named VP Marketing at American Telephone
American Telephone and Telegraph Co. announces the election of Robert M. Wachob as vice president of marketing succeeding Wellington Powell who retires. Wachob takes the new post promptly.
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UPT
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Union Carbide to Build Ammonia Plant in Texas City
Union Carbide Corp announced plans to construct an ammonia plant in Texas City Texas with a capacity of 250 tons daily. Output is slated to begin in the first quarter of next year and will be used mainly for internal consumption. Cost was not disclosed.
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Union Carbide Corp
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Freedom Crawl Across Berlin Barbed Wire
A 17 year old crawled through three Communist barbed wire barriers to the French sector of Berlin early Friday without being sighted by Red border guards, according to West Berlin police.
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Berlin
UPI
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Belgium studies long term credits for East bloc nations
Brussels reports Belgium weighs extending long term credit to East bloc nations to improve its balance of trade with Russia. The consideration reflects ongoing efforts to adjust economic ties amid Cold War trade dynamics.
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UPI
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New York Stock Exchange Selection Highlights
A brief note from New York lists selected works of ee American Stock Exchange nary. The item references market activity and editorial selections without detailing specific titles or figures.
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New York
Ee American Stock Exchange
Nary
Metal Prices Report From New York Market
Copper and other metals quoted with varied fractions and odds and ends. Prices include copper around 32.00 cents per pound and manganese at 12.00, quicksilver at 79.90, tin near 183.5, tungsten powder at 9.5, and zinc around 14,000 in a fast selling New York market.
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Prime Western
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Soybeans Hit Daily Upper Limit on Chicago Board of Trade
Soybeans closed at the maximum daily limit after a government crop report reduced evidence of supply. Wheat rose about 9 cents while corn, oats, rye edged higher amid buying by longs and commissions firms. Frost in Minnesota Wisconsin and northern Nebraska influenced grains.
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Chicego Board of Trade
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Longs
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Markets at a Glance Markets at a Glance
Markets at a Glance reports moderate trading with U S stocks higher and Midwest shares up while bonds show irregular movement. Grain futures in Chicago rise with wheat up and corn soybeans leading gains across the board in a general uptrend.
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