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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jan 11, 1969

Page

8

Weekly Stock Exchange Review Highlights Mixed Movers Across Firms

A compact stock roundup shows diverse activity with several firms posting gains and losses. Notable entries include GraceCo, Gulf Wind, Greyhound, Halliburton, and Howmet among others, reflecting varied performance across sectors and exchange dynamics.

Automakers face antitrust suit over pollution device plans

The Justice Department accuses General Motors Ford Chrysler American Motors and the Automobile Manufacturers Association of conspiring since 1953 to restrain competition and delay pollution control devices. The suit seeks injunctions and access to patent licenses, while others are listed as nondefendants.

Washington The Justice Department Los Angeles General Motors Corp Ford Motor Co Chrysler Corp American Motors Corp Automobile Manufacturers Association California Thomas C. Mann Department of Justice Checker Motor Corp Kalamazoo, Mich Diamond T Motor Car Co Cleveland International Harvester Co Chicago Studebaker Corp South Bend Ind Kaiser Jeep Corp Oakland Calif Mack Trucks, Inc New York

Wall Street Jumps as Banks Raise Rates to 7 Percent

A day of market shock begins with First National City Bank lifting its best customer rate to 7 percent, signaling tighter money. Following the move, Dow futures tumbled and shares fell as other banks matched the increase, while reports show banks’ 1968 earnings rose and policy moves by the Fed and various firms reshape prospects for growth, inflation, and borrowing costs.

First National City Bank Wall Street

Final LBJ Budget Delayed as Tax Extension Unclear

The Budget Bureau halted printing of President Johnson and President-elect Nixon’s looming 1970 budget amid questions over extending the 10 percent surtax. Johnson seeks continuation to slow inflation, while Nixon has not yet decided. Delay blocks the Economic Message and State of the Union timing.

Washington Bureau of the Budget President Johnson Johnson Richard M. Nixon Congress Nixon Budget Bureau White House

House Demos Press Labor Reform Amid Taft Hartley Clash

Democrats unveil two bills to repeal or amend Taft Hartley section 14B and push new measures easing farm worker organizing and limiting secondary boycotts. Speaker Meany’s stance looms, with uncertain backing in Congress, reflecting enduring labor tensions from prior fights.

Washington House Meany Johnson

American Stocks End Week Mixed Across Major Names

AP reports a mixed weekly close with gains and losses among listed companies. Highlights include AtlasCorp, Cinerama, Gulf Am Cp, and Kaiser und across varied sectors, reflecting modest shifts in prices and percentage changes.

New York Alan Ma Payee Asamera AssdOli & G AtlasCorp Ste Barnes Eng Chile Cinerama Data Cent Dixilyn Corp I Felmont Frontier Air Pa Vel Goldfield Hoerner W Tt Corp Molybden ‘Nessner Bros NewPark Mn Ormand Ind RIC Group Saxon Indust Statham Echnico Wnucker Ausociated Press

Market Prices for Grains and Beans Reported

The listing shows wheat at 1.27 dollars, yellow corn 1.07, milo 1.63, beans 2.41, and oats 0.80 in a commodity price roundup. Prices reflect the latest posted figures from the local market.

Kansas City Livestock Prices Mixed on Cattle Hogs and Sheep

Cattle compare to last week with slaughter steers and heifers steady to 50 lower cows 50-75 lower and various grades and weights of feeders, calves, and primes showing differing price ranges. Hogs rise 25-50 for barrows and gilts while sows stay steady to 25 higher. sheep see weak slaughter lambs and steady ewes with select fleece prices listed.

Kansas City Choice Prime

Market slips as Dow drops nearly two points on profit taking

New York stocks opened with modest gains but failed to sustain momentum before noon. The Dow Jones Industrial Average fell 1.93 to 923.53 as volume reached 12.68 million shares. Trading showed more decliners than advancers with 746 down and 597 up, eight of the 15 most active issues down and six up.

New York Associated Press

Also Mentioned on This Page

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