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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Also Mentioned on This Page
Hmae
Simhoe Gen Tire
GraceCo
Greyhound
Harris
Heclaring
Hercine
Atlas Ch
ChiPney
NEW York (Ap
New York Stock
Fe Chi RI Pac
Disney Ae
Atlas Corp
Aon
Chris Craft
Avnet Inc
Aven Cp
Chrysler
Cressind
Avon Pa
Citfin
Duke Pw
Na Babck
Colg Pal
FE — Admira
Va CollinRad
Aetialifac
Lhs Beckman
Coloiitat
East Air
AirRédin
AlcanAlu
Beech Air
Bell How
ColuGas
Eatonia
Alleg Cp
Bendix
ComSolv
Ebesco Ind
Allegiw
A BenefFin
ComwEd
Eipasong
Allis Chaim
Boeing
Eltraco
Alcoa
Borden
Eversharp
Brunswick
Bud
Am ‘Motors
AmNatGas
Va Cudahy Co
FoodFair
T&t
Carrier Co
Curtisswr
Formck
AMK Cp
FreepSul
Me CastieCke
D— FruenCp
Ampex Corp
CaterTr
Daycorp
ArchDan
Cerro
Delta Air
GenDynam
We —I
Atl Rich
Ches Ohio
Ova
Det Steel
Se — Gen Mills
Chimii Sip P
DiaSham
Jewel Co
Jontogan
Jones
K — Peller
Wens Kerr
KeveerRo
Kerr
Kroger
EIS Ae v
Avaith
I aongisSt
Aia Ae
Motorola
Nlea
Ur Kym Newmat
Etaey Sherwa Nai
Sinclair
NeAm Nonges
Nor Pac
NostaPw
Spartan Ind Nort Simon
Sperry R
Va StauffCh
Stevensj SteriDrug
Stude
Otis Elev
Owenslll
Swift Co
Va Tampa el
PacPwil
Teledyn
PacTat
Tenneco
Texaco
Tex
Textron
Thiokol
TimesMir
Pepsico
TRW Inc
VW Union Pacif
UnitAirLin
UnitaAirc
RCA Ralston
Univo
ReynToo
ATV
Uplionn
Sis
Rohr C RoanSel
Royccola
Ala
RoyDut
Varian Asso
Ryder Sys
Vendo Co
Waeipw
W— Safeway
StrosiLdwi
WasWat
WarLam
Westa Airl
Stregp
Wn Banc
WauTel
al SeFeind
WestgEl
SanFeint
Scott Paper
Woolworth
Irwin Frank
AP Business Editor
First National
Dow Jones
Federal Reserve System
Fed
Lawrence F. O’brien
McDonnel & Co., Inc
New York Stock Exchange
Stock Exchange
Olin Mathieson Chemical
Westinghouse Electric
Armco Steel Corp
Temporaily
LBJ Finance
Meany & Co
George Meany
Afl-Cio
Senate
John Conyers
D-Mich
Detroit
K. C. Livestock
Julian
Lawrence
Kansas
KBEA
Kbey F.M