New York Stocks Open Lower Amid Mixed Early Trading
New York markets opened with a overall decline as most key issues slipped slightly. Pan American Sulphur dropped about one point to 23 and Boeing rose roughly two and a quarter to 159.50 while Santa Fe, Ford, and Sperry Rand showed modest early losses on active volume. The AP average of 60 stocks fell 2 tenths to 366.60.
MENTIONED IN THIS ARTICLE
New York
Pan American
Boeing
Santa Fe
Ford
Sperry Rand
Associated Press
Grain Market CHICAGO AP Prev High Low Close
Chicago grain market report lists previous highs and lows with closing figures for key grains. Data shows changes in price levels across corn wheat and soy with reference to Chicago trade activity.
Inventory Build-Up Signals Mixed Economic Mood
Business inventories have risen at the fastest pace since 1951, boosting a rosier view of the economy. Analysts question whether the late 1965 stockpiling reflects speculative confidence in rising demand or preemptive buying ahead of inflation.
MENTIONED IN THIS ARTICLE
AP Business News
NEW York
Inventory buildup questions in 1965 economy
Government economists revised 1965 Gross National Product upward to a record 676.3 billion dollars with a 7.5 percent rise in current dollars and a 5.5 percent gain in constant dollars. Inventory accumulation boosted fourth quarter activity to a 697.2 billion rate, up from 613.5 billion in the third quarter, while year end inventory rise reached 10.1 billion. Government spending also increased, fueling concern that stockpiling may reflect inflation fears.
Sinking Car, Water Main Break Swallow Street Barricade
Santa Monica hotel owner recounts a dramatic sinkhole opened beneath a parked car as a 12 inch water main ruptured. Water flooded the street, a large crane lifted the vehicle, and crews repaired gas and water lines while the hotel basement flooded three feet. Dozens of coaches stayed for a weekend clinic.
MENTIONED IN THIS ARTICLE
Epstein
Ohio Union Chief Challenged For Post
State Sen. Frank W. King of Toledo faces a challenge for re election as president of the Ohio AFL C10. Lan ry Mayvitte vice president of Local 746 IUE at Westinghouse Columbus plant runs against him.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Frank W. King
Toledo
Lanry Mayvitte
International Union of Electrical Workers
Westinghouse Corp
Westinghouse lays off 200 in Columbus plant dispute
In Columbus Ohio on Wednesday Westinghouse Electric laid off 200 employees on disciplinary furlough amid recent line slowdowns tied to an incentive pay dispute. Westinghouse spokesmen cited the bargaining dispute and resulting slowdowns at the appliance plant.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Westinghouse
Electric
Also Mentioned on This Page
Alleghany Co
Allied Chemical
Aleoats
American Airlines
American Can
American
Columbia Gas Bs
Col & & Oh
Cooper Ind
Curtiss Wright
Detroit
Corp
Douglas Aircraft
Dupont
Erie
Bio Firestone de
Ford Motor
General Dynamics
General Electric
General Foods
General Motors
Gen Tel & el
Goodrich Goodyear
Hard Walker
Int Bus Machine
International Harv
Johns Manville
Kaiser Alum
Kroger Co
L. O. F_ Glass
Marathon Oi
Marquette Cement
Mead Corp
Merv CH & S
Montgomery Ward National Cash Reg National Distillery
Newberry
Central Nort. & W
Ohio Edison
Penney, J. C
Pennsylvania
R. A
Philips Petroleum
Pillsbury Mills
Pitt Plate
Y Proctor - Gambler
RCA
Republic Steel Scott Paper
Sis
Sears Roebuck
Shell Oil
Sinclair Oil
South Pacific
Standard Brands
Standard Oil Cal
N. J
Standard Oil
Texaco
U Airet S. Steel
Westinghouse Elect
Weverhaeuser Co A
Whirlpool Corp
Chicago
AQP
Aernuwvie
Elec
Armour
Avco
Continental
Cooper Tire 2A
Copeland Rei
Cigar Vale
Eastman Kodak
ErieLack
Fentsira
Tata
Ford M.tor
Gray Drugs
Merathen Oil
Mac Tool
Ale
Mont Ward
NEK Noréwes RR
C. Penney
PA Penn RR
RCA Rasio C of Am
RKS
Rockwell-Stan
Wis Ps
RSO
Rusco Ind
Sear
Roebuck
SMF
Reynolds& Reynolds
Scot Lad Foods
By Sam Dawson
Santa Monica
Calif
al Epstein
California
Arizona
Nevada
Ohio Union
John WH. Shields
Superior Coach Corp
Ambulance Association of America
Robert Rendle
F.C
Jack) Rees
Superior
Association
William Goodhew
AAA
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