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Markets Drift Lower On Trading Slump In New York
Stocks slipped in quiet, uneven trading as the Dow fell to 707.35 and IBM closed down sharply from January highs. NYSE turnover rose to 8.65 million shares while the Amex index dropped 0.08 points. declines outpaced advances 780 to 411 with 333 unchanged. Cotton futures were steadier, with nearby March deliveries constrained by farm legislation uncertainty.
MENTIONED IN THIS ARTICLE
New York
Favon
Luc
W. E
Hutton
IBM
Stock Exchange
New York Stock Exchange
Associated Press
Standard & Poor
NYSE
Kinney National Service
Crown Zellerbach
Expchange
Big 4
Telex
Kinney
Gulf Oil
Avon Products
Standard Oi
New Jersey
Eastman Kodak
Gillette
Sperry Rand
American Stock Exchange
Amex
Saxon Industries
Digital Equipment
International Controls
Nortek
Mission House
Senate
Bao Ras Fey
Sonny Dling
Ra Canan