Dow Falls Below 800 as Investors Weigh Tax Factors
Broad stock decline continues as the Dow Jones Industrial Average slips to 796.20 at noon after dipping below 800, with losses outpacing gains on the floor of the New York Stock Exchange. Analysts cite tax-loss selling and expectations of continued tight money to curb inflation, while notes on autos and energy shares show mixed moves among the 20 most active issues.
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New York
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John Smith
Fahnenstock & Co
Ford
United States
American Motors
Kaiser Industries
Scott Foresman
American Stock Exchange
Heinicke
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Airlift International
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Data Products
Unclear stock list fragment with mixed symbols
Fragmentary New York stock table shows varied codes and prices with unclear context. Neatly, no coherent company names or figures emerge to define a full market item.
Rail unions near wage pact avert nationwide railroad shutdown
Washington AP reports union and industry negotiators close to a settlement for 48 000 shopcraft workers on major U S railroads. A walkout was deferred as talks continued after 38 hours of bargaining as both sides pressed for a one year wage increase and cost of living provisions.
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Washington
W. J. Usery
U.S
Dow Jones Averages Extend Decline Amid Dividend Delays
Disjointed market notes describe the Dow Jones averages dipping as dividend disbursements encounter delays. The report references speculative sentiment, unsettled warrants, and a cautious next day outlook for receivership news and trading activity amid unclear guidance.
Livestock Market Reports from Fort Worth and Kansas City
Fort Worth and Kansas City livestock trades report steady to higher hog prices and mixed cattle and sheep values. Cattle mostly steady to firm with choice slaughter cows 18.00 to 19.75, high and good grades around 28.50 to 30.00 for select cuts, and feeder grades varied. Sheep and lambs show steady demand with slaughter lambs around 28.00 and shipping ewes 50 to 70 dollars per head, while Kansas City notes similar tightenings in heifers and calf prices and softening ranges for some lambs.
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Fort Worth
Cate
Ralvey
Kansas City
Kansas
City
Aig
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Chicago
Turandot Opens Venice Opera Season Under Rudel
Julius Rudel of the New York City Opera will open the season at Teatro Fenice in Venice on December 12 leading a new production of Puccini's Turandot. Settings have been designed for the staging.
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New York
Julius Rudel
New York City Opera Company
Teatro Fenice
Venice
Honor Paid Father Of Lubbock Women
Two Lubbock daughters of the late T S Hogan will attend a Midland dinner where their father is to be honored as a Hall of Fame inductee at the Permian Basin Museum and Library. Hogan helped Midland grow from a cattle town to a city and contributed to the first 12 story office building. Miss Mary Hogan and Mrs Helen Veitch are the daughters.
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Hogan
Mary Hogan
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Helen Veitch
Civil Service Retirement System Covers Most Federal Civilians
The system covers more than 90 percent of federal civilian employees and disburses nearly 2 billion dollars annually in annuities and survivors benefits.
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Washington
Americans Drink About 3.5 Million Gallons of Scotch Monthly
A report notes that American consumption of Scotch whisky runs about 3.5 million gallons each month. Industry analysts cite rising interest in single malts and premium blends driving the demand across bars and supermarkets nationwide.
City Woman Anita King Visits Family Before Government Assignment
Anita Rae King 28 daughter of Mr. and Mrs. J A King of 13907 1st Place visits her parents in Lubbock prior to departing December 26 for a posting with the State Department in Washington. She arrives in Lubbock November 26 after two years as secretary in Jerusalem's American Embassy. A 1962 Craughon’s Business College graduate, she has lived in Lubbock a decade and worked six years for the State Department. The article notes Fort de France as capital of Martinique and the French West Indies with about 82 000 residents.
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J. A. King
State Department
Washington
Lubbock
Jerusalem
Martinique
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