Dow Slides After Morgan Guaranty Rate Rise Triggers Selloff
A broad stock rally faltered in New York as Morgan Guaranty Trust raised its prime rate to 6 percent, prompting heavy selling across equities. The Dow Jones fell 6 tenths, Standard & Poor’s 500 held steady, and trading lagged on Morgan’s move with overall volume near 10.33 million.
MENTIONED IN THIS ARTICLE
New York
Morgan Guaranty Trust Co
Standard & Poor
Associated Press
American Telephone
Gecline
Southern California Edison
International Telephone
U.S. Treasury
Stock Market Roundup of New York and Chicago Trading
A chaotic market snapshot shows gains in New York stocks and firmness in soybeans while wheat climbs in Chicago. Notes on bonds cotton and oats indicate varied activity with hedging and selling. Slaughter cattle show scattered steady sales amid overall price shifts.
MENTIONED IN THIS ARTICLE
New York
Chicago
NY Stock Exchange
Am Motors
Tarke Davie
Ha Transitroy
Kinan
Reyn ‘Tohac
Studebaker
Beth Steel
Sam
Associated Press
Ralls
Cotton futures hold steady as government sale plans impact market
Cotton futures closed unchanged to 60 cents a bale as light trading continued and initial government sales under the 1966-67 program had little effect. Dealers awaited further sales to gauge the program’s impact on market tone and track prices.仅
MENTIONED IN THIS ARTICLE
Chicago Potators
Total Ts
Tdaherisse
Aesota North Dakota
Reds
Chicago
Fort Worth Livestock Market Listings and Prices
Raw market data shows steers, hogs, ewes, and feeder lambs with bid ranges from 25 to 40 per hundredweight. Slaughter steers cleared around 27.73 and 28, with mix of standard and good grades. hog prices noted near 25 to 32, and feeder lambs 20 to 24. The report also includes interdealer quotations and security listings.
MENTIONED IN THIS ARTICLE
Fort Worth
Paters
Heer
Branklio Cy tops 1 yt in Phe aatie game
Fragmentary text shows Branklio Cy leading with a top score of 1 year in a Phe Aatie game. Details are unclear due to damaged OCR.
MENTIONED IN THIS ARTICLE
Branklio
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Mee
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