Complete Roundup Of Week's Market Activities Stocks Bonds
A brisk week saw mixed movement across stocks bonds and commodities with analysts noting gains in technology shares while energy and financials lagged. Bond yields fluctuated as investors assessed inflation risks and central bank hints.
Stock Market Slump Deepens As Week Ends In Dow Drop
U S equities extended losses on week end with the Dow Jones industrial average sliding to 573.29, down 13.8, amid bearish sentiment and a broad market decline. Volume surged to the highest in three weeks as investors weighed Fed action and weak news signaling a possible test of the year's low.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve Board
New York Stock Exchange
Associated Press
U.S
Bundatrand
Ian
Kerr
Sinnen
O¢East
Bia
Fla Pwo
HK Koovette
Parke Dale
Ceco
Kreage
Crinnen
dKroctier
Vulcan
Cem Agi
Abbott Ui
Ford
Wwalker
rexaProd
Wall Tlern
BEA
TEX Gaul
Sorat Walworth
Ml Rex
Ward Bach Adams
Mg Lehi
Adams Millis
Ward Lee
Terigen
Peoples Gas
Tex
Cerro Cp
ITN Fs ’ Lehnv Ind Pfi
Peoriaae
Textron My
Qj Warner Colb
Acroquip
Mel Cartteed
G- Leh Val RE
Pepsi Cola
Bae Sy
Torring Co
Leon
oRly
AES
Rat
RSS
Allied Mills
AIG Transamer
CMSPP
Phitsar
Seateiae
Baker
ONO
Inn
Riverine
Worth
Cvan Ie
Unitair
Sen Agra Worth
Xerox
el Coalan
Ata
Yale
Dex
Bey
Amber Rae
M & Mla
Move To Loosen Credit Is Highlight Of Week
Federal Reserve Board action to loosen credit and free about 4.6 billion for business expansion was the week’s highlight amid slow economic momentum. Officials cautioned that easier money does not guarantee borrowing without profit, as profits remain uncertain. Market activity stayed subdued with a flat steel output and steady car prices, while economists warn of persistent doldrums into next year.
MENTIONED IN THIS ARTICLE
Darden Chambliss
AP Business
NEW York (Ap
Federal Reserve Board
Business Council
Commerce
Luther H. Hodges
Federal Reserve
United States
Europe
Steel Magazine
Economic outlook splits as gains, deflation fears loom
Producers expect 5 to 10 percent shipment gains in the month and similar gains in November. Federal Reserve notes a plateau economy with an index of 119, unchanged from July and August, 19 percent above 1957 average. Analysts warn of potential downturn while others foresee tax reform revitalizing growth.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Per Jacobsson
International Monetary Fund
Dodge Corp
Gordon W. McKinley
J. Dorsey Richardson
Investment Company Institute
George A. Strichman
International TelePhone & Telegraph
Fairbanks Whitney Corp
Soviet Union
du Pont Co
Dow Chemical Co
du Pont
Dow
Grains End Week With Mixed Futures Activity
Chicago markets show corn and soybeans retreating toward yearly lows while wheat strengthens. The week closes with corn down and soybeans mixed, December and November contracts moving within narrow ranges. Wheat gains earlier in the week but ends mixed as traders react to export subsidy talk and government program reviews.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Teacher Charged In Narcotics Violation
Belton elementary school teacher George William Davis, 38, was charged with obtaining narcotics by a forged prescription. He was arrested after a forged prescription attempt at three north Austin pharmacies, following a prior forged prescription incident at a south Austin drug store.
MENTIONED IN THIS ARTICLE
Austin
Belton
George William Davis
Davis
Georgetown
North Austin
South Austin
Knitting Records Shattered in Britain by August
Britain saw a surge in knitting activity with women and some men using 29 million pounds of wool by August, up nearly four million pounds from 1961, according to the International Wool Secretariat.
MENTIONED IN THIS ARTICLE
London
International Wool Secretariat
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Rahe
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Rem
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Ily
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Bkrand
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Kuala Lumpur
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Changi
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