Markets Rally Despite GM Strike News On Friday
New York stocks rose toward historic highs as trading stayed heavy after news of a General Motors strike. GM dipped briefly to 99., then rebounded to near 100 as Ford Chrysler and American Motors posted fractional gains and investors anticipated a short strike with UAW allowing continued plant work.
MENTIONED IN THIS ARTICLE
New York
Geners Motors
Wall Street
United Auto Workers
Ford
Chrysler
American Motors
Studebaker
Bonds Steady As Markets Weigh Treasuries And Corporates
Treasury bond prices held steady and corporate bonds showed mixed results with 39 issues trading. Of these 39, 120 were unchanged, 2 down slightly and 9 up fractions. Volume was light. On the corporate side trading was indecisive but firmer for high grade issues. NYSE par value traded was $11.01 million.
MENTIONED IN THIS ARTICLE
NEW York
USS
Treasury
New York Stock Exchange
Market News and Prices Roundup From New York and Chicago
The report covers AP wire market activity with bonds, stocks, and commodities. It notes higher treasuries, mixed stock activity, and a wholesale price index rise with details on Royal McB, Chrysler, Xerox, Reading Co, and other issues. Also included are butter and eggs prices, cotton futures, and potato market conditions.
MENTIONED IN THIS ARTICLE
Spotlight Stocks
New York
Ratner TexGulf Sul
Royal
Chrysler Eeenese
Lionel Corp
Allah Mong
Xerox Corp
Reading Co
Associated Press
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