Wall Street Dows Suffer Year Low as Prices Deteriorate
New York stock markets slid with the Dow Jones industrial average dropping to a year’s low at 802.41 as inflation, rising interest rates, and liquidity tightening weighed on sentiment. The S P 500 fell to 87.15 while about a thousand issues declined and volume reached about 15 million shares.
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NEW York
UPI
New York Stock Exchange
Dow Jones
O Ae
Dow
Standard & Poors
Volvo Plans 100000 Car Plant in Chesapeake Virginia
Volvo of America Corp President Bjorn Ahlstrom says a $100 million plant to produce 100000 cars annually will be built in Chesapeake Virginia later this year. He argues U S investment and local production outperform European exporting, noting foreign shares of U S car sales and cross-market penetration in Europe and Sweden.
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Edward S. Lechtzin
UPI
Pamorr
Scandinavia
New
United States
Europe
Bjorn Ahlstrom
Volvo of America Corp
Chesapeake
Ahlstrom
U.S
Detroit
France
Germany
Italy
Great Britain
Sweden
Volvo
Valvo
America
Atlantic
NYSE Closing Quotations Highlight Broad Stock Activity
New York close shows widespread trading with gains and losses across sectors. Major names include Aetna Life Amex Allied Signal Alcoa and many others, reflecting mixed sentiment as investors weighed earnings and market conditions.
Market nerves rise as margin selling warned by S P
Standard & Poor's warns that the sharp decline and prior price erosion could trigger margin selling, risking a market climax as investors retreat on fears of a big drop. The Predictor notes crowd psychology, while Continental Bank cites a near peak in rates but says credit demand will shape policy and future rates.
MENTIONED IN THIS ARTICLE
New York
UPI
Standard & Poor’s Corp
West Hartford
Continental Bank of Chicago
Federal Reserve Board
Commodities close mixed with gains in gold and copper
Today’s closing prices show London gold at 162.50, up 2.50, July silver 5.40 down 0.20, July platinum 205.20 up 1.20, July copper 1.09 down 0.042, July corn 2.ii down 0.03, July wheat 3.41 down 0.05, July soybeans 5.43 up 0.03, June cattle 41.00 up 0.35, June hogs 29.65 up 0.70, June eggs 38.80 up 0.60, Nov Maine potatoes 5.60 down 0.05, July cocoa 78.60 down 1.80, July coffee 0.73 down 0.28, July plywood 115.80 up 1.90.
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NEW York
UPI
New York Stock Exchange
Aetna Life
AlcanAl
Alighud
Pwi
E— Va AlliedCh
Va Allis Cha
Alcoa
AmMet
AMNGS
AmSmit
AmStud
AmStor
Amt&t
Armcos
Richfid
Atlas Corp
Avco Corp
Avnetine
Bab&Wil
Baker Oil
Bangor Pn
Bath Ind
Bell Hwl
Bendi
Benguet Cn
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Black&d
Boeing
Boise
van Borden
Bos Ed
Bourns Inc
Braniff
Briggs
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Bulovaw
Burlin
Burroughs
CBS
McCroy
StRegis
Yo McDond
Ye Sander
McLean
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SignalCo
Mohseo
SimnsCo
SmithKline
Morist
SouthCo
Motorola
SoPacif
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So Rail
Va MurpCo
NL Industro
Norfolk
Tandy Corp
Ve - Teledyne Jina
Nortonst
Tom Tan
Panhandle
Orl
Penn
Penney
Unocal
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UtdAbert
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US Steel
Va Philipm
Vo PhilPet
UniTel
Vo Pilisbry
Va UnivsOll
Pitney
Ye Upjohn
Utah
Ind
Utahpl
Br. Ma
Pullman
Ralston
Rapid Am
Raython
RGA Corp
Va 7Geading Co
Repstl
Revion
Riviana
Robshaw
Rochg
Ya Rockwell
Rohr Ind
RoyalCo
Chris
Craft
CocaCol
Col Gau
Colgate
Crane
Coig
Cyprus
DeltaAér
Diebold
Dresser
Duke P
DuPont
Duquet
Va Eastern Air
East Jo
EatnCo
Egpasng Ig
Ve Ya Eltia CO
Emer
Esmark
Etsyl
Exxon
Faberge
FairCam
Fairind
FerroCorp
Fireut.ie
Fred Schaffer
Bache & Co., Inc
London
Maine
Dow Jones Averages Report Decline in Trading
Closing averages show a drop across sectors as the Dow Jones Industrial Average slips 6.96 points to 802.57 and the Transportation and Utilities indices fall. Total stocks stand at 243.33 with 2.76 points down, while daily sales reach 15.45 million shares.
MENTIONED IN THIS ARTICLE
Dow. Jones
Indus
Consumer Forum explains cycle billing and interest terms
Consumer Forum explains cycle billing used by department stores with 30 day credit. Bills arrive late and interest effectively accrues from purchase date. Examples show $100 purchase on Feb 13 leads to 3 months use with 75 cents interest, rate effectively 3 percent. Consumers should understand terms before signing.
MENTIONED IN THIS ARTICLE
G.B. Denton Q
Iowa
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