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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Dec 12, 1976
Page
24
The list defines stock market shorthand such as ex-dividend ex-rights ex-dividend and sales in full called when distributed with issued with warrants without warrants ex-distribution and bankruptcy or receivership indicators for securities under reorganization or assumption by another company.
Week s 20 most active stocks are listed by the Associated Press in York. The roundup highlights trading activity and notable movers across key sectors. Prices and exact changes are summarized for readers tracking market momentum.
A group led by Reginald Jones of General Electric urged President elect Carter to implement a permanent $15 billion individual tax cut, $5 billion for job creation, and a $3 billion rise in business tax credits boosting plant and equipment investment. The proposal aims to spur hiring and curb future inflation.
Wall Street rose as tax cut proposals and potential spending boosts fed optimism. The Dow gained 22.60 to 973.15, S&P 500 up 1.94 to 104.70, NYSE composite up 1.13 to 56.33, with volume around 26.66 million shares per day. Carter's stance remained noncommittal as advisers discussed a 15 billion mix of tax cuts and spending.
Investors push stocks higher after a volatile post election period. Dow Jones climbs briefly above pre election levels as Morgan Guaranty cuts the prime rate and banks trim lending costs. OPEC oil price decisions loom while AT T and Rohr win big contracts and market breadth widens with more advances than declines.
AP report notes slight gains for Berd bread in New York trading. Prices were mixed as government short term factors and weeks of intermediate issues influenced markets, with some declines observed after several weeks of volatility.
Grain futures edged higher in two sessions but closed lower three times as cold weather hindered grain movement. Export inspections and rising production in Australia influenced prices, while Peru’s anchovy catch and shifts in soy products added pressure.
Congressional records show six House members had perfect attendance in 1976 with 86 percent average turnout overall. Senators Byrd and Proxmire attended all votes. Percy and Stevenson varied 88 to 90 percent. Illinois representatives’ rates ranged from 71 to 100 percent over 1976 and 94th Congress sessions.
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