Market Rally Extends Weekly Gains On Earnings Boost
The stock market rose for a second straight week with the Dow closing at 936.71, up 25.81 from 910.90, and the AP average at 293.7, up 1.9 from 291.8. Brokers cite strong second quarter results and dividend increases as key drivers.
MENTIONED IN THIS ARTICLE
Associated Press
Phase 4 beef price freeze sparks shortages and warnings
As Phase 4 looms through its first full week beef prices remain frozen through Sept 12 and complaints rise over tight meat supplies Dallas merchants report empty counters while officials warn the price ceiling could prompt shortages and black market beef.
MENTIONED IN THIS ARTICLE
Stephen H. Miller
AP Business News
New York (Ap
Dallas
Nixon
Treasury
George P. Shultz
Chicago
U.S. Department of Agriculture
Government prices drop as bond market dives this week
The bond market faced its steepest weekly decline in over two years led by government issues amid Treasury reopening terms. Prices for 7 3/4s 1992 87 fell to 71 34 and 20 year 7% bonds dropped. short rates set new records with bills at 8.23%. Corporate bonds slid, utilities yields climbed to 8.25, and municipal prices slipped up to 1.0.
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Dow Jones Weekly Averages and Bond Indices Report
The report lists weekly closing ranges for stock groups led by Dow Jones Inds at 913.15 to 936.71 with a final 936.71, down 25.81 from the week’s high. Tribune indices show mixed moves in Trans, Utilities, and Stks amid overall declines in bonds and railroad groups.
MENTIONED IN THIS ARTICLE
2Nd Rrs
Indust
Inc RaiLs
U S Treasury Bond Prices and Yields Across Series
Over the counter U S government treasury bonds show weekly high low and closing asked prices with net change from prior week and yields. The table lists multiple maturities including 4s Aug 73 7s Aug 81 and 7s May 93 with last price quotes and yields.
MENTIONED IN THIS ARTICLE
New York
U.S
Treasury
esNov
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2sNov
Market Gains Extend Week On Positive Second Quarter Outlook
The Dow added 25.81 points to close at 936.71 as investors cheered better than expected second quarter profits. Analysts cited brighter sentiment and strong earnings as drivers, with Ford and other automakers among leaders in a broad weekly advance across major indices.
MENTIONED IN THIS ARTICLE
Deborah M. Rankin
New York
Martin I. Goodfriend
Bruns, Nordeman & Co
Dow
Eldon A. Grimm
DuPont-Walston & Co
Wall Street Advances Amid Skepticism Over Rally Prospects
The Dow edged up 1.41 points on Thursday and 2.18 on Friday as banks raised prime rates to a record 8.4 percent. Analysts noted falling nonfarm productivity and questioned a sustained upswing, while others predicted the Dow to reach 950–960 before retreating. Trading broadened with 1066 advances to 739 declines among 1,983 NYSE issues. volume rose to 85.40 million shares. ITT led gainers, Boise Cascade turned around, and Texas Gulf climbed amid a Canadian tender offer news.
MENTIONED IN THIS ARTICLE
Ronald Cooper
W.E. Hutton & Co
Dow
New York Stock Exchange
ITT
Boise Cascade
Texas Gulf
Louisiana Pacific
Week's 20 Most Active Stocks Declared Irregular Arrears
The week's top 20 active stocks show a rise in declared earnings and dividends amid unsettled accounts. Market observers note cases of arrears and adjustments affecting investor decisions and stock performance across major exchanges.
Conformity Pressure Prompts Reflections on Individuality
A meditation on social conformity and the loss of individuality as people face growing pressure to act think and look alike. The piece argues for uniqueness amid uniform norms and curbs expectations of personal expression.
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