Market Explanations Do Not Drive Stocks, Says Analyst
AP analysis cites broker excuses for market moves, not real causes. John Wright of Bridgeport argues explanations like inflation, McGovern candidacy, and post election tax changes shape sentiment, but markets follow a seasonal rally with summer solstice near.
MENTIONED IN THIS ARTICLE
Wright
McGovern
TV set prices stay steady amid new color lines
In the New York Times report, major manufacturers unveil new 1973 color TV lines while prices remain largely stable. Motorola raises 10 models by 2 to 4 percent, effective June 1, with RCA noting possible selective increases later. GE cites higher costs and added solid state reliability. Sylvania keeps prices steady with no hikes. Emerson/Dumont lines show similar pricing, higher features, and more remote controls. In Johannesburg, a South African ban on about 30 percent of British-published books is noted.
MENTIONED IN THIS ARTICLE
New York
The
Price Commission
Motorola, Inc
RCA Corp
Las Vegas
Motorola
RCA
Robert C. Warren
Donald E. Perry
General Electric Co
Sylvania, Inc
William E. Boss
Entertainment Products Group
Emerson Television Sales Corporation
Playboy Plaza
Miami
National Union Electric Corp
Emerson
Dumont
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Montana Standard
John Cunniff
By Wohl
Sen
George McGovern
Wall Street
John Wright
Bridgeport, Conn
Nature
New York Times
Johannesburg
South Africa
Britain
Ebronix Guerenreed
Thrugs Credit
Montana
Arizona Park & Main Sts
Butte Anaconda