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Stocks rally on pension concession and Ford talks
New York stocks rose sharply as United States Steel offered 10 cents an hour for pensions plus social security funded by worker contributions and Ford neared a settlement with the automobil e workers union. Dow Jones indices show broad gains led by steel and auto shares with several leaders hitting highs. OGDEN and CHICAGO market reports note mixed livestock and produce activity, with cattle steady to higher and grains ending mixed after late session moves.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Ford
Automobile Workers Union
Steel
Commonwealth
Southern
U. S. Steel
du Pont
American Can
Dow Chemical
Great Western Sugar
General Motors
Chrysler
U. S Steel
Allied Chemical
Seaboard Oil
Standard Oil
N. J
Texas Co
Douglas Airaie
United Aircraft
Santa Fe
Southern Pacific
Union Pacific
Great Northern
Eople
Dow Jones
Chicago
Board of Trade
Northwest
Southwest
Eeann
France