Economic fears push Dow Jones lower amid growth worries
Dow Jones industrial average fell 5.24 points to 819.31 as doubts about a vigorous recovery persisted. Volume totaled 15,970,000 shares, with declines outpacing advances about eight to six. Early gains faded as forecasts for a slow second-half recovery grew, with analysts noting cautious investor interest and banks staying on the sidelines.
MENTIONED IN THIS ARTICLE
Dow Jones-Ottaway News Service
New York
Dow Jones
House of Representatives
Wall Street
Michael Metz
Oppenheimer and Co
APL
Indus
Market slips as rates, inflation fears curb optimism
Traders note dwindling enthusiasm amid forecasts of possible capital shortages in recovery and a risk inflation could revive. Sterling hits a record low against 10 currencies while NYSE issues pause with Central and South West Corp rising to 16.58 and Echlin Manufacturing slipping. Trinity Industries nudges up on dividend lift. Union Pacific and Baxter also move.
MENTIONED IN THIS ARTICLE
American Bankers Assn
Amsterdam
Sterling
Bank of England
Central and South West Corp
NYSE
Echlin
Farm markets and livestock report from New York and Joliet
UPI USDA dairy prices show ample butter for sale and improving demand with varied grade scores. Egg prices and weights listed with minimum cases and regional quotes. Joliet livestock notes include insufficient cattle trend, active hog trade, and price ranges for various hog weights with Friday intake projected.
MENTIONED IN THIS ARTICLE
New York
Upi-Usda
UPI
USDA
Joliet. Il
Fax machines promise to speed work and save lives
The piece envisions fax machines duplicating documents across offices and branches, transmitting medical data between hospitals, and even routing letters in the postal system. It notes time savings and personal aims like improving a golf handicap as summertime gains.
MENTIONED IN THIS ARTICLE
U.S. Postal Service
First Federal to open Middletown branch at Orange Plaza
Kenneth J. Abt, president of First Federal Savings & Loan Assn. of Middletown, announced a new branch at Orange Plaza opening June 20 next to J.C. Penney. The four teller office will service savings accounts with loan applications still by mail from 23 James St. Saturday hours added. A whimsical robot named Freddie will stroll the mall June 20 and 21 to celebrate, entertaining students and Kiwanis members during a robot preview.
MENTIONED IN THIS ARTICLE
Freddie
Lisa
Peter
Middletown
Myron Perry
First Federal Savings & Loan Assn
Orange Plaza
Kenneth J. Abt
Mike Carey
J.C. Penney
Abt
James St
First Federal
Kiwanis
Union Carbide lowers forecast amid weak steel shipments
Union Carbide says its second quarter earnings may fall 10 to 15 percent from first quarter results of 115.7 million, due to weaker steel shipments. company had expected Q2 to match Q1 per share of 1.89, with Sterling Forest lab noted.
MENTIONED IN THIS ARTICLE
Union Pacific
Dow Jones-Ottaway
New York
Union Carbide Corp
Union Carbide
Sterling Forest
F. Perry Wilson
Also Mentioned on This Page
Froi
Monroe Auto Equipment
Baxter Labs
Trinity Industries
American Exchange
Rr Rr
Fisehr Pt
American Stock Exchange
Ford Can Sa
Frontier Air Ms Oo Co
Ie Ia
KaiserIn
Austral Oil
Lee
Lee Natl
Loews
Buties Gas
Sa Cal Comptr
Hm Rem Ar
Gta & SoundCp
Dixlyn Corp
Dome Petro i
Utahidho
Vikoa Incor
Avon
Central Hudson
Dow Jones Bis
Bs Electronic Tab
Empire National Bank
Highland
Johnson Services
Nyse&g
Ross Industries
Evans & Co
Porter
the Eco
U.S. Dept. of Agriculture
Department
Washington
ABA
Ottaway News
Philadelphia
Playhouse In the
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