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Troy Record in Troy, New York

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Newspaper

Troy Record

Location

Troy, New York, United States of America

Date

Apr 08, 1967

Page

9

Market moves on discount rate cut with mixed results

New York AP reports stocks fluctuated after a 60 basis point discount rate cut. Dow fell about 0.3 percent in early trading as industrials led losses while rails and utilities dipped modestly. trading volume showed broad selling with many majors down and some firms rallying briefly on news.

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Recession Thoughts Escape Public Notice

A reflective column argues that fear of recession lingers while the public and officials avoid calling it by name. It notes past downturns in 1948-49, 1953-54, 1957-58, and 1960-61, cites Vietnam spending and high employment as masking present slowdown, and suggests the public prefers weather talk over economic worry.

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