Market closes with mixed moves on New York exchange
Closing prices show New York Stock Exchange activity led by Crown Cork at 50 with 144,800 shares, and 12th on the list. Pan American World Airways slipped 2 percent after an 8 percent run up on split and dividend news. Polaroid and Xerox also fell. The American Exchange saw lower prices with Seven Arts up 1, and the overall index down five cents to 7.07. Bond prices were steady to higher.
MENTIONED IN THIS ARTICLE
Crown Cork
Schenley Rose
Aver
Publicker Industries
E.W. Bliss
Pan American World Airways
Polaroid
Xerox
Eastern Air Lines
American Stock Exchange
Seven Arts Products
Exchange
Vernitron
Extras Inc
Syntex
U.S. Treasury
Wall Street Mixed as Tax Talk and Index Drift Captivate
NY stocks opened mixed with gains in autos and tech offset by declines in rails and utilities. Investors weighed potential midyear income tax changes and a lingering drift in the market, while the AP index showed modest moves amid headlines on profits, inflation, and congressional tax credit debates.
Market Dow Falls as Trading Mixed Amid Buy Talk
The Dow Jones Industrial Average slipped 3.68 to 844.82 as eight of the 15 most active issues rose and seven fell. Link Belt jumped 9 points to 58% on 320,900 shares after FMC Corp. said it would buy its common stock at 58 a share without limit. First Western Financial, longtime NYSE trader, reported large operating losses and closed at 2 a share, down 3.48, on 73,000 shares, with 8,400 at the same price.
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New York
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Brest
Sina
Jens
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York St
Ethan
Carlisle
Gans
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Johnson
Congress
Bank
ABC
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New ‘York
ADI
Secretary of the Treasury
Associated Press
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Henry H. Fowler
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Ohio
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New Goals Could Cause Auto Strike
DETROIT AP reports skilled UAW tradesmen plan two new contract goals beyond the guaranteed annual income. The move signals possible strikes in the auto industry as union leadership seeks to broaden bargaining terms.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers
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