Stock Market Advances Trimmed In Late Trading
A brisk Wall Street session narrowed gains as losses rose late. Textron remained strong while United Fruit fell after merger talks ended. Western Air, Gulf Resources bids, and several Dow components moved modestly, with mixed results across major indices.
MENTIONED IN THIS ARTICLE
New York
Textron
United Fruit
Western Air Lines
Las Vegas
Kerk Kerkorian
Dow Jones Averages Move Slightly With Mixed Dow Jones
The Dow Jones averages show a small gain for the Industrials at 979.36 up 1.12 while Rails slip to 277.81 down 0.25 and Utilities fall to 138.87 down 0.19 on a day with 15,800,000 shares traded.
MENTIONED IN THIS ARTICLE
New York
Central Banks Close Meeting With No New Accord
Basel Switzerland AP A weekend gathering of the world’s richest central banks ended without an announced new aid for weak currencies. Participants hoped for a short term British pound or German mark swap, or a multilateral swap among European banks to align with the Common Market. The swap plan would be a stopgap to let countries adjust without devaluing. Analysts note the pound, mark, and possibly the franc are misaligned, while the dollar’s value is debated.
MENTIONED IN THIS ARTICLE
Basel
Switzerland
Britain
France
U.S
NY Exchange Restructures Member Firms Department
The New York Stock Exchange announces a restructuring of its Department of Member Firms to handle record trading volume. Robert W. Haack says Fred J. Stock Jr will become associate director for operations control and George Beliakow will be assistant director for finance and Documents. The department will help firms boost capacity and cope with back office paperwork.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Robert W. Haack
Exchange
Fred J. Stock, Jr
Midwest Stock Exchange Service Corp
Kerkorian bids for Western Air Lines stock at 45 dollars
Las Vegas businessman Kerk Kerkorian offered to buy up to 1.5 million Western Air Lines shares at 45 dollars each. Dominick & Dominick said the offer expires December 19 and Kerkorian may seek board representation if accepted. He is principal holder through International Leisure Corp.
MENTIONED IN THIS ARTICLE
New York
Las Vegas
Kerk Kerkorian
Western Air Lines Inc
Dominick & Dominick Inc
Kerkorian
Western
Dominick & Dominick
Steel Imports To Be Reduced This Month
Washington officials say Japan and Western Europe may reach a voluntary rollback of steel exports to the United States starting in 1969. The quantity split between Japanese and European mills will be decided in coming weeks with Anthony Sullivan coordinating. Total imports of foreign steel are expected at 17 to 18 million tons this year with a potential cut of about 3.6 million tons under consideration. The Johnson administration seeks a deal before the new administration takes office to reduce protectionist pressure on U.S. steel makers.
MENTIONED IN THIS ARTICLE
Washington
Japan
Europe
United States
U.S
Anthony M. Sullivan
Johnson
Nixon
New York Stock Exchange Prices Complete for Monday
The article lists full NYSE price data for Monday including highs lows closes and changes across numerous issues. It records figures for Abacus Abbott Albertot AmrEs Amerada Armco Armour Am Can Cabot and many others with volume and price movements.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
NASD Interdealer quotes move during day on OTC markets
Quotations from NASD interdealer markets change prices as of 1 pm today with no retail markup. The overview lists banks and financial firms and explains terms like ex-dividend and stock dividends, including notes on distributions and payment timing.
U S Grants Aid To Saigon Under Food For Freedom
The Department of Agriculture announces 4.57 million worth of U S commodities for South Vietnam under the Food for Freedom program. The package includes 1.4 million pounds of nonfat dry milk 735000 bushels of wheat or flour and 2.7 million pounds of tobacco. Vietnam will pay in piastres with 20 percent used by the United States in Vietnam. The remaining funds fund a grant to Saigon for defense purposes.
MENTIONED IN THIS ARTICLE
Washington
Department of Agriculture
U.S. Agriculture
South Vietnam
United States
Vietnam
Saigon
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