Sharp Stock Losses Clip Market After Moderate Trading
New York stocks closed with a sharp loss in moderately active trading as oils and blue chips failed to lead. Occidental Petroleum fell 11 percent on volume, with several other blue chips and tech shares sliding. Phillips Petroleum held steady amid mixed results while Equity Corp moved higher.
MENTIONED IN THIS ARTICLE
New York
Occidental Petroleum
Commercial Credit
Global Marine
Sperry Rand
Mobile Oil
Chrysler
U.S
Phillips Petroleum
American Stock Exchange
Computer Sciences
Reliance Insurance
Milgo Electronics
Consolidated Oil & Gas
Talley Industries
Leasco Data Processing
Commonwealth United
Victor
Iowa Prosecutor Probes Sun Valley Land Seller Alco
Iowa Attorney General Richard Turner said Alco Industries Inc formerly Arizona Land Co faces possible action under the Iowa Consumer Fraud Act. The Arizona firm sold Sun Valley subdivision land to Iowans with boasts of utilities and roads. Arizona officials revoked licenses after 13 complaints and the company later entered bankruptcy.
MENTIONED IN THIS ARTICLE
Arizona
J. Fred Talley
Phoenix
Sun Valley
Rte. 66
Holbrook
Arizona State Attorney General’s Office
Collec
Robert Cleveland
U.S
Turner
Arizona Land Corporation
Steel Workers Set for Possible U S Strike in Steel Industry
Steel Magazine warned a potential United Steelworkers strike could begin by Wednesday end of the week, risking further output declines after a week with 2.5 million net tons produced, the lowest since last October. Scrap markets slowed and steel prices remained at 23.50 per ton as buyers stockpiled amid the tension.
MENTIONED IN THIS ARTICLE
Cleveland, Ohio
U.S
Steel Magazine
Metalworking Weekly
United Steelworkers
Pan Am Publishes Book on Kennedy Round Tariff Cuts
Pan American World Airways issued a booklet titled The Kennedy Round and You outlining tariff reductions by the EEC Britain and Japan. Harold L. Graham notes the guide concisely shows export opportunities for U S manufacturers as nearly seven billion dollars of nonagricultural exports are affected. Tariff reductions began Jan 1 and run through Jan 1 1972 covering about 66 000 items and more than 40 billion dollars in world trade annually.
MENTIONED IN THIS ARTICLE
New York
European Economic Community
Britain
Japan
Pan American World Airways
Pan Am
Harold L. Graham
Graham
United States
New York Exchange Prices Summary From AP
Monday's complete New York Exchange prices show sales figures, highs, lows, closes, and changes for numerous listed securities. Abacus, ACE, Aeroquip, Air Prod, and Amblas display varied quotations with notable daily movements. many entries include price ranges and percent changes amid a broad market snapshot.
Anaconda Income Halved After Costly Copper Strike
The Anaconda Copper Mining Co reports consolidated net income for the first half of 1968 at 31.4 million dollars, down from 61.5 million a year earlier, with earnings 1.44 per share versus 2.81. Second quarter earnings were 14.7 million dollars or 67 cents per share, reflecting ongoing strike costs and startup expenses at several locations.
MENTIONED IN THIS ARTICLE
Anaconda Co
C. Jay Parkinson
New York City
Parkinson
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Interdealer Quotation Snippet From NASD Circulates
A fragment from an NASD quotation page shows interdealer price quotes and market chatter. The piece lists bid and asked figures across several securities with marks for various firms and industries, reflecting intraday movements and typical spread activity.
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