Stock List Takes Sharp Downswing
New York stock market closed sharply lower in moderate trading with major issues dropping. IBM fell about 8, Du Pont around 6, and General Motors Ford Polaroid and Eastman Kodak down. AT&T held near unchanged while Xerox and Johnson & Johnson rose about 4. Trading volume about 4.9 million shares.
MENTIONED IN THIS ARTICLE
New York
IBM
du Pont
Chrysler
Renecost
General Motors
Ford
Polaroid
Control Data
Allied Chemical
Eastman Kodak
United Airlines
Eastern Air Lines
U.S
American Telephone
William McCheskey Martin
Federal Reserve Board
At&t
Spiegel
Beneficial Finance
Xerox
Johnson & Johnson
Great Northern Paper
Marathon Oil and
St. Louis-San Francisco Railway
American Stock Exchange
Ford of
Canada
Mississippi River Fuel Corp Name Change Approved
Stockholders approve a corporate rename from Mississippi River Fuel Corp to Mississippi River Corp. The change reflects strategic branding for the organization. The vote outcome was finalized without report of opposition or related governance actions.
MENTIONED IN THIS ARTICLE
ST. Louis
Mississippi River Fuel Corp
Mississippi River Corp
Roche Elected GM President in New York
General Motors directors elected James M. Roche 58 as president and chief operating officer, succeeding John F. Gordon who retires under GM’s mandatory retirement program. Since September 1962 Roche has served as executive vice president and a director of General Motors.
MENTIONED IN THIS ARTICLE
New York
General Motors Corp
James M. Roche
Roche
John F. Gordon
General Motors
Treasury Position Report Shows Fiscal Year Totals
Washington reports Treasury balance figures by date with asset totals and gold holdings. The document lists debt totals and confirms debt falls within statutory limits while detailing securities values and various asset categories in the fiscal year figures.
MENTIONED IN THIS ARTICLE
Washington
The
Treasury
Tetafone OK
Abel Sworn In As Head Of USW
J. W. Abel was sworn in as president of the United Steelworkers of America, succeeding 12-year chief David J. McDonald after defeating him in the February 9 election. The ceremony in Pittsburgh drew labor movement leaders including AFL-CIO president George Meany, as Abel outlined plans for a new era. The slate includes Walter Burke as secretary treasurer and Joseph Molony as vice president, with 29 district directors, 11 of them new.
MENTIONED IN THIS ARTICLE
Pittsburgh
Abel
United Steelworkers of America Today
David J. McDonald
George Meany
Afl-Cio
Walter Burke
Milwaukee
Joseph Molony
Buffalo
N.Y
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