Peace feeler sparks brief stock market rally amid weekly decline
The week saw a fourth straight loss on the New York Stock Exchange with only a fleeting rally on Friday tied to news of possible peace talks with Vietnam. The Associated Press average fell 3.3 to 299.5, while the Dow slid to 826.05 and volume totaled 44,074,370 shares. Major movers included Penn Central, Chrysler, Schenley, and Peabody Coal, with optimism tempered by thin news and ongoing volatility.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
United States
Switzerland
Vietnam
Allen
Associated Press
Dow Jones
Dow Industrials
Dow
Penn Central
Chrysler
Schenley
Peabody Coal
Occidental Petroleum
Mohawk Data Sciences
Cities Service Plans Record 260 Million Expansion
Cities Service Co says it will invest a record 260 million dollars in growth and expansion this year. New facilities nearing operation in 1968 include an aluminum sulfate plant a butyl rubber facility a cyclic chemical plant and other processing units. Company notes 1967 expansion strengthens energy operations and expands chemicals in petrochemicals plastics agricultural and industrial sectors.
MENTIONED IN THIS ARTICLE
New York
Cities Service Co
Energy
Cities Service
New York Stock Prices Close Frantic Friday Session
New York stocks show volatile moves as Abbott Lab and Amex listings surge and fall. The AP market roundup notes high lows and closes across many issues with mixed results and several labeled dividends and special payments.
MENTIONED IN THIS ARTICLE
New York
Nickel study begun in Venezuela for potential production
Venezuela probes commercial production of its nickel reserves with preliminary studies led by the French LeNickel Company. Minister of Mines and Hydrocarbons Antonio Mayorbre announced the move as an initial feasibility step.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
LeNickel Company
Over the Counter Inter-Dealer Quotation Summary
NASD quotations reflect inter-dealer prices as of yesterday with no retail markup. Listed prices cover banks insurers and industrials including Fenkope Amerte Nat’l City Phoenix Bank and several life and fire insurers with various bid and ask figures.
MENTIONED IN THIS ARTICLE
Fenkope Amerte
Bank
W.Y. Soy
Chicago
Hon
Ucson Gas
Livestock prices drift lower at Chicago stockyards
Livestock prices eased this week at Chicago stockyards with ter delfers near steady while butcher hogs fell 25 cents. Slaughter lambs held steady and cattle receipts reached 274,409 for the week, with 12 major markets reporting 154,400 slaughter cattle and 263,900 hogs in total across the week.
MENTIONED IN THIS ARTICLE
Chicago
Abitibi to Acquire Cox Newsprint Mill and Timberlands
Abitibi Papers Co. Ltd. says it will buy a Cox Newsprint Inc. mill in Augusta Gap and timberlands in the Southern United States for Cox Newsprint and Co Wood Lands Co. of Dayton Ohio. The Augusta Gap mill can produce over 160000 tons a year.
MENTIONED IN THIS ARTICLE
Toronto
Abitibi Papers Co. Ltd
United States
Cox Newsprint Inc
Co Woodlands Co
Dayton
Ohio
Cox
Augusta Gap
AS&R Earnings Dip as Copper Strike Impacts Output
American Smelting and Refining Co. reports 1967 earnings of 5.16 dollars per share, down from 6.34 in 1966, with undistributed earnings of non consolidated subsidiaries at 0.42 versus 1.27. Chairman E M Tittmann cites copper impacts but notes progress including a 50 percent Mission Mine expansion near Tucson and expansions of three smelters and two refineries.
MENTIONED IN THIS ARTICLE
American Smelting Refining Co
As&r
E. M
Number Of Farms Still Dwindling Across U S
Dun's Review reports a sharp decline in farms and farmers in the United States. The magazine notes there are now half as many farms as 20 years ago and that since 1950 the number of farmers and farm workers has also been cut in half.
MENTIONED IN THIS ARTICLE
New York
United States
Dun
Business Management Magazine
Metals market closes mixed with varied futures closes
Oak-Silver futures finish with multiple contracts traded and varied close prices across months including March 225.00 and July 252.00. Copper futures fall 35 to 65 points with May 60.25 40 and July 4.85. spot nonferrous prices show copper at 38 cents and lead at 14 cents per pound in New York and Connecticut valley. London quotes for copper lead zinc and gold prices noted.
MENTIONED IN THIS ARTICLE
Connecticut Valley
New York
East St. Louis
Gilcasilver
London
Paris
Frankfurt
Zurich
Hong Kong
Local group forms to bid on large Tucson land tract
A local group plans to purchase a large tract near Tucson influenced by water and utilities access. The effort is framed as a hedge against inflation and shows active finance and real estate interest in the area.
MENTIONED IN THIS ARTICLE
Oppuriunit
Tucson
Star-Citizen
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Financial Review
By ED Morse
Robert T. Allen
Shearson, ‘Hammill & Co
Standard & Poor
Abbott Lab
Baker
Am Bosch
Armr_ aid
Aia
Man
Ody Ot
TY A
Muse West
Tiras
Clema
Arie Oa
Sv Ou
Mme
Wa SI
Tolne
Stee
Lgr
Iloraio
Ul Coun
Has
Wwa
Pa Ln
Nor
el Hove
Fifa
Toby
Watria
Nat
Ial d
Suyp
Asia
Aly
Elited Ptt Pittston
A. Polarald Ae Poor Co
Porter
Porige
Purexe Purolat
Raistp Pti
Ranco
Raybeste Rave
Unarco
Wai
Berne
Maha Wy Uy
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Sind
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Reue Am
Ren
Mis
USA
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Wy Fe
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de Aai
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Pilus
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Industrials Meer
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Ess Markets
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Sry
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Lavehier
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Sranfi Rien Rls
Rey
Eleae
Beck Shoe
Carolina Te
Abbatt’ Labs
Plains
Weo Scent Tn
Ua Corp de BE
Weuningtor
Mnam
Abitibi
As&R’s
Shaver
REPAR
Remington Schick Ronson
Noresco
Sunbeam Parts & Accessories
Fetterly's
Catalina Shaver CO
E.broadway
Bill Sa
Green's Peak
Bedkaway
White Mountains
Apache National Forest
Arizona
Scott
Vice Mire
Trtes, Inc
Eves
Dynalectron Corporation
Eer
Ft. Huachuca
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