Stock market closes higher as gains outweigh losses
U S stocks end week with a higher close on Friday led by gains in Steel and savings loans amid talk of a tax-spending deal. Dow edged up while specific movers include Glen Alden Occidental Petroleum Hooker American Telephone IBM and E G and G with mixed results across sectors and volatile late trading.
MENTIONED IN THIS ARTICLE
New York
Acting
Nson
Glen Alden
Occidental Petroleum
Hooker Chemical
Inland Steel
American Telephone
Eg&g Inc
Great Western Financial
First Charter Financial
IBM
Dow Jones
Congress
Bethlehem
Savings
Imperial Corp
California Financial
Oxy
E.g.&g
Atomic Energy Commission
AEC
DuPont
Xerox
American Stock Exchange
Hercules Galion
Commonwealth United
Bunker Ramo
Canadian Homestead
Essex Chemical
TST Industries
Botany Industries
Pancoastal Petroleum
Insurance Companies May Merge
United States Fidelity & Guaranty Co. directors authorized an offer to buy all Glens Falls Insurance Co. stock. USF&G has acquired 289,382 shares since May 1 at 52.50 dollars, about 20.7 percent of Glens Falls' 1.4 million shares. The offer runs until June 17. Glens Falls, a fire and casualty insurer with a life subsidiary, posted 1967 premiums of 147.27 million and end-year assets of 291.95 million. USF&G reported 496.29 million in premiums and assets of 1.1 billion.
MENTIONED IN THIS ARTICLE
Baltimore
U.s.f&g
Glen Falls
Interdealer Price Snapshot and Market Notes
NASD quotations reflect representative interdealer prices at 1 p.m. today with market moves ongoing. prices exclude retail markups. Includes banks and insurers such as Arizona Bank Bank of America Shemical Bank NY First Natl and other listed firms. stock sale era details and addresses appear in the notice.
MENTIONED IN THIS ARTICLE
Arizona Bank
Bank of America
Shemical Bk
Trent
Ill
Chicago First Nat
Nanufacturers
Hanciorgan Guar
N.Y. Valley
Psa
Builders Face Shaky Future as Housing Demand Pressures Rise
The AP reports a housing survey from The Exchange showing housing starts near 1.5 million may hold through 1970 despite tight money and higher costs. Analysts note land labor and materials costs drive up prices while interest rates above 4 percent challenge buyers. projections vary from 1.24 to 1.5 million starts for the year with 1.7 to 2 million potential demand in the 1970s.
MENTIONED IN THIS ARTICLE
New York
The
Exchange
New York Stock Exchange
United States
Census Bureau
Chicago
Burnside Construction Co
George W. Christie
F. W. Dodge Co
Christie
Business Week
U.S. Plywood
Tucson Tourism Budget Faces Advertising Cost Hike
Wilbur notes a $4,000 rise in production expenses within the new tourism advertising budget from Kossack Advertising for the Chamber. The increase targets photography and creative work, with a total proposed production of $11,000 up from $7,000, while billboard standards and the Olympic Pavilion funding are under review. A next committee meeting will refine ad content and the overall tourism budget, with city and county contributions still to be finalized.
MENTIONED IN THIS ARTICLE
A. E. Randall
Chamber of Commerce
Chamber
S. J
Howard Miller Jr
Kossack
Smith
Stan
Phillips
Olympic Pavilion
James N. Corbett Jr
Plan to Develop Kohala Coast Hawaii Site for $250 Million
Eastern Air Lines Dillingham Develop ment Corp and Rockefeller's Olohana Corp announced a joint plan to spend about 250 million dollars on developing 20 square miles along the Kohala coast of Hawaii. The project envisions a recreational tourist and residential complex.
MENTIONED IN THIS ARTICLE
NEW York
Eastern ‘Air Lines
Dillingham
Ment Corp
Laurance
Rockefeller
Olohana Corp
Kohala
Island of
Hawaii
Ment
No Ladies Allowed at London Stock Exchange
The London Stock Exchange rejected admitting women as members with only 32.7 percent in favor among those polled.
MENTIONED IN THIS ARTICLE
London
London Stock Exchange
Exchange
Also Mentioned on This Page
Caeson Daily Citizen
U.S. Steel and Republic Steel
Seeeig Ee
Ny CO
Sraeesaeees
Klin“ T
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Ees
Insurance
N.Y
National
Lenn
Fem
Nis
Stern Aeareren
SVGQS
St. Industries
vTove
Howate Znquinee Inetic Relahi
Eenee Taeen
Abacus
Wallace Busin
Wee ™ S
Eridav
Ange
Airlin
Aiva
Son Aval
Ctfin
Pic
Bish Lew Clesa
Va Cc
Pfl
Serber
Joeing “Oise
Alser An
Weg
Org
Dyna
Erin
Chemway
Thes Ohio
Thesebro
nicEast
Igiw Pt
Ue Music
Carip Ct
Daw Sont
rayOrg
Tahold Ae
Xcello
Fa Foica
Ei Inc
Wat
Joy M
Ve “A
Iaistp
Tanco Inc
Av Het Sa
Aee
Epuals
Repubst
Everer
Exall
Rheingol
Qs Sant
Mrte Ryde
Asia
el Iin
Ingerco
Liv
Ust
Fai Tay
Pittston
Davis
AaVatan
Ae Ac
Unishops
Uinisens
Eng&Falt
Thiok
ROM AG
Eh Aate
Biel On
Orth, Co
festuEl Veyberg
Whittal Wickes
Lwittian
Indi Hiseip
Wrigley
Wurlitzer
XeroxCo Xtra Inc
Zurn and
Rjiv
Tad
Associated Press
Uty
Wilbur
Tucson
Richard FE
Citizen Business Editor
Automobile
General Motors
Chrysler
Inc
MTR
American Mee
Stow
Reparable
Schick Ronson
Norelco
Sunbeam Parts & Accessories
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CO. E. Brardway
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