Week In Finance Settlement Falls Short Of Market Glow
With a railroad strike averted, markets failed to rise as expected. Rail issues gained, lifting the Dow rail index above 200, while the Dow industrial average and New York Times index posted weekly losses not seen since Kennedy’s assassination. The deal preserved the 100 mile work rule, adding about 74 million in costs while seeking tax relief on depreciation for a 4 billion rail investment.
MENTIONED IN THIS ARTICLE
Thomas E. Mullaney
New York Times
New York
Dow Industrial
Kennedy
Johnson
Treasury
Dillon
Internal Revenue Service
Rails
New York Times Business Index and Market Roundup
The New York Times weekly business index rose to 269.7 for the week ended April 18, with mixed moves across components as labor and autos led gains while rail and utilities lagged. Ford Chrysler and Studebaker reported strong first quarters, with industry profits up about 26.5 percent year over year, yet stock averages fell. Over-the-Counter issues firmed on selective buying, led by Franco Wyoming Oil, Anheuser Busch, and General Aniline, with profits and listings boosting several names.
MENTIONED IN THIS ARTICLE
New York Times Service
New York
New York Times
O-C
Alexander R. Hammer
Franco Wyoming Oil
Lazard Freres & Co
Franco Wyoming
Anheuser Busch
General Aniline
Sealch Power
Thomas Industries
Krylon and Zayre
American Stock Exchange
New Britain
Western Publishing
Commonwealth
Jessup
Lone Star
Kaiser
Associated Transport and Roadway
Consolidated Freightways
Morningstar Paisley
Chas. Pfizer
National
Also Mentioned on This Page
Bradford
Newark
Jamestown
Philadelphia
Pittsburgh
Cleveland
Detroit
Allegheny
Washington
Bradfight
Harris Ight
Burg
York
Forest
Allegheny Airlines
Bee Ee
By McFeetters
Tok
New York Times Business Index
Labor
Ford
Chrysler
Studebaker
Smudebaker
Lion
Aetna
Lincoln
Connecticut General
Business Men's Assurance
National Life and Accident
Glens Falls
Hartford Fire
Speidel
Penna. Bank & Trust Co
Reddy
Warren Loan
Liberty St
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