Stock Prices Slip as Dow Falls and Investors Waver
The Dow Jones industrial average dropped 22.48 points amid 69.41 million shares traded on the Big Board. Analysts say the market may have bottomed but awaits clarity on Phase 2, inflation controls, and the international balance of payments. The AP 60-stock average fell to 313.0, while the S&P 500 dipped to 95.51 as the NYSE saw 1,858 issues with more lows than highs.
MENTIONED IN THIS ARTICLE
Com
Aoetgam
John Smith
Fahmnestock & Co
Smith
Dow
Wall Street
Associated Press
Standard & Poor
Wire rope maker expands Rochester mill and boosts jobs
The firm, which has produced wire rope and cables for 180 years, will expand its Rochester plant increasing local employment by about 25 percent to raise output of raw materials. President Ralph H. DeRubbo says integrated production helps stay competitive and curb material costs. Former Gov. Mills E. Godwin Jr. opened the mill with a test wire run. In Henrico, Gov. Linwood Holton broke ground for Nabisco bakery, creating 1,200 jobs with completion expected by late 1973.
MENTIONED IN THIS ARTICLE
Rochester
Ralph H. DeRubbo
Mills E. Godwin Jr
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