European Stars and Stripes (Newspaper) - April 13, 1963, Darmstadt, Hesse Saturday april 13, 1963 the stars and stripes Page 23 stocks bounced to 1963 highs new York up Stork crushed through to new 1963 highs on spurts of violent trn Dink this week Climax Lipf in president Ken Nedy s apparent approval of Selec i live Price inc Rencs for the steel trading Over the four Day pre 1 Caster period averaged better. Than 5 million shares Dally while the popular Avo Nurs ground out their sixth Consol ulivo weekly gain. Public interest in the Market showed signs of perking up after Long draught giving trading a less professional flavor than it has had since the current Bull Market began last october. Early in the week when the . Stock Exchange prices by United pram a in Altaic Lahmi Wailam Habitt a Tatami Allan hit aia Eca Malim altar us 3 a 4ih menu it Thuv 47h it a i tin he 4hint. U. I Uwon. 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Resident Hod delayed an Coster rip to Palm Beach fla., to study in steel firmed slowly Lute wednesday and through most of thursday Only to room ahead in he final hour of the week whence president indicated he might accept selective steel Price boosts within the framework of Supply and demand although he warned he Industry against a general Cross Thor Board increase the opinion was widespread when the Market closed that a additional 9 per cent jump n value pushing Dow Jones in us trials to a record High could vastly be in the considered us. Heel s easy crossing of the 50 Margate thursday to be one of the most bullish internal Market a Elo ments of the year. The charts showed that such a move a com tanned by heavy volume would Everse big steels Long Down rend. Standard and poor s 500 Stockn Dex closed at 68.17 for a moderate Aln of 0.40 on the week. In the 3ow-Jones averages. Industrial Rose 6.02 to 708.45, rails cd lube 1.84 to 156,87, utilities firmed 0.13o 137,58 and the 65 Stock com Wylte was up 1.87 to 249.23.despite the four Day week trod ing almost matched last week at22.175,104 shares against 23,611404. In the same Span of 1962 the mar Ket traded Only 15.924,308 shares,. Steel topped Market in activity and gained 2tt Points to 51. It was followed in turnover Byford up in to 50h, . Smelting Down 11% to 60, Chrysler up 314 to a 17-year High of 105% ands cat Western financial up 3 to 23% in a higher savings and loan group. He also said the Economy could not Ake so work stoppage in the rail Oad Industry. Rosenman sounded the warning As his three Man panel Settle Down with representatives of the carriers and the unions to seek a title mint of the dispute and head off a nationwide strike 60 Day hence. Rosenman said in convening Tremnel that its primary purpose was a submit a report to the presi Dent. But he added that it had uneven More important duty to help the parties Settle their differences by themselves and among Issue president Kennedy s appointment of the Board last week automatically barred a strike for 60 Days. Twas the final step available under the National labor railway act to prevent a controversy Over what the railroads Call Feather bedding revolves around Long standing Union rules which prevent the carriers from eliminating thousands of jobs. It reached the showdown state when the supreme court recently ruled that the Compa Lei were free to change the work rules. Between 65,000 and 80,000 Job would be eliminated under the pro posed changes. June 10 target immediately after Rosenman convened the Board the parties agree that the 60-Day Cool 1 Rig off period would be dated from Friday end ing june 10.rosenman called a strike in he mid the Public would insist on the parties resolving their differences without that or else they Wilt insist on having those differences resolved in some other Way but not by a strike or a lockout other members of the Board Are two Veteran labor mediators Clarks
