European Stars and Stripes (Newspaper) - October 06, 1964, Darmstadt, Hesse Tuesday october 6, 1964 the stars and stripes Page 23 Brief Dock strike raised scare and threat persists new York a a brie Dock workers strike raised n scare last week in an Economy already worried by a walkout against general motors the strike of the International longshoremen s association lasted Only a Day. President Johnson invoked the Toft Hart Ley act and a Federal judge or dered the strikers to re turn to work. The Union sent its men Hack to work immediately and the Idle ports from Maine to Texas came to fact finding Board a by the president Tali Frederick Bryan in new Yorkshat the strike would imperil the National health and sources had Esti mated that the Economy would lose 120 million every Day that the walkout was in court s order will be of of Celivo until oct. It. Argument son in injunction which would make mandatory an 80-Day Cool ing off period were set for oct 8. Meanwhile the United autoworkers strike against general motors dragged into its second week. Some Progress was reported i negotiations in the pm strike thai has idled More than 250,000workeri across the nation. Efforts were directed at settling local demands by the Law left 80.000 workers on the Job at pm plants which produce parts for competing Ford motor co. And chryslercorp., which already have reached agreement with the Union. However pm began laying Ofeno striking workers As it ran out of storage space for . Inlaid off 5,000 workers at Buffalo and Lockport ., and planned Active session advances stocks to record High new York a the Slock j front which Market made a Strong Urt Vanco nonferrous to another record monday. Trad ing was very Active. The Market was higher at the Start following Friday s Advance. It moved ahead sharply in the first hour on news that general included the steels metals electrical equipments chemicals Al crafts airlines railroads utilities and i most of the aulos. It was a Broad Market with1.360 issues crossing the tape. Of these. 706 advanced. 390 declined and 2m vere unchanged. New motors and the United Auto workers had reached a tentative highs for he year Rose to 75 an agreement which could Lead the new lows declined to 7. Way to an end of the strike volume Rose to 4.850.000 share against pm. From 4,370,000 shares traded other encouraging news was a i friday.3.3 per cent increase in . Steel output last week. The Market was sharply higher going into the final minutes. _ some profit taking toward the1 strike l-.nit1close left most stocks below their Oil Civ a full Best Levels of the Day but the Market remained substantially higher on gains ranged from fractions to around three and poor s 900 Slock Index Rose .38 to anole or All time High of 84.74. The s and p 429 industrials Rose .41 to another High of 89 72. The Daw Jones 30 Industrial Rose 4.90 to a new High of 877.19. The Advance was on a Broad Comsat directors election certified after recount new York up Slock traded Over the counter last week quotation Bureau s Index of 39 representative Industrial issues ended the week at 174.99. Up 0.09 from a week ago. Were National mexican Lender to a lilt lbs Washington a the communications satellite corp. Has certified the election of six directors and announced the first formal meeting of the boar will be held Here this week. A recount of the votes cast Ata meeting of stockholders had delayed certification of the Choice of six directors represent ing Public shareholders. The re Waterfall Park _ _ to be background subscription to added 2 i. Cal v i. A gained 7. Pacific Southwest p of dont lit airlines picked up 2j4 and cull inn gained 1. Cannon Mills added i and fid Crest Mills 1m-in the insurance Section Amer ican ii Noral spurted 6 4. Easter Mexico City up Presl life 4 and la Alford sea boiler Dent elect Gustavo Diaz Ortiz of5. .,.,.mexico will spend a weekend among the Banks traded. Bank with president Johnson at the ers Trust added 2%. Chem Onul i new York up the Franklin National Bank revealed plans to build a Branch in the heart of the garment District that will be surrounded by a Parkland a Waterfall. Count reduced vote totals slightly but did not change the re elected directors Are those originally appointed by the lat president John f. Kennedy to help organize the include Leo d. Welch who has been serving As Board chair Man and Joseph v. Charyk president others Are David m. Kennedy of Chicago George a gluon of Sanfrancisco and Leonard Marks and Bruce g. Sundlun of Wash named by president Johnson and six have been chosen by communications Carrier firms. Lbs ranch in november. And first National City i. Closing Stock Market prices Alp radim in. Alum Ltd it Amarada Mam Cyan Iff. Am Fly la am mat it am Phat 7h am t t my am Tab m Anaconda h a in a o a Ait lab or i at int my ath Slamal 4lfc Aam. My rum wok at can Paa 4fh Carp my 41cater trac my Canca in 47h Enaa a o t7 i Chr Yalar ath Call pal 41cantl Oil 71 aug air a Ida com 74. On Pant 174v. Baat Kad ill i pair Cam 4 Pard us Oan on my. Between fifth and sixth Bank itself will occupy Only one tenth of the 5,800 Square foot american Board stocks irregular As volume fell site which will be 100 feet deep la into the Block. New York up Stock moved irregularly on the Ameri can Stock Exchange last contracted. Turnover amounted to 8,331,345 to Idle another 4,000 at Flint Mich. Elsewhere on the labor front a nationwide strike against Gen eral electric co. Was averted when the company and the inter National Union of electrical workers reached agreement an hour before a strike had been apprehension that the pm strike would Hurtt a steel Industry but Iron age a Trade publication said the steel Market would not be affected for several weeks. Iron age said indications were 1 that pm. Which uses about 53per cent of All automotive steel would continue to build up it steel inventory. However a Long strike would make itself Felt bythe steelmakers. Two weeks ago steel production dipped for the first time in eight weeks. The output of 2.480,-000 tons was off 1 per cent from 2,501,000 the previous week but still was very close to the year s the other hand the pm strike Cut sharply into Automo bile production. Output last week slumped to an estimated 88.712cars from 150,924 a week ago and 114,025 n year pm s 23 Assembly plants closed Ford stepped up its out put by scheduling saturday work at 10 of its ii plants. Eten keel the final Quarter of the Yea arrived with business otherwise on an even keel although some late summer statistics showed tool orders in August fell 15 per cent to $89.63 million from $108 million in july but were 33 per cent above a year in the first eight months of this year orders for lathes Grinders and other Metal cutting tools to tales $660.9 million up 48 per cent from a year earlier while orders for forming tools such As stamping presses jumped to1278.4 million up 122 per cent from the similar 1961 contracts awarded in August declined 7 per Cen from August 1963 to $3.759,833, 100. However for the first eight months the contract total was i per cent higher than for the 1m1 Mia Adwaar our Oil Hana Wall ii Mirt Nick i magma Catl Pala raid m. Tract a o thu Ria 47 i raxbmim4 Raglan if. May mat 411 a Yoda to. R a mar la i Ray out i Ken. -,-1 Marck Mcminn Mam Mandan cd Mant Ward mater a Nail dial to. No can 1711. N. Am a lit Nart nip my. I bulb mar 7. I pan am i Pant film to Tnp rain Scarb Ulii prime rub the remaining area will be landscaped with shrubs and Trees and will contain benches to enable Bank customers and workers in the area to enjoy some Ope Green space in the heart of the rear of the Park will be dominated by a two Story highwater Cascade which will extend along the entire Width of Therea. The water will flow Down the rippled surface and spill into a reflecting Pool. No water will be since it will be reused. 1,328,380 shares in the same week last year. Magellan Petroleum topped the Market in activity rising it to bv4 on 329,600 shares. Koto Chrome was second gaining 2k to 11% on 319,300 shares on rumours it was discussing a merger with another company. Foto Chrome denied the reports. Syntax was third up 4 98% on 268,100 shares and Rama was fourth with a gain of1/4 to 4 i on 249,400 shares. Cutter labs class a Stock was also Active. It Rose 2vi on news 4h at Cine Augusthy july i be opined next hat it has developed a drug to " m open a in increase Fertility in women. Some of the women involved investing the drug had multiple births. Culler class b share added 1%. Data control Rose 3. Carny orders a dropped 5 per cent from to total of $37,519,000,000 to $37. 150.00v,000.american Telephone co., Volch has the largest number of shareholders of any corporation reported record earnings for the three months and the year ended aug. 31. In the Quarter a tact profits totalled $419.629,000, or 81 cents a share against $383,147,-001, or 78 cents a share. In the similar 1963 Quarter. In the year earnings amounted to $1,1 000, or $3.19 a share compare with $1,441.958.000, or $2.9 a share. In the previous year. San franciscan nominated Washington up Wen Dell w. Witter of Dean Witter 4 co. In san Francisco has Bee nominated for president of the investment bunkers association prices from Merrill Lynch. Pirrce._rencr__8nillh. Frankfort of America. Firm May work old Colorado Silver mines Salt Lake City h a by Ltd Lunray o 71 1m.200 m1chry.1.1 to 40v, b i american Stock week Iso mines uranium in in and Silver a Jujj Ujj 1m.mo 141.400k700 111.400 i41joo iu.700 lot.toc17.500 7.soo Inge last Pul an air. A i i a t � t �1.too is us my a Clou Clung Lanai 171.100 b 4�� a h a. F h w Novua ii w a m ii in Oan Tal a � a Kwh. Moa Small 1hjoo m m 1mb a a 4. It curl la pub i&7.10d u b aft 1otb by my 4 h Ria iu.400 j2h 11v. It in fam swi my 7� a Gan Malar. 1iojoo Tooh Mamm h 1ft2�1 v1 m Chapm n 141,400am m of m Ray me b 134joo 1t a 1m4
