N.Y. STOCK MARKET

Press, Volume CVIII, Issue 31827, 4 November 1968, Page 18

N.Y. STOCK MARKET

Bombing Halt Anticipated

(N.Z, Press Assn.—Copyright) NEW YORK, Nov. 1.

The New York stock market saluted. President Johnson’s bombing halt of North Vietnam with a brief opening rally, then quickly turned downward on election uncertainties and profit taking. Declines outnumbered advances by more than 200 at the close after having been roughly 500 behind near the start.

Volume contracted to 14.48 m shares from 17.65 m yesterday. The New York Stock Exchange index fell 22 points with the industrial index down 0.25 and Standard and Poor’s Industrials off 0.42. Move Discounted

Brokers said the market had discounted the bombing move in previous sessions and was turning to two further questions—the outcome of the. looming presidential election and how soon peace might come. Blue chips moved down with the general list. Savings and loans and some building shares gained. Golds were higher. Steels and motors lost ground.

Indices London —Financial Times. 1968 Indust. Govt Gold Oct.. 30 .. 488.9 74.71 65.3 Oct. 31 .. 485.4 74.71 66.5 Nov. 1 • • 487.3 74.83 64.8 New York.—Dow Jones. 1968 Rails Indust. Sold Oct. 29 267.08 951.08 12,340.000 Oct. 31 266.40 952.39 17.650 000 Nov. 1 265.37 948.41 14,480,000 Sydney —- 1968 Retail Ord. All ord Oct. 30 . 398.32 423.80 518.93 Oct. 31 . 403.14 427.19 525.55 NOV, 1 . 404.39 425.49 521.13