Stock prices strengthen on New York exchange

Gains led advances by almost 7 to 4 on the NYSE, with 670 up, 394 down and 552 unchanged. Volume totaled 15.12 million shares after the first 90 minutes. Among the blue-chip issues, McDonalds rose 63 cents to $44.38, Procter and Gamble 50 cents to $73.50, Woolworth 75 cents to $51.25 and Merck 50 cents to $56.38. Advances led declines by about a 7 to 6 margin in U.S.-wide trading of NYSE-listed stocks, with 740 issues up, 644 down and 587 unchanged.

Full text: Toronto Star, Aug 19, 1988

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Costco Slates Big Securities Switch

With its shares trading at an all-time high, Costco Wholesale Corp. showed good timing last week in announcing a $108 million swap of debentures for stock. News that the company would issue 6 million new shares dimmed only slightly the glow of the company's stock. Trading at a record $24 a share on May 15, the day of the announcement, the stock dropped 5/8 on the news but moved back to $23 3/4 within two days. Costco's chief financial officer, Richard Galanti pronounces himself satisfied with the market's short-term reaction to the flood of new stock. As for the redemption maneuver itself he says, "It tremendously improves our balance sheet." (excerpt)

Full text: Puget Sound Business Journal, May 22, 1989

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Communications takeover derby paces stock gain

Stock prices gained ground for the second straight day Wednesday in a hectic session energized by two enormous takeover bids in the communications industry. The Dow Jones average of 30 industrials climbed 16.00, to 2512.32, on top of Tuesday's 15.62-point rise. Advancing issues outnumbered decliners by about 9 to 5 on the New York Stock Exchange, as volume swelled to 213.71 million shares from 187.57 million Tuesday. "It's hard not to be bullish," said Travelers Investment Management senior trader Susan Del Signore. "There's good action in several stocks." The bond market also showed strength, with prices generally rising.

Full text: Chicago Tribune (pre-1997 Fulltext), Jun 8, 1989

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Falling Interest Rates, Oil Prices Fuel Stock Surge

The Adolph Coors Co's efforts to boost the sales of its Extra Gold and Original Coors brands are detailed. Coors has renewed its marketing efforts in the wake of a 19% plunge in stock prices on Nov 8, 1990.

Full text: Denver Post, Nov 10, 1990

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Stock crash didn't hurt spending: report

NEW YORK (AP) - Stock prices wandered in a narrow range today, as blue-chip issues edged higher while the broader market was mixed. Declining issues held a narrow lead over gainers on the New York Stock Exchange, with 519 up, 584 down and 595 unchanged. Market analysts said a pair of new economic reports showing a rise in consumer prices in July and a decline in durable goods orders had been largely anticipated, therefore failed to provide much direction.

Full text: Toronto Star, Aug 23, 1988

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