PAGE TWO

TIRE MICHIGAN DAILY

PAGE TWO TUE MICHIGAN DAILY

Market Breaks 10 Day Slump;
Dow Jones Cimbs 12Points

NEW YORK P') - The stock,
market staged one of the biggest
rallies of the year in heavy trad-
ing yesterday.
Some prices were whittled by.
profit taking near the close.
Glamor stocks and blue chips
joined in the advance which was
considered by some brokers as
mainlya a technical rally from an
oversold condition.
It was the second straight strong°
advance after the market declined
in 10 of 11 sessions.
The DoW Jones. average of 30,
industrials closed at 788.41, up
12.69 points for the day.
The rise came several days after

the end of a ten-day period of
decline.
Analysts say that high interest
rates have lured investors from
stocks to other, better yielding
forms of investment. Wage and
price increases and threats of un-
ion-management conflicts in'sev-
eral industries have contributed
to the uncertainty of stock buying
in August.
August also has seen .a decline
-in homebuilding. Building con-
tracts are off 25 per cent. Builders
say they can't find financing for
.construction, and potential hoTne
buyers say they cannot find mort-
gage funds for high down pay-
ment and interest charges.

Congress has voted funds to re-
plenish the dried-up mortgage
market, but there were no signs
through August of decreases in ei-
ther building or financing costs.
Analysts attribute the two days
of stock market strength to in-
creased short covering: buying of
stock to repay stocks previously
bought. They see this development
in increased buying of glamor
stocks. Sales of more moderate
stocks, which usually reflect mar-
ket conditions better than big-
name stocks, were unchanged.
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n
EmxsOAPNTER RAD
OPEN 7:00
NOW SHOWING
Excitement
clings
Newy1nian

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THURSDAY, SEPTEMBER 1, 1966
FREE
HAYRIDE
sponsored by Baptist Student Union
Friday, Sept. 2
Meet at 7:30 P.M.-at 1 1I31 Church St.
Call 663-0810 for information
EVENING OPTIMIST CLUB
presents
Outdoor 'Band Concert
FRIDAY, SEPTEMBER 2 . . 9-12 P.M
featuring RICH BLOCH and HIS GASLITERS
at GERMAN PARK (5 miles north on Pontiac Traill)

0I

11

2nd
Week

- ectton t modern oolin
Shows at 1 :00-3:40-6:10-8:45

Dial
5-6290

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LIT
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WITH
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PAUL JULIE
NEWMAN ANDRE WI
9-v

Is isiarperi
TECHNICOLOR
Shown at 7:50 & 12:15
ALSO-
A MEADWAY-CLAUDE production
CLUMBIACOLOR
PLUS: "RODEO ROUND-UP" Color
2 COLOR CARTOONS

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Donation $1.00
Bring Identification

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"A STUNNING PICTURE THAT KNOCKED US OUT OF OUR
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AU1.RED
HITCHCOCK'S
CURTRIN'

ACADEMY
AWARD
WINNER
"BEST FOREIGN
FILM OF THE
YEAR!"

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Dial 662-6264

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EXCITING
ALL-COLOR
FEATURES



SEE APA, I NANN ARBOR
PRIOR TO BROADWAY!

WINNER CANNES STREET L
INTERNATIONAL FILM
FESTIVAL SPECIAL
ACTING AWARD IDA KAMINSKAawJOSEFKRONER
WINNER CANN ESMUCTED avJAN KADAR na ELMAR KLOS
PROuJED syTHE BARRANDOVFILM STUDIO
AWARD 1965 IsED BY PROMINENT FILMS
"MASTERFULI ONE OF THE.
GREAT FILMS OF OUR TIME!"
-WILLIAM WOLF. WUE MAGAZINE
TRULY SUPERB! BRILLIANT!" Cooled by Refrigeration
-ROSE PELSWICK, N.Y. JOURNAL AMERICAN

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Subtitles

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the all-school musical
Mass Meet ng
TUES., Sept. 6, 9:00
THE LEAGUE BALLROOM

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THIS PROPERTYIS CONDEMNED
.BER RERFO
CHARLES BRONSON' E REID
k A Aa pr S A JOhN H USEMAt4 frt SYUEY P(LLACK
sw FRANCIS FIO COPP0L A F1ED COE aEDITH AMMER{~:
F N.I a p Yii.;..S.. IL S TECliI C LOR :.
Feature Times Today 1:35-5:40-9:45

for 1967.. *0

PLUS


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TWO PRODUCTIONS
* COLE PORTER'S .
Riotous hit musical
ANYTHING GOES

plus

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a f NRNWW
! - 11lilf SNevuoi.rM

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