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The Daily Dow
FOOL GLOBAL WIRE
by Robert Sheard (TMF Sheard)

LEXINGTON, KY. (Apr. 23, 1997) -- Three strikes and you're... ? GENERAL MOTORS <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: GM)") else Response.Write("(NYSE: GM)") end if %> ignored the baseball umpires and dropped only slightly, despite a third employee strike in the auto industry going into effect.

Roughly 5,400 workers at General Motors's Pontiac East plant walked off the job after negotiators failed to reach a local contract agreement by the deadline just before midnight last night. The plant assembles Chevy C/K and GMC Sierra pickup trucks, among GM's most profitable lines.

The union is demanding more staff at the plant, but doesn't like the company's plan to hire temporary workers to fill the void.

One of the other two strikes is also against GM, at its Oklahoma City plant, which has been shut down since April 4 because of a similar dispute about staffing levels.

The third strike is against the number three auto maker, CHRYSLER <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: C)") else Response.Write("(NYSE: C)") end if %>. Chrysler's Round Mound engine plant in Detroit is on strike over outsourcing plans, and it's completely halted the production of Dodge Ram and Dakota pickups and Jeep Grand Cherokee sport utility vehicles.

In other Foolish Four news, CHEVRON <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: CHV)") else Response.Write("(NYSE: CHV)") end if %> was in neutral today after posting better-than-expected earnings. Earnings were $1.27, 35% higher than the same period a year ago.

(c) Copyright 1997, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool.

________________________________

The Current
BTD 10

  1. AT&T
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:T)") else Response.Write("(NYSE:T)") end if %>
  2. *Philip Morris
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MO)") else Response.Write("(NYSE:MO)") end if %>
  3. *Intl. Paper
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IP)") else Response.Write("(NYSE:IP)") end if %>
  4. * Goodyear Tire
    <% if gsSubBrand = "aolsnapshot" then Response.Write("
    (NYSE:GT)") else Response.Write("(NYSE:GT)") end if %>
  5. * Exxon
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:XON)") else Response.Write("(NYSE:XON)") end if %>
  6. General Motors
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GM)") else Response.Write("(NYSE:GM)") end if %>
  7. Chevron
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CHV)") else Response.Write("(NYSE:CHV)") end if %>
  8. Eastman Kodak
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:EK)") else Response.Write("(NYSE:EK)") end if %>
  9. Minnesota Mining
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MMM)") else Response.Write("(NYSE:MMM)") end if %>
  10. J.P. Morgan
    <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:JPM)") else Response.Write("(NYSE:JPM)") end if %>

NOTE: Foolish four stocks are preceded by an asterisk.
Updated Daily

1997 Foolish Four Model

Stock  Change   Last
--------------------
T    -   1/2   31.50
GM   ---       56.25
CHV  ---       66.63
MMM  -1  1/2   86.00
               Day   Month    Year
        FOOL-4   -0.90%  -3.66%  -7.80%
        DJIA     -0.31%   3.48%   5.65%
        S&P 500  -0.13%   2.18%   4.44%
        NASDAQ   +1.19%   0.45%  -4.95%

     Rec'd   #  Security     In At       Now    Change
   1/2/97  120 3M            83.00     86.00     3.61%
   1/2/97  153 Chevron       65.00     66.63     2.50%
   1/2/97  179 Gen. Motor    55.75     56.25     0.90%
   1/2/97  479 AT&T          41.75     31.50   -24.55%


     Rec'd   #  Security     In At     Value    Change
   1/2/97  120 3M          9960.00  10320.00   $360.00
   1/2/97  153 Chevron     9945.00  10193.63   $248.63
   1/2/97  179 Gen. Motor  9979.25  10068.75    $89.50
   1/2/97  479 AT&T       19998.25  15088.50 -$4909.75


                             CASH    $431.29
                            TOTAL  $46102.17

  

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