Dow Tops 1000 Level on Strong Market Day
New York The Dow Jones Industrial Average jumped 14.57 to 1,003.19 as volume surged with 27.81 million NYSE shares traded. Analysts cite Fed policy preventing rate hikes and positive data on industrial output, personal income, and housing starts as key factors behind the broad advance. Assets of U.S. life insurance firms rose 9.8 percent in 1975, more than double the prior year’s 4.3 percent increase.
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Institute of Life Insurance
Stocks in Over The Counter Markets Reported by Wheat First
Quotations supplied by Wheat First Securities show representative inter dealer quotes around 4 00 p m. Inter dealer markets fluctuate during the day and the figures exclude retail markups markdowns or commissions. New York AP notes the stock activity and quotes.
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Wheat First Securities, Inc
SCC Set Oct. 18 for VEPCO $102 Million Rate Hearing
Public hearings by the State Corporation Commission on Virginia Electric and Power Co.'s request for a $102 million rate increase begin Oct. 18. VEPCO says the surcharge would add $2.51 monthly to a typical residential bill, with hearings at 10 a.m. in the SCC courtroom and witnesses welcome at 9:45. The company seeks a 9.6 percent return on Virginia investments, a figure the commission earlier deemed fair but does not guarantee.
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