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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jun 29, 1971
Page
13
The New York Stock Exchange recorded a 9.8 million share day, the slowest session of the year, as traders absorbed cautious cues and mixed corporate news. Volume lagged behind recent averages while blue chips showed muted activity.
Stocks edged lower with the Dow Jones Industrial Average dipping to 873.10 amid thin volume and investor uncertainty. Analysts noted caution ahead of second quarter earnings while program trading and sector swings shifted the market, rails and utilities rallying while airlines and metals weakened.
RCA unveils a crystal storage concept about the size of a soap tube that could hold photographs called holographs. The crystal would project images when passed through and reportedly erase none of the stored data. The main advantage is rapid activation speeds, potentially far surpassing current computer storage.
Washington AP reports average short term Treasury rates edged higher in latest weekly figures. The 6 day bill averaged 5.06 percent, up from the prior week, with the 18 day bill at 5.277 percent, the highest since November.
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