New York Becomes Crunch Point in Nixon Phaseouts
An informal Midtown survey shows more diners take leftovers home as beef shortfall grows. The piece critiques Nixon’s phased decontrol plan, noting rising prices, limited beef supply, and inflation signals while government officials seek gradual withdrawal from controls and assess long term effects.
MENTIONED IN THIS ARTICLE
Richard E. Mooney
New York Times News Service
New York
Washington
New York City
Secretary of Agriculture
Nixon
Business
Labor
Weekly Dow Jones Averages Reported by Investment Firms
New York AP dispatch summarizes Dow Jones weekly trading: first, high and low values for the week, last price, and net change. Firm listings show varied index figures across multiple lines with closing levels and minor shifts. States the week’s overall movement and ends with an AP note on the weekly close.
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New York
Market Ends Week With Dow Dip Below 900
The Dow Jones closed at 892.38, down 16.49 from 908.87, marking the first drop below 900 since July 17. The Associated Press average settled at 279.9, 3.8 under last week's 283.7. Brokers cited rising prime lending rates and higher interest costs as contributing to declines.
MENTIONED IN THIS ARTICLE
Dow Jones
Dow
Associated Press
Mixed Bond Market Sends Signals Across Sectors
In New York, Salomon Brothers reports a week of mixed bond results with long term gains despite higher money rates. Governments fell 4% to 2 points, new FHLB issues total 1.8 billion with yields from 9.75 to 8.75, short rates up 25 to 50 points, and Eurodollars rising. Utilities steady to down, high coupons soft, municipals showing scattered gains after three weeks.
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New York
Salomon Brothers
Federal Home Loan Bank
Treasury
Cotton futures end week firmer on New York market gains
New York cotton futures closed higher for the week with No 2 contracts up 3 to 7 points after intraday ranges of up to 505 points. Week totals show gains of 130 to 222 points, volume about 486,600 bases, daily average 97,300, and open interest at 1,783,300 bales, up 700.
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NEW York
New York Cotton Exchange
Commodity Exchange Authority
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