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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Aug 12, 1969
Page
25
A layby view of real estate as an investment weighs high returns against high taxes, interest rates, liquidity limits, and large required capital. It contrasts real estate leverage with securities, notes tax and market risks, and previews debt as a hedge against inflation.
AP dispatch notes a slow trading session on the American Stock Exchange in New York as market activity remains subdued and routines proceed with limited volume.
New York markets declined after France devalued its currency with the Dow Jones average down 4.63 to 819.83 as trading slowed on the NYSE to 6,680,000 shares, the lightest since August 1967. nine of the 15 most active issues fell while six rose. The Amex also slipped with 552 issues down and 265 up.
Live stock and range sales summarize last weekend with slaughter steers steady to 50 higher and no confirmed heifer or feeder sales. Totals show 290 head slaughter steers with various weights and prices noted, including Holsteins and dressed beef categories. figures reflect current delivery and futures market movement.
Soybeans and grains traded moderately on the Chicago Board of Trade with gains and losses across products. Wheat closed steady to higher after early losses, corn eased, oats and rye moved lower, while soybean meal and oil showed mixed moves amid anticipation of the government crop report.
AP reports two Bank of America branches in San Francisco were robbed by lookalikes using simulated weapons. In the first heist a man fled the 38th and Balboa branch with $799. A suspect of similar description robbed the Powell-Post branch two hours later.
A Beach, California man vanished into a noon crowd on Post Street while carrying $300, prompting police to widen searches and appeal for witnesses. Local authorities urge anyone with information to contact the department.
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