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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Dec 03, 1968
Page
29
UPI reports Monday trading in New York ended mixed as investors took profits and dampened the early bid for shares. Market breadth showed declines in several sectors while others steadied, leaving major averages with modest moves and cautious sentiment prevailing.
Los Angeles officials announce an $8,634,000 federal HOME grant for East Los Angeles, aimed at upgrading 6,800 homes in a Mexican descent majority area. The project totals $11 million with county matching, offering direct grants up to $3,000 and 3 percent 20 year loans for low income homeowners.
Squelch Rally lasted, with 1,600 issues crossing the tape as declines edged advances 705 to 677. The Dow Jones average slipped 1.74 to 983.34, and the NYSE index edged down. Volume totaled 15,390,000 shares. Texas Gulf Sulphur led 15 most active issues, up 3 to 3914 on 542,000 shares.
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