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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jan 23, 1975
Page
32
A dense market page shows mixed futures and stock prices with broad declines in corn and oats on the Chicago Board of Trade, soybeans and wheat facing larger limits. Gold rises slightly as liquidations ease after early trading, while bond-like issues and commodity indices move with caution.
Financial brief notes the Pacific Coast Exchange as a market listing from F. Hutton & Co. Details are sparse but indicate a stock quotation or commodities reference within a dated financial column.
Chicago Board of Trade futures show wheat and corn wavering with soybeans and meal edging higher. Prices for soybeans settle near six-dollar levels while corn and wheat fluctuate amid thin volume and regional demand signals.
New York reports steady early weighed price index for 30 basic commodities. Citrus market shows steady prices with Sunkist auction figures for first grade oranges around 4.47 to 5.99 per unit, including varied grades and sizes.
Fragmentary AP dispatch from Los Angeles notes arrivals at a hay and grain market with lines mentioning Alfaita Carin and quantities 14 flour 8 sorgnum 34 Ray.
Sylvia Porter argues for year round use of public schools as community education centers to reduce tax burdens, meet older adults needs, and curb vandalism. She cites federal support, state legislation, and existing networks while urging local action to repurpose schools for all ages and tasks.
Dow Jones closing averages show mixed moves with the industrial average at 652.61, up 10.71. transport 152.70, up 0.13. utilities 77.26, up 0.16. Comparisons list Tuesday, week and month figures, plus 1974 75 highs and lows for each index.
Standard and Poor's closing stock indexes ended the day with mixed results as traders weighed early losses against modest gains. The 1941-43 average stood around the 10 level, reflecting cautious investor sentiment.
Treasury officials said they will need to borrow about 28 billion dollars over the next six months to finance the anti recession program. They said this is seven times the peak in five years and the heaviest financing since World War II.
The Treasury plans a series of short term bills and long term notes totaling about 28 billion dollars to expand money in circulation. Auctions will offer 3.25 year, 6 year and 25 year notes with minimum 1000 dollars for small investors. Additional 8 billion in notes expected February 19. financing tied to Ford anti recession program and potential further borrowing if Congress resists 17 billion in spending cuts.
On February 6, 1975 at 10:00 am on the terrace east end of the Ralph C Sutro Co building 4900 Wishire Boulevard Los Angeles California Western Conveyancing Corp as trustee under a Deed of Trust for Henry V Ferguson and E Ferguson will sell the property Lat in Block 10 of Tract No 565 to satisfy indebtedness secured by the Deed of Trust recorded February 11 1974 instrument 1279 in Official Records. Dated January 4 1975 By Joanne Bactewski Assistant See Pub Jan 6 3 3 1975 Gu.
In the Superior Court California Los Angeles County the estate of Hazel M Magor Conservatee. The conservatee’s right in real property described in the notice may be sold at private sale after February 3 1975 at the office of C Duane Mooney 420 Long Beach California upon confirmation by the court. Ruth M Cahill Surrogate Public Jan 2 3 1975.
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