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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jun 03, 1975
Page
13
A dense OCR listing from the American Stock Exchange shows scattered company names, prices, and trading cues. The text weaves between vendors and firms with partial figures, making it difficult to extract a coherent single event or outcome.
Chicago Board of Trade futures eased across grains with corn wheat and soybeans down 5 to 14 cents. Soybean oil dropped 90 points while gold futures slid before late-session rebound as traders weighed favorable weather and crop production prospects against demand weakness.
The downturn remains deep and prolonged with high joblessness likely to top 10 percent this summer. Youth unemployment and minority groups face steep rates, while overall employment shows slight improvement lately amid sluggish wage gains and slipping real incomes.
The Dow Jones closing stock averages report figures for 30 Industrials 20 Transports and 15 Utilities with values for Friday at 846.60 for Industrials 14.31 for Transports 169.08 for Utilities and 1.23 and 80.71 and .89 for related metrics while Week Ago and Year Ago data are shown alongside Highs and Lows for 1975 and earlier periods. Market figures include 1974 and 1975 high and low marks for context.
STANDARD & POOR NEW YORK UP I A closing stock index roundup notes 1941 43 average at 10. Information highlights index movements across major issues, with a brief note on overall market tone and notable shifts among leading stocks.
The Ford administration asked Congress for authority to pay more than 6 percent on savings bonds by removing the rate ceiling. Treasury Secretary Simon told the House committee the rate could vary with financial conditions to aid savers and taxpayers. He also cited a $617.6 billion borrowing limit for the next fiscal year amid a temporary $531 billion cap set to drop July 1 to $400 billion, with debt projected near $533 billion by June 30.
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