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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jun 17, 1975
Page
23
A dense OCR fragment shows many company names, numbers, prices, and sales totals across exchanges. It reads like a stock market page with columnar figures for closes, volumes, and various corporate names, some cut mid-entry, reflecting a broad securities snapshot.
Chicago Board of Trade sectors rise as corn soybeans and wheat gain 6 to 10 cents, oats up nearly 2 cents, and soybean meal up about 3 dollars per ton. Gold weakens, and sharp trade volume follows weak open with profits taken then renewed buying later in the session.
NY AP reports mixed over the counter quotes from NASD dealers with prices at 9 AM. A long list of tickers and values appears, including Golden State Funds, Gen Tel, Coors, Lincoln Martin Arden, and Transocean, among many others, reflecting a snapshot of retail market quotes and corporate names.
A clipped stock market fragment mentions Pacific Coast Exchange and various companies such as E. F. Hutton & Co. and Amer. Pacesetter. The text lists multiple firm names and stock notes, plus a brief bundle of agricultural grain arrivals for Carlota, including hay, flour, wheat, sorghum, corn, and no valuations for vats or barley.
A veteran oil investment guide explains that profits trump tax perks, urging investors to join experienced independents, spread risk with mixed drilling programs, and choose pros with real business and drilling success. It stresses putting 85 percent of funds into hunting oil and balancing general and limited partner roles.
Dow Jones closing averages are listed for 30 industrials 20 transportation 15 utilities with figures for the current period week and month as well as year comparisons. Data shows declines in some groups and highs and lows for a historic range including 1975 and 1974 records.
In New York the Standard and Poor's indexes closed with results reflecting the 1941-43 average. Market activity showed uncertainty as investors weighed bond and stock movements amid wartime economic signals.
Industrial output in the United States fell for the eighth straight month in May, underscoring ongoing concerns about a potential recession. The report highlights weakness across manufacturing and mining sectors as energy and durable goods demand remains soft.
Two brothers including a former IRS employee in Fresno were given suspended sentences after pleading guilty to conspiracy and defrauding the federal government by filing numerous false tax returns for refunds. Eddie Gomez received four years and a $1,000 fine. Ruben Gomez got three years and a $1,000 fine.
A notice claims harassment by the S E C or state securities commissions and advertises a legal brief asserting their unconstitutionality. Endorsed by a Pentagon general, it lists Anon Enterprises Drawer 1830 San Pedro California 90733 for contact.
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