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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jun 24, 1975
Page
15
Chicago and New York trading floors show erratic moves across stocks and futures. The American Stock Exchange and related listings reflect varied gains and losses with notable activity in energy and industrials.
A snapshot of the fifteen most active stocks on the NYSE shows major names with varied closing prices and percentage changes. Stocks include Ryder Sys, MoMe Souttem, Co iSO, We tel, BIW, Am Tesh Tet, Mig, RCA, Edison, General Motors, and others with figures indicating price and daily movement.
A range of firms from a suburban furniture store to a candy maker have adopted arbitration over litigation. The American Arbitration Association blacklists 45 000 panelists across 1 600 communities for its Commercial Tribunal as it marks its 50th anniversary in 1976. Arbitration begins with an agreement to arbitrate or a submission to AAA, requiring only notice to AAA and the other party. The AAA is headquartered at 140 West 51 St New York.
A guide on submitting to arbitration with the American Arbitration Association. It explains tribunal administrators, hearing location decisions, arbitrator selection by mutual lists or administrative appointment, and preparation steps for presenting facts and exhibits.
A garbled AP listing appears to mix company names and stock quotes from New York markets. Readers see fragments like Micro Mask inc and Monterey Sys alongside assorted tickers and numbers, with no coherent narrative or clear outcomes.
Chicago Board of Trade futures tumbled on reports Russia bought Canadian feed grain, with wheat corn and oats sliding as traders eturned to liquidation. Weather weekend helped crops, pigs outlook muted demand, soybeans and oil weighed, July futures quoted lower across grains.
Washington AP reports the Treasury cash position on June 19 1975 shows operating balance and withdrawals for the fiscal year ending June 30 1975. It lists totals for operating balance net withdrawals and gold assets as of the date.
Dow Jones closing averages show gains for industrials and transports with week and month figures. The industrials index ends at 864.83 up 9.39 points, transports at 167.81 up 1.06, utilities at 86.50 up 0.26 after Friday trading fractions.
Standard and Poor's closing stock indexes for the 1941-43 average equal ten. UPI notes the averaged figures reflect market activity across key sectors. The brief cites the closing values and overall performance of the index series.
Seven weeks after SEC moved to flexible commissions, small brokers face revenue drops and antitrust concerns as institutional clients gain most discounts. Quick & Reilly Inc. slashes individual client rates, while big brokers stay near precompetitive levels. Regulators monitor impact, with potential return to fixed rates if competition harms public interest.
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