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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Mar 02, 1976
Page
11
Monday closing prices from the American Stock Exchange list Balad path be assets and changes across major stocks. The report compiles morning and afternoon listings with price shifts and notable movements among listed companies.
The clipping compiles commodity chatter from wheat and corn markets with price shifts and futures notes. It references prices, supply signals, and treasury data alongside regional notes from New York Chicago and Los Angeles, highlighting market tone and notable shifts.
The piece surveys 1975 IRS rulings on medical expense deductions, noting that counseling, hotel meals during treatment, ballet tuition, readers for the blind, and travel aid for disabled professionals may or may not qualify. It clarifies thresholds and reports on favorable rulings and taxable discounts from dividend reinvestment.
The Dow Jones closing averages show 80 industrials, 20 transport, and 15 utilities. Friday’s close at 972.61 with a 6.22 point drop, and 975.36 Monday. Also references 1976 highs and 1975 low figures, with various index stamps and miscellaneous figures.
Standard and Poor's closing stock indexes in New York show the 1941-43 average at 1. The report notes shifts in the market metrics used to gauge overall performance and investor sentiment.
A volatile Monday on Wall Street closed with a slight gain as the Dow rose 2.78 points amid light volume of about 67 million NYSE shares. Fed policy signals weighed, Teledyne jumped 6 percent after a tender offer, Merrill Lynch rose, and index levels edged higher with S&P 30 at 100.02 and the composite near 53.50.
The Los Angeles City Council on Monday voted 13 to 1 in support of federal bills increasing government oversight of gas and air exports. Councilman Donald Lorenzen dissented as the panel passed a resolution backing the Continental Shelf Management Act of 1975 by Senator Henry Jackson and a similar House bill by Representative John Murphy.
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