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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
May 31, 1969
Page
19
The American Stock Exchange reports a busy week with varied moves across sectors. Trading totals show notable activity in data processing and electrical equipment names, while several industrials and consumer goods firms posted mixed results amid fluctuating prices and volumes.
Stock prices fell during the holiday-shortened week amid fears of a prime lending rate increase. The UPI index slid to 124.82, with 1,091 declines and 450 advances among 1,700 issues. DJIA dropped 9.89 to 937.56. Burglars stole a tape deck from a Long Beach car on Artesia Boulevard.
The week saw a second straight decline as investors grew wary of the Federal Reserve's tight money stance and potential liquidity shortages. Analysts noted mutual funds holding higher cash reserves could fuel future buying, while the Dow slipped to 937.56 and volume reached 42.7 million shares.
A couple compares a $7,048.92 mutual fund investment with reinvested dividends to a hypothetical 5 percent savings account. They note $563.91 in commissions and a current value of $7,227.30 but poorer performance overall, and discuss no load funds versus regular funds and a Pentagon rule on selling to military personnel.
Fragmentary OCR shows firm names and numbers on a New York Stock Exchange page. It includes company symbols such as Westinghouse Woolworth and Wrigley, with percentage figures and line items suggesting a market display.
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