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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Oct 18, 1969
Page
23
Readable lines show stock and insurance listings with many named companies and figures. The fragment includes Amex related prices and multiple bank and industry names, indicating a broad weekly market rundown with numerous ticker figures and percent changes.
The market surged as peace talks in Vietnam and tests of 1969 laws boosted confidence. The Dow gained 29.10 to 836.06 for the week, the AP 60-stock average rose 9.9, and volume surged to 82,563,180. Institutions returned to buy, with many large blocks traded.
New York stock markets surged through inflation hurdles with high turnover as 82.56 million shares traded in a week. Tuesday and Thursday saw volumes above 19 million, the highest since 1968, amid Nixon administration optimism that inflation is being brought under control and Burns forecast rate cuts.
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