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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Oct 22, 1975
Page
20
In Los Angeles, no change in alfalfa and grain hay prices, market remains steady to firm. Carrot arrivals report 98 hay, 17 sorghum, 8 flour, and barley with no oats or wheat listed.
Market notes show Wheat No 2 hard winter at 3.98.7 and No 2 soft red at 27 Sun box. Oats No 2 white also listed.
The piece argues for unit pricing in supermarkets, noting it reduces price comparison errors and may lower annual food costs. It highlights poor public awareness, confusing labels, and calls for better publicization, legislative action, and consumer pressure to ensure accessible unit price information.
UPI reports New York closing stock indexes with the 1941-43 average. The data show industrial, transport, and utility averages for Tuesday and Monday, plus 1975 highs and lows and related figures across several index groups.
Sen. Hubert Humphrey proposes to curb the Federal Reserve by cutting governors term lengths to seven years and giving the President power to name the board chair. The plan adds diverse expertise on the board, reshapes the Open Market Committee, and requires quarterly congressional reports.
Chicago Board of Trade futures tumbled on Tuesday with soybeans and soy products posting limit declines. Corn and wheat also fell, oats dropped, and red meat futures drifted lower as traders extended profit taking despite the Russia grain purchase agreement.
Pacific Coast Exchange summary of company listings includes Amer. Pacesetter Alta Corp Crestmont DWG Corp Great Basin Pet Wrts Magellan Pet Merchants Pet Norris Oi Co Pacific Gas Trans W2 Res Ol & Gas Siboney Sundance Oi Co Texas international Pet Corp Trico Ind United Canso Zoecon Corp and other entities at close of trading.
C Arnholt Smith, 76, tied to multimillion civil suits from his business collapse, is set for arraignment on DUI investigation in San Diego. He was arrested last Thursday and released to a responsible adult, a deputy city attorney said Tuesday.
Irregular dividend items and stock split notices appear for multiple companies including Consol Gold ADR WH 12 12 2 for 1, Sony Corp AmShr s Wibst 5 for 4, and US stocks with unannounced payable dates. Other entries reference Lake Recreation, Valley Indus, and various financials such as Putnam, Pa nd ings, and Wells Fargo related lines.
The Dow Jones industrial average rose 4.57 to 846.82, extending gains from Monday. The S&P 500 gained 0.74 to 90.56, the NYSE composite rose 0.39 to 47.91, and the AMEX market value index added 0.43 to 83.70, while the NASDAQ composite advanced 0.30 to 78.43 on the session.
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