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Lubbock Avalanche Journal in Lubbock, Texas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

May 20, 1970

Page

5

Stock Market Drops After Deficit Forecast Hits Markets

Stocks fell as the Dow Jones average slipped 11.41 points to 691.40 amid a projected budget deficit of 1 billion for the current year and 1.3 billion for 1971. Analysts warned high rates may persist, dragging stocks lower despite brief recoveries. Big Board listings showed mixed declines across sectors with notable activity in energy and industrials.

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Stock Market Briefs Include Mixed News From Exchanges

A fragmented market note reports limited figures with 289 issues and 18 rising, 5 from eight divisions. Aboard stock summaries show around 200 cents changes and mixed activity across several listings.

Market index shifts amid mixed sector performance

Stocks moved unevenly as the Dow Jones and Standard Poor 500 showed mixed results across sectors. Building materials chemicals and mail order retail faced notable declines while technology and industrials posted smaller gains amid volatility.

Langest OL The Issue Trade

The note refers to a sale or issue arrangement totaling 56 blocks of 10.0 cents each. It lists trade terms and restric tions implied by the listing, with emphasis on pricing unit and quantity. The fragment preserves a formal listing style typical of historical commodity or stock notices.

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