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Lubbock Avalanche Journal in Lubbock, Texas

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Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Sep 22, 1973

Page

6

Markets Rally on Heavy Trading Amid Fed Treasury Bill Move

New York stocks surged in heavy trading as the Dow rose about 7.4 points to 927.90 and the NYSE advanced 1,034 to 465 with volume near 23.8 million shares. The Fed announced a $150 million Treasury bill purchase, fueling optimism that rates may ease, with Fannie Mae and RCA among notable movers as the market extended a two day rally.

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