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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 03, 1970
Page
10
A period-approximate scan of late day stock data shows listings from major tickers and sectors. The page includes prices, volume hints, and company names across many sectors, with no clear single highlight.
Seven senators urging President Nixon to abolish the oil import quota system and replace it with a tariff plan. Hartke leads a sense of Senate resolution urging swift tariff adoption with a target date of January 1 and gradual reduction to one dollar per barrel by 1975, citing protectionism and higher costs for consumers. Mondale and others accuse the administration of ignoring the task force recommendations and proceeded with a Canada oil cutback.
New York markets closed lower amid light trading and scarce block activity. The Dow fell 0.59 to 895.95 as 2,614 issues traded with 538 declines and 76 advances. steel, autos, chemicals, and electronics mostly slipped in a narrow trading range.
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