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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 21, 1975
Page
5
UPI report notes varied afternoon prices on the New York Stock Exchange with mixed moves across sectors. Analysts cite continued volatility as investors weigh earnings, inflation signals, and Federal policy direction.
Industry and labor groups anticipate a swift U S conversion to the metric system amid six Congress bills. Optimists say one bill could pass by August. Proposals vary mainly in timing and cost sharing for small businesses and labor, with seminars planned to discuss conversion costs and financing options.
Detroit based report from UPI shows more than 15 180 auto workers recalled from long term layoffs this month signaling cautious improvement. Open ended layoffs total 207 405 workers overall with Chrysler Ford GM cutting 4 200 2 6110 and Oldsmobile and Fisher plants in Lansing among those returning work. The latest figures mark the second lowest layoff level this year amid ongoing industry adjustments.
New York traders saw stocks advance after Thieu resignation rumors, with the Dow Jones Industrial Average up 4.17 points at opening and about 13.60 at noon. The American Exchange rose 0.73 to 84.18 as gold and mining shares moved, while volatility remained in several issues and gold stocks declined on lower European bullion, with activity brisk and sentiment hopeful for a political settlement and evacuation progress.
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