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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 24, 1975
Page
17
Fragmentary OCR notes reference weather and agriculture terms including hay and sorghum with uncertain names Byard and Altairs. The readable items imply an agricultural or weather item but lack clear events, dates, or entities.
The piece extols tire retreading as cost and energy saving, noting 98 percent of major airlines use retreads and government fleets also, with TRIB and officials supporting safety and environmental benefits. It cites 1974 figures, explains tread wear dangers, and advises buying quality retreads from reputable dealers, plus tire maintenance tips.
Dow Jones closing stock figures show mixed results as of Wednesday with the industrials, trans, and utilities posting varied changes. The report lists key indices and year over year comparisons including the 30 Industrials, 20 Transports, and 35 Utilities, alongside daily highs and lows and month and year comparisons.
Standard & Poors index and New York markets slip amid cautious trading. Investors await economic data as declines temper gains from tech shares and energy sectors. Officials caution about volatility while analysts note mixed signals from corporate earnings.
Abdul 60 members of Loreal 1710 of the International Brotherhood of Electrical Workers began the fourth day of a strike against Imperial Corp of Downey to press for a three year contract and a wage package. Union members voted 148 to 69 to reject a 65 percent first year 12 percent second year and 4 percent third year raise. Picket lines formed at 7 am Monday as Morales cited fringe benefit improvements and quarterly CPI-based wage jumps. Also striking were about 8 members of the Technicians and Officers Workers Union who rejected a similar contract by 88 to 10.
European markets wrung by a sudden dollar slump on Wednesday as the UPI report said to curb surplus funds and inflation fears. The dollar fell to seven week lows in Paris and two week lows elsewhere, boosting gold prices to 164.25 in Zurich and 198.00 in London.
Knight Ridder Newspapers Inc announces 1975 first quarter earnings per share of 27 cents, down from 40 cents, as total operating revenues rise to 197.4 million from 130.7 million. CEO Lee Hills cites advertising declines and higher newsprint costs, noting a Philadelphia strike cost two cents per share and a cautious outlook if the economy improves.
Sacramento AP reports cold wet spring damaged many crops across the state. Tomato and asparagus plantings are retarded while some fruit and nut crops suffer. citrus in Fresno County down 43 percent after freezes. Officials warn losses could rise if warm dry weather fails to arrive.
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