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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 09, 1977
Page
13
Daily postmarket prices and trading notes for the New York Stock Exchange. Data appears fragmented with numerous broken phrases and uncertain figures, reflecting a historic OCR page. Key entities such as stocks, indices, and prices are partially readable amid the garbled text.
The Federal Reserve reports June saw consumer installment credit expand with 18.8 billion dollars in new lending while 16.3 billion dollars was paid back in liquidations, a rise from May’s pace. The data cover loans for purchases of goods and services and reflect broader borrowing trends in the economy.
The Dow rose about 2.6 points from a 19 month low, gaining amid a technical rally as gains outpaced losses on the NYSE. Analysts saw no clear economic catalyst, noting short covering and some buyers returning after a sharp drop. The NYSE composite and broader market indices moved higher by noon.
The project cannot begin until the utility’s application for a million dollar grant from the Energy and Research Development Administration is approved. The delay hinges on federal funding and regulatory clearance.
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