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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 12, 1975
Page
4
Republic Steel Corp. will revise its prices over the next six weeks to mirror changes announced by a major competitor. US Steel listed price changes averaging 3.8 percent amid broader industry action and loan bias protests in poorer areas.
Investment trusts released statements from Armco Steel and Wheeling-Pittsburgh Steel noting reductions to previously announced increases to align with US Steel hikes. Republic announced some item reductions effective immediately and others rising by Oct 1, saying further increases may come as costs rise and market conditions warrant. Nea
The New York stock market rose broadly with the Dow up 9.18 to 842.82 as investors welcomed Agriculture Secretary Earl Butz after he called for a moratorium on grain sales to the Soviet Union. Industrials led gains while some issues and the NYSE composite index showed mixed moves amid higher profits and dividend actions from several companies.
Washington AP reports that retail sales last month increased 2.4 percent to a seasonally adjusted hr07 billion, driven by stronger automobile sales. From a year earlier, total sales were up 7.8 percent.
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