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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 13, 1976
Page
8
A jumble of trading notes and figures shows 2 PM prices across many stocks quoted in heavy OCR garble. The excerpt references energy and industrials, with scattered company names and price markers reflecting a volatile session and market commentary on oil policy and global events shaping investor sentiment.
West observers expect OPEC members to push oil prices higher at Wednesday's Doha gathering in Qatar. Western diplomats note the 1973-74 price shocks followed by wars. this meeting occurs in calmer times but aims to lift prices by 8 to 11 percent.
New York stocks opened higher but turned mixed as the Dow Jones Industrial Average fell 8 to 912.72 after an initial gain. Advancing issues outnumbered decliners by a margin, with the overall market buoyed by recent rallies yet pressured by anticipated higher oil prices from OPEC. Volume on the NYSE reached 10.11 million in two hours, led by American Telephone & Telegraph and Cordura Corp which rose while Cordura declared a five cent quarterly dividend.
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