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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 29, 1977
Page
16
A garbled excerpt from the New York Stock Exchange page shows at 1 P M quotations and various prices. The text includes numerous unreadable sequences, with scattered mentions of stocks, bonds, and market activity. The readable fragments reference investing terms and a chaotic stream of figures.
U S markets opened lower with the Dow off over 4 points before turning to a 1.22 point loss at noon as investors weighed President Carter’s selection of G William Miller to head the Federal Reserve. Analysts noted Miller’s unknown stance but index futures showed cautious optimism amidst mixed NYSE activity. Louisiana Land & Exploration led NYSE volume at 224 with a 4 share block traded. The AMEX index rose slightly while overall volume stood around 3.62 million shares at midday.
New York AP report notes G William Miller, Corter nominee to head the Federal Reserve, unsettled markets driving the dollar lower on world exchange, while U S stock and bond prices stayed relatively firm. Bankers Trust chairman Alfred Brittain cautioned early reactions reflect uncertainty about Miller rather than his policy.
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