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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 02, 1970
Page
9
Traders sift through a flood of ticker tape notes from the New York Stock Exchange showing varied gains and declines. Investors weigh earnings, rate signals, and global cues as volumes surge and volatility remains elevated.
New York trading brisk on the NYSE as Nixon remarks fuel gains. The marketwide indicator rises 0.61 percent to 1,561 issues with 961 up and 404 down. Dow Jones up 2.98 to 746.44. Electronics strong. aircrafts mixed. Chrysler active amid big trades. Warner Winker reports big losses.
Hundreds of Californians who paid deposits for charter trips to Europe await CAB action after penalties against five supplemental airlines and many agents. Officials accuse violators of rule breaches as travelers face high costs and uncertain itineraries. Meanwhile some charter firms push on with flights to London and beyond, while scheduled carriers condemn the practice.
Dr Charles Farrrow of Venture Research explains how leverage in pork bellies futures magnifies profits and losses. A 400 cent move can require large margins, while a trader shorts or longs to cover before delivery. Delivery rules and penalties are outlined for contract positions.
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