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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 05, 1973
Page
8
In a rough neighborhood I saved through high school and bought my first bond through a payroll plan. Friends laughed at me for saving when there were other things to spend on, but those bonds later helped with college tuition and books as I approached graduation.
A 400000 bale Texas sale to China by Plains Cotton Cooperative Association worth about 78 million dollars sparks a sharp rise in U S China trade forecasts for 1973. The deal, larger than 1972 mainland exports, follows Boeing jet sales and signals broader exports in the year. Trade talks and high level visits loom as Washington seeks normalizing exchanges with Peking.
The day large cap moves mixed as several sectors showed gains while others lagged. Notable listings included pharmaceutical firms, energy producers, and industrials with varied price shifts and no clear market leader.
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