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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 04, 1971
Page
12
A dense OCR style update lists daily stock activity and closing values across major listings. It includes numerous company names, price figures, and sector notes appearing in a compact market ledger format.
The Harris survey of 1,008 households shows economy and pollution top concerns for 1971. Voters seek federal price controls, stricter pollution laws, and action on taxes, crime, drugs, education, and Vietnam policy as Congress prepares a new session.
Prices closed sharply lower in moderate trading as analysts cited a slowdown in institutional trading ahead of President Nixon's news conference. The Dow Jones Industrial Average fell to 830.87, with five hours of turnover at 9,010,000 shares, down from 11,570,000. Active issues included Telex Corp, Federal National Mortgage, Rollins, Gut Oil, Uniroyal, and Penn Central.
Switzerland's supreme court ruled federal tax authorities must share information with the Internal Revenue Service about dealings with a Swiss bank tied to an American citizen suspected of tax fraud. The decision followed an appeal by the American against the Wed evil Tax Commission, and the court did not identify the American. In Bavaria two Czech border boards with a watchdog penetrated nearly into West German territory seeking a fleeing refugee, but were turned back after a fruitless barn search near Arnstein. the refugee, a forestry worker under 18, had already reached safety and sought asylum. The West German government protested Prague's action.
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