Massive NYSE Snapshot Reflects Broad Market Movements
The New York Stock Exchange close list shows broad activity with IBM GE AMGN and other blue chips across sectors. Traders eyed shifting prices, with notable moves in technology and industrials as market liquidity and index levels fluctuated amid earnings headlines and policy chatter.
California Ex-Solon to Head Federal Mortgage Agency
A former Solon from California is named to lead a federal mortgage agency. The report notes involvement from Secretary George Romney and a Department of Transportation and Urban Development committee and mentions action tied to President Nixon. The summary reflects a post May market scene with acronyms and unclear fragments.
MENTIONED IN THIS ARTICLE
Calif
Federal Mortgage Agency
By Bansing
Alian
George Romney
Tronshm
Lapin Wis
Trent Wie
Tus
Nixon
Margin risks in spread trading and broker costs
A trader notes that choosing a spread over a flat position can reduce margin yet raise commission costs and risk. A carn trader considers selling May corn against December futures, risking a potential 90-dollar gain or 100-dollar loss, with margin and a 22-dollar round-trip commission. He concludes spreading May against later contracts may be more profitable for his broker.
MENTIONED IN THIS ARTICLE
Tory Cheay
Vio
Gage
Hin & Prntil
Trader weighs risk of large spread position in commodities
Charles Harlow of Verhire Research notes a Rabbital polit wh SIR on the SIM margin implies an 80 per cent commissions on net position and a 28 per cent net position rate. He plans a four spread stance 200 percent long May against 200 percent short December. Potential duversity from unplanned losses could wipe out capital if a channel triggers greater losses than the combined 12 commission, making the investment far riskier with no insurance.
MENTIONED IN THIS ARTICLE
Bross Pirafil
Sgini
Charles Harlow
Verhire Research Comapie
Die Avanie
Long Bene
Cali
Asa
Dow Jones Drops 6 Pts Blame IBM On Market Slide
A chaotic downtown session saw the Dow Jones Industrial Average fall about six points as rapid trade disturbances and earnings reflections weighed on IBM and related stocks. Analysts cited uneven activity at the New York Stock Exchange with few gains and modest turnover amid dip pressures.
Manson Shaves Beard While Awaiting Trial in Los Angeles
A distorted report says Charles Manson, jailed in Independence on stolen car charges, shaved his beard to a clean cut during a safety supervised transfer to Los Angeles. Deputies describe the jail haircut as a sign of order as he awaits plea, with a judge expected to decide by January within the Tate case context.
MENTIONED IN THIS ARTICLE
Charles Manson
Sharm Talewatt
Manson
Matt of Dustion
Los Angeles
Hes
Vie
Tate
Plep
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