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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 27, 1967
Page
6
Industry observers note the auto sector endures a sharp downturn with production down and consumer confidence fraying. Even with a modest annual decline near 5 percent, domestic car sales could dip toward eight million, a level Detroit thought unlikely.
Industry leaders forecast 1967 US automobile sales around 3.5 million to 3.7 million, but actual demand faces Detroit safety standards, consumer caution, high moving costs, and credit issues. Early 1967 shows sales below year-earlier levels for ten straight months, with April and fall model introductions viewed as tests for demand and volumes amid economic uncertainty.
Market notes show citrus sector activity with Pacific Coast groups pursuing equity steps and potential initial public offering plans discussed for Friday. Analysts weigh market timing and investor appetite amid fluctuating commodity prices and regional production.
The page reports stock market activity through January with references to Treasury data and notable price movements. It lists top active stocks and mentions figures like 76.171 and 104.4 while noting declines and gains across sectors.
Dow Jones closing stock averages show mixed results with the industrials, rails, and utilities indexes fluctuating. The report lists daily, weekly, and monthly figures, including highs and lows, with various numeric conversions and stray digits.
S and P closing stock indexes show mixed levels with industrials and utilities looping through varied figures. Data for rails and utilities appear alongside daily, weekly, and monthly comparisons and historical ranges, reflecting fluctuating market activity.
New York stock prices rose in brisk trading on signs of credit relaxation. Prime rate reductions by several large banks, led by Chase Manhattan, boosted sentiment as the market climbed to session highs before profit taking trimmed gains. The UP I indicator showed a 52 percent gain with 1,420 issues traded, 740 advances and 442 declines.
Procter & Gamble reports all time records for the six months ended Dec 31 1966 with net earnings of 85,474,000 up 17 percent from 1965 and earnings per share at 2.09 up from 1.77. Worldwide net sales total 1,207,874,000 up 11 percent versus the prior year. Dividend rate was increased earlier this month from 2 to 2 20.
Dr. Al Leroy Johnson 85 former dean of Harvard School of Dental Medicine and author of orthodontics books died Thursday in Great Barrington Mass Funeral services set for Saturday in the local area Johnson led dental education and authored several orthodontic texts with a prominent career at Harvard University.
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