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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 27, 1969
Page
12
Data shows varied closings across many names with notable activity in industrials and rail-related stocks. Traders focused on blue chips while market breadth remained uneven amid caution ahead of earnings reports and Treasury movements.
New York reports mixed but heavy trading with UPI indicators showing 7,840 issues on tape. Chrysler cutbacks in first quarter hint at weaker auto demand while GM says February output remains unchanged. Dow Jones average closes at 947.28, down 1.31. volume about 10.07 million shares.
UPI reports the Nixon administration ordered heads of departments to curb and remove several Kennedy Johnson era programs. The move targets poverty housing and welfare to allow Nixon to launch his own initiatives, with confidential guidance from budget chief Mayo.
A 1-year-old girl student climbed Rhodesia House in London to pull down the Rhodesian flag and raise the Union Jack. Annie Warren, a blonde architecture student, climbed the five-story building and tied to the flagpole 100 feet up. Crowds gathered on Strand as firemen were summoned. she refused to descend until sundown, surrendering the flag to a firefighter.
Beverly Hills report says William H. Abmanson 43 succeeds his uncle Howard Ahmanson as chairman of Home Savings & Loan Association. The firm, largest of its kind, had assets around 24 billion after year end versus 2.5 billion the previous year. Richant Ho Diehl elected president.
Fragmented OCR shows a maritime section with ship names and routes including Orient Overseas Koby, Japan Line, Ling Resto Shary, Dalemas, and others. It references ports and vessels with scattered country names and company hints, indicating a filed departures page with inconsistent data.
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