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Press Telegram in Long Beach, California

10 Jul 1973

Page 8

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Press Telegram July 10, 1973 Page 8 old newspaper archives

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Newspaper

Press Telegram

Location

Long Beach, California, United States of America

Date

Jul 10, 1973

Page

8

Stock rebound lifts market on heavy trading

New York stocks rose broadly on heavy trading as analysts credited dollar strength abroad for a spark that revived an oversold market. The Dow Jones industrial average climbed over 7 points, with airlines, hotels, banks, and mobile home issues among leaders while uncertainty awaits clearer Phase 4 rules.

MENTIONED IN THIS ARTICLE

New York Ray Bon Jones Martin 1 Krins, Nordemann & Co Larry Waechtel Bache & Co J . Goodferend Wachtel
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Fed boosts U.S. dollar swap funds to 17.88 million

The Federal Reserve Board raised by 3.25 billion the amount it can obtain under swap agreements to support the U.S. dollar, bringing total foreign currencies available to 17.88 million. The move signals a potential foreign currency operation during the ongoing monetary crisis, though no official comment on actual swaps was issued.

MENTIONED IN THIS ARTICLE

Washington Federal Reserve Board U.S United States Treasury Department
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Meinderendent NEW York Stock Exchange Tucedor Fen Mirbat Bopha Amset Goldrich Ieee HBO Jean Banedeis Olga Iene Aphevets Mieasiaian Pierre Ae Arlonaling Ate Rem Ieee Baeshee Fanvetar Siewgs Af Ieee Ie Aldse Agias Uae Treasury Report Bela Ee Olafgramoen Auneeen Irene NOY Raiali Sar Barre Creckshire Menon Gan Walserie Msi Hellessaturt & Jie Ray Honda Apt Pitt Uuter ITER Fed Board
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