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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 13, 1977
Page
7
The page presents scattered 1 PM quotations and investment data from the New York Stock Exchange and Investment Trust listings. It references prices, volumes, and various listings with numerous unreadable fragments, indicating a busy trading day across multiple sectors.
The New York stock market declined with the Dow near 900 after a noon level of 90.27 down 3.14, marking a third straight day of losses. Steel shares fell amid a Justice Department inquiry into possible price fixing, with Armco Bath der and U.S. Steel among losers while NYSE averages slipped and volume cooled.
The California Public Utilities Commission allows Pacific Telephone to bill extra for long local calls, affecting about 20 percent of residential customers and adding an estimated 5 to 7 million dollars per year. The rule also ends Lifeline charge penalties and applies a one cent per minute rate after five minutes during peak hours.
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