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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 15, 1969
Page
12
Trading turned softer as 147 issues saw 0 gain and 24 percent advance while Vietnams situation and defense comments weighed on sentiment. A moderate volume session ended with declines broadening after early demand faded as investors weighed external tensions and domestic cues.
The Dow Jones average and blue chip industrials fell again at the end of trade while buying activity stirred a modest recovery. Volume exceeded 10.9 million shares as prices edged lower in moderate turnover.
The government awarded two entrants funds totaling 174,173 dollars for research into steam powered engines, with Thermo Electron and Marivac Corp among recipients. The study, located in Massachusetts and California, focuses on physical characteristics and material properties to advance engineering applications.
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