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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 20, 1970
Page
13
A dense, mixed market roundup notes activity on the New York Stock Exchange, listing various companies, prices, and trades. It references a broad array of firms and market details as part of a broad daily financial snapshot. The sprawling column mentions corporate actions, dividends, and price movements, with several named organizations and locations across the narrative.
An unnamed financier holding 55,000 Ban corporation shares worth about 1.5 billion on the market told a New York news conference that a report about his resignation was mistaken. He discussed loans to Investors Overseas Services and a plan to appoint three members to 108 board. He also mentioned a bid for King Resources and a new path via International Resources Ltd.
An FTC order targets McDonald's for misleading prize claims in a nationwide sweepstakes. The commission cites ads promising 16610 prizes and specifies distributed totals far different from advertised. In a related fatal crash, 13 year old Paradise resident Gayle Robinson was killed in Jakarta while family members were injured. details remain unclear.
New York stocks opened with generally favorable sentiment as profit taking restrained the upswing. The Dow Jones Industrial Average fell about 1.07 points to 258, with about 14 million shares traded. Xerox slid 2 percent to 74, while Bethlehem Steel and Republic Steel posted declines and U S Steel finished even.
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