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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 20, 1973
Page
16
Readers see broad activity across stocks and commodities in New York ledgers. Prices shift as traders react to varied company results and fleeting momentum while exchange floors display cautious optimism and renewed liquidity.
Analysts blamed Phase 4 uncertainties for a cautious session on Wall Street. The Dow rose about 3 points at times while declines persisted in other sectors. Brokers cited hopes for a softer economy, peak interest rates, and bargain hunting as positives amid ongoing policy questions.
Los Angeles grand theft charges against Avezki Monali, associate of defunct New Life Options, were dismissed after a municipal court ruling. Firm principal Teta Kadriu remains ordered to stand trial August 2 on nine other counts. Kadriu’s bail was upheld at five hundred thousand dollars amid fears of flight risk.
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