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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 01, 1977
Page
14
LANDON AP Lloyds Bank adds a gloomy note on Queen Elizabeth II silver jubilee. A review of Britain’s 25 years under her reign highlights a fall in the pound from $2.81 to $1.70 and rising prices. A housewife needs more than five pounds to buy what could be bought before, and other goods cost about four times as much.
New York stocks advanced in a technical rally after a sharp decline the day before. The Dow rose modestly as gains led by Twenty Century Fox and other active issues offset a softer session earlier in the week. Market volume remained light on the Big Board and American Exchange.
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