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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
Jun 03, 1974
Page
15
An OCR readout shows closing prices and trades at the New York Atone Exchange. The dense text lists multiple securities, tickers, and numbers, with mentions of firms and traders scattered through an unintelligible block. The readable fragments indicate daily price activity and trading notes but lack coherent narrative.
A Chicago bank cut the prime lending rate to 11.60 percent, triggering a broad market rally as the Dow Jones average climbs 19.08 to 821.26. Analysts note the move provides morale but warn the rally may be thin without higher trading volume. CNA Financial rises to 95 1/2 after a large block trade.
United Clothing Workers of America launches a broad strike against the Clothing Manufacturers Association. About 40,000 workers including pocket-makers, casters, and machine operators walk out in New York City and other states as demands for higher wages and cost of living adjustments are pressed. Talks with federal mediators collapse with no new proposals. fallout expected to affect fall fashion promotions while shortages are not anticipated.
AP report on consumer egg and poultry prices across Los Angeles area chain stores with weighted averages and delivery details. Includes variations by product type and price ranges, reflecting wholesale to consumer levels and distributor notes.
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