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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 07, 1966
Page
6
New York stocks closed with declines in several sectors as the Dow Jones averages showed a mixed pattern. Indus, Rails, Utilities, and other groups recorded losses from the prior day, while overall levels remained near recent closes.
Standard and Poor’s indices show mixed movements with utilities and rails rising while manufacturing and industrials show varied results. Market activity closes with caution as holiday schedules and weekly comparisons hint at continued volatility across sectors and major players.
Washington dispatch reports Federal Communications Commission formal inquiry into AT&T long distance charges and possible need for reform as Bell System seeks efficiency gains. Notes 2294 drop from prior bills and study of pricing fairness amid research into improved service.
Ford Motor Co announced five U S assembly plants would face short work weeks this week with six day shifts at four plus seven truck lines. output cuts mark the auto industry's first reductions in years as Chrysler and GM also trimmed production.
An indistinct OCR fragment from American stock market pages notes closing prices and brief price movements. The text references indexes, gains, and values but lacks clear company names or figures due to damaged text.
A jittery OCR of a financial column shows scattered terms like Investment, Trusts, Moniay s quotations, fading figures, and several garbled lines. The fragment hints at market data, bonds, stock words, and a list of prices or fees without coherent context or complete entities.
UPI reports brief market weakness early in trading giving way to a partial rebound as turnover remains low. Decline blamed on British financial woes and production cuts. indicators show a 0.69 percent loss on 1351 issues at noon. Washington notes price support stockpiles at $6,108,660,000 as of April 30, down $250 million from three months prior.
The department disclosed holdings totaling 3,511,000 in investments and 2,597,850 in outstanding loans tied to commodities. The largest stake was cotton with 15,298,000 bales in inventory and loaned value around 2.3 million.
Markets at a glance show New York stocks lower amid cautious trading. The report notes declines in key indices and mentions trading ranges, with investors awaiting fresh economic data and corporate results.
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