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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 09, 1975
Page
4
A fragmented OCR style report shows extensive stock prices and market chatter from the New York Stock Exchange trading day. It lists countless ticker snippets, company names, and presumed price points across sectors, reflecting a busy, data-heavy page.
Government and industry sources say a North Slope oil surplus could move east via pipelines from Long Beach to Midland Texas within WW years, as Alaska and coastal California fields develop. Stayard Oil Co expects to ship 500,000 barrels daily from Los Angeles to Midland, with broader West Coast supply impacting prices and imports.
Washington officials discuss policy options amid oil price pressures. Commerce Secretary Rogers B Morton at Camp David outlines potential tariff removal on imported oil to curb rising costs, signaling possible energy conservation measures and a need for congressional action.
New York stocks fell as a tenuous rally failed to gain traction. The Dow industrials dropped to 827.72 while trading showed broad losses and notable moves in General Dynamics United Technologies Northrop and LTV amid mixed economic signals.
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