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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 03, 1974
Page
19
A garbled OCR style page shows stock figures and market terms from the New York Stock Exchange. The text includes references to closing prices, trading lines, and various company names and indices, though many fragments are indecipherable. The overall piece appears to be a chaotic compilation of financial data and ticker symbols typical of a market roundup.
Stocks declined as market weakness persisted amid high and rising interest rates. Traders noted heavy borrowing by businesses at major New York banks and lack of signals that rate hikes are easing. Major indexes fell with volume down from Thursday as investors stayed cautious.
Washington AP reports President Nixon issued an executive order extending wage and price controls for two months on construction and health care costs while Congress without action let the Economic Stabilization Act expire. The White House aims to limit federal spending and resist tax cuts, pledging to pressure inflation limits and sustain supplies.
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