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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 09, 1975
Page
14
A sprawling OCR of market activity shows varied stock movements and price levels. The document mentions Cranes and several unnamed entities with shifting quotes. It references inventory and economic indicators amid a broader financial backdrop. It highlights uncertainty about recession timing and potential price pressures for food. The piece lacks coherent narrative beyond scattered figures.
United Press reports U S business data show March stock of goods was cut by a record amount, signaling stronger demand and improving outlook for inventories and production. Core figures and exact sectors not fully disclosed in the fragment.
The first quarter shows Liavenlorks tumbling by 3.9 billion, nearly doubling the prior quarterly record of 1.42 billion set in 1984. The sharp downturn signals a prolonged recession, contributing to rising unemployment as inventories shrink. The data marked the steepest decline since 1948 inventory records began.
NEW YORK AP The stock market rose broadly with the Dow up to 848.19 as about a thousand issues gained on the New York Stock Exchange. Government data showed March inventories fell a record 1.2 billion dollars, boosting hopes of eventual business buying. Major blue chips and active issues led gains, with Occidental Petroleum and IBM among movers as analysts cited rising speculation. The NYSE composite rose to 47.97, the American Exchange index to 47.39.
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