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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
May 10, 1971
Page
6
A dense OCR readout outlines daily NYSE activity with prices, brokers, and various stocks. It notes talks of a summer steel strike, GM comparisons, and mortgage rates while mentioning business leaders and Nixon era policy context amid a chaotic, numbers-rich ledger.
Vice President Spiro Agnew told guests at a dinner that a steel strike would not significantly damage the economy and warned that steel companies already face high wage costs compared with foreign competitors, adding the industry is at a disadvantage.
An interview with Martin states interest rates will likely stay near current levels for a while with no prediction of how long. He notes the influx of money into savings accounts since March and urges buyers to act now while funds remain accessible.
Britain approves 240 million pounds to fund Rolls-Royce B21 engine development for the Lockheed Starjet. Defence officials say ongoing support aims to secure a satisfactory U.S. agreement, with completion cost estimated at 24 million dollars and continued backing amid prior company receivership from runaway engine costs.
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