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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 13, 1975
Page
7
Investment trusts and market quotations are summarized with fragments indicating share prices and financial terms. The readable text hints at securities, brokers, and prices but lacks complete details for full interpretation.
New York shares rose as traders eyed market steadiness despite tensions in the Gulf of Thailand. The Dow Jones Industrial Average gained 2.19 points to 849.68 while the NYSE composite moved up 0.05. Pan American World Airways led activity with a Wall Street Journal note of a possible $60 million aid pact for the airline. American Telephone & Telegraph traded actively with warrants up to 51 2, while Northwestern Steel & Wire fell 2 1/4 after lower quarterly earnings. The American Stock Exchange index edged higher as market value climbed.
Associated Press reports U.S. bankruptcies rose to a record high in March as petitions by individuals and businesses surged. The energy tax bill advances in the House Ways and Means Committee while a key test looms for an independent consumer agency. The stock market opened mixed with light selling as the Dow edged down.
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