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Press Telegram in Long Beach, California

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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 14, 1974

Page

16

New York Stock Exchange Closing Prices Overview

A dense OCR style list shows New York Stock Exchange transaction prices and closing figures for many stocks. The繁多 entries mention numerous tickers and price points, reflecting daily market activity and investor interest across multiple names and sectors.

Market dull as Dow edges higher on light trading

New York stocks moved slowly with the Dow Jones industrial average finishing up 2.27 at 47.96 as declines outpaced advances on volume of 16.83 million shares. Uncertainties cited by analysts included high interest rates inflation Franklin National Bank troubles and the pace of economic recovery. General Telephones led on the Big Board as computer issues and utilities faced selling pressure amid bearish industry signals.

New York Howard Dewes Loewi & Co Franklin National Bank Dewes New York Stock Exchange NYSE American Hock Exchange General Telephont & Electronics Standard & Poor's Corp Philadelphia Electric

Franklin National Bank ousts official

Franklin National Bank in New York announced a major leadership shakeup amid disclosures of money problems. Harold V. Gleason said the bank’s foreign currency exchange division faced losses potentially between 14 million and 480 million. The SEC suspended trading on Franklin New York stock at the holding company’s request. Paul Luftig was ousted by the holding company and bank officials.

NEW York Franklin National Bank Harold V. Gleason Put the Bank Franadin New York Corp He Securities and Exchange Commission Franklin New York Guidnaebe

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