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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 02, 1970
Page
10
A garbled OCR style NYSE page records mixed closing prices for many issues. It lists numbers, company names, and financial terms, with frequent garbling and scattered mentions of stocks, bonds, and market actions. The readable fragments suggest a broad market summary rather than a single clear headline.
New York markets edged higher near the close as the Dow Industrial Average rose, with about 9.25 million shares traded. Mixed moves in major groups and several active issues dominated, including Textron, University Computing, and International Paper, which reported higher nine month earnings and an extra 18 cent dividend.
Washington report says a Bankers Political Action Committee list shows about 40,000 in donations to members of banking committees from banks nationwide. The Justice Department is probing the fund’s role in influencing pending bank regulation legislation as Congress returns after the election.
Philippine customs officers seize a shipment of typhoon relief items from the Soviet Union as the Red Cross negotiates for their release. A Red Cross spokesman notes 120 packages of blankets and cloth arrived by plane from Tokyo, the Russians' first donation to the Philippine Red Cross after devastating typhoons killed about 1,200 people.
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