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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 18, 1977
Page
7
The report summarizes 1 PM prices and sector notes from the New York Stock Exchange, highlighting personal income figures and payroll changes. It notes seasonal adjustments, service industry gains, and government payroll upticks alongside farm proprietors’ income decline, with further detail on August and July benchmarks.
New York stocks ended a six session decline with a quiet technical rally by noon. The Dow Jones industrials rose 3.69 to 223.03 as gainers outpaced losers on the NYSE and bargain hunting and short covering appeared amid lingering rate hike fears. Alcoa traded actively, up percent after a nine point jump, with the NYSE composite up 0.15 to 51.34 as volume showed a slower pace on the American and on the Bi-Board indicators. Volume on the Bi Board was about 3.00 million shares higher at noon versus Monday’s level.
Washington AP reports that total personal income rose by about 0.1 percent in September as wages and salaries increased and manufacturing payrolls expanded. The gain followed a 0.5 percent rise in August, with manufacturing payrolls up 1.9 billion and average hourly earnings climbing from 5.65 to 5.73 as the coal strike ended.
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