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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 23, 1973
Page
17
Amid chaotic OCR garble the page presents New York Stock Exchange closing prices and trade notes with numerous misread company names, numbers, and scattered references to market readers. The readable segments hint at daily totals, ticker symbols, and price data alongside generic financial vocabulary.
New York stocks recovered from an early drop after news that President Nixon would release the Watergate tapes. The Dow fell over 10 points in morning trading but reversed to end up slightly higher as analysts cited relief and renewed buying interest amid Middle East tensions and inflation concerns. Exxon and Sony faced varied moves as investors weighed global events.
Union Oil reports a 62 percent jump in net income for the quarter ending, with $50.7 million net profit or $1.47 per share, up from $31.1 million or 89 cents a share a year earlier. President Freq L Hartley attributes the gain to higher sales at stable prices. Other oil firms report similar gains.
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