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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 24, 1974
Page
17
A patchy OCR shows investment news from New York Stock Exchange activity at 2 PM. It mentions gains, losers, and stock names across sectors with figures and company initials, reflecting a broad market roundup. The item reads like a stock desk teaser with scattered entity strings and partial ticker cues.
New York trading sees broad declines as investors fear a sharp recession. The Dow Jones average slid 24 points in the first hour, with many blue chips down and volume over 5 million shares. Gold mining stocks rose slightly while some oil majors led the losses.
Great Western United Corp reports third quarter after tax profits rising to 20.068 million, nine dollars and twenty cents per share, up from 16 million and three cents a year earlier. Sales rose to 1.80 billion as sugar prices fueled gains. Sacrest Corp announces a 34.95 per hundredweight wholesale sugar price hike effective Friday.
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