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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 05, 1974
Page
17
A sprawling, unreadable slice of New York stock action and ticker chatter appears, naming numerous firms, indexes, and figures amid a chaotic mosaic. The page references market quotes and financial terms, with scattered mentions of companies and sectors, portraying a volatile and dense financial scene.
New York stock market rose sharply amid renewed hopes for easier money with the Dow Jones industrials gaining 22.78 to 870.76. Traders noted limited Fed impact as gains outpaced losses 836 to 441 among 1,795 NYSE issues while Federal National Mortgage led activity at 134.5.
Washington reports that sugar costs may stabilize but not fall, with government and industry experts warning consumers can expect some relief yet an overall rise in soft drink prices. Soft drinks, using about a quarter of the nation's sugar supply, are likely to rise again in the third and fourth quarters.
The Agriculture Department notes raw sugar prices may ease off sharp year long jumps. The report suggests prices could remain high for a time but ease from current levels, amid market pressures and forecasts for the coming period.
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