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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 08, 1977
Page
16
A dense digest of stock quotes and market notes shows activity across multiple tickers and indices. The page references prices, terms, and transaction details from the New York stock exchange, with scattered mentions of specific securities and trading figures.
The Small Business Administration announces 100 million in loan guarantees for women aimed at expanding or starting businesses. New York district director Woodie Williams says 300 million in loans will be available in the fourth quarter, with SBA field offices coordinating counseling and application help. Virginia Maynard of First Women's Bank notes demand for guidance and staffing. The program will pair women with counselors to craft detailed loan applications and business plans, including credit building and personnel selection.
New York stocks leveled off after a five day advance as the Dow slipped about 87 points to 8719. Industrials weakened while rails and utilities were mixed. The Commerce Department signaled higher planned business spending, yet traders anticipated possible bank lending rate hikes. Market volume was heavy at mid-session with the NYSE composite around 490 and total turnover near 78 million shares by noon.
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