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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 14, 1977
Page
17
A chaotic OCR excerpt outlines New York stock exchange activity at 1 PM including price quotes, trading lines, and references to various stocks and financial terms. The document also mentions a broader financial report, government debt notes, and market movements in a sprawling, unreadable transcript.
SAN FRANCISCO AP Two Safeway dairy plants expect full operation by week’s end after settlement of a 16 day strike by Teamsters members.
The walkout affected 150 workers at the chain's San Leandro ice cream plant and Caballeret milk plant. Pickets began July 1 and the stalemate was announced on Tuesday as wage disputes and job conditions spurred the action.
The Dow Jones industrial average slipped early but rose to about 855.44 by noon as the market overcame initial weakness. Chase Manhattan signaled higher rates, lifting sentiment while NYSE movers showed gains with General Public Utilities leading, and Cascade edging up after a 2 million share buy offer at 23 dollars.
In Sacramento AP reports the California Senate backs Assembly opinion that BART cannot rely on a permanent sales tax. Three amendments set cutoff dates for the tax by 1981 or 1982 with a June 1078 expiry, sending AB 1297 for a floor vote. Debate centers on whether a permanent levy should be approved by voters while critics cite hardship for Contra Costa and Alameda residents without BART access.
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