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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 24, 1974
Page
14
A sprawling OCR filled page notes stock market activity with prices and tickers from various issues. It mentions trading results, closing figures, and references to brokers and financial firms, indicating a daily market summary typical of a New York listing section.
The market fell sharply amid blue‑chip profit taking inflation worries and a killer frost. The Dow dropped 9.01 to 654.10 and the NYSE composite slid 0.68 to 35.76 as volume slowed. The Southern Co tumbled and Nerox slid after a prior drop amid concerns over a new 2&-series duplicator.
Litton Systems Inc and four executives were fined 124,010 after pleading guilty to a felony conspiracy charge linked to underdeclaring value and duty on imported computer parts. Judge Edward J. Schwartz ordered 120,410 to the company and 4,000 fines to each executive as part of a plea deal to dismiss wider charges.
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