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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 27, 1977
Page
6
A fragmented OCR row details various stock quotes and market actions at the New York Stock Exchange. The passage lists prices, tickers, and times, with scattered references to brokers, traders, and trades. The chaotic text suggests a page-wide snapshot of intraday activity including several named securities and volume indicators.
Washington AP reports government figures show reduced honey production this year and a likely price rise this coming winter. Officials warn supplies may be tighter than usual and speak to impacts on beekeepers, farmers, and food markets nationwide.
Investment trusts saw a drop in value with total quotations down to around £9 million, an 8 percent fall from last year’s over £10 million and 7 percent below the £10.5 million peak achieved in 1915. The report notes weaker demand and cautious investing in the current market.
New York stocks fell again as investors weighed rising interest rates. The Dow Jones industrial average dropped 5.20 to 836.45 after an earlier late rally faded, while the NYSE composite slipped and volume reached about 8.4 million shares. General Electric and General Motors among active issues reported declines amid ongoing rate concerns and management changes.
Sacramento AP California reports a record cash surplus in the state treasury led by an estimated 1.84 billion dollars on Aug 81 according to State Controller Ken Carey The figure reflects inflation aided growth and a strong year for general fund revenues while noting that unconstrained surplus may not continue amid a volatile economy The June 1976 accrued unrestricted surplus was 1.71 billion dollars, about 982 million more than June 30 1975 after deducting unspent appropriated funds.
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