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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jun 21, 1970

Page

15

Stock prices show inflation control signs in May

The government reported price trends in May with a steady but slowing rise in the cost of living. Analysts noted it may mark the first evidence that anti inflation efforts are taking hold, though at a slower pace than earlier highs. The market list includes firms such as Ply Gem and Poloron with varied last prices and gains and losses among listed securities.

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Wall Street Gains Signal Inflation May Ease Says Analysts

NEW YORK UPI says investors cheered a softer inflation tone with the Dow rising sharply while advances led by Eastman Kodak Du Pont Dow Chemical and Ford. Analysts caution the reaction reflects expectations rather than a decisive shift and discuss possible wage and price controls.

Allianc Stibes Stanley Aisit Stanrock Stanwick Co New York UPI Wall Street Dow Jones Eastman Kodak du Pont Union Carbide Dow Chemical Ford Motors Kennecott Copper Kaufman & Broad International Flavors Wrigley Westinghouse Natomas Texas Instruments

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