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SCARCE Stock Market teletype-Ford Succeeds Richard Nixon
Stock market Teletype 08-09-74. Market Summary and Analysis New YorkâThe New York Stock Market edged downward in relatively quiet trading today as investors watched calmly while President Ford succeeded Richard Nixon in The White House. The Dow Jones Industrial average was down seven and a half points. And losers nosed out gainers in moderately active trading. Analysts say the psychological Impact of the changeover in the Presidency had been largely absorbed in advance by the market. But some traders took profits today, illustrating the market precept of buying on the rumor, selling on the news. Several more lines of the news continues... Typing is light but easily read. This is the original document obtained at The New York Stock Exchange on Wall Street, New York City. In fine condition.........$75.00
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