Wall Street Decline Continues in Early 1958 Trading
Stocks extend losses across steel oil chemical and utility shares amid broad market weakness. Dow Jones industrial average shows a drop by 7.08 in early 1958 with analysts predicting a challenging year for industry though some sectors may see gains later.
MENTIONED IN THIS ARTICLE
New York
INL
Tae
Randrins Moor
Tlmer C. Walzer Unitest
Breas Financial Eduee
WEY York
Dow Jone
In& Pour
Bes
Standam
Bitaminos
X Petroleum
Financial News Stock Group Seeks Updated Price Guide
The Daily Financial News presents a stock overview with a focus on price ranges and guidance figures. It notes current levels for American Tobacco and US industries, with Dow Jones averages and volumes, urging readers to contact Utroé Co for more details at 1079 B Street Hayward California Je tterson 7-411.
Lions Schedule CHP Speaker at Tomorrow Dinner Meet
The report notes a Lions meeting with Gene Kimstrong as program chairman. The event is set for 7 p.m. at Stadium Club, 15698 B.14th, with a focus on safety and holiday themes. Also included are stock market quotes and Dow Jones averages as part of the day’s business briefs.
MENTIONED IN THIS ARTICLE
Suto
Buckte
Coast
Pier Te
NEW York Stock Exchange
Ali Ladd
Aene At the Recktamd- Minne Cink
al Jines
Lou Minn
Nuing & Mtg
Montgomery Ward Nat'l. Cash’ Ficgiste
New York Shipbusiesi
North American Aviat Northern’ Pacific
Olin Mauthleson Oom
Paste Gas & Electric
Ipemmemei Vermerey Big
Republic Steel
Ee Reynolds Metressi Salves
Orcs Merms
St. Regis
Mesmerica Me Union Oi of
California
Ee Beam
Westinghouse Electric
SOART
Gtocx
Fincapos Pacific
Petenneums Pareuie Telephone Investment Funds
Ana General Ce Vans Hst
Eommonwealth Iiv
Fundamenti
Rv Tine Gans Industries Eer
Raf
Gene Kimstrong
Aria
Market declines trim gains as volume hits high for day
First hour volume expands to 890000 shares, a peak in days, while turnover in the prior period lagged. The retreat stems from tax selling and weak economic news, including a Federal Reserve board report showing industrial production fell for the third straight month. Major miners like Bethlehem and Reynolds eased, along with DuPont and American Cyanamid amid broad declines.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Bethlehem
Republic
Jones & Laughlin
Kennecott
Reynolds
International Nickel
Adminur
National Lead
General Electric
DuPont
Chrysler
Savings Firm Names Manager at San Lorenzo Branch
Lorenzo Branch of a Bay Area savings and loan names Fred N Richardson as assistant manager and Abraham Kelman as chairman. The new branch at 403 Paseo Grande in Lorenzo Village opens Friday with Richardson a former Centerville manager and Alameda Civic leader, Allen a seven year San Lorenzo resident, and prior service in the Army Air Corps.
MENTIONED IN THIS ARTICLE
Abraham Kelman
Oliciation
San Lorenzo
Wiliam ’C. “Alleri
Assn. of
San
Jose
Fred N. Richardson
Mil
Lon! ‘Savings and Loan’ Association
Cae
Paseo Grande
Ee Lorenzo Village
Richértsom
Bay Area
Centerville
Auther ‘Savings and Lout Association
Richardson
Army Air Corps
Air Corps
Alameda
Naval Air Station
Also Mentioned on This Page
Wall St
New
Plegal
Ganns
Delonk
Attlee
Ricint
East Bay
TLE, Insurance Company
Eden
Alameda County
Ees. Ae
Insurance Company
Ae Wae
Memen Arty
John Eeee
Gyliferhia
Land Tile Company
Lawfal
United States
State of California
Eden Township
Alsi County
Satifoenia
Mareh
Unity Recorder
Alamecy
Robert A. ‘Burrowes
Dorthelee
Burrowes
J Ots
Seay
Justis
Peta
Ag Jonders
Calfornia
Sale
Almeda
Osticat ‘Records
Bates
Wtrustee
Chas. H. Green
EB. Mazsott
M4isa
Searcy Silvester
Superior Court of the
Quaresna
Rhodes
Fremont
Marin
Melvin V. Se’ Vu. MA. Neys
Premont &Martin AvEnuEs
Premont
Financial News
Sés
Steck
Lions
DOW Jones
INS
Thurs Indus
York
Ons
Tns
LYORK
Giesing
Eac
Rte
Lorenzo
Pacific Investment Plan
Lucey
Sea Wells Fargo
Wells Fargo Bank
Hayward
Federal Deposit Insurance. Corporation
Emerson
Fidelity
Emerson Hi-Fidelity Phono
Algo Av
Emerson Hi-Fidelity
Seth Lebricatiog
Itamg
Jane Scott
Kay Jewslere
Sanger
Phitecas
Medd