Fresh Upsurge Sets New 25 Year Peak In Industrial Index
On New York trading day the industrial price index hit a 21 year high while rails lagged with no new high. Gains in favored stocks like Reynolds Metals Royal Dutch Gillette and Rohr Aircraft supported the market though profit taking appeared in key issues. Steel shares drew bid ahead of third quarter earnings and year end dividends. Major movers included Boeing Wyandotte and Skelly Oil with mixed results among GM Eastman Kodak Chrysler GE and Union Carbide.
MENTIONED IN THIS ARTICLE
New York
INS
Wall Street
Mali
Reynolds
Metals
Royal Dutch
Gillette
Bis
Rohr Aircraft
Pacific Western Oil
Montgomery Ward
Wyandotic
Worsted
Skelly Oil
Boeing
Virginia Carolina Chemical
U.S. Steels
Armey
Bethleshem
General Motors
Eastman Kodak
Chrysler
General Electric
Union Carbide
Rock Island
Union Pacific
Livestock prices and slaughter trends across cattle hogs and sheep
Salable cattle noted with varied classes and prices, including utility cows and cutters. Calves show demand for slaughter calves around $15 to $16. Hog prices rise with choice butcher weight around $91.75 and light 40 lb lots at $20.75. Sheep support slaughter demand with good and choice ranges from $16.75 to $19.00, with ewe and pelts noted. Overall, early supply is active with modest gains in hogs and steady to higher cattle activity.
MENTIONED IN THIS ARTICLE
Cannes
Earl
Federatsly
Council Accepts Long To Replace Oakes
The Hayward City council accepted the resignation of City Attorney George Oakes and adopted a resolution to appoint Charles S. Long as planning commissioner. Oakes will resign to become executive director and secretary of the Oliven Rousseau Construction company. Long had resigned weeks earlier, citing potential bias in matters affecting his property under planning commission study.
MENTIONED IN THIS ARTICLE
George Oakes
Charles S. Long
Hayward
Q Oakes
Oliven Rousseau Construction Company
Long
Southwest Air seeks permanent certificate before CAB
Washington reports Southwest Airways will ask the Civil Aeronautics Board for the first permanent reporting certificate for a local line. United Air Lines and Bonanza Air Lines oppose the move. Attorney Robert E. Redding contends Southwest is a superior local carrier worthy of a seven year limit, with possible longer term if denied. Hearing before CAB Examiner Herbert K. Bryan anticipated to last days to weeks.
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Senate
Redding
Southwest
Nate
Bryan
United
California
Santa Barbara
Onterey
Eureka
Red Bluth
Bonanza
Las Vega
Arizona
igouEr
CAB
Jmercer
Reddings Southwest
D Inners
Stock Exchange
Dow Jones Closing Dow Jones Stock Averages Report
A garbled financial summary notes stock exchange activity with totals in shares and dollars, reporting withdrawals and deposits data from the Treasury, and mentions of various monetary figures. It references Washington and Suffolk CT and a missing context about a theft or loss.
Standard Poor's Closing Index Report Summary
The report notes the Standard Poor's closing index movement with emphasis on large and small cap segments. It highlights trends across sectors and provides a brief snapshot of market performance for investors today.
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