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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Apr 08, 1959
Page
9
Market data from Federated State Market News Service covers butter eggs and related commodities with Tuesday closing prices and bids from local dealers. It lists egg, butter, and dairy product quotes, commodity ranges, volume, and notable price shifts across grade categories and suppliers.
Standard and Poor's New York report lists closing figures for industrials around 60.3 and 95 for railroads, utilities at 45.12, with broader readings of 50.75 to 56.07 in the 500 stock index. Data appears as a partial OCR of closing prices and ranges for several sectors.
The market opened mixed and slid through the day, then recovered late. Ford led the upturn with gains near two points as investors returned with institutional buying. Chrysler and American Motors edged higher while GM dipped slightly, with overall activity showing a cautious, uneven recovery.
Treasury operations shift on Wall Street as traders watch calendar dates for new issues and potential buyback. Market activity shows cautious speculation about government debt strategy and short term yields.
New York trading updates show the Dow Jones averages and sector indices with mixed moves. Industrials around 610, utilities near 93, staples, and several listed stocks display small gains and losses amid shifting price trends and volume signals.
Trading stalled then rallied as investors weighed first quarter gains across sectors. American Telephone and other high priced names advanced while metals and chemicals anchored earlier levels. volume showed 2.02 million shares vs 3.51 million Monday and many sectors posted modest gains.
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