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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Aug 02, 1958
Page
13
Aluminum and copper led a stock market rise to a new 12 month high as metal gains lifted related shares. Major indexes edged forward, with key stocks advancing about two points, and the Associated Press average reached its highest level since August 1957.
The page reports stock movements with gains in oils, distillers, airlines, and chemicals while metals and farm sectors show mixed signs. Trading volume eased from a record high, with the Dow Jones Industrial Average rising to new highs and utilities also advancing. Notable prices and many named companies are listed, reflecting a broad market snapshot.
The session shows Dow Jones and S and P indices with mixed movement amid price highs and lows. A Los Angeles August market report details butter egg prices and wholesale dairy, poultry and lamb quotes, with notes on supply, demand, and seasonal shifts.
Investment trusts and the New York cotton market were muted amid quiet trading. Prices edged lower as traders sought balance with futures still unsettled and attention focused on monthly farm data and sentiment in broader markets.
New York markets mixed with gains in some indices and lower cotton and soybeans. Wheat and corn decline on liquidation as weather improves. Cattle futures surge to 25 cents higher with top at 2200 while hogs rise on demand.
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