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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Aug 17, 1960
Page
6
New York stock market resumes upward drift after a period of renewed trading activity. The Dow Jones average rises to 625.43 as gains narrow and turnover remains moderate amid expectations of sustained demand and reduced profit-taking across oversold issues.
A garbled OCR text fragment references a local event or notice with partial names and places. readable portions mention a person and a place but lack clear dates or actions. The legible names and locations are insufficient to determine a concrete news item or outcome.
Financial column notes closing Dow Jones Averages with mixed changes across Industrials Rails and Utilities. Index values appear partially garbled but indicate fluctuations and daily close data for major market segments and stock movements.
The Securities and Exchange Commission on Tuesday approved a third New York City stock exchange to be named the National Stock Exchange Inc. The move allows the exchange to begin organizing operations, with trading facility setup and stock issues to come later, while remaining under the New York Mercantile Exchange umbrella.
Foreign exchange trading shows mixed activity as yen weakens against the dollar while the U S currency firming in thin liquidity. Traders watch central bank signals and domestic data for clues on near term direction amid global markets.
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