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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Aug 28, 1959
Page
11
Stocks show mixed results with multiple indices including the Dow Jones and Standard & Poor’s. Industrials around 78.10, rails near 163.07, utilities about 11.58, and the S&P index hovering near 5900 with mixed highs and lows across sectors.
Fragmented OCR summary shows mixed earnings and market mentions, including figures like 510, 5229, and 5122, with references to shares, taxes, and public services. Mentions of various entities appear garbled, but several names resemble government or corporate terms and scattered monetary values.
Motors and steels led a stock market rise for a third straight session, with volume up to 2.55 million shares. The Dow gained 5.77 to 663.34 as investors priced in steel settlement optimism and expected fourth quarter corporate profits. American Motors, Studebaker-Packard, General Motors, Ford, and International Telephone led gainers amid broad activity and some new corporate items, including proposed 3-for-2 splits for Reynolds Metals and U S Foil.
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