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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Feb 08, 1958
Page
14
Traders watched a sharp intraday drop on the New York Stock Exchange with 1,146 issues trading. 655 declines, 214 advances as the market closed quieter after a late-day rally. Key stocks like GM and Ford fell alongside broader industrials while analysts cited Fed chair comments and recession fears as the day’s backdrop.
New York Friday trading showed a mixed to down session led by heavy selling in St Louis San Francisco Railway after dividend omission. Paramount Pictures climbed 25 as shipbuilding concerns weighed and volume reached 2.2 million. Dow Jones average fell 4.37 to 468.74 with 620 thousand shares traded on the NYSE.
A fragmented OCR snippet lists various buying prices for goods and commodities. It mentions delivery terms and ranges such as per ton rates and several item names, though many entries are garbled. The readable items suggest a local market price bulletin with tentative figures and descriptors.
DOW JONES AVERAGES FRIDAY Close Change. Industrial index near 448.76, Rails at 146.51, Utilities around 53.53. Highs and lows show mixed trading with notable moves for industrials and rails amid ongoing market activity.
Standard and Poor index figures for New York markets show a jittery session with varied results across sectors. Industrials hover near mid 400s, rail shares display declines, utilities dip slightly, while overall movement remains tepid amid unsettled trading.
Fragmentary markets note mentions New York prices and Chicago wheat export activity. Odd spellings suggest OCR errors. references include Lowes and cotton irregular demand while wheat export business appears modest. No clear dates or figures readable.
Fragments of closing prices and traded items from the American Stock Exchange show numerous tickers, prices, and figures. The readable portions mention various stocks, sectors, and numeric values including percentages and dollar amounts, reflecting a chaotic snapshot of market activity.
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