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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jan 24, 1958
Page
26
Late day stock activity on the New York Stock Exchange shows prices edging higher in a sluggish market. Dow Jones averages fluctuate with industrials near 447 and utilities around 95, while several issues report modest gains amid thin trading and shifting quotes.
Traders faced a wide array of securities with corporate bonds and U.S. government issues mixed. Prices fluctuated through the day with tobacco shares leading gains, while steel and building materials lagged and volume reached several million shares.
The Senate approved President Eisenhower's nomination of Hubert M. McKinney of New Mexico to be the U S representative to the new world atoms for peace agency. McKinney, a Democrat and publisher of the Santa Fe New Mexican, previously served as assistant secretary of the interior under President Truman.
New York reports show the dollar and British pound exchange rates with a range of commodities and futures. The Standard and Poor’s index closes higher with industrials around 44.19 and railroads near 22.95, while utilities edge to 38.74 in a volatile trading day.
Chicago grain traders saw stronger bids as bids for corn and other grains rose on Thursday following modest gains in nearby futures. Market activity showed limited volume with traders watching weather and demand signals, while nearby contracts edged up and exporters reported steady demand for several key commodities.
Six Federal Reserve banks including New York Chicago Cleveland Richmond St Louis and Kansas City cut the key discount rate from 3 to 2 3/4 percent effective today. Analysts say the move aims to ease credit and bolster sagging economic activity as money managers respond to U S policy signals. The measure aligns with Philadelphia District action and signals broader intent to stimulate lending environments nationwide.
Fragmented OCR text shows numerous terms resembling building permits, costs, locations, names, and numbers. It mentions alteration work, contractor names, dollar amounts, and dates, but is heavily garbled with stray characters and misreads. The readable parts indicate permit activity and pricing data without cohesive narrative.
Armed Forces veterans attending Long Beach State College under Public Law 859 may receive pay. Meetings run Jan 27 28 and 29 with various session times and locations. Veterans should bring a pen and their C/H number to campus Little Theater.
Four young Marines including Rodney J. Dunham, 19, son of Mr. and Mrs. Jarl Dunham of Rivera, died after meningitis was detected. The tragedy occurred at Camp Pendleton and prompted an official review of the cases.
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