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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jan 28, 1959
Page
7
A fragmented scan of ticker quotes and figures from the New York Stock Exchange and related markets shows diverse securities, indices, and price movements. The jumble notes closing prices, bid asks, and several commodity entries across multiple sectors, highlighting a bustling trading day with notable activity in stocks, livestock, and futures.
In New York the stock market halted a slide and closed offbeat after volatile trading. Major shares swung on corporate news with gains and losses mostly within a one point range. Bethlehem and Youngstown Sheet and Tube faced merger setbacks and mixed reactions shaped the session.
Market report details Matson advancing a four dollar move and denial of sale rumors. Steel closes mixed after earnings and a dividend. Barre Chemical leads gains on the American Exchange. Strong activity in American Motors, Verbilt, and other issues, with a broad advance in industrials and a cautious tone after late selling.
Tuesday close shows varied Dow Jones averages with notable movements in Industrials and Utilities. Market readings include mixed gains and losses across multiple stock groups, reflecting shifting investor sentiment and sector activity.
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