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Independent in Long Beach, California

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Articles on This Page

This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Independent

Location

Long Beach, California, United States of America

Date

Jul 18, 1959

Page

4

Market Decline Persists as Trading Drops Friday

New York markets eased as lower priced issues led declines while trading slowed to the slowest pace in over a month. Steel, rail, and motor stocks lagged with notable moves in Osher, Alden, and American Standard. Investors stayed on the sidelines amid steel strike worries and mixed results across industries.

New York Fairbanks-Whitney Steels, Rails and Motors Osher Standard Ol Glen

Market Wrap and Averages Drift on Mixed Trading

Standard and Poor index notes a mixed session with the Dow Jones industrial average down 1.16 at 657.13. the Associated Press 60-stock average down 0.70 to 250.40. 3,202 issues traded, 572 fell and 410 rose. Volume was 510,000 shares, the smallest since June 19. There were 32 new highs and 16 new lows for the year amid uneven gains and losses across sectors.

Dow Jones Associated Press Fee Ss

Market Wrap Impacts and Rail Stocks Downgrade

A noisy trading session shows mixed results across sectors led by rail shares decline and insurance stocks strength. Traders note erratic prices with delayed openings and a pileup of buyers influencing early moves as 3M and Lorillard figures appear in the day’s market chatter alongside Meade and Eastman Kodak movements.

Burlington Industries Royal Dutch Up Minneapolis Moline. Up Hupp’ Corp Beckmann Instruments J. R Thompson Cate Uae Busta Abies Sn Tits Vis Reeves MEAD Baia Ie Ee Lorillard Reo Erica Liggett & Myers Schering Rose Eastman Kodak Dimouce Crain Thera Pacific SZ Ask SeaSarty Bini Pe Baron Oy Ian Ce Ste Beto Associates Peet Cassoer Chase Machen Brennan Angeles

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