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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jul 21, 1964
Page
11
The UPI report shows Standard & Poor's index figures across sectors ending with varied results. Industrials hover near toward 88.73 while utilities and rail stocks reflect modest moves, and overall week and month figures indicate slight shifts in the market.
A garbled OCR page shows insurance listings and real estate references, including companies and properties. Names such as Mecca corp, Reed 273, Interstate Health, Hawthorne, and various ads appear among scattered figures and addresses, indicating a dense classified section.
Investors faced a mixed session as major blue chips weakened with US Steel and Bethlehem 4 amid news of Federated Department Stores merger talks. Analysts expect limited near term gains though some signs point to modest improvement next month.
UPI reports U.S. stocks eased after a rally period, with the Dow Jones Industrial Average slipping to 849.39 and volume thinning to about 4.39 million shares. Blue chips wavered, General Motors led losses while Pennsylvania Railroad climbed on takeover rumors, and several firms posted new highs in mixed trading.
UPI reports Dow Jones closing averages with mixed results across sectors. Industrials and railroads show small losses while utilities edge higher, with weekly and monthly comparisons, and 1964 figures pegged alongside 1963 and 1962 baselines.
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