Bank of Zapata closes leaving depositors short
Investigators probed the closed Bank of Zapata after its president Manuel Medina fled with family. The bank held about 325,000 in public funds and 614,000 in deposits, with many residents short of cash as auditors inspect records to determine cause of collapse.
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New York stock market closes with mixed gains and losses
Friday's action on the New York Stock Exchange saw more advances than declines with 545 up and 454 down among 1,242 issues. Steel and motor shares led the upside while auto stocks, notably Ford, boosted the Dow Jones areas, even as blue chips caused uneven index movements. The Dow fell slightly to 682.81 with broad activity subdued by cautious sentiment and mixed earnings signals.
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Stock Market Mixed as Exchanges React to Steel Fight Gains
The American Stock Exchange shows CenTAIN-TERD advancing up to four points amid steel fight prospects and high profits. Great Northern Railway declares its usual dividend while rising 2.44. Public Aviation climbs two and a half points in a broad market with Douglas Aircraft up 14. Prices throughout the board mix with about 40,000 shares trading on Thursday as markets digest earnings and industrial hints.
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Exchange News Curbs Market Jitters In Brief Item
Markets at a Glance report scattered trading currents with mixed signals from Pacific Coast exchanges. Data show cautious investor stance as highs and lows flicker, with notable activity around tea and commodities sectors amid unanswered questions on rate directions.
Standard & Poor's 500 index snapshot and sectors
The report presents a compact view of the Standard & Poor's 500 stock index with figures showing near term highs and lows, close values, and daily changes. Sector highlights list Industrials Railroads Utilities and other categories with scattered numeric codes and abbreviations.
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