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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jun 02, 1964
Page
11
Broad rise in rail shares as general trading slows. Price index movements cited with references to local figures and locations. Unclear lines mention Locust Ave and scattered names as the article notes market activity and shifts on the Pacific Coast Exchange.
The page lists numerous stock names and prices in a chaotic snapshot. It highlights active trades across multiple sectors with scattered figures and references to Butter and Eggs and various store lines, suggesting a broad market wrap from a busy period.
Dow Jones industrials declined to 838.56 while rails rose to 207.16 and the S P 500 fell 10.26. The S P rail index climbed to 6.23 as volume slipped to about 4.3 million shares from 4.56 million last Thursday.
New York stocks rose to a near record amid a slow trading day on the American Stock Exchange. Broad gains came from rail shares while airlines fell sharply. overall mood was cautious with little news to spark activity as traders awaited a decisive move.
The session saw 1,351 issues with 99 decliners and 460 advancers. New highs hit by 60 stocks, oils weak as Jersey Standard, Pure Oil and Continental drop. Texas Gulf Sulphur leads activity on copper hopes in Timmins. Airlines heavy sellers amid profit taking. IBM, Du Pont and AT&T fall. volume 1.37 million on the American Exchange as overall activity wanes.
Dow Jones closing stock averages across sections show mixed results with Industrials, Railroads, and Utilities near parity. Thursday figures reflect slight dips from week ago levels while year over year comparisons indicate notable changes in several components.
UPI reports closing indices with undefined 1964 figures across industries and rails. Data show highs and lows for the period with week and month comparisons. Figures include 46.18 to 67.83 and 40.54 to 65.40, reflecting daily volatility and annual ranges.
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