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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jun 14, 1960
Page
4
New York markets show mixed activity led by gains in rail and chemical shares with blue chips and technology firms fluctuating. The AP notes 60-stock index strength, consolidations, mergers talk, and uneven participation as traders assess inflation and policy signals.
The Dow Jones industrial average rose 0.97 to 635.55 as American Motors led gains among active issues. Pfizer climbed 27 to 44 on strong volume, with Atlas Corp and Underwood among other notable movers. eleven of the fifteen most active stocks advanced amid a broad but uneven session.
Pacific Coast Exchange and New Jersey markets faltered as technicians grew hopeful for a March 24 recovery. The Dow Jones average closed near 145.04, down 0.07, while American Stock Exchange activity rose modestly on 1,240,000 shares traded versus 1,140,000 the previous Friday.
Grain prices show mixed activity with soy futures leading a modest decline. Reports note weaker demand and ongoing deliveries affecting overall prices, while corn and wheat mix shows slight gains in some futures contracts.
A clippings-like anecdote details a lunch overheard conversation where two men discuss subscribing to The Wall Street Journal. It claims yearly income increases from $100 to $31,100 after reading the paper, emphasizing practical business and tax advice. The ad promotes a five month trial for $7 with address in San Francisco.
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