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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jun 17, 1959
Page
11
New York market notes show varied cattle and hog movements with price cues, while reports from several trading centers indicate steady demand despite occasional dips. The week’s activity highlights include a $500 head reference and notable price differentials among hogs and cattle across regions.
AP reports a tamer trading day with the New York Stock Exchange showing a sharp market drop as volume slumped near yearly lows. Dow fell to 621.40 with major names like American Telephone and Standard Oil NY sliding, while tobaccos and some aluminum issues bucked the trend amid concerns over credit and higher rates.
Tuesday closing figures show the Dow Jones Industrial Average at 62249 with a drop of 3.10 points. The Rail index slid to 16154, down 120. Utilities data appear at 294.70, while overall stock activity lists mixed gains and losses across sectors.
NY stock indices end session with a low close as Standard & Poor's composite shows modest losses. Traders note limited gains in select sectors despite renewed volatility.
An OCR fragment outlines dividend actions and market notes across multiple trusts. It mentions specific tickers and dates, with references to earnings, pricing, and regional listings. The text is fragmented and lacks cohesive narrative details or clear outcomes.
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