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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jun 17, 1961
Page
4
The stock market fell steeply with the Dow Jones average posting its worst decline since March 1960. Trading volume rose as key stocks dropped, Seaboard Air Line and other leaders sliding while overall market sentiment turned negative.
Friday's market wrap shows Dow Jones averages with mixed moves as rails and industrials fluctuate. Reading includes highs and lows, with notable changes in several sectors and a snapshot of prices across major indicators.
A dense financial page lists over the counter stocks with bid and ask figures, world markets names, and notable prices. The long OCR text names companies, bonds, and traders, highlighting trading activity and share counts across multiple sectors.
Readable auction notes show cattle hogs and sheep listings with weights from under 100 to 260 pounds and prices ranging from around 9 to 17 dollars per hundredweight. Sows calves and heifer figures appear, but market activity is described as limited with sale to test prices and insufficient inventory for some categories.
New York markets show a chaotic cotton session with futures around 96 cents and 3135 daily gains. The scene includes multiple commodity quotes, trading action, and accompanying financials from various exchanges and brokers across the day.
Market items listed for Los Angeles include meat, poultry, and dairy products with varying grades and prices. A New York report cites the commodities index showing a decline in broad prices from the prior week, with specific figures noted for rice and other staples and the overall year.
The Tower commission approved the merger of Pacific Power and Light Co of Portland and California Oregon Power Co of Medford. The consolidation will be effected by exchanging California Oregon stock for Pacific Power stock, creating a single holding entity in the region.
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