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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Mar 29, 1958
Page
14
The Exchange trading screen shows prices and market activity across key stocks with gains and losses. Investors monitor volume shifts and notable price movements influenced by sector trends and corporate news.
Washington D C The Interstate Commerce Commission chairman Howard Freas urged a nationwide study of transportation subsidies to ensure fair treatment for all groups and warned some subsidies favored railroads. F e Benjamin, a former U S Steel board member, argued railroads face extinction due to taxes and regulation and urged efficiency gains and voluntary mergers to cut delays and poor equipment.
Friday trading drifted with the Dow Jones and Standard & Poor’s indices showing mixed results led by slipping industrials. Railroads and utilities posted modest gains while several sectors saw lower close values and small changes, with Nasdaq-like activity limited by cautious investor sentiment.
New York aluminum shares fell as price reductions spread across major producers including Aluminum Ltd and Alcoa. The market closed with the Associated Press index up slightly but overall weekly decline persisted. Beckman Instruments and Olin Mathieson led active trading while Alleghany and other issues showed varied moves.
A two column wide ad on the Bargain Box page in the Press Telegram pledges a low weekly price of 19.76 pounds for a contract. It urges new business and provides the contact Olge HEB-1161 ext 246 for immediate calls today.
Fragmented OCR note records hay and grain prices with garbled figures including beans and flour mentions. Lacks clear metrics, entities, or coherent events to confirm prices or sources.
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