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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
May 13, 1959
Page
8
Trading on the New York Stock Exchange and American Stock Exchange closed with a jumble of gains and losses as investors Reacted to sector moves and notable price shifts. Major names across finance and industry posted varied results amid shifting demand and market chatter.
The Dow Jones averages show declines and gains across indices with utilities and rails fluctuating. Industrials open near 627.66 with a high around 629.87 and a low near 574.46, while rails move to 164.63 with a high 163.92 and low 157.94. Utilities sit around 92.01 with a 89.78 low and a 5-point shift noted.
The Standard and Poor index listing shows various sectors with highs, lows, and closes. Industrials rose to 61.72, Railroads closed at 35.69, Utilities moved to around 40.36, and overall stocks near 57.65 with notable daily changes. Market activity reflects mixed movement across sectors.
New York AP reports uneven gains and losses across the market led by Du Pont Union Carbide Chrysler and rail shares. Despite a mixed session the Associated Press average rose while overall volume slipped and margins faced new credit restrictions from the Federal Reserve.
Fragmentary OCR notes describe a cotton market session with references to purchases and selling activity. Mentions of prices near cent ranges, May dates, and futures crowd activity hint at trading in a late spring period. Details are garbled and some entities are unreadable.
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