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Independent in Long Beach, California

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Articles on This Page

This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Independent

Location

Long Beach, California, United States of America

Date

May 14, 1958

Page

21

Oils Slip as Mideast Tensions Hit New York Stocks

New York stocks declined on reports of Middle East unrest while the market held a mixed tone. Trading was heavy with blue chips dragging averages lower though gainers barely outnumbered losers. Public utilities and major industries posted dividend activity amid broad market shifts.

Agsociated Press Saler Pransamer Twin City New York ED Morse Ritter Mideast Smallee Motor Cal Stieibiet Federal Reserve Board Wiliam M. Martin Bae Martin Simond Jsinciair Seboene Wnancial Shies Servne Exchange New Ownera

Investment trusts profit despite grounding at Western Air Lines

Western Air Lines grounded since February 21, 1958, yet Investment Trusts reported a first quarter profit. Terrell Drinkwater, president, cited a $524,137 operating loss offset by proceeds from selling used aircraft. Second regular dividend of 20 cents per share was declared payable May 15.

Los Angeles

Market snapshot and mixed investor signals across coast and index

A noisy OCR style market digest notes slower decline in Federal stock, non domestic mentions, and a flood of investor names and fund references. It mentions Pacific Coast Exchange, commodities, trustees, and various numeric securities data with scattered corporate and personal names. The entry blends stock tickers, fund references, and regional mentions in a dense unsettled ledger style.

Also Mentioned on This Page

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