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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
May 20, 1961
Page
3
New York Standard & Poor index snapshot shows mixed readings across sectors. Industrials around 71.48 with high 425, utilities near 60.56, railroads and 500 stocks trading within a broad range, reflecting daily fluctuations.
Fragments of New York Stock Exchange trade data saturate the page with scattered company names and prices. The garbled OCR includes numerous ticker snippets, sector hints, and irregular figures, indicating a damaged record of market activity from a Friday session.
The page summarizes broad market activity including stocks, bonds, and commodities with attention to cotton futures and trading mood. It notes a mild recovery in equities, mixed bonds, and a focus on cotton demand and domestic consumption trends alongside market volatility and pricing shifts.
The New York index shows a drop to 182. Previous day 182.91. Market mentions Hay Market in Los Angeles and various agricultural prices. The report lists commodity prices, stock movers, and fund quotations with multiple named entities including Sunkist, Neiman Marcus, and various regional markets, reflecting a broad financial and commodity snapshot.
Unclear OCR notes show ship movements with rough destinations and ports such as San Francisco and Bandas PR Te. Contains fragmented vessel names and dates, indicating routine arrivals and departures in a regional shipping roundup.
New York UPI report states Business Week editorial warns against buying new issues for quick profits amid a speculative fever. The piece urges financial leaders to warn investors, noting many firms lack real growth prospects.
A chaotic federal market report from Los Angeles outlines rising butter and egg prices and notes peaking, volatile rates across regional markets. The piece comments on investor behavior and warnings from Business Week predicting possible repeated 1929-era instability as securities margins stay high.
The bulletin lists foreign exchange rates and grain market notes with figures for Great Britain and Australia in pounds and pence, currency values for Belgium France Portugal and Switzerland, plus Far East HK dating 17-50. It also mentions futures prices around 2.78 and 2.24 with various regional quotations and decimal conventions.
The Dow Jones Industrial Average touched 705.96, up 4.82, led by duPont and other blue chips. The day saw broad gains with the Dow besting Wednesday’s level while other indexes rose modestly. volume eased to 4.2 million. New highs for the year stood at 66 with 7 new lows.
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