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Independent in Long Beach, California

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Articles on This Page

This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Independent

Location

Long Beach, California, United States of America

Date

May 26, 1962

Page

5

New York Stock Market Sees High Volume Dive

Volume climbed to 638 million shares in New York Stock Exchange trading, the highest in over a year, with about 7.4 billion dollars shaved from stock quotes as margins and selling pressure accelerated. The Dow Jones Industrial Average dropped 10.68 points to 611.88, nearing a suspected support zone that technicians view as critical, though past declines have ignored such lines.

Vy ED Morse AP Business News New York B New York Stock Exchange Associated Press Dow-Jones

Market Downturn Eclipses Blue Chips Amid Heavy Trading

Wall Street failed to heed encouraging business news as the Associated Press average of 60 stocks fell 5.10 to 22.60, a low since early 1961. Industrials, rails, and utilities slumped, with 1,334 issues traded and 1,004 down, 170 up, IBM among the few movers despite a late rally to 407.

Wall Street Associated Press Houston Light & Power IBM

New York Stock Exchange Prices Sink Then Recover

Friday's trading at the New York Stock Exchange saw heavy selling with TBM hitting a yearly low of 388 before ending at 3951, up 4. American Telephone was most active, down 21 percent on 131,300 shares. U.S. Steel fell 1 percent on 84,700 shares, while General Telephone and Electronics dropped 7 percent on 71,100 shares. Other movers included Korvette down 44, Avco off 35, Brunswick down 12, Standard Oil New Jersey down 18, and Woolworth, Sears, Macy’s, General Electric, Eastman Kodak, Kennecott, and Texaco among losers. Despite the slide, some battered growth stocks rebounded, with Xerox, Litton, Polaroid, Zenith, Magnavox rising, and Radio Corp. up 18 percent. General Motors and Ford held steady. Union Carbide rose 3, Lorillard 4, and Texas Instruments 4.交易量从 Thursday 的 137 百万股增至 209 百万股。

TBM American Telephone U. S. Steel General Telephone & Electronics Korvetté Avco Brunswick Standard Oil New Jersey Woolworth Sears, Roebuck Macy General Electric Eastman Kodak Kennecott Texaco Roy B Xerox Litton Industries Polaroid Zenith Magnavox Radio Corp General Motors Ford Union Carbide Lorillard Texas Instruments American Stock Exchange

Notice of Hearing on Second Petition for Bag Gate

Public notice announces a hearing in the Superior Court of the State of California for Walter E. Moore, deceased, regarding the second petition for probate with a formal order setting the time 1:20 p.m. on June 25 at the court in Long Beach. The notice lists involved parties, the address of the court, and instructions for interested persons to appear.

Helaing Secong Bag Gate Walter E. Xoore Cantorra Ud Cactorms Les Argy

Market Averages Report with Mixed Closing Figures

The Dow Jones closing figures show a lower session with utilities and stocks registering declines. Specific figures appear garbled, but the summary indicates a negative daily performance and mixed sector movements.

Standard & Poor's index report and closing figures

The Standard and Poor's 500 stock index shows a low close with notable figures such as 62.05 at 625 percent changes, along with other values including 2337 29.47 33.13 55.59 and 39.00 S594T, reflecting market activity and performance with updated closing data.

OW York Uf—Standard & Poor L.iz

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