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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
Oct 27, 1964
Page
8
Financial tidbits from New York and Los Angeles summarize Dow Jones, Standard & Poor's, and Pacific Coast Exchange activity. Key indices, weekly and yearly figures show mixed gains and declines across industrials, rails, utilities, and broad market averages with mentions of notable names and formations.
UPI reports a modest New York trading session with volume at 5,243,830 shares. The Dow slid 0.61 to 877.01 while the Rails reached a new high at 224.91. the S&P 500 eased to 85.00 as 1,384 issues moved, 103 hitting new highs and 3 new lows. Leaders included J.J. Johnson 1846 and FIRST CHARTER NATIONAL dropping 1.25, with General Motors down and Ford posting a higher third-quarter profit after hours. Copper gains followed Anaconda price boosts, while IBM dropped 6. The market closed mixed amid a cautious tone and volume totaling 1.71 million on the modern exchange.
Union Oil Co reported nine month earnings of 51 million dollars, up from 40.1 million a year earlier. Per share earnings rose to 5.80, up 20 percent from 4.28. Revenues reached 515 million, up four percent. third quarter earnings were 17.5 million versus 14.3 million a year ago. Increased crude oil and natural gas liquids output, stronger refinery sales, and subsidiary gains supported earnings, while cost cuts and tax law changes aided results despite lower net prices.
Treasury report outlines year revenue figures and tax collection details. Mentions year end totals, exemptions, and a large value related to exleciiony. Names and numbers are garbled but indicate fiscal performance metrics and revenue items for the period.
The readable parts indicate a price index themed report with broken words and inconsistent terms. It mentions YORK and international context, suggesting a financial update, but critical data or figures are garbled, leaving no clear entities or outcomes to summarize.
Fragmentary OCR text references US 24 and a person named Odean with unclear context. No coherent event or outcome is discernible from the readable fragments.
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