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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 29, 1957
Page
11
Market summary showing intraday figures for Dow Jones components such as ABZ and WALD. Industrial, rail, and utility sectors listed with high and low values and a 4.78 point change noted. Reader sees price ranges in a condensed, period-voice format.
New York stock market closes with gains as steel sector rally boosts overall indices. Traders cite improved demand outlook and steady manufacturing data supporting equities across major sectors.
NEW YORK VPi- A rebound by steels fed the stock market to higher ground rate this afternoon in quiet trading. The market was mixed at the start. A buying wave in mid morning spurred steels as well as some aircrafts and motors. Prices generally held their ground as turnover quieted. The news background of the Market was irregular. There were some good corporate ports but there was also news of a drop in steel scrap prices and a slackening in steel production. U. S. STEEL, after an all‑initial start, was up around a point as its 1958 earning report was anticipated after the close, Bethlehem and Youngstown …
The day saw mixed action in bonds, grains, and metals on the New York and Pacific exchanges with cattle prices slipping, grain futures soft, and stock indices uneven. Reports show traders weighing slaughterhouse demand, futures hedges, and government policy as bonds and oil held modest gains, while cotton and citrus futures trended lower in quiet trading.
A garbled report indicates New York officials discuss steel markets, with references to government action and a summit involving figures named Sricls-Hirbor, Daja-Kang, and Hors-steong. The text mentions markets and a glance at securities and processes affecting pricing and supply.
Weighted wholesale index data shows price movements with figures for previous day and month, including high and average levels. Text appears garbled but indicates numerical trends in staple costs and a base comparison of 100, with references to daily, monthly, and historical points.
Disjointed OCR fragment lists hay prices and trade terms with scattered figures and place names. No clear event or entities form a cohesive report. readable items suggest market reference rather than a full story.
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