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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jul 03, 1959
Page
11
New York reports a broad stock advance with the Dow Jones industrial averages up strongly led by gains in rails utilities and stocks. The Standard & Poor’s 500 index also rose, while bond markets showed mixed movements and futures traded.
Fragmented market wire style text notes a will dispute data and estate share questions. It references New York markets with vague figures and mentions goods values, but the readable content is garbled and incomplete.
New York cotton futures closed higher as favorable crop reports spurred early selling and short covering by traders before a long holiday. July contracts firmed amid a drop in certificated cotton stocks and a Memphis weekly crop letter estimating 15,855,000 acres planted nationwide.
fragmented OCR notes show dividend references, stock listings, and financial figures from mid-20th century records. entries include dates, base values, and codes such as BAS and TTM with scattered digits and terms, indicating a archival financial ledger or market summary.
Fragmentary text listing banks insurers gas and steel firms with scattered company names from a historical page. Limited readable entities include Citizens National Bank Franklin Life Ins Star Steel and Interstate Horado related items.
Fragmented OCR text mentions bonds and taxes with references to natural gas lines and securities. No clear event, date, or identifiable organizations emerge. contents appear garbled and may reference transactions guidance rather than a standalone incident.
The New York market rose to a record high with the Associated Press average at 231.70 amid broad advances. Industrials led gains while rails and utilities posted smaller increases. 92 new highs were set, and 1,242 issues traded with 642 up and 371 down as traders anticipated continued inflation and strong demand across auto, steel, and rubber tire sectors. Glen Alden led activity with a sharp gain as Lockheed, New York Central, and Union Pacific among notable movers.
The Senate Labor Committee approved a bill to extend educational readjustment benefits for veterans honorably discharged after January 31, 1955. The plan mirrors a Korean War veterans program and would run during peacetime draft conditions until July 1963, with government paying part of tuition and other college or vocational training costs.
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