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Lubbock Avalanche Journal in Lubbock, Texas

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Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Jun 03, 1960

Page

5

Turbulent New York Stock Action Mixed Across Sectors

Trading across on the New York Stock Exchange shows a mixed session with the Dow rising to 627.87 as gains in chemicals and electronics offset declines in autos and rail shares. Volume reached about 3.7 million, with 510 advances and 479 declines, while new yearly highs stood at 63 and lows at 81. Major movers included General Electric and Lear, with a broad array of industrials, rail, and utility issues showing varied results.

New York Federal Reserve Dow Jones Associated Press General ‘Telephone Lear Bar Crowell-Collier Republic ‘Steel Lukens Youngstown Sheet Jones & Laughlin Steel Bethlehem Kendall Hertz Minnesota Wc. Lorts General Instru Texas Instruments Minneapolis-Honeywell Ae General Time Polaroid Philco American Stock Exchange UPI

Bonds Higher On Wall Street Amid Discount Rate Cut Hopes

Government bonds rose as rumors of a discount rate cut gained partial confirmation after the close. Short term money rates eased in two Fed districts, lifting bond prices while corporate bonds remained mixed and rails reached a 1960 high on the AP index. Trading on the NYSE fell slightly to 6.26 million dollars, with various issues advancing or retreating as investors priced in lower rates.

New York Wall Street Federal Reserve Treasury Associated Press New York Stock Exchange Union Pacific Pennsylvania General Cigar Aluminum Canada Pacific Gas & Electric

Also Mentioned on This Page

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