Wall Street Slumps as Autos Lead Broad Market Decline
New York stocks fall sharply with autos and steel cuts spreading through sectors. Dow Jones drops to 621.37 as rails hit near a 60s low. 1,212 issues traded with 704 down and 295 up. Bond markets rise slightly while oil and metal shares show broad weakness.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Associated Press
Averate
Studebaker - Packard
Oldsmobile
Dow Jones
Universal Oil Products
Ampex
Collins Fa Radio
Radio Corp
Transition
Natus Corp
NAFI
Philco
Polaroid
Fell
General Time
Zenith
Universal Match
Minnesota Mining
Union Carbide
duPont
Republic
Steel
Jones & Laughlin
Studebaker-Packard
American Motors
Special Agent Has To Show License in Boston Store
FBI official Laughlin recalls an agent who tried to cash a check but the clerk demanded a driver's license. The anecdote highlights the uniformed agent’s encounter with ordinary verification at point of sale.
MENTIONED IN THIS ARTICLE
Boston
UPI
Leo L. Laughlin
FBI Bureau
FBI
Markets At A Glance Stocks Mixed Bonds Higher
New York summary shows stocks down with irregular declines and the spotlights on fifteen active NYSE issues. Bonds show mixed results with government bonds higher and commodities like cotton and farm products showing uneven moves. Several corporate names appear in the day’s activity though OCR is garbled.
MENTIONED IN THIS ARTICLE
Implete
New York
New. York
Chicago
Cotton futures slip after 75 cent rally on new stock policy
New York cotton futures eased after an intraday rise of up to 2.50 a bale as a government plan to hold back surplus stocks aimed at freer 1960 marketing triggered buying. USDA set minimum sales prices for 1959 and earlier crops at 115 percent of the loan rate for 1960 61 and 110 percent for 1960 crop.
MENTIONED IN THIS ARTICLE
Spotlight New York
NY Stock Exchange
Univ
Motors New
Nafi Corp
Hilco Corp
Packard
Moe Corp
Adio Corp
Natus Corp
Hupp Corp. Ses. Ee
Ad Gen’ Motors
NEW York (Ap
Associated Press
Ind. Ratis. Udl
Saar Agn Ovkces
Ind. Atlis. Fen. LY
RKO
New York
Department of Agriculture
Bonds Mixed With Third Straight Day of Gains
Government bonds rose for the third consecutive session led by investment quality issues and rails. Corporate securities closed higher on expanded volume with Household Finance 4s, Rochester Gas 3s, Con Edison 3s and Deere 2s among notable gainers as the Big Board saw volume slip to 5.95 million par value.
MENTIONED IN THIS ARTICLE
NEW York
Rochester Gas
Con Edison
CIT
Deere
Livestock Market Report and Fort Worth Prices
The report covers cattle hogs and sheep trading with price shifts, noting higher packer demand and higher prices for most classes. Fort Worth figures show hogs down slightly and cattle and calves trading steady to higher, with steer and yearling prices in the upper 20s and cows around 17 to 18 dollars. Also mentions women drivers using more road space per NBS data.
MENTIONED IN THIS ARTICLE
Fort Worth Livestock Fort Worth
National Bureau of Standards
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Dow-Jones
Tatinnei & Mang
Tal
Wae
Ewaseng Securities
Fayers, Inc
Aberdeen
Atom
Axe Scien
Blue Bid
Zore Ld
Ewan UF
Insur
Resour
Vy CoAmé& Ves Bos
Reschel Fdohnstn
Ikyston
Tus BA
Tay
Anac Elect
Ind Metal Sa
Adin
Cou
Beas
SLA
Dela Fd
Dela Inc
deVegh
Inves
Ss deVegh
Mut Trust
Wsec
Nat Inves
Divid Bhr
Fidelity
NY Caplt
F.lf
Wst
Penn &Q
Peoples
Phila Fd
Frank Pf
Pine Bt
Fund Jay Ees Sn Pioneer
Gen Taves
Puritan
Ane F.bec
Putnam
Rte
Atro
Stein Sirf
New York Stock List
Abbott
Jabc
Adams Mills
Admiral
Alleg & W
Allen Ind
Allied
Sieres
imTel&Tel
Pri O
Rin
Ben Fin
Benguet Best & Co
Bestwall
Beth Steel
Beth
Bigelow
Black & Dec
Blaw Knox
Bliss & L
Bliss, EW
Stra
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Benta
Sh . Balke ‘Orp i
Lecy Erie ‘Dd Co
Forge
Lallard
Suni Ind
C&o
P&l
Goth
Hamplin
Hance
Hecker
K G
hi&Nw
la Chi
Al&Pac
Thrysler
G&e
Cin Mim
Stryoo
Lev
Pitt
Hevite Lise
Luett
Pea
Cola
al Aa
Cop&s
Cooper
Orning Gil
Osden
Oty Inc
Rane Co
Crescent Pet
Sresch
Cork
Zell
Trown
tiecWer
Rie Q
Jaypl Pf
Wee
Iug
IDWG
Agile
Mer Rad
John Pid
Air Wh Pf
Airch En ‘Airment
Lé& ‘Alstaff
Steel Ib ' Corp
Mogu
Waa
Ave
In &F
Ide
Motors Sen
Sttv
Redeene
Pat
A, Ada
Elle
Wat A
Hall
Halliburton
Imd
Sahir
Balestat
City
Uud Tel Cp JudInd
susehFin
Laf ‘Awend
indBay
Reis
TE Ckibrk
Yaeger
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Lt Newman
nor&West
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Cal
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Hisoun
Bparton Co
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Spiegel
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Ind
Imacktrk
Mack of W' Acy
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Magma
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Grr
Ohio
Kla G&e
Oxford
Paar
Com&ag
Ua P&l Ullmi
Lois Tae
Ree
Atte
Tyes
G&k Roch Te Rohr
Airc
Safeway &T
Joss&ep
Aero
Oon
OL Wa
Shelly Oll
Ity Jay Ue Is
Stauff
Sterl Drug Stevens
I Undstrand Sunray
Unsh Mn
Symray
Talcott
Emco
Ns C&o
Viron
Wld Ae Alpla
Imkrbear
Oledo
U Rane Co
sAir
Ransomer
Ransitron
Ransue
Ung Sol
Carr
Eng&Fle
Adust
Vem
Wes Wy
Tub
Init
univOlPd
Utah P&l
Aer&o Pi
Alan Ma Vuleag Pf
Varne
VashGas
Vashwatp Vaukesha Velbilt
Westinds
Nest Auto Ves
Mary of Man
Seuss
Rts
N.Y
York
Ig Il Ill
Bly
Tate
Vogie
Wilson&Co
Wilson Jona
Windsor Ind
Dixie
Vise Espw
Vise P Bv
WoodwardsIr
Yale & Tow
Tock
Pac Pac Pac or&Es
Ivortinre
Vaso
Weve earsRe
Hamooc Iinclar
mithCa
Pac
Stdoind
TexCorp
Vsacnja
U. S. Treasury Bonds
U.S
Treasury
Betes
Uly
Ec Tay
N.C. O.e
New Orleans
Lea
Gu Fay
Itock Market
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