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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

May 20, 1960

Page

10

Rail and Oil Stocks Drive Market Upturn Amid Merger Buzz

Trading swung from defense to rails and oils as the New York stock market rose led by rail shares spurred by two mergers. The Dow gained 1.68 to 624.68, with rails up 2.80 and oils rising, while aircraft groups faded. Turnover reached 5.24 million, the largest since 1958, and new highs for the year stood at 38.

NEW York New York Stock Exchange Associated Press Dow Jones Baltimore & Ohio Chesapeake & Ohio Atlantic Coast Line and Seaboard ACL New York Central Illinois Central Santa Fe and Southern Railway ITE Circuit Breaker Thiokol Jost T Rose Anderson Prichard Oid International Telephone Standard Oil New Jersey Texaco Polaroid General Instruments Universal Match Vendo Bell & Howell Eastman Kodak ABC Vending Ford Chrysler General Electric

Varying Stock Prices Bulk in Late Trading Session

A dense scanned page shows a busy slate of stock quotes, bond notes, and market figures from New York trading. Numerous companies including Motorola, Nat Gas, Coca Cola, General Electric and others appear with bid ask and percentage shifts amid daily price changes.

New York Bond Terms and Dividend Notations

A fragmented glossary of bond related terms including annual disbursements stock dividends ex dividends and declarations. Appears to define payment types dates and conditions such as payable in cash or stock with reference to ex distribution and liquidation events.

Peniarad Carey Puch New York BONGA

Cotton Futures Boost and Stock Market Wrap

New York notes strong cotton gains with futures closing higher as traders price in late supports. The AP market roundup lists declines and advances on the NYSE with key names like Boeing and General Electric, plus bond averages and wholesale price index trends.

Chicago New York NY Stock Exchange Payty Oki Boeing Airp Insira Mara Ander Tel & Tel Brunswick Nor Am Avia Oe Uy Martin Cove Glen Alden Alleghany Co Raytheon Associated Press He Associated Freend Ao Ind Keutle Ind Ottis Fen L.yd Prey Thur Trade and Commission House Benoni B New Orleans Dallas Galveston Houston Cottonseed Oil OCR Eeiteeesense

New York Bonds Mixed After Light Trading

Government bonds traded mixed with a slight loss in thin dealings on Thursday. The corporate market closed lower with reduced volume as industrials utilities and foreign issues declined while rail and investment quality bonds held. B&O bonds rose sharply on merger news with Chesapeake & Ohio. Pacific Gas 3s, American Telephone 2s, and Columbia Gas 5s fell on varying degrees.

New York Baltimore & Ohio Railroad Chesapeake & Ohio B&o Pacific American Telephone CIT Nee Columbia Gas

Also Mentioned on This Page

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