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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Sep 08, 1955
Page
4
The New York market opened with minor gains before slipping as steel shares lagged amid doubts over the new labor pact and potential steel strikes. Autos and defense electronics led advances while the Dow rose 2.14 to 910.11 and the S&P gained 2.30 to 835.38 amid broad participation and 5.54 million shares traded.
The New York market list details varied performances across numerous firms with notable price movements. Key names include RCA Magnavox Raytheon and Reading Company as investors tracked gains and declines in a broad session.
New York stocks rise amid active trading while bonds show narrow changes. Chicago wheat falls and corn and oats slip. soybeans and hogs weigh on prices. Market data note wide fluctuations in animal prices and commodity indexes across the session.
In New York bonds news the Treasury market showed little movement with 15 of 40 issues finishing lower and the rest unchanged. Corporate bonds traded higher and overall activity reflected small price shifts as 259 issues moved on the exchange with 102 advances, 83 declines and 74 unchanged.
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