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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 05, 1960
Page
41
New York stock market closes with gains as auto shares lead a broad advance. Traders note strong demand across sectors and renewed optimism on manufacturing outlook, lifting key indices and setting a firmer tone for next sessions.
A cautious rally lifted stocks and the over-the-counter market today as several groups led gains. Advances came despite profit taking, with notable increases for General Electric, Union Carbide, Westinghouse Electric, and Radio Corp, while bonds edged lower and foreign issues firmed with Greek and Serbian debts showing strength.
Livestock prices drifted as DOUGLAS AIRCRAFT fell while Small Josses lagged behind. Philco, Caterpillar, Kennecott and American Can cited pressure from American Slack Exchange. Prices were mixed with high quality issues showing slight strength in the session.
A dense market snapshot shows fluctuating indices and sector notes. Industrials and rails shift. futures and commodities move with mixed readings from Chicago and New York exchanges. Major names such as Allied, G&P, and American trade highlights appear among varied price quotes and financial data.
The report compiles closing prices from the American Stock Exchange and mentions notable activity in futures and commodity markets. It cites analysts and economists predicting 1960 will be a good business year while noting cautious sentiment in crop and commodity sectors.
A scanned Los Angeles page shows Federal prices for lemons and naval oranges amid fiscal year data. It lists retail and wholesale figures, bank notes, and a Treasury report with building permits, contractors, and city projects. Included are names like Magnavox and various vendors, with figures and dates scattered through the fiscal year 1980.
The Standard & Poor index across sectors shows mixed results with Industrials near 39.64 at close and utilities around 45.87. Railroads edge lower, while the 500 stocks section marks a reading of 55.87, reflecting modest gains amid fluctuating prices.
A trading note shows staple prices advancing today with the index at 178, up from 2013 yesterday and 120.00 for the week. The report highlights steady movement across commodities and mentions an average date marker as 16th, with broader market activity centered in New York.
The program for a municipal band concert is listed for Wednesday April 4 at 7 PM in the BML Exhibit Hall. It includes a broadcast by KGER and features pieces such as Overture The Trantone solo arate and South Pacific selections.
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