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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 08, 1958
Page
11
New York UPs The stock market extended a recovery swing in moderate dealings late afternoon as key stocks advanced fractions to about a point. The market rebounded from nine days of generally lower prices with a mixed opening and a broad upside pull. Steels recovered from the prior day's drop and Ralls, nonferrous metals, most chemicals, aircrafts, oils, motors and utilities posted gains.
In Los Angeles and other markets cattle and hogs showed varied demand with prices fluctuating. Slaughter steers and heifers remained steady to higher, with bulls firm and cows mixed. hogs sold unevenly while veal and lambs appeared at several steady to higher quotes amid active wholesale interest.
Stocks show mixed moves with Investme A Featche down over two points following profit news from 1957, Youngstown Sheet ahead by about one point, Lukens up around two. Fractional gains seen for U S Steel Bethlehem Republic Steel General Motors Standard Oil New Jersey and AT&T.
The market closed with mixed results as major indices fluctuated through the session. Key blue chips showed gains while several leading industrials posted declines amid trading volumes.
Fragmented summary from a Dow Jones market page shows indices, prices, changes, and trading details with numerous company names and figures. The readable bits hint at a broader stock market snapshot including quotes, highs, lows, and related financial terms, but the OCR is garbled.
Financial snapshot shows Allied Chemical and several blue chips rising on dividends while others including Douglas Aircraft and Commonwealth Edison retreat. Treasury prices firm and overall market sentiment softens with utilities climbing and industrials wobbling in quiet trading.
A garbled historical market snippet shows an old Standard and Poor index style board with figures for industrials railroads utilities and stocks. The legible numbers indicate closing values and brief changes though many characters are unreadable.
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