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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 19, 1958
Page
15
The New York Stock Exchange closes higher as steelmakers rebound after a modest session. Traders cite renewed demand and steady factory activity, with several steel stocks leading gains amid cautious optimism.
New York trading steadies after a tepid session with gains in steel and motor issues. Studebaker Packard and American Motors rise on refinancing hopes while Ford weakens. U S Steel and Allegheny Ludlum advance. nonferrous metals rebound from Monday losses as indices show a tentative technical recovery.
Incomplete OCR fragment notes a consolidation or exchange item with dates and numbers. Mentions Dhama Stores and a scheduled period around October or June, with references to persons or accounts. Content is fragmented and unclear.
Markets at a glance show gains in New York trading amid regulatory uncertainty and hedging activity. June and September contracts fluctuated as bonds, equities, and commodities moved, with mixed results across sectors and several names lingering in limbo.
The report outlines bond market activity with erratic entries, mentions of various indices, and unusual formatting. It also covers cotton price trends in New York, noting a weighted wholesale index near 38 and general declines in commodities. The piece references government farm bills, House approval, and weather factors impacting markets.
UR August Market and Business Survey analyzes the oil situation with emphasis on North American reserves and production amid Middle East pressures. It notes improving domestic inventory and earnings prospects, comments on Canada, and includes tables of crude production sources and earnings for 84 domestic producers plus estimated earnings per share for 1858.
Treasury compared balances and dates with earlier figures, listing totals such as 9,800 010. 765.90 and 3,043,009.431.96 for various accounts. The fragmentary layout references July 1 88, and shows miscellaneous numbers tied to public funds and social duties, reflecting a dated financial summary.
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