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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 22, 1958
Page
11
New York Stock Exchange transactions show market movement as copper prices decline yet overall activity edges higher. Traders monitor costs, supply concerns, and futures signals amid mixed sentiment.
The Dow Jones averages showed mixed results as copper prices declined on a minerals subsidy bill setback. Gains came from steels and rails on short covering while Bethlehem and Republic Steel rose slightly. Major movers included Kennecott slipping, Magma easing, and St. Joseph Lead dropping after announcing a production cut. Prices for poultry and other commodities appeared with varied shifts across components, as broad market activity reflected bargain hunting and sector rotations.
AP report summarizes market activity in grain and citrus at Los Angeles with price levels across commodities. Details are fragmented but indicate bids and numbers for corn, wheat, and citrus items in the regional market.
In a fragmentary trading update, New York bond activity shows mixed pricing and renewed firming in some Crezro and Great Lakes sectors. Prevailing quotes hint at cautious investor sentiment amid fluctuating yields and contract adjustments, with notes on plutonium reactor fuel developments at Idaho Falls.
New York cotton prices eased as traders faced cautious demand and mixed external markets. Analysts noted pressure from uncertain demand, currency moves, and broader commodity volatility impacting the session.
A reported confrontation over segregated drinking fountains in Oklahoma City sparked renewed protests. Mrs. Clare Luper, head of the local Youth Council, claimed Negroes would press for equal service in other businesses in the coming days, signaling broader civil rights tensions in the city.
City records show numerous permits approved this month including additions and patios. Notable projects include a $1990 pool at 330s Carfax Ave and a $1600 addition at 2510 Panniens. Other addresses list patio projects, replications, and various enhancements.
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