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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 23, 1957
Page
11
SEW YORK UPA reported a moderate turnover. North American Aviation rose above 2 points as the Air Force orders bombers capable of flying over 2,000 miles per hour. Boeing fell more than a point as investors weighed news and other market movements.
Grain price activity in Chicago shows varied movement across wheat corn and rye with near term gains and losses. Reports mention futures changing hands with some months firmer while others declined. exchange quotes include wheat at around 2.20 a bushel and corn futures mixed with rye softer.
New York stocks opened with mixed results as steel and aircraft shares showed modest gains while other sectors hovered. Goodyear and Goodrich rose about a point, U.S. Rubber fell fractionally, and certain industrials like International Harvesters and Caterpillar moved slightly. Government bonds remained steady to modestly higher amid cautious activity.
U.S. stock indices including the Dow Jones average edged lower and higher at points with mixed results across industrials and railroads. The Standard and Poor index displayed notable activity with gains and declines across sectors as investors digest headlines.
New York Bond Market reports terse on medical leader Hart who helped found a major army hospital. Dallas scenes note retirement after long service as dean of Southwestern Medical School and head of the medical community. Recollections from San Antonio and Houston highlight his work for veterans and treasury medical efforts.
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