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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 27, 1958
Page
11
A court ruling boosts activity on the New York Stock Exchange as a young firm sees improved stock transactions. The Market desk reports today’s closing prices and discusses implications for investors and brokers in heavy trading on a January 17, 1958, session.
Wall Street ended mixed as Alleghany Corp following a U S Supreme Court decision boosted its 5 percent preferred stock by about five points and prompted a reshuffling of Central holdings. Alleghany common weaked slight gains while principal issues faced price shifts amid large buy and sell orders.
The market report notes modest declines in shares amid light trading while government bonds slide and corporate issues show varied performance. Major names including US Steel General Motors and Goodyear appear among modest gains and losses as prior weeks’ activity cools.
A fragmented financial note mentions Pacific Coast Exchange, Norse, Beeltientid Pate Cov, Ageanie Ol Co te Clay Prod, Bae Fingnee Cori Phe, and Lighting Corp Reserve with figures like 6445.46 and 520.774. It references Rita Panen and Hutton Co and irregular listings such as MONDAY Giese Change and Industrials 75. The text appears as an OCR dusting of stock or commodity entries with unclear context.
fragmented OCR summary shows Standard Poor index numbers and various stock symbols. mentions of ALST and Industrials Railroads Utilities appear, but data is garbled. read as a fleeting market snapshot with unclear values and incomplete company names.
The report surveys a swarm of price quotes across stocks and commodities. It notes shifts in cotton futures and currency exchange, mentions specific figures, and highlights activity across major markets and brokers. A separate overseas item reports an Antarctic trek nearing Scott Base as exploration resumes.
Three commercial zoned lots near the yacht docks in New Long Beach Marina at the Bolsa Central corner offer a cash buyer a capital gains opportunity. The parcels sit about 1000 feet from the water with a 300 foot frontage. Contact Ernest H. Lockwood at 4252 Atlantic Avenue GA 7-8997 for details.
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