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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 08, 1957
Page
19
The report shows daily figures for the Dow Jones and Standard & Poor’s indices with high and low marks and sector breakdowns for industrials railroads utilities and stores. Specific numbers appear for the Dow at 454.82 high and 161.71 low, with various sector readings and a broad market snapshot.
New York shares surged this afternoon as key issues climbed and the market looked toward a potential summer rally. Brokers reported confidence on Wall Street that the Dow Jones average could reach the historic bull marker around 4956.
The grain market and stock scene show cautious gains with rails, chemicals, rubbers and farm implements leading. Soybeans, oats, and cotton anticipated shifts amid tight money and inflation. High priced equities like IBM and Merck advance, while oils and aircraft shares retreat. Bond activity remains quiet with narrow gains in U.S. government issues.
The New York Stock Exchange closed with mixed results as key securities posted gains and losses amid trading activity. Financial leaders and market indicators reflected cautious momentum with investors weighing economic data and corporate earnings.
A scanned treasury report from the Pacific Coast Exchange shows fluctuating figures across earnings, taxes and commodity prices. The document references multiple entities including government and private sectors, with scattered totals and percentages, but the overall tone suggests a cautious trading environment and ongoing financial assessment.
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