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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 21, 1959
Page
22
Steels, Motors led a broad market rebound as trading accelerated in mid afternoon. Key stocks edged higher with gains from fractions to more than a point. American Motors rose about 2 points while General Motors Ford and Chrysler advanced over one point.
The New York Stock Exchange sees active trading as prices close across major stocks. Market teams note gains in several sectors and mixed results in others, with investors weighing economic data and corporate earnings.
Dow Jones averages showed gains across steel and electronics as Lukens led the steel group near two points higher. US Steel rose about 1.44, Bethlehem Steel up over 1, Motorola jumped about 7, Litton around 5, Zenith about 2, and Dupont around 5. Losers included Goodyear nearly 3 and Glen Alden down over 1. Market activity noted on the American Stock Exchange.
Over the counter activity showed little price change in government bonds with mixed results across corporate issues. Convertible bonds rose late in the day as the stock market gained, while intermediate and short term Treasuries edged up 1/32 to 2/32 and long term bonds fell. Public utilities in the corporate list firmed amid modest trading.
The readable lines show scattered financial quotations and mentions of dates and entities, but the source text is fragmented and garbled with many unreadable segments. Entities are hard to identify. no clear events or outcomes emerge.
Fragmented text references the American Stock Exchange grain market in Los Angeles and eBay style notes. Mentions Barron’s opening, Markets at a Glance, and a classified ad line for renting space. Many garbled terms and names create a corrupted, partial snapshot of market and classified content.
Detroit reports Kelsey-Sayes Co secures a $12,280,000 contract to acquire the Navy hinge jet engine plant in Romulus Township. General Services Administration confirms the bid. plant spans 157 acres with 13 buildings and expected wartime employment from 1,000 to 6,000 workers.
Grainy OCR shows a dairy price list with grades AA and B for butter and eggs, values like 23.100 and 9.000, mentions of Hens and cheeses, scattered numbers and places unclear, dated July 2, likely from Los Angeles area, with references to retailers and supply terms.
Report shows S and P 500 indices with mixed readings across sectors. Industrial, railroad, utilities, and Saab data appear amid fluctuating high, low, and close figures for the day.
Charlotte bankers announce First Union National Bank will open a Waza Branch in a suburban area. A branch structure with two dilved windows will be constructed at the corner to serve the growing community.
In a fragmentary extract a Citrus Market report from Los E MIGELES mentions a suction gate overturning trade flows. Names and clear details are unreadable, but the item indicates a market disruption or incident affecting citrus trade routes.
Paci Gas and Electric Company announces quarterly cash dividends declared by the Board on July 1 1959 with payment to shareholders of record at close of business on July 2 1959. Vice President treasurer signatures appear.
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