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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 13, 1958
Page
11
Stock Mart advances to new 1958 highs amid brisk New York Stock Exchange trading as investors push prices higher. Trading shows broad participation with gains in multiple key issues and strong volume on the floor.
New York stocks moved to highs of 1558 as steel, chemicals, rubbers and tobacco led gains. Rails bounced with oils and selected issues advancing. Lonl ilrd Lorillard rose about three points on strong demand amid word of a favorable national magazine age. Other major issues like U S Steel, Baltimore & Ohio, Southern Railway and Texaco registered modest gains. numerous industrials posted fractional advances amid active trading and short covering.
U.S. markets show a thin over the counter session with muted volume and scattered declines. Bond prices drift lower while the stock ticker lists diverse moves across industrials and government securities amid a cautious trading day.
Partial OCR text shows a fragmented financial index page with scattered figures and names. Readable items include references to Standard & Poor and market notation, but many lines are incomplete. The readable fragment hints at a stock or index summary with data clusters and stray alphanumeric codes.
New York markets show a lower close across major sectors. Industrials and railroads trended weak while utilities remained flat as traders weighed small cap gains and broad economic signals.
Market notes show mixed foreign exchange trends and higher stock prices in New York trading. Dividends buoy sentiment while some groups report lower earnings and tax concerns loom. investors focus on gains amid uneven sector performance and currency shifts.
A scrambled newsroom blurb notes the price index termed for the week shows declines with index figures around 1242 and daily value near 172.85. Mentions various codes and figures inconsistent, reflecting a fluctuating market snapshot without clear entities.
Grain market column summarizes cash bids and market activity with brief notices from brokers. Local dealers and buyers are named alongside prices and dates for agricultural grain transactions and markets.
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