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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
Mar 19, 1958
Page
25
Broad market gains sweep the New York Stock Exchange as stocks rebound after a three day dip. Traders monitor volumes and blue chip names as investors seek relief from recent declines. California and coastal regions show mixed performance amid trade and energy sector movements.
Wall Street showed broad gains with U S government bonds advancing and over the counter issues firm after a modest three day dip. Leaders included Bell Howell Du Pont and several steel and tobacco issues while reserves were cut and expectations grew for higher short interest.
Fragmented OCR text references grain market movements and dividends on the Pacific Coast. Mentions dates like March and April, and entities such as Van Campfea Ba and Rede Pune. Information is partial and unclear, but signals market activity and dividends around specified periods.
The Western stock page reports mixed activity with the Standard and Poor index right alongside extensive price data from exchanges and commodities. It notes declines in some industrials while others show resilience, highlighting a broad trading day with varied gains and losses across sectors.
Dun & Bradstreet notes wholesale food prices eased this week with the food index at 6.67, down a cent from last week yet 7 percent higher than the year earlier. The measure captures the cost of 31 common food items in general use.
New York reports AT&T completed shareholder offers totaling 718 million in convertible debentures, the largest financing in American business history. Directors say 99.7 percent of the issue was bought via rights, leaving about two million unsubscribed to be sold on the open market while staple price trends show wholesale index shifts.
Fragmentary market notes show indexes moving with early gains and declines across sectors. Mentions of financial groups and regional indices appear amid unclear abbreviations and stray terms suggesting volatility and mixed sentiment in trading.
Nasser head of the United Arab Republic will attend a conference for African independent states in Ghana next month, his first visit. Liberia’s Tubman and Tunisia’s Bourguiba will also attend, with premiers from Ethiopia Libya Morocco and the Sudan expected to join. The meeting convened by Kwame Nkrumah aims to discuss issues facing independent African states and the potential adoption of a shared foreign policy.
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