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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 03, 1960
Page
25
The day’s closing figures show mixed activity across indices with industrials, rails, and utilities posting varied gains and losses. Major stock indicators reflect modest shifts while the Standard & Poor’s index prints a marginal change amid fluctuating trading.
New York stocks surged across the board as a broad rally lifted many issues. Leading gains occurred in Polamid Motorola Ford and Dupont, with American Machine & Foundry and other big names advancing 2 percent or more while some steels and motors led declines. Government bonds were slow with mixed corporate activity and late-day buying pushed prices near seasonal highs.
The PRESS-TELEGRAM summary notes today’s closing prices across NYSE listings. Market activity focused on key blue chips with volume steady and investor caution prevailing amid mixed sector performance.
A dense market page reviews investment trusts, stock listings, and bond highlights with references to Salen March, ABT cromin, and Missiles Jets. It notes fund performance, cash flows, dividend remarks, and various corporate entities amid a broad survey of equities, commodities, and futures. details focus on fund names, prices, and trading activity.
The American Stock Exchange shows mixed results with gains in heavy industrials and declines in some standard issues. Traders monitored U.S. Treasury data and corporate earnings as quotes moved across key stocks, including Edison and Dynaco, amid a broad market backdrop.
Carleton Webb of the local Building Trades group urges Long Beach voters to support Gerald Desmond for City Attorney citing the office’s impact on city assets and taxpayers. He emphasizes the need for a competent attorney and urges polling on Tuesday May 10.
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