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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 18, 1960
Page
32
New York stock market ends mixed as space stock rally cools. traders weighed gains in aerospace firms against broad market volatility. Closing prices show selective advances for several space oriented equities while others retreat.
The New York stock market closed mixed as profit taking undercut some shares while defense linked issues rose. Trading ran heavy with pivotal issues up fractions to three points or more. steels, electrical equipment, rubber and copper stocks advanced while most motors and tobaccos fell and utilities edged higher.
Trading was thin with government issues drifting down while corporate securities slipped slightly in heavy volume. Convertible corporate bonds led with gains tracking their stock counterparts. industrials and utilities faced fewer issues, with some quality concerns and forex bonds weaker.
Chicago grain futures show limited gains with broad pressure from dealers pushing into evening. Weak demand and mixed signals keep prices volatile, with several contracts trading near session lows as traders reassess export prospects and local supplies.
Fragmented OCR shows scattered grain and cash prices including wheat and oats, with messy vendor markings and inconsistent spellings. Entities are obscured. no clear date, place, or precise figures emerge from the text.
Court filings show evangelist Sweet Daddy Grace and associates seeking to access church funds as Internal Revenue Service scrutiny tightens. The suit in US District Court alleges the money is tied to church operations and related solicitations amid ongoing investigations and past financial figures.
New York markets show Great Britain and Canada currencies in mixed dice. Germany, Italy, Belgium, and Switzerland quote various marks francs crowns and escudos. Latin America and Far East currencies listed, with Poultry and livestock notes from Los Angeles and Pettis.
Standard and Poor index data show mixed moves with closing levels around 59.8 for Dow Jones Industrials and railroads near 30.47. Utilities hover near 45.70 with slight shifts. Broad stock activity remains steady with minor gains and losses across sectors.
Fragmentary OCR note from Hay Market in Los Angeles lists grain and hay terms with illegible figures. Mentions US No Wal and various numbers, but details are unreadable, offering no clear date or event.
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