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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 28, 1957
Page
15
A garbled market note shows uneven Dow Jones levels with industrials and rails trading mixed. It references close values, high and low marks, and several stock groupings though text is fragmented and difficult to parse.
The New York market opened softer with limited activity as major issues slipped. Corning Glass and General Dynamics led declines with mixed gains in aircraft and defense shares, but most names edged lower.
Pacific Coast Exchange notes losses across major industrials including Du Pont United Aircraft and Bethlehem Steel while rails utilities and investment equities stage mild recoveries. The New York Stock Exchange and bond markets end lower in subdued trading as industrials rally later. foreign exchange and commodity details appear alongside price quotes and warrants from Los Angeles and Chicago.
The Los Angeles Board of Education approved raises averaging six percent for about 22,000 city teachers in a 4 to 3 vote. New starting salaries rise to 4500 a year and top pay reaches 3250. A motion to reopen discussion for higher increases failed 6 to 1.
Fragmented read with cotton market terms, prices, and futures notes mixed with UK building permits figures and a long list of contractors and project values. Names, places, dates, and numbers are jumbled, but references include Treasury, asset status, and various construction entries.
Markets at a Glance report mixed results with cotton showing gains from 25 to 50 cents and other commodities fluctuating. Government policy notes loom as buyers adjust positions amid gradual price movements and uncertain demand.
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