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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 21, 1957
Page
11
The New York Stock Exchange saw severe losses as Mart Industries faced its largest one day decline in two years amid broad market weakness with trading activity and closing prices showing notable downward pressure.
The stock market endured a sharp selloff with the Dow Jones average sinking as volume surged to a yearly high. News of the Eisenhower attack and heavy margin calls pressured leaders and industries, with the steel sector easing and overall losses widening into the close.
A dense market summary highlights staple price trends, currency notes, and assorted financial figures. Mentions CHICAGO and various traders, with scattered figures and references to bonds, bacon, and percentages. The OCR yields a collage of names, ad lines, and price hints across sectors.
Standard and Poor index update from New York lists industrials and other stocks with mixed results. High close readings appear for several industrials while some equities show declines, including notable downticks in specific listings. Market sentiment remains cautious as traders react to sector rotations and recent data.
The report notes uncertain demand and weather hurting cotton quality. Prices drift as late afternoon quotes rise to 48 cents, with overall market sentiment cautious and futures activity muted.
Market brief from Los Angeles lists prices for wheat at 14 dollars, barley at 1 dollar, oats 3 dollars, rye 12 dollars, bran 5 and other staples. Seasonal conditions referenced with light rain and commodity values incomplete due to OCR errors.
Paris U president Rene Coty asked former premier Robert Schuman to form a new government amid France s grave economic and political crisis. Schuman refused, saying no government can endure without a new effort for political unity. He provided a report with remedies but did not specify them.
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