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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 22, 1958
Page
11
New York stock exchange wrap reports profit taking trims gains as traders lock in profits after gains posted today. Key indices edged lower while some blue chips held steady amid mixed volume and cautious trading.
U S stock market closed mixed with the Dow and broader indices fluctuating. Industrials led gains earlier while utilities and rails trimmed advances as investors weighed corporate results and bond yields. several major issues posted modest losses late.
The New York bond market shows mixed movements with government and corporate securities edging higher on some issues while others drift. Traders monitor Treasury yields, corporate earnings, and inflation signals as investors weigh risk and reward in a volatile session across bonds and related equities.
Market report from Los Angeles cites steady prices for lemons and grapes amid weak listings. Sunkist and other growers report representative orange prices and wholesale indices inching higher. department stores in New York post lower earnings for the July quarter, with net income dipping to 1,987,060 dollars or 259 cents per share.
A church bus carrying Philadelphia travelers struck a car on the New Jersey Turnpike near Bordentown. Two Maryland residents died, 43 bus passengers were injured, seven hospitalized. Names include Leland J. Brittingham, 44, and Land at Elizabeth Brittingham, 40, of Saultwell, Md.
In Livermore Falls Maine Ernest Mollone 55 almost dropped his pipe when a mouse joined his two kittens at a catfood dish on the porch. The unusual scene was witnessed by Mollone who reported the critter shared the meal briefly before scampering away.
William J. Reedy of NEADING Pa. died Sunday from a heart ailment at age 62. A Reading Eagle veteran, he spent 45 years at the paper and retired two years ago as sports editor.
Warren L. Rogers was named acting executive director of the Orange County Federation of Community Chests and United Funds. He succeeds Joseph G. Gatanich and is a Santa Ana resident who previously served as general secretary of the Santa Ana YMCA and recently held a role with the Welfare Federation of the Los Angeles area.
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