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Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
May 10, 1950
Page
22
Mining stocks led the market higher as oils rose to new highs amid rising demand and firmer gasoline prices. Higher noniron metal prices lifted leaders like St. Joseph Lead and Kennecott, boosting the oil sector and overall market gains.
Industrials firmed to near a twenty year high as demand persisted while railroad issues weighed on sentiment. Oils rose with Amerada at 118 and Seaboard at 67 by percent. utilities drifted, Motors dipped then rebounded, and aircraft gained slightly. Dow Jones closes with industrials at 217.40, rails 56.36, utilities 43.28. volume around 1.72 million shares.
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