Independent from Long Beach, California on February 25, 1964 · Page 16
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Independent from Long Beach, California · Page 16

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Long Beach, California
Issue Date:
Tuesday, February 25, 1964
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Page 16
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P*gt B-A-JNDEFENDENT U*( Had. COM- Teeu FeL U. IM4 V Market Hits DJ ;;800 Level, Starts Prof it-Taking Spree · ; By ED MORSE · I NEW YORK «V-The stock market touched briefly the ; significant 800 level in the Dow Jones Industrial Avenge [*£?",. · Monday then settled back ia a rash of profit taking. The {[*· fc* I over-all list stfll held a gain but the trend was moving lower ·"-- · j* hen the final beD sounded. NEW YORK STOCK EXCHANGE TRANSACTIONS Monday*! Gosing Pdces JSiy-«l . C« I pi I 4T44I f 34-»» « I I JT1» * II «·"% , jlS^I £ Volume of 5.66 inQlica chares cxsnpared with Thurs- · day's pre-weekcnd session of 4.72 mlHion and vas the . lirgest since Jan. 16 when 6-21 minion shares changed hands. 1 The 1,363 issues traded made it the broadest market · fa u-eU over a year. Gainers outnumbered losers by 601 i to 500. New 1963--64 highs totaled 82 and new lows 17. U r-V-^'nai Uad to II 21 -I Her Llnea 4 25 !4t I Mar rroeone 2f 17 «'*-- H «al Stern J »3 a**.*» ".ia n *i«-i«:laviier s^ v.is. a essff ReM Cor* iSU ni Revere C ·ek» *y» r C »ir. «**tr ftcnd a K* 2tV4 * t'A H lt VK .r»lo«'*Tt..| ·* D?* 8 4tp%* U Hvnhcv C ·9-i_^|H«m.. M .3 fc*F4 H«to»n*i 12 » __ MutM C I IS 4Jk» 14 Mtptunt · · - «:H» v, i do pi 174* S N« In. El 1»1» W lutn. ItT ·H . , American Stock Exchange Monday's dosing Prices r irjr .'rwtarw sr w»int COT An Petrol A ATI Seat A»oLe.A Aram tac noted JUrtntt S53S.V !SS%? B-..WB no c* tlei C«fl BSfffeS ? | * t 8 Ace CerTroli 11 24 1 *- 14 Rtx* GlE IB 33 Hoc. tai 4 ttlft-t *oc Stt 51 4T4-- U Am Home Art HmaiTo Am Inn Am u»» «Q DT Am uffrr Am AVI a 1 Am JAef ft '. · THE DOW INDUSTRIALS READ exactly 800.00 at 13 iriTsu · 12^0 p-m. (EST) when they had a gam of 3.01. They sankjJS St.'" ! back to 797.12. a ret gain of only .13, at the close. JA^cetTM* · i The touching of the 800 level teemed to be the signal!{3 £"}·.,, ' for considerable profit taking. This broke up a fairly con-,*TM, fa* · tistent advance by steels, motors, rubbers, rails, airlines, !j£ »»»«, ,« Chemicals and mail order-retailers. I*TM *"»·- S -'. The over-all business news remained good, including ' a gain in steel production to an eight-month high and con . tinued reports of rising demand for steel THE SMALL GAIN OF THE Dow Industrials enabled · them to post another record high above the peak made Thursday. The Associated Press average of 60 stocks also made a record, rising to 296.4 with industrials up 3. to a record peak, rails up 13 to a yearly high and utilities up .6. % Nine of the 15 most active stocks rose, four declined and two were unchanged. Chrysler was the most active stock, up ?{ at 40 % on 112,600 shares. The stock backed away from an early rise · exceeding a point. Second was Continental Airlines, up I'/J ' at 20{ on 60,900 shares. Third was New York Central, up 1VS at 35^-i on 60,100 shares. Next came Pennsylvania Railroad, up \\'t at 35% and US. Steel, off i »t 56K. * e e e .- CENTRAL AXD PENNSY SPURTED, along with other rails, on news that there is r.o reason to expect a g S*** VJio* 4.11 i til do pi 160 _SJ 7t;*_,_. -a Amcua ATIOK ftarv »\miT»cJ strike !l5g=S's "J i£--B-lBeT"!." 23 l?t^l'4t Drt in C " iffi+a ; |is?«.s? Stt 41 COB 4« . $ £?- 1A !9$et" 21 + %!^aron ! Pena Prl i Permsalt ta : snerwia Wm ' Sltoe C» An --rr S.gnooe ^,*--rr Simmon* ^"+ '·.Siiwmaj S 12 IT-* U 44 4T4« %* " " * ^ E% · . -, .Armour s Prices were irregularly higher on the American Stock jnj,tron,cr« a Exchange. Volume was 1^3 million shares compared with Amoia co. »«o 15 million Thursday. DOW-JONES AVERAGES MONDAY -30 Industrials 320 Rails IlS Utilities 65 Stocks Close 797.12 18754 140.40 , 273.89 Change + 0.13 41.11 + 060 + 0.65 1963-64 High 797.12 187.94 14437 278.89 sj« aKt^jrjjfS' 40 27--- Vi !* '"_CtE .,---jv; Sjmp Ftt 1-- S* Sircl*ir ' ^*,SinB«- C« 1. « ·' 1* 191 * ^^·^+ K t 22H+ *· U 4f.*+ V» j VTf*-- »* J 3^,r-- H c 4ir..4 H 27 W-. + T* U* Rub Pf US Wo* us TMtt "r t* Unlv JUljfctl *4 tTH--1% IMt Eldys ind Con* Lrt*h P1L 177 (3 c *^i sian* 04 ;irer,jm« :*rcuit Fe.1 :nrostjt :obun» Cr«4 :at, a £ivct ^«m - ' i Dvnf 1?i t TI » 47» . " a !"r4 *J R ^BSl T. 'HiSc B KlfflK 33 r» · IP«CtO H«t«« tm A/m» tie Cr V C loosevell F «««iite . , sssu? Gb'srA -il» Crt I J:S 37 ; ·3 |TTH fr*s be! jinSrs" 1 fSmSr Tet-A-S'O" *lev In4 TSrM A Trt Coot »J ^"cS Control ·av w t 1 ^' S 31'"! M 5 1 * U W." 4 t.- C P^ " »*i Mccwiioo o tf.ru* John Wonog Intf ya" A". «· HUcbt ft KJlirg ^r .ii u · » . .«^ 3 4 * gTlLSTOCK SALtl sis' tsasssirS -P4--Fewvn bsu* »Jt- lo OTODOS*« *itw«f CJWWrtlMTTWtTJ Shoulders and Legs Ache? LONG B£.^CH -- Poor crmlatkaw ! trtcriei *xricosc veias. pUcbitl. mracle Doctor Dor.natr.Tt the the body fcf his diffeitat t^plkztioD at3ic3i. eUsisti riiflf to ki'c , tnuscln relax drruliiuoa n- aiDTci cocccstioix. uci"'ti cu;et d"^wft, Srttr sleep, doirt to work $iia j For tppoistmeat cad GI4-2405. DT D.C Offi 2301 Van R«M I W^ ik« Van M sn S » » .rnvj*- M I S n!" I «T + Vl -- w rwmzod PCCD!C3 CM Ptosl Cola : STANDARD POOR INDEX * 'BoaOCiXj NEW YORK WV--Standard and Poor's 500-stock index: ;!*«,_ T High Low Close Chang* ·«,,« ·425 Industrials B2.3 8150 8232 +07 Si?.» I 25 Railroads 4235 41.79 42.19 ·60 Utilities 6734 66.44 66.89 '.500 Stocks 78.16 77.27 77.68 +.06 i "~V I do of 3.30 ,--,£ SM oil nit Kf*',* 1 5« O.I IIJ : Vi FulD Air UM BUSINESS AND PROFESSIONAL MEN LEASE BRAND NEW '4 CAR OR TRUCK ALL MAltS-- MODELS · 1 low ·! 49 A MONTH 19 WHO. IiniTMEIT IMMID11TI CASH FBI TSUI PIEUIT cut t9 teiincton llvbloi LAKEWOOD LEASING INC. ME 3-0781 LQANYASSQCtATjQN (Blllll UlKWSi rti i"' 1 ?StONG BEACH IfcCAUfe 116804 S; BttlFlOUJEH BIV (l T. A. GREGORY CIslnnoK vi A* loorj · · ' Frt* Cvsreaitf taA'im^ «t 345 E1.M AYE. ION 5 ItACH 11104 lentlowor I'.it- ,r ol liiM-iMl-- IEUH.OWK OVER THE COUNTER t Fdi Df Be»or.iT Cot *4«UANCttTOCKl ,v Biil Kroner C* PI B d LADrvaC« 1 1 f a |So5. »ih?.:a i is-CZ: EI p«si us ii4 iri^a Jem. c u 0 3S1» ·« Eltri Con 22 JT*--14, EJrr Ucee U wZtT* tmer tl 43 3rt^ H K5S°Ck l 17 »*.___'.|mw Had 31 w^-- **. KIRO S«et -2 "u T F !"*'*j.*. r . ? ?'** '^ *"" *^* S ri.. ^.'l Em » D El I 34 1 ^^ V« Itoooeri 3J *J^-4 Ens Joria II 20 i ao pf ' 8 Rl^il'r* " '·" n +' ]*°TMff* i* if,*" ;* Enoel Tnd a 24*i-- '4 nre»oe, SS H fji'I J I st "* c « 0 4Ui» 'i Kroehler . 15.1 1 * , trie Leek 711 J^+ u tracer ·! iT."* i ·» M K.so iritr^ tvi» sm» !i ^r" ** f wrofund 32 13 -- "· S v o S S£ t Of J $0 IJ» «5 . tW Br $ tF'i- U «J LTM J S*l!i'* J7 JCTi* V» E'J" Alrc 'r^t'fJ it CokflC »'. Pit For» "! P.» Wan U.T fcJ E«r*ryur» U ^» Poor C* 25 23 + I eoatn S« nil* f j t Prkct TR C^th ' at 71 4«l f It «f1 J5t4 1731 « M f ft 717 714 {]3!IK [ant S!» 1V27 1 i p.|i,Sf. l T*Mio.R.ii liii % »-r 4-1 md 1S.03 1431, ~ Litlnnra m« I.7S 04* ^r*t» Inw t t n 14 n 23*»--·« Mono* 3Io*l Active Stock* f^rz..: iia · '» COS « T4 *er« M0f. «I'l Meier* - ' -- % *CA · i -- ga jr. ..: \r--tyt Wr JOO 31 * a«'ter« Cola _.^Z: fijO» irt - H C»to Et I '.."· 1 *i-..(.55*£S.Bi '^-^-r.-p*. , i o no SraTii'e*". c«»»w 400 tr« tr ir. --'. B Vt 0 »4 _T| ! SidMmrt» «· 4e 01 41 » 3 *w II 3f^. . I Jaoe PftrleKTi fOO 4Ta 4"» .4^* * * l«Vo 110 37H*__|-»oroBF Cor» MOM »J JJ --TM Me f IPe-- !/· Norn^ Vjl _ JOO I3S IJS 1J3 'Safe 3 7?«»"'i!-V"»S!ltSat iSjTO J70 ITO la 43 try-l »nart)l*6o« «« r* jn. r, t '. re S » «'·» S'-HOYetfTTem UOO 04 g g -- 4 nd 31 31'*-. '« Si enaiOl l» eo )40V 30 2S*V 24 e '^ r lr x av-I^,$yfn.w H«W " · * : * . £ » * . «·« · J7^ _ I'TnajOillXjJ* W0 Z3 323 *3 r 23 2U * V% vMtdlneJC*ri \Kt Simple Price Trend FEDERAL SAVINGS A N D L O A N " A S S O C I A T I O N EBBBiaHMBgnB A TRUE STATUS SYMBOL We're proud to display this '"Federal"' emblem. It's a real status symbol for Savings 2nd Loan Associations. The usocijtloa which displays it has earned the right to call itself a 'Federal" savings and loan. The distinguishing features are nosxrous: the added safety and protection cftFtd- ernl charter, the fact that earnings go first tcto reserves f ot account holders; management which is directly responsible to account holders and the federal government, rather thai to private stoclholdeis... to mention only a for. States symbol? Definitely. A symbol of safety and responsibiEty ia the community. Look for it when jou come is to open your insured savings accocnt, GLENDALE FEDERAL SAVINGS . AKO IOA*J USSOCUTIOtl 14 Officti Sim Southern CiUfem!« LONG BEACH OFFICE I S T I O K -- · I « V» (TO owage

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