Shares Rise
(N.Z. Press Association—Copyright)
NEW YORK. April 14. The sudden collapse of the steel industry’s plans for a price increase sent the stock market up yesterday, reversing three sessions of sharply sliding prices. On Thursday, the market sank to its lowest level since July 24, 1961, on the sharpest break in prices in more than six months.
Trading yesterday increased to 3.470,000 shares, compared with 3.320,000 in the previous session. It was
the most active session in nearly a month, United Press International reported. The Dow-Jones industrial average rose 2.23 after a big drop on Thursday. Standard and Poor's index of 500 stocks rose 0.19. Of a total of 1285 issues traded, 507 declined and 492 advanced. Of these, 194 hit new 1962 lows and only 10 touched new highs. In the erratic steel group, United States Steel droped 5/8, but Bethlehem added Vs, Republic 7/8, Youngstown %. Lukens 21, Armco 7/8, and Inland I*4.
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https://paperspast.natlib.govt.nz/newspapers/CHP19620416.2.151
Bibliographic details
Press, Volume CI, Issue 29799, 16 April 1962, Page 14
Word Count
155Shares Rise Press, Volume CI, Issue 29799, 16 April 1962, Page 14
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