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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 13, 1954
Page
17
Financial Times notes a down day in U S stocks with the Dow Jones averages dropping while London shares inch lower. The report cites a 0.6 point decline in the London index amid mixed financial data and investor caution across major markets.
Cloning prices on today’s exchange show updated figures across major listings. Investors monitor shifts in benchmark securities and related instruments as market activity evolves through midday trading.
The report blends stock and grain market notes with a detailed Los Angeles police blotter. It covers securities performance, butter and grain trends, and price shifts, then reports two burglaries by 14-year-olds and a Navy medical staff protest at Terminal Island Dispensary. Police traced suspects via a neighbor sighting, while officials in Washington reassessed defense medical staffing.
A break in at a warehouse at 1635 W Lord St led to the loss of fifteen clock radios and one mortuary item. Police say a sneak thief worked during work hours. manager John H Medeeris reported the theft as police investigated the incident. Edwin Lee Dunlap, 79, of 221 Magnolia Ave Apt B, killed himself with a .380 auto pistol Monday afternoon, apparently due to ill health. His brother Arthur S. Dunlap, 75, found the body in the bathroom upon returning from a walk. a note addressed to the brother stated I have reached the end of my rope I can go no further. The body was taken to Dispay. There are no other survivors listed.
Mrs Gladys Potter deputy superintendent reports to the Board of Education that Avalon struggles to recruit teachers. The island offers a yearly $250 bonus to meet higher living costs, but this proves insufficient. The board considers raising the bonus to attract staff.
The New York stock market advanced with railroads in the lead, lifting prices to new highs for the year. Early gains broadened as oils, steels, motors, aircrafts, metals, rubbers, and utilities joined the rally, while government bonds fell and corporate issues showed irregular patterns.
Readable fragments detail cattle and hog prices at Chicago and Los Angeles sales. Prices show wide ranges for choice and prime, with a mix of weights and classes, including butcher hogs, sows, cows, bulls, and lambs. Several figures indicate slight shifts from prior postings and general market firmness.
Markets to Observe Good Friday Holiday reports that U S financial and commodity exchanges will close on Good Friday with banks mostly open, and livestock market reports to be gathered by the Agriculture Department. London and Canadian markets will also close on April 16, with Easter Monday also affected.
Dividends are declared with a Cuakon authority on the fifth day of the month following July. The notice notes payable sums to shareholders and outlines distribution timing and eligibility.
Interviews continue through Friday from 9 p m to 4 p m at California Employment Service offices Pine Ave and Anaheim St for hiring 100 shipfitters to work on an aircraft carrier conversion at San Francisco Naval Shipyard. The notice appears in Monday's Press-Telegram.
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