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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 15, 1955
Page
23
Ferussed by F Hulton & Co the daily Dow Jones Averages and New York Stock Exchange prices appear with details on butter eggs poultry and various commodities. The report lists price ranges for cartons crates and consumer products with figures and units across multiple categories and markets.
At Over the Con Livestock Market, hogs ranged steady to higher with butchers at 27.00 to 17.50 per cwt and sows 13.00 to 15.0. Cattle and veal showed mostly steady to firmer prices, with cows fully steady around 15.50 to 15.00 and veal and yearlings in the 19.30 to 29.00 band. Lambs and mutton followed with steady to higher tone, reflecting varied weights and classes across the sale.
The report compiles closing prices and changes for numerous stocks and bonds from Friday trading. It notes major indexes, utilities and sector movements with prices, percent shifts, and year to date references, reflecting a volatile session with mixed gains and losses.
The Los Angeles market page surveys grain and cotton futures with notes on rice and corn markets, California supply hints, and the New York cotton exchange. It reports modest gains and declines in futures, trader sentiment about crop positions, and general market tone. The text mentions Prices like 8.38 and 50, with references to May and July contracts and daily close figures.
New York stocks rose for an eighth straight session reaching new highs as major divisions gained 1 to about 3 points. Volume hit an estimated 3,400,000 shares, the month’s best, with steels, railroads, oils, chemicals, coppers, rubbers, aircrafts, distillers and utilities leading. Commerce Secretary Weeks projected 1955 as a strong business year, boosting optimism and market foundation. Government and corporate bonds remained firm amid active trading.
American Telephone and Telegraph Co. reported first quarter net income of 128,670,000 equal to 8.87 a share, up from 115,070,450 or 6.28 a share. Cleo F. Craig cited a 12 percent gain in long distance calls and a ahead-of-1954 operating volume. He noted a pronounced upsurge in business and a large construction program to meet demand. For 12 months ended March 13, earnings rose to 493,580,000 or 10.36 a share from 343,245,760 or 7.60 a share.
A summary of currency movements across regions with quotes from the Great Britain pound to the Hong Kong dollar. Notable changes include the poundup to near 2 futures, the Deutsche mark near 1.83, and Brazil at 128 with minor shifts across LATIN AMERICA and the Far East.
A garbled financial page shows sums and tallies including figures like 5,948,714 270.50 and 85,005,024 with scattered references to near daily balances and a statutory report. Names and clear entities are largely unreadable, but the fragment hints at a formal accounting document or treasurer’s summary.
A flood of permit notices shows FLO ued.us3 Ld. Bee and Los Altos Development Co. as applicants for about 36 new dwellings, 2400 blocks of space, 2100 and 4200 blocks at Hoyos. Contractors include Pacific Termite Central Service and Richard B. Stwee Romlractor among others. Projects span 370 W. g7Lh, 123g Olive, 2309 Oregon, 1518 E. ]
City Manager Samuel FE Vickers spoke before two civic groups about the city produced film Municipal Dividends. He addressed Soroptimists at the Lafayette Hotel at noon and the Avinant's City Club at Town Hall at 2 PM. Three more copies will be ready within two weeks for community groups and bookings are being accepted at the Public Library.
About 15 members of the Bixby Paris Shuffleboard Club petitioned the Recreation Commission Thursday for installation of additional courts. Four courts adjacent to Municipal Auditorium were recently closed because of beach-lifting operations.
Fire started in a wastebasket in the kitchen of James W. Thompson's apartment at 816 Truman Boyd Manor Thursday, causing $300 in damage, firemen reported.
In New York the latest market notes show staples including meat and grain prices moving upward with notable gains in wholesale reports. Officials cite ongoing demand and supply constraints as contributing factors to the price uptick.
Fragmentary OCR text shows hay pricing details with numbers and abbreviations. The readable items mention barley, Nev 240i 3600 and various price-like figures, but the exact meaning is unclear. No clear event or person names are discernible to form a complete news item.
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