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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 26, 1955
Page
17
The 1955 Dow Jones sectors show varied closes with utilities and industrials highlighted. Readings include highs around 430.64, lows near 378, and mixed activity across rails, consumer goods, and other groups as investors tracked daily changes.
A flood of favorable earnings reports and forecasts of continued good business sent the market higher in New York. Some stocks rose up to about 3 points while others slipped about 3 points. Trading volume remained well below this year’s daily pace at roughly 2,700,000 shares.
Market notes show Chicago cattle and hog prices mixed with declines from yesterday and steady lambs. Los Angeles listings emphasize cows and steers with moderate gains for some prime grades while utilities and dairy-type cattle remain weak to steady. Overall stock exchanges rose on solid U S S and corporate bonds held steady as aviation and industrial shares moved.
A terse Los Angeles stock brief cites minor gains and notable shifts across several major firms, with investors watching technology and energy sectors for upcoming earnings reports. The report notes cautious trading and modest volume as markets respond to mixed economic signals.
Los Angeles and New York reports show a grain market wide with price shifts and insurance fund mentions. Transactions cover names like Transamerica, Natomas, and Genson while noting wheat and corn activity, with varied futures, cash prices, and delivery notes across seen trades.
Irregular trading dominated by monthly cycles as olecvop deliveries steady on roads. New York issued only two transferable notices, with New Orleans seeing activity. Market shifted from near to later months amid uncertainty over Washington export policies. late afternoon quotes rose about 10 cents per bale, with May and July futures showing gains.
Shell, taking over from the federal government, gains three World War I era plants for synthetic rubber production. The facilities include a butadiene plant on Figueroa Street, an acrylonitrile plant at Vernon, and a styrene plant on Y Vermont, previously run by Dow and Mith and Rubber.
Fragmented market brief notes government actions affect rail and grain prices. Wheat futures in Chicago hint at May activity. Cattle and hog markets show mixed signals with slight price changes amid 19 cent shifts. Multiple small lots noted, with traders watching commodities spreads and cash receipts.
The fragment shows Treasury figures with annual debt totals and asset value hints. It lists totals like 436.5 540.14 and assets around 20.67 trillion, with references to fiscal year 1585 and near 1956 dates. The text is garbled OCR.
York officials report trend in staple prices with recent data showing a shift in commodity costs. The report notes a current benchmark price around 171.80 with a prior two months earlier near 371.195, indicating volatility in the market.
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