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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 04, 1950
Page
22
The Finance Times daily index shows London stocks finishing higher on August 4 with gains in industrials and bonds. The report details industry sector movements and notable changes in major listings, indicating a positive market tone for the day.
Stocks advanced after a cautious session, crossing into gains with several issues up more than a dollar. Chemical, liquor, and miscellaneous manufacturing stocks led demand as prices opened modestly, paused, then moved higher near midday in New York trading on August 4.
Quotations from a Los Angeles market page reflect rising butter prices and mixed commodity quotes amid Congress war tax indecision. The report notes buying revived after lunch, bonds edging higher, and institutional financing talks in New York for serial debentures up to 30 years with average 17-year maturity.
A compact market notice notes trading activity and yields from the New York Stock Exchange and New York Curb exchanges. It references dividend information, share counts, and assorted stock movements, with figures such as 340,000 shares and 283,602 shares noted among transactions and percentages cited.
Grain and commodity notes show varied activity with grain prices quoted and futures mixed. Cotton futures opened steady and declined slightly as traders weighed textile demand and weather impacts.
In San Diego on August 4 the price for albacore rose to 400 a ton as canneries set the price for the 1950 season. Earlier, last month, large catches had driven prices down to 375, with some packs at 350. The season is expected to end around September 1.
A garbled Chicago market page shows cattle and lamb totals with mixed price moves. Slaughter lambs and cattle listings appear, noting bids around 20 to 26 dollars and early-day declines versus yesterday, with salable figures and odd numerals scattered through the grainy text.
Nonsensical text fragment from a scanned source with names, numbers, and words like Calves and Bios. Readable entities include a person likely Caitte samaple and a location Angies Ave. The fragment lacks coherent events or outcomes to report.
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