Dow Jones Averages Report Snapshot
A brief market summary showing end-of-day figures for the Dow Jones indexes. Industrials, Utilities, Bonds, and Stocks listed with closing, high, and low values. data appears fragmented and partially unreadable.
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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 07, 1956
Page
21
A brief market summary showing end-of-day figures for the Dow Jones indexes. Industrials, Utilities, Bonds, and Stocks listed with closing, high, and low values. data appears fragmented and partially unreadable.
Markets edged higher in January trading as small gains offset earlier losses. The New York Stock Exchange saw about 2.1 million shares as the rally helped recover roughly half of yesterday's decline with several securities fluctuating and leading movers mixed in performance.
In a bustling market the day featured fluctuating livestock quotes with heifers and cows attracting attention while calves and lambs showed varied demand. Commodity and auto stocks also moved, led by gains in General Motors and Lockheed as bonds and currencies traded quietly amid mixed overall sentiment.
The day’s trading on the New York Stock Exchange concluded with notable activity across major sectors. Key performers included technology and energy firms, while some industrials posted gains and several banks showed mixed results.
A dense market note details grain and soy prices, citrus and fruit quotes, building permits, and live poultry and meat markets. It lists various price points for oranges, grapefruits, wheat, corn, oats, eggs, butter, and poultry, alongside contractors and dwelling permits in Los Angeles and surrounding areas.
The New York foreign exchange market shows the pound at 275 11/92, up 30 points. the dollar near 207.42 for other currencies. Major rates for Great Britain, Europe, and Latin America fluctuate with minor changes across yen, marks, and pesos amid a generally unchanged tier.
President Eisenhower will hold a news conference Wednesday morning, inviting questions from reporters and outlining agenda topics for the briefing.
Commodity index readings show a weighted wholesale penna index at 89 with prior day 175. Weel amy IFES and Wise Amt Wien provide mixed figures. month azo suggests 170.31. The garbled data references agsoutled frees and various codes, but indicates fluctuating staple prices across commodities in New York markets.
Fragmentary text shows mentions of dividends, resources, and various names and dates. It references August and September timelines, possible company or street names, and scattered figures. The record remains unclear due to garbled OCR but centers on financial and resource topics with multiple entities named.
Braniff Airways Inc stockholders receive first chance to subscribe to 1,105,545 additional common shares at $10 each. Three new shares per five held as of Aug 7 1956. President Charles E Beard says undersubscribed shares may be taken later subject to allotment. Rights expire Aug 21 at 4 30 pm.
New England Shoe and Leather Association reports 1956 six month production totals with national output at 805.704 million pairs or natty units. New England volume reaches 113.127 million, up about three percent over the prior period.
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