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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 10, 1954
Page
17
Financial data from Furpisnes by F Hutton shows the Dow Jones averages for Tuesday with closing, high and low figures. The report lists industry, utilities and rail components, and notes a London Stocks average rise to a new 1954 high at 163.9 as traders awaited London stock market activity.
Pearl and steels paced a rising stow market this afternoon breaking a four day decline. Gains ranged to around 3 cents, while losses were small. Volume rose to an estimated five million shares. cattle and hog prices posted mixed advances with prime steers and heifers showing gains and lambs and sheep holding steadier in a broad market rally.
The market shows a moderate recovery with aircrafts and steels leading. Chrysler climbs over a point after last week’s dividend cut while Wheeling Steel, Boing, Sperry and others show solid gains. Expanded trading on the American Stock Exchange sees mixed advances and declines among blue chips and utilities.
A noisy OCR fragment from a New York Stock Exchange listing shows dairy and poultry terms with grades and prices. Mentions butter eggs poultry grade A and B, carton entries, and mixed figures like 21 percent and 101661 jolts, with several garbled names and quantities.
Chicago traders faced a volatile session on the board of trade as prices opened lower, rallied, then sold off amid selling pressure driven by Midwest receipts and anticipated government data. Market watchers noted uneven activity across grains with brief moves in wheat, corn, and oats as investors weighed forthcoming reports and market conditions.
California orange prices slip modestly across sizes with Los Angeles market data showing limited gains for higher grades. Local buyers observe small decreases in some mid range crates as traders note steady demand and seasonal supply dynamics amid mixed wholesale activity.
Former President Hoover arrives at the white cottage birthplace in West Branch to deliver a major policy speech as crowds of up to 50 000 gather. His sons join him and officials including Virgil M Hancher and William S Beardsley greet the event, while Vice President Nixon cancels due to farm legislation votes.
A fragmented OCR summary lists earnings figures, prices, and percentages for multiple companies and products. It mentions Reynolds, Georgia Pacific, Link Belt, Virginia, Bowser, Arvin Industries, and various shares, with values ranging from fractions of a dollar to several dollars over several months.
The page lists numerous currency rates from New York markets with many unchanged values. It notes the British pound around 4.54, Canadian dollar near 1.90, and various European and Latin American currencies with minimal or no change, reflecting a quiet trading day.
New Paris driven fashion hints a shift toward a flatter silhouette with looser waists and hips held tighter by revised foundation garments. Industry bureaus say mass appeal hinges on whether Hollywood tastes align with high fashion, and retailers wonder if spring merchandise will move or become obsolete by fall.
The bishop of Johannesburg attending the World Anglican Congress warned that current government segregation in South Africa could lead to bloodshed. Rt. Rev. Richard Reeves said readers believe reforms will reverse integration, placing each ethnic group in its own village, with no clear path forward.
NEW DELHI India and Portugal moved toward a six nation on the spot inquiry into the Goa dispute and other western Indian Portuguese colonies. Lisbon proposed three neutral nations to send four observers each to conduct investigations in both Portuguese and Indian territory. India asked Lisbon to name its choices immediately. Lisbon warned the plan could avert bloodshed and war amid rising tensions over Goa Daman and Diu.
In Floyd County Iowa Evelyn M. Wood, 35, won a divorce decree against Wayn Wood, 36, granting her control of Wood Motor Co and a life of property including the home, furnishings, bonds, an annuity policy, and his government holdings. The decree orders transfer of the dealership interests, surrender of franchises for three car makes, and prohibits him from working for any employer in Floyd County for five years.
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