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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 11, 1947
Page
4
A chaotic OCR transcript from the New York Stock Exchange shows scattered tickers and vague mentions of shares, metals, and various company codes. The garbled lines hint at trading activity, prices, and entities but lack coherent narrative or clear outcomes.
Boris Sergievsky landed his small Grumman amphibian at London airport after a 23 hour hop from New York. He said the flight was undertaken for fun to test his little plane. He traveled with his wife a radio operator and Marina Svetssova a Metropolitan Opera dancer, stopping in Greenland, Iceland and Prestwick before planning to Paris and back to New York.
General Albert C. Wedemeyer, Truman's envoy, continued his fact finding tour in China by visiting Formosa. He planned two days there before heading to Shinghai and Canton, hoping to finish the China phase by August 24 and then fly to Korea.
The Agriculture Department projects a 1946 corn crop of 2.66 billion bushels and a record wheat crop of 1.428 billion bushels. The corn forecast, based on Aug 1 conditions, trails last year’s 3.29 billion but exceeds the 20 year average, while the wheat rise supports continued exports to shortage areas.
Tokyo report states that the Japanese government will not promise compensation to owners whose land is expropriated for reparations. Commerce and Industry Minister Chosaburo Nizutani said payments would be decided later based on conditions at the time. He noted no concrete pledge will be made now.
Senora Eva Duarte Peron leaves Lisbon on August 11 en route to Dakar after winding up her European tour. In Dakar she will board a flight to Recife Brazil, continuing the Argentine leader's wife travel plan.
In New York trading mixed moves sent several key indices higher while others drifted. Investors weighed corporate results and economic signals as sector leaders edged up and some laggards eased.
New York cotton market under government pressure reacts to favorable crop forecasts. Futures edge lower on the day with midsession quotes close to the prior level as traders weigh export bids and weather hopes for Texas and Germany.
A chaotic OCR fragment lists assorted poultry terms and prices with scattered names and places. The text mentions Grade A and Grade B poultry categories, weights, and various unclear items such as eggs and beef, but concrete facts remain tangled and largely unreadable.
New York Aug 11 headline notes a rally in motion picture stocks and industrials as the market opens firm with many leaders still easing. Gains were slim and losses prevailed by session end while Paramount Loews Twenty-First Century Fox Universal and Columbia benefited from London tax relief talk. Bonds were uneven and commodities fell with corn wheat oats and cotton sliding from morning highs.
The Chicago market shows cattle and hogs broadly advanced with cows and bulls rising. Prices ranged widely across weights and classes from feeders to sows, with top steers around $29. and hogs near $28.75, reflecting firm demand and steady buys.
Grain prices show volatility with corn and wheat moving in narrow bands. No. 2 yellow corn trades near 2.01 to 2.34 a bushel as futures react to market shifts and contract activity. Wheat futures drift, with prices around 2.10 to 2.30 per bushel amid fluctuating demand and harvest expectations.
Fragmentary text shows disjointed figures for staple prices and averages with multiple garbled names and numbers. It mentions prices like 186.88 487.46 180.00 and ratios or indexes, but no clear event, date, or entities.
Daniel J. Tobin reopened the International Brotherhood of Teamsters international convention in San Francisco as the union seeks re election of most leaders. Dave Beck of Seattle condemned general work stoppages as evolutionary acts and pursues the presidency with Tobin’s potential retirement.
The report shows diverse monthly totals including large outlays and receipts with figures such as $10,817,258 and $7,708,103 in various columns. Details reference months, districts, and multiple Treasury categories, indicating a complex accounting snapshot.
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