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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 12, 1955
Page
21
The daily market snapshot shows indices with mixed results as traders close the week. Key figures appear fragmented but indicate overall activity across industries, rails, stocks, and bonds with several price points listed.
The report lists today’s closing prices on the New York Stock Exchange, highlighting key stocks and sector movements as traders wrapped up the day. Major gains and declines reflect shifting market sentiment and trading volumes across blue chips and midcaps.
Recovery in stocks continued for a third day with gains in chemical and industrial convertibles while rail and utility issues declined. The market showed mixed moves across sectors as investors weighed inflation data and earnings.
Los Angeles reports a stock market mixed with gains in some sectors while others slip. The day features activity in chemicals farm implements oils and airlines with the Dow Jones-like averages and bond market steady versus light volume. notable mention of United States Steel and electric products amid cautious trading and credit warnings from Washington.
New York I trading in cotton shows lighter prices as late day quotes slip about 30 cents per hundred weight from earlier levels. Textile buyers slow, while short covering provides some support. traders await Washington news on potential movement of surplus government cotton into foreign markets. December and March contracts hover around 23.78 and 32.7 cents respectively.
A SAXT DAWSON report in New York predicts appliances could top one billion dollars in sales this fall and Christmas. Consumers, buoyed by prosperity, may buy on time as mortgage limits bite, while built in and packaged kitchen trends gain traction across U S markets.
A fragment notes PASTHETH an improver powder claimed to hold dentures more firmly in place without causing sour taste or discomfort. The text warns against certain ingredients and mentions alkaline components, but reads as a stray OCR segment with unclear details.
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