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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 17, 1953
Page
17
Daily market roundup notes Dow Jones averages with fluctuating figures across sectors. Industrial and rail stocks show varied performance with bonds and London stock activity included in a fragmented, OCR noisy report.
New York markets showed a mixed to modest decline in quotations as railroads and chemicals led losses while many industrials and radios held steadier. Overall trading was uneven with declines around a point in some issues and little change in others.
Trading on the New York Stock Exchange showed varied moves with lists of company names and prices. Several industrials and banks fluctuated while bond activity remained steady as investors weighed profits and risks.
Trading in New York fades early rallies as foreign exchange quotes drift and grain futures slip. Prices for corn and soybeans pull back while currencies from CAD to SEK show minimal changes. Analysts note uneven seasonality and wide spread movement across sectors with several currencies steady near prior close.
A chaotic OCR list shows numerous securities and broker references across markets with varied prices, bonds, and equities. The fragment mentions firms like Brown & Bg, Erie, and Cleveland Electric among many others, hinting at a crowded over the counter trading scene with fluctuating quotes and nominal ratings.
The page blends stock and bond tickers with commodity notes and local notices. It lists closing prices and last sales for bonds, oils, and industrials, interspersed with cotton market commentary from New York. It also covers weather, livestock, and a long string of unrelated corporate names and addresses.
The market notes bulls and cows trading unevenly with steady cattle and higher prices for some steers. Demand shifts toward prime beef, with quoted ranges reflecting feed costs and regional activity, including clear indications of buyer strength and supply dynamics.
Edwin Castagna announces six new staff at Long Beach Public Library in Syracuse. New librarians include M Virginia Hugnes Bookmobile librarian Harriett Roberts Dana Branch and Barbara Freeman Bret Harte and Arn and Philosophy staff Judson Voyles and two new operators Thelma Louis and Have Allen. Meanwhile AFL bus drivers strike disrupts city traffic as arbitration looms and most workers report to duties.
New York stocks drift lower with uneven declines as bonds show mixed results. Chicago markets close down amid steady trading. gold remains soft while corn and hogs hold firm.
San Pedro police raided a harbor area narcotics depot Saturday night and seized marijuana estimated in the hundreds of dollars. Officers arrested James Brotsis, 20, and Jana Edward Henry, 19, a Navy enlisted man at San Diego, on suspicion of violating narcotics laws. They found 34 cigarettes and two handles of marijuana in the residence, with loose weed scattered on the kitchen floor.
Joseph Henry Cook, 33, of Bellflower, was treated at Community Hospital for a slight right shoulder fracture and bruises after a Sunday night crash on Ocean Boulevard near Eln Avenue while attempting to avoid an auto and trailer. His passenger Howard B. Rook escaped unhurt as the motorcycle skidded 43 feet and slid under a trainer.
Torrance and San Pedro police joined to quell a disturbance involving 75 youths at a drive-in cafe located at 21176 S Western Ave. Officers dispersed the crowd after owner Lawrence Balty warned of possible damage to the premises on a Sunday night.
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