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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 17, 1954
Page
15
The day’s figures show Dow Jones averages closing near 48.38 with varied highs and lows amid erratic activity. London Stock Exchange trading reflected a tentative slide with the London Averages drifting, signaling cautious sentiment in mid-1950s markets.
Oils and motors helped the stock market post gains in early trading in New York. Volume neared three million shares as railroads mail order houses rubber producers and mining issues also moved up. Radio television stocks rose while steels faced pressure and most aircraft and chemical issues declined. The opening saw rapid pace with large blocks crossing the tape.
Livestock prices remained steady with varied bids for hogs cattle and sheep and prime spring lambs trading near 20 to 27 dollars per cwt. In equities news Rep Celler urged DOJ action on Bethlehem Steel and Youngstown merger while Kaiser motors activity boosted Gray Ham Paige and Northrop rose on stock splits and a generally firmer American Stock Exchange despite mixed early losses.
Reading of daily NYSE figures shows closing prices and changes across many listed securities. The page lists numerous stocks with company names, price movements, and percent changes, reflecting broad market activity.
Los Angeles market notes show Chicago soybeans and corn steady with mid session buying, Northwest demand reports and falling fears of September coverage. Wheat demand signals noted. cattle and hog prices quoted, cash grain and livestock terms listed alongside a broad array of securities and indicators from Wall Street and the Treasury.
A scrambled financial roundup lists varied earnings and shares across multiple companies including Seaboard, Wood Machinery, Shattuck Denn Mining, Agricultural Chemical, Puget Island Pulp, and Puget Timber. Entries mix currencies and unclear figures with inconsistent spellings and dubious OCR artifacts.
Fragmented market notes show uneven moves with stocks trading mixed, bonds easing, and commodities like cotton and wheat quoted with unclear prices. The garbled text suggests modest gains in some areas and declines in others, but exact figures are unreadable.
Fragmentary OCR data lists grain grades and numbers such as No. 3 No. 1 with numeric values 29.089 and 30.00. The readable text presents no clear event, date, or agency. Overall, content resembles a partial price table entry with grain quality tags.
Tone’s attorneys say he settled for 17500 of the 5666868 suit against Lloyds of London over injuries from a 1951 fight with actor Ton Neal. Tone contends Lloyds covered his injuries under policy G100 UO but Lloyd’s says Tone provoked the fight while intoxicated and is liable.
An American shipping man aged Sd years reached Hong Kong today after 33 years in captivity. He was among six Americans released by China at Geneva in exchange for Chinese students held in the United States. Four others are Roman Catholic priests.
Walter Victor Woebiks or Walter Woehike, 70, former assistant U S Commissioner of Indian Affairs, died in a Vienna hospital after a cancer battle. He came to join his daughter Mrs Edward I Cro fut after retiring from his Phoenix Arizona area Indian Bureau post. Born in Manover Germany, his wife is a U S Information Office employee in Vienna.
Private surveys confirm a sharp deterioration in cotton markets as futures drift lower. Analysts cite weaker demand, weather shocks, and potential legislation delaying pricing in the near term with prices trading higher late afternoon.
Brokers say public participation is rising as retail investors enter the stock market, widening price swings and boosting demand for speculative issues while institutions remain focused on blue chips. Margin rules and postwar fears temper speculation, potentially averting a 1929 style bust.
A military court in Tehran indicted ex foreign minister Hossein Fatemi and eight others including aides and lawmakers on charges linked to plotting to overthrow the shah. Fatemi, a key figure in Mossadegh’s era, faced possible execution if found guilty. Mossadegh ally Razavi faced separate charges and a heavy disguise history marked Fatemi’s fugitive months before capture.
The Council of Ministers and the Communist Party central committee announced today that the Kvelmin chiefs had acted with satisfaction that the campaign to increase grain production, started late last year, was receiving an ardent response as grain sowing expanded across millions of acres of hitherto virgin soil.
An elephant named Jamuna fatally injured assistant keeper Frank Lane in Auckland as she swung her trunk during feeding. Lane, 65, died after being knocked against a wall and struck by the elephant.
SAN DIEGO WM Seyald H Young 57 a San Francisco sewing machine salesman was released by police after his wife refused to press formal charges alleging he stole over $36,000 through unpaid loans Mrs Mona K Young of Los Angeles filed the complaint in which she said she would not press charges and wished to recover the money. He claimed the loss occurred while operating sewing machine firms in San Diego Oceanside and Los Angeles.
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