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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 20, 1947
Page
6
New York Stock Exchange transactions listed with curb quotations in the morning market. Prices shown reflect early New York curb levels in Eastern Standard Time, indicating opening movements and notable price shifts across active issues.
The document lists Treasury figures for the month with receipts of 18 407 and total expenditures of 100 844 etc. It covers year figures July 1 to June and notes balances with assets around 21 866 186 and 20 207 054. The text reflects fiscal accounting totals without narrative context.
Market brief from New York shows mixed moves with some sectors advancing while others hold steady. Cattle prices remain mostly steady around 4000 cents, with the day’s top around 25.
New York price tracking shows commodities slipping amid mixed signals. The index lists several items with notable drops from prior readings including indexes around 158.57 and 180.72, while others hover near 112.2 to 167.6 as traders weigh demand and supply dynamics.
Dow Jones Averages report today shows mixed activity with several sectors listed. Industrials trade near mid range, rails and utilities show modest moves, while bonds display lower prices amid broad market fluctuations.
The slow stock market edged higher in fits and starts before midday, then slipped back with mild selling at the close. Transfers neared 500000 shares as traders pondered a possible rally next month. Major issues like Coca Cola United Fruit and U S Steel showed varied activity while bonds shook.
Dowagiac Michigan August 20 state police patrolled the Meddon Bait Co plant area scene of a tense wage dispute. Union President Charles Grayson urged 100 percent peaceful picketing while Governor Sigler and UAW Vice President R J Thomas traded sharp charges. State intervention marked by the third such action this month. Sigler accused the union of sending goon squads. Thomas accused the governor of using police to aid anti labor employers.
A fragmented Chicago livestock market report records uneven price moves across cattle calves and sheep. Bulls and steers show mixed gains and declines with top figures near 44.24 for some bulls while heavy offerings and varied weights push prices up or down across categories.
In Los Angeles on August 20 a dozen police radio cars and seven motorcycle officers pursued Vernon C. Slate 32 of Burbank for about 30 minutes through downtown. A crash injured Officer M B Lepore and Slate admitted to drinking before claiming he was just having some fun.
William Lenox Cobb, 37, educated at Texas College and USC, named by the San Francisco Board of Education as principal of an elementary school on Dr Herbert Clish’s recommendation. Cobb will be the first Negro principal in the city’s public school system with a school to be chosen that has some Negro enrollment.
Boston August 20 4 John E Swift a Massachusetts Superior Court justice was unanimously elected today as supreme knight of the Knights of Columbus. Los Angeles stocks were mentioned in disjointed text, with unclear connection to the decision.
In Santa Monica on August 20, Miss Virgina Warren daughter of California’s governor and 18, dined with Gov. James Folsom of Alabama, 38, a widower with no children. Sister Nina, 13, attended. Folsom planned to return to Alabama today and avoided commenting on any romantic affairs.
Weather notes from the western cotton belt influence trading as prices drift. Afternoon quotes show declines from earlier levels with bids around 32.65 for December and 32.10 for January, while near term futures mixed.
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