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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 28, 1956
Page
21
Stock market ticker details show mixed activity across sectors with declines in industrials and utilities. Key indices listed include rail and utility figures, with intraday changes and closing values noted for various components.
In late afternoon trading the market slipped amid light volume and narrow price moves. Dow components like Du Pont Santa Fe United Aircraft fell, while U S Steel Chrysler and several watchers held steadier. United issued plans for rights to subscribe to new preferred stock before Labor Day week.
New York Stock Exchange transactions showed mixed results with gains for British Petroleum, Savoy Oil and White Eagle while Royalite Oil, Atlas Plywood, Sanoff Oil and others lagged. Government bonds were very quiet and over‑the‑counter issues held today’s slight advances on longer terms. Grain futures fluctuated with Wheat and corn moving modestly higher amid steady investment demand.
Financial columns detail closing prices in Los Angeles with stock, bond, and commodity snippets. Includes references to rail and industrial names, market quotes, and investor activity across commodities, livestock, and real estate related figures.
A promotional notice invites readers to invest in a single security that streams dividends from multiple American industrial leaders. It emphasizes shared future growth and broad business potential, urging interested parties to contact Addras for complete information.
The Agriculture Department said exports for the 1956-57 marketing year ending Aug. 1, 1937, should more than double the 2,200,000 bales of 1955-56. Higher exports align with this year’s small crop, potentially halting the cotton carryover buildup that began in 1951-52. Domestic mill consumption is projected near last year’s 9,200,000 bales, with a carryover around 14,100,000 bales, a record high.
New York report shows 21 percent drop in business failures for the week ended August 3, with 83 failures the prior week and 30 a year earlier. Failures with liabilities of 5000 dollars or more fell to 174 from 233 the previous week and 199 a year ago.
Markets at a Glance report a weak tone in most sectors. Chicago wheat prices closed near highs with steady gains in soybeans and hogs advancing to around 315.5% and 31.00 respectively amid limited activity and technical recovery signals.
In New York the Seabee Press noted price movements across staples with slight advances and varied reporting on values. The report cites averages and changes from the previous period, reflecting market activity and commodity standings.
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