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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 09, 1950
Page
4
New York December 9 The A P Commodity Index rose to 199.64 this week, up from 197.19 last week and 160.87 a year ago. The 1926 base year remains. Food, grains, and cotton led yearly highs while industrial and livestock sectors posted gains, nonferrous metals held, textiles fell slightly. The index compares with prior figures.
Chicago livestock markets show a volatile week with cattle and hog prices fluctuating. Cattle demand wanes slightly while hog and lamb figures edge higher, though overall activity remains uneven across the week.
Fragmentary OCR lists hay prices and autos with inconsistent figures. Notable entries include a No 2 hay price around 29.00 and 46.80, an autos line showing 85.0 and 26.80, reflecting a damaged historical price listing with unclear units.
Daily summary of transactions on the New York Stock Exchange and the Curb Market plus over the counter securities in Los Angeles. Includes federal state market news notes and brief commodity mentions such as butter eggs and poultry.
The stock market rose as railroad shares led gains, with a broad move higher in trading volumes. The Associated Press average for 15 railroad issues reached its highest level since 1931, with leading names advancing and airline stocks showing a modest lift amid a quiet overall day in bonds and foreign loans.
Long Beach Public Library introduces daily interbranch delivery so patrons may return books to any branch or the main building. Edwin Castagna announces overflow books from the main library will be in storage and accessible within 24 hours. The move aims to increase access as city growth keeps the collection below ALA standards.
Sacramento December 9 The State Franchise Tax Board approved a 7.55 percent income tax rate for banks for 1950 replacing personal property taxes banks previously paid. The increase of about 0.8 percent drew opposition from California Banking Association Bank of America and Security First National Bank of Los Angeles which argued the tax unconstitutional.
Riverside dispatch reports Lester Price chosen as chairman of the Southern Empire Supervisors Association representing eight Southern California counties. C. M. Featherly of Orange County is vice president and William Hollister of Santa Barbara County is secretary treasurer.
An unclear market brief notes trends in staple prices with several garbled terms and entities. The readable fragments reference price movements and market leaders, but precise items, dates, or locations are not discernible.
Markets at a Glance reports small changes across sectors with higher prices in stock equities and bond markets, mixed closes in commodities, and modest shifts in futures. Wheat and cattle show nominal steadiness with limited volatility, while overall activity remains subdued at the session close.
Listing of arriving and due vessels with berths and origins in New York, San Francisco, and Liverpool areas. Entities include American and Canadian lines, ports like Vancouver and Portland, and numerous ship names with dates in December. Shows active port traffic and expected arrivals for tomorrow and upcoming days.
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