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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 18, 1956
Page
15
Daily roundup of closing prices on the New York Stock Exchange with summary figures. Includes key indices, notable gains and losses, and market activity across major sectors and leading stocks.
Market wrap reports mixed stock activity led by rails and steels with gains and losses scattered. Major rail names like New York Central and Pennsylvania advanced while Bethlehem and Armco fell on profit taking amid mixed ICC rate news and cement stocks rising.
Agricultural output surged with crops and livestock near record levels while farm acreage shrank from 1943. Butter, beef, poultry prices rise, and grain shipments by sea expand as ships depart mothballs. Tankers, some over 60,000 tons, are built or ordered to meet Europe and U.S. needs, with charter rates climbing and ship values doubling in the used market. Europe’s economic surge and the Suez blockage affect factory pace and drydock capacity as new tonnage enters service.
Fragmentary OCR text references a treasury report and financial figures from a past period. The readable items include scattered numbers and phrases but lack coherent dates, entities, or outcomes to form a clear summary.
The New York foreign exchange scene shows various currencies with mixed results. The Zaparian unit traded around parity while German and Brazilian currencies moved little. Hong Kong and Venezuelan bolivar remained mostly unchanged, with minor fluctuations amid broader market activity.
Western Insurance Information Service warns auto insurance rates may rise after a year of higher accidents and jury awards. Replacement costs for vehicles are cited as a driver, with some sources estimating increases up to 25 percent.
A cluttered list shows multiple building permits and contractor bids across various addresses. Notable items include a $2,441.43 yearly total, permits for 4850 Pacific and 8725 Downers, and bids from Southland Heating and other firms. The report references a Fate toy project and railway related works with several uncertain names and figures.
A fragmented note urges readers to seek higher income and warns against dwindling funds. It mentions stock yields, dividends, and a push for Wise Investment in Amortigan Industry. The writer promotes new year earnings and friendly discussions at local firms.
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