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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 05, 1948
Page
14
Today’s market brief shows the Dow Jones averages and sector leaders with movements in industrials utilities and bonds. Notable figures include various stock prices, changes and index values as traders react to early session activity.
An OCR filled with numbers and names outlines wheat corn and lard moves with tentative quotes, notable entities include Chicago and May wheat, diante Loebe and ANAC, with prices fluctuating as bids and sales appear scattered. The piece notes no clear rally, a midweek lull, and markets reacting to daily limits and trade echoes in a dense list of figures and place names.
News notes eight new wells among 59 oil notices filed with the State Division of Oil and Gas. Wells include Standard Oil FP BE No. 34 and Bolton Rousseau Nos 1 and 2 in Huntington Beach with other sites in Wilmington Signal Hill and Long Beach. Depths reach over 10 000 feet as drilling continues and surface casing is set on two Signal Hill wells.
New York February 5 stocks slipped to a seven month low amid broad declines. Despite late mild recovery, the market stagnated with many major issues posting sizable losses. Notable decliners included U S Steel Bethlehem Steel Chrysler General Motors Dow Chemical Eastman Kodak Union Carbide and Goodyear.
Walter Reuther president of the United Auto Workers urged Congress to reexamine the proposed 65.8 billion dollar Marshall Plan aid and consider increasing it. He warned that underfunding would hinder democratic momentum and ally support. Senator Joe Ball criticized the loan as a dressed up British loan.
Chicago February reports show traders debating whether the postwar wheat boom has ended. Prices fell sharply in recent weeks as analysts argue about carryover, domestic demand, and world production including European harvests.
Angeles livestock market report with bid levels for cattle and sheep, noting prices for cows, steers, heifers, and lambs. Includes trading activity, market tone, and varied receipts at Chicago and New York exchanges, with prices quoted for cattle, hogs, and cotton futures amid fluctuating demand.
The report lists a broad range of stocks and financial entities with scattered figures amid a dense OCR of market items. It includes references to Krusee Croan Shipbuilding and various banks and trusts, interspersed with a Treasury expenditure table detailing figures for February and related funds.
In Colorado Springs a heater blast filled a three room ranch with smoke, suffocating two infants near the Minor family. Beverly Jean Minor, aged unknown, and James Ward Minor, 18 months, died. Parents Larry W Minor and spouse were milking cows nearby.
Market briefing notes chaos with tangled jargon. unclear figures and scattered names hint at declines in several sectors including financials and commodities. Readers should seek a clearer source for exact prices and losers.
Los Angeles February 5 VP General Robert E Wood chairman Sears Rochuck J Co says business will be good in 1948. Wood and 12 board members tour new Sears stores during an inspection tour.
Ambelid Feb 1348 listing for poultry with retailers and grade aria details. Includes shipping notes, standard weights such as 4 lbs and 17 in various lots, plus mentions of colored stock and specific fowl varieties.
A historical staple price trend shows declines and differing indices across commodities. Various figures indicate shifts in value, with some items dropping while others show minor gains. The report compiles daily pricing data from multiple sectors to illustrate overall market movement.
Los Angeles February 5 1931 foreign entrants may compete in the National Air Races this year for the first time since 1936 when a French subsidized racer caused a stir. Benjamin Franklin general manager of the air show said the entrant decision will be made at a meeting of the National Aeronautic Association contest board in Washington.
Fragments show garbled data about hay prices, general news service notes, dates, and amounts. No coherent entities or events emerge to form a factual summary.
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