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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 05, 1954
Page
17
The Friday markets show the Dow Jones Industrial Average around 3953 with declines near 254, while bonds sit near 99.64. London stocks rally as the Times index climbs about 54 points with industrials leading gains.
New York stock market opened with a surge but soon moved irregularly as prices scattered around one point up or down. Volume was around 2,000,000 shares with heavy overnight orders causing ticker delays as buying optimism followed Thursday's rapid price advance. Prices edged higher fractionally amid the excitement.
The day’s livestock market reports list prices for cattle, hogs, and sheep with mixed results, notes on salable calves and cows, and bids from buyers. Separate market commentary discusses broad stock market trends, oil and steel sectors, and a Federal Reserve rate cut boosting optimism, with foreign exchange quotes for major currencies and world markets.
The page compiles end of day prices from the American Stock Exchange with numerous stocks, bonds and corporate listings. It includes closing figures, percent changes, and bidder asks across clients and sectors, listing individual securities and issuers such as Ack, Johnson, Textron, Dow Chemical and others.
A chaotic collage of 1875 market items includes grain dividends notes, cotton and futures prices, stock quotes, and names of brokers and companies such as General Motors, Interstate Securities, and National Association of Securities Dealers. The page weaves price movements, futures activity, and trader notes across cotton, grain, and energy sectors with scattered references to specific firms and individuals.
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