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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 17, 1951
Page
4
Market report shows high and low values for the Dow Jones averages with figures in the 196 to 70 range across sectors. Industrials and utilities exhibit notable movements while bonds display modest activity.
YORK February 17 CP The stock market moved narrowly today within a surprisingly slim range while steel shares fell for much of the session. Volume ran about 800000 shares, the slowest Saturday in more than two months, with gold shares mixed and quiet as investors awaited corporate developments. The curb market showed mixed results and the bond market remained steady and quiet amid cautious trading on selective basis.
New York stock markets show gains in the week with the A P Wholesale Index rising to 5.38 from 4.14 a week earlier and compared to 1.6129 five years ago. The rise spans all but industrials with livestock grains cotton and textiles hitting new highs while the base year 1926 equals 100.
Chicago and New York market pages report uneven cash grain moves with corn easing, futures dipping and nearby contracts under pressure. Traders note French demand and European factors shaping prices, while livestock and metal markets show mixed activity and thin trading at week’s end.
Market notes show uneven livestock and hog trade with prices mixed. Erie and Atlantic markets influenced by cattle and veal demand. top bids varied as buyers weighed week’s activity. Wholesale prices hovered near record highs for some cuts while others softened.
Shipping notices list vessels arriving tomorrow and departing ports. Entries include Grace Line, Yokohama, Oceanic 2, and Pacific Orient lines with dates and ship names such as Kobe, Olivar J, and Norton Nortuna. Port details and line affiliations appear alongside vessel identifiers and voyage notes.
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