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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 17, 1953
Page
17
The report lists Dow Jones and London stock figures with highs lows and changes for industrials utilities bonds and overall averages. It notes a Financial Times daily index and a 124.2 level with an observed high for the day and various market totals across sectors.
In New York trading the malaise centered on motor stocks with General Motors leading declines after major blocks moved on the tape. Weakness spread to railroads and steels as investors weighed defense secretary Wilson's 4000 GM shares sale. Volume was light, totaling about 1.3 million shares, with several blue chips including Pennsylvania Railroad Gulf Oil Loews AT&T and U S Steel among losers.
Cattle sales in Chicago and Los Angeles showed steady to higher prices for steers and heifers, with hogs and yearlings mixed. Bulls and cows remained active with strong demand for prime lots, while sheep and lamb markets were slower, reflecting varied regional demand and larger sale volumes.
A brief market note records activity in over the counter securities with focus on a center building scene and adjusted bid levels. The report highlights a fan of traders observing prices and a built in broker action around midday.
The record summarizes NYSE trading activity with closing prices across listed stocks. It notes daily movements, key gainers and decliners, and overall market direction for the session. Data includes prominent tickers and their final quotes, reflecting investor sentiment at market close.
A scrambled OCR page shows a chaotic bond market with mixed prices and broad activity. The document lists various securities, attributions to firms, and price quotes across multiple sectors, reflecting a volatile session and investor interest in government and corporate issues.
The report notes Florida citrus prices steady with mixed movement in stems and grapefruit, while California oranges and Texas markets show varied activity. Cotton futures in New York decline from earlier gains as March to July months switch, with spot demand weak and mills reporting slow orders amid rising hedge activity and futures adjustments.
Mrs Clare Booth Luce told the Senate Foreign Relations Committee at a closed hearing that as ambassador to Italy she could have no relations with the Vatican, formal or informal, open or secret. The 53-year-old former Connecticut congresswoman and Catholic convert testified.
Local brief notes an entity labeled Aang Beach in California, with a figure $953 tied to a Tus Po listing in the PRESS-TELEGRAM. No further context or details available.
Markets at a glance show steady to mixed quotes across commodities. Wheat futures steady with minor shifts, oats and corn price movements subdued, and midcontinent markets reporting limited activity amid quiet trading conditions.
The Associated Press reports a staple price index for a recent month, noting a value around 174.08 with related figures such as 2350 and 1H2 5. The brief data point reflects ongoing tracking of consumer staples pricing.
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