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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 18, 1955
Page
19
BOW JONES averages show mixed results with Industrials near 30, Rails 29, Utilities 15, Stocks 65, and Bonds 40 as the market closed. The session featured fluctuating prices and a decline from the day’s high, with the London market cited for context as AVERAGE LONDON.
A major selling wave swept the New York market late today after a prior modest advance in steel aircraft and radio-television shares. Reports of price declines in London sparked selling across the floor, with prices briefly up about four points then retreating to roughly two points. The tape flashed from the trading floor to the ticker to inform the public as losses spread, oil stocks drawing renewed selling near the final hour while the American stock exchange showed higher overall trading remained moderate.
The day’s report from the New York Stock Exchange and American Stock Exchange lists a collage of closing prices. Numerous tickers and brokers appear in a dense string, highlighting gains and losses across diverse sectors.
A garbled OCR extract shows mixed financial figures, dates, locations, and abbreviations. It presents multiple scattered numbers for prices, totals, and dates, with isolated place names and ticker-like strings, lacking coherent narrative or clear subject.
Treasury report compares current year spending with prior periods and lists numerous line items. It notes totals, assets, and obligations across departments, with figures for specific contractors and agencies, including balances and annual amounts. The document references building permits data and various financial entries from the Treasury, with names and organizations appearing throughout.
Chicago market reports show average prices dipping to multimonth lows across cattle and hogs with bulls and sows steady to lower. Lambs and calves fluctuate, while feeder steers and canners remain weaker. demand mixed as traders cover limited supplies in a challenging trading day.
Lt. Harry Fleming of Racine Wisconsin testified at a Fort Leavenworth court martial saying he challenged Major Ambrose Nugent’s speech to POWs. He described using Communist phrases and maintaining he did not sign the propaganda but aimed for humane treatment of prisoners.
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