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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 19, 1954
Page
15
The London market moved higher as the Dow Jones Average gained 0.2 points to 136.0. Investors watched financials and blue chips, with limited gains amid cautious trading and steady demand for large caps.
Prices retreated modestly after a steady opening as traders dispersed for Washington Birthday holiday. Railroads showed weakness while motors, rubber, copper, chemicals, electronics and oils saw mixed signs. Trading was slow with about 1.4 million shares listed as investors focused little on tax developments and other market influences.
A fragmented market note shows cattle and hog quotations, with steers around 30.00 to 30.50 and utility to commercial heifers near 12.00 to 13.00. Lambs, heavy sheep, and calves trade. prices range from steady to higher, amid receipts details and local auction remarks. Bond and commodity items follow, listing varied corporate and industrial quotes and futures trends.
Tarlay's closing prices reported for NYSE transactions show notable shifts in early trading. Investors react to market-wide volatility as blue-chip listings lead gains while industrials face mixed results. Analysts caution volatility may persist amid evolving economic data.
Amid a garbled ledger of commodities and places the piece notes dust storms in western plains, shifts in prices for soybeans and corn, and a wide market overview. Names of locations, firms, and stocks are interwoven with speculative phrases, creating a fragmented snapshot of midweek trading and agricultural concerns.
Sen George of Georgia introduced a bill to raise personal income tax exemptions from 600 to 1800 this year and to 1000 in subsequent years. He is joined by Sens Kerr and Frear as sponsors. A staff estimate says widening exemptions to 800 would reduce revenue by about 5.04 billion annually. The bill awaits action as Ways and Means debates tax revision in the House, with possible attachment to the Senate measure. President Hoover warned of using vigorous measures if the economy doesn't improve.
Budweiser announces the first western brew from its new San Fernando Valley plant. The westward Budweiser beer will be bottled after a lengthy process, with full production expected to yield about 2,920,000 barrels annually when operational.
New York financial and commodity exchanges across the United States will close on Washington's Birthday Monday February 22. The Department of Agriculture will issue several livestock reports.
Market notes from New York show mixed changes in bonds and cotton while wheat and corn face demand pressures. Trade activity slides with cautious buying as crop prospects are adjusted, signaling a cautious tone ahead of the dist store outlook.
A garbled market brief shows staple price movements with figures including daily and weekly changes. The fragment references egg and general commodity indices, a date around 1950, and mentions a percentage change and a numeric index, but the text is incomplete and obscured.
A Reader's Digest digest reprints a March issue feature on strokes. It outlines causes warning signs before stroke and how medical advances help treat victims to lower risk. The article emphasizes prevention and catching symptoms early.
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