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Long Beach Press Telegram in Long Beach, California

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This newspaper page contains 16 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 24, 1949

Page

7

Stock Market Dips to Lows Amid Rail Pressure

New York February 24 UPI The stock market fell to its lowest level since last March, led by a sharp slide in railroad shares amid weak operating results and carload declines. Gold stocks rose briefly while several blue chips lagged. overall turnover approached 900000 shares as traders priced in storm fallout and profit concerns.

York UPI Santa Fe Great Northern Preferred Union Pacific Standard of CN 20Th Century-Fox Youngstown Sheet General Motors Chrysler Willys-Overland Firestone Lockheed Phelps Dodge General Electric Coca-Cola Homestake Dome McIntyre Porcupine U. S. Steel Packard Woolworth J. C. Penney

Butter Eggs Poultry Wholesale Prices Reported

Los Angeles reports wholesale price ranges for butter eggs and poultry with mixed dealer quotes and carton cases. The brief market note lists various grade levels and price points, reflecting regional trading activity for midwinter sales.

Los Angeles Jacana Tasta

Foreign exchange rates in New York on Feb 24

In New York on February 24 the foreign exchange market shows the Canadian dollar near par with a 2.22 percent discount, the British pound around 4.03, and the U.S. dollar equivalent at about 4.0234 per unit. Other currencies such as the French franc and Swiss franc show limited movement amid a general steady trend.

York Britain Jen Cktoray Egieretind America Aye— Textron Ped& Mae Teres Amnentnane Bavion Chena Larketsnyor Sragsametica Decca Records Joeieshid Alriles Carrenet Bagiaan Ramon Sau Sullinsare Brevlin + i Munsingwear Stevenance MuronGc Republica Auaware Sureascor Ai fatokVanns Anas Soro Raytheon Texantin Ryan T&r Nebee St Atlas Simca el Bend Tiegins Soemai Granite Shem Coallalls Rowton An & Eat Bucitte Feagatel Niga Fee Ctteg Sen Se Rey Lenin Iain Gao Waikar Regal Bratt Air Dininana Carp Broadway Dept Chrysler Gore Fitzalmmons Sire Sulemmshs Freter General Stoters Jssstaut Lislit Cal & Hee Jake Baten Inisiec Bnet

Treasury Report Summary from Tarrington Pubic Area

Fiscal report shows total receipts 14,143,969,243.83 and budgeted outlays 20,495,035.46 with deficits and various line items including expenditures for Chen, Bate and Gold Asset values. Document outlines operating costs, debt service and reserve balances with figures in a chaotic OCR format.

Treasury Report Boe Ns Serae Lea TA Conemle

Earnings and corporate reports amid market summaries

Financial notices list earnings figures for several firms, including Eaton Mant and Wilonn Brothers, with details on per share amounts and total earnings. The brief notes mention other corporate earnings and market activity, reflecting the era's business reporting style and irregular OCR transcription.

Fem Eaton Pineal Ort Incult Co Nite Bipcult O. Ae Atarhie Wilonn Brothers Bhare

Hoy Prices Teaser Line Lacks Clear Sale Context

OCR fragment shows scattered financial figures and codes but no coherent event, date, or entities. Unable to determine a main subject, audience or location from readable text.

Livestock markets varied amid rising hogs and lambs

Chicago sales saw slaughter lamb bids reach new highs while hogs declined about 25 to 50 cents and cattle held steady to down. Reports show strong sheep demand, with high quality rammed ewes scarce and calves steady to lower, as receipts near 12,000 head.

Chicago Enire Loughter

Cotton futures ease as March hedges curb demand

NEW YORK, Feb. 24, cotton futures drifted lower amid hedging and near term delivery pressure. March delivery notices spurred selling while signals hint at a softer mid-February parity against January levels around 30.75 cents. Late afternoon quotes showed declines of roughly 50 cents per unit from the previous session.

New York New Orleans Chicago Kansas City Bicher March Ge Bella Ter Pet BiheBe Lurmaaakee Malling Boybaana Chicaz

Electric power output rises in week end Feb 19

New York reports electricity production totaling 5,650,279,000 kilowatt hours for the week ending February 19, a 7.5 percent rise from the year prior. Regional gains varied with Mid-Atlantic, central, and western areas showing increases while New England lagged.

New York Edison iEkeltte Institute New England Mid-Atlantic Central Industrial Midwest Central Southeast South Central Rocky Mountain Pacific Coast

Polio Deaths Rise in West Los Angeles Area

West Los Angeles resident Wylie McManus, 26, died at Corona Hospital marking the epidemic's 197th death. Four new polio patients were admitted to General Hospital yesterday as the outbreak continued.

Los Angeles Wylie McManus West Corona Hospital General Hospital Wig

Oranges and Lemons Prices in California Auction Markets

The California Fruit Growers Exchange reports citrus prices with oranges listed as lower across markets in a daily update. Auction figures show varied bids and notes from diverse locations including Imperial Valley and Yuma.

OS Angeles Newa Service Aseinse Immerial Valley Yuma Ariz Californal Fruit Growers Exchange Burlent

Markets at a Glance in New York Feb 2

Markets at a Glance show declines with weak tone across commodities. Cotton futures soften with hedging costs and price gaps, while May contracts hold steady in some months. cash market indicates firm tone in parts and widespread small losses in others.

New York

Inflation era fuels praise and peril of installment buying

New York traders debate installment buying as a curb on inflation yet fear future deflation. Federal Reserve tightens consumer credit, with bankers, grocers, and politicians pushing for a balance between access and restraint. Auto dealers, department stores, and home builders weigh in on how credit rules shape demand and future sales. Mortgage lending slows, delaying construction while merchants urge careful credit management.

New York Congress Federal Reserve Board Consumer Wright Patman Texas Patman Credit l National Automobile Dealers Association New York State Food Merchants Association Chicago National Association of Home Federal Reserve

French Nun Wins Filipino Decoration

Manila February 24 A French nun Mother Damien receives a Filipino decoration from President Elpidio Quirino for forty years of humanitarian service in the Islands The ceremony also honors American Miss Mary Polliey H Otley Beyer Irvin Hart and Belgian priest Rev Leon Quintelier as other foreign recipients for long service.

Manila Damien Elpidio Quirino Islands Jathers Mary &. Polliey Fort Atkinson Wis H. Otley Beyer Edgewood Town Irvin Hart Carmen Leon Quintelier Belsele Flanders

Trend of Staple Price: Market Index Snapshot

A fragmented note shows an index style update on staple prices, referencing rice and tea values with numeric codes. The readable items include dates and price figures in a march toward broader commodity tracking, signaling market activity across staple goods during the period.

Associated Tea

California building and loan assets jump in year

SACRAMENTO Feb 24 UP Total assets of California building and loan associations rose 17.34 percent last year. Commissioner Frank C. Mortimer notified Gov Warren that assets stood at 1 462 059 7 on Dec 31, up 62 297 172 from the prior year.

Sacramento California Building and Loan Associations State Building and Loan Division Frank C. Mortimer Gov. Warren

Also Mentioned on This Page

Dow, Jones Sane London Financial Times Daily Ericago Ted I Magia Poe Shane New York Stock Exchange Babar Tyes Mabie Gamuaty ST Post & Albany Hanover Lartford Des Mars Sheniicaa Co Tromt CO Success & Samnee Tatiana City Sai — Olsen Fini Delton Repoere Co Apptianca Farms Gitesoary Wong Boll Lamb Fund Inc Bryn APY ANAT Inea Steel Balloey Thaurb Geemienl Fund Crral Ivers Rae BAI c Ividend Eon Ins Associated Pras Bell Pa Badoe Beth & Quen R&p Sélan Torad T&t Canada Steamnans Itoday’s Business Mirror By Sam Dawson Credit Com Ori Ryo Western Unica Am An & Os Ae Arnau Bo Air Ate Pe Treneatrerica Gen. Motors Gund.Ou N. J Buabeon Eablor Wellesley Hall Man
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