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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 24, 1953
Page
13
The Financial Times notes the London stocks today fell with the daily index slipping 61 points to near 123.6. Trading showed varied activity across major London listings, reflecting market caution amid global cues and sector rotations.
Margin requirements cut by the Federal Reserve sparked a broad stock rally led by railroads, motors, and steels with gains across major groups. Big blocks traded early, including New York Central and Pepsi-Cola, while long term bonds fell and trading cooled late in the session.
Chicago markets show cattle and hogs mostly steady with declines of up to 38 cents on some classes, while prime steers reach 24 dollars and hogs around 20.50. In Los Angeles, feedlots report moderate activity with steady to lower prices, steers $23.25 and commercial cows near $18.00, reflecting mixed demand and lighter receipts.
The New York Stock Exchange reports daily closing prices across major listed securities. Key indexes and lead stock performances are summarized, noting notable gains and losses among blue chips and market leaders.
An OCR messy list shows earnings figures from numerous firms including Carborundum Co, Dixie Cement, Sprllinacrones Corp, and Gas Light & Power Co. Values range from fractional to dollars with multiple year stamps and diverse line items, indicating a broad quarterly or yearly earnings roundup.
Financial page summaries U S bonds and domestic issues with trading data. Notes include bond sales totals, stock sales figures, and listed figures for leading securities, with mentions of commodity movements and market indicators.
Fragmentary OCR text lists grain market terms and finance references. It mentions various firms, locations, and entities like Pacific Co, Consolidated operations, and unnamed dates. The passage appears as a jumbled ledger without coherent narrative or identifiable events.
Federal State Market News notes closing prices for consumer goods in Cantons. May routes show butter at set levels with tariff considerations and wholesale terms. Toasters and hens listed with weight thresholds and standard pricing guidance.
New York markets show higher stock margins but uneven action in commodities. Cotton declines into late trading while overall bond activity reflects mixed demand. prices move with reports of moisture, futures, and cash trade contrasts across Chicago and New York sessions.
Edison Co. board of directors in Los Angeles declares a regular quarterly dividend of 50 cents per share on the original preferred stock and 27 cents per share on the cumulative preferred stock 432 per cent series. Both dividends are payable March 5.
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