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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 28, 1955
Page
17
The report lists Dow Jones Industrial, Rail, Utilities and Stocks averages with closing values for the 1954-55 period. Industrials at 411.87, rails near 149.47, utilities around 64.05, and overall stocks about 335.4, reflecting gains and daily changes.
In a relatively quiet market, stocks rose modestly with most gains between 1 and 2 points and some losses up to 4. About 100,000 shares traded as Bethlehem Steel showed strength and several major sectors including steels utilities airlines motion pictures coppers and chemicals performed well. Oil issues lagged and aircraft shares mixed.
In Chicago buyers faced a tumble in prices as producers unloaded about 13 000 head on the market versus 6 000 a week earlier. Steers topped at 39 25, prime heifers 26 25, cows 13 50, sows 34, and hogs mostly steady to weak with high fat prices around 18.00. Lambs and sheep showed mixed demand with large supplies and slow turnover, while California and Los Angeles listings reflected cautious activity and steady to lower quotes across cattle and calves.
Today's closing prices show grain market activity on the New York Stock Exchange with data on corn wheat and soy futures. Trading ended with gains for most contracts as traders reacted to supply signals and weather forecasts.
Los Angeles stocks show diverse listings from Mont Diablo to Northrop and Seaboard Finance with rates, bids, and corporate references amid commodity notes. Market summaries extend to cotton futures, grain prices, and California agricultural pricing in a dense, period-voice ledger of entities and numbers.
Treasury records show cash balances and gold assets, with comparisons to prior year spending. Figures include about 5.43 million dollars in February 1955 versus 4.56 million the year before, and listed gold assets around 2.18 billion.
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