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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
Jan 11, 1954
Page
19
The Daily Times notes stocks showing a muted session with the London market index down 0.3 percent while several Dow Jones averages display small gains and losses. Trading activity reflected cautious investor sentiment as numbers shift across key blue chips.
New York market prices fell modestly in moderate trading with declines of one to two points in several key lists. The session saw about 1,000,000 shares traded with steels rails and motors down alongside oils airlines rubber and tobaccos.
The livestock market held steady amid steady demand for farm implements and distillers. The American stock exchange was mixed while corporate bonds showed no clear trend. Trading remained quiet with fractional gains and losses near balance. In over-the-counter markets long term government issues slipped early gains and ended largely unchanged, with only a few wide shifts observed.
Market prices for the New York Stock Exchange were reported with closing figures for today. Trading activity centered on major listings as investors evaluated gains and losses across key sectors.
The fragmentary OCR lists numerous stocks and prices with scattered company names and figures, resembling a late day stock board. It references American Stock Exchange items and multiple issuers, yet usable details are sparse and inconsistent across the garbled text.
Chicago grain and livestock reports show corn prices fluctuating as soybeans slip, with hogs and cattle mixed. Traders watched export news and market signals from Spain and talks of trade policy while dairy and sheep quotes moved narrowly.
A rough, combined market digest notes stock activity in Los Angeles and London with mixed tones. It lists several companies and commodities including Occidental, Lake Shore, and Blue Diamond, touching on cattle and grain markets and price movements. The report mentions trading in gold and foreign exchanges, with hints of midweek activity and regional price steadiness amid broader market shifts.
In Alfarthams market today hay prices are listed with varied figures including per unit costs and percentage changes. The report notes consumer demand and regional supply affecting the listed bids and asks for bale lots and small lots across multiple grades.
Earl Warren, former California governor and Supreme Court justice, is nominated again to Pan American World Airways by President Eisenhower in a civil anti trust suit filed in New York. The case targets Pan American Grace Airways for alleged market restriction and calls for divestiture of 50 percent Pan American Grace stock.
In Jerusalem four parties agreed to end a five week cabinet crisis by forming a new coalition led by ex Premier David Ben-Gurion ally Moshe Sharrett. The alliance includes Labee and Genera factions and aims to present a new cabinet to Parliament next week with Sharrett as head.
Two fishermen Norman Ritter and Vincent Hanks trapped on Byram Lake ice saw their plane land through the ice. The wing tips damaged the craft but prevented a plunge into 36 feet of water. Pilot Pilster and Hapks swam to safety after escaping the wreck.
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