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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 12, 1954
Page
17
The Dow Jones figures show mixed moves with industrials and rails fluctuating while utilities and bonds hold near prior levels. London stocks rise slightly, with The Financial Times index at 131.8, up 0.2, signaling cautious activity in European markets.
New York reports a four day market rise breaking a loss streak as trading totaled around 1.2 million shares. Gains led by large stocks with notable lifts in Bethlehem Steel General Motors American Telephone Union Pacific Texas Corp Northwest Airlines Du Pont and General Electric while Merrill Lynch and Humble declined. Bond market advanced modestly with some Brazilian issues off and Japanese bonds slipping. Trading resumed in Liman dollar bonds for the first time since before Pearl Harbor.
The latest market activity on the New York Stock Exchange shows end of day closing prices across major sectors. Traders watched energy and tech shares move amid ongoing economic signals and corporate earnings reports.
The American Stock Exchange closes with mixed prices across sectors. Trading shows scattered gains and declines. notable entries include large caps and industrials, while several financial and commodity listings move modestly. Investors monitor daily shifts, volume, and closing levels amid fluctuating demand.
Market figures show mixed activity with gains and losses across bonds bonds and stocks while a small single engine plane crash near Knighstown Indiana claims three Columbus men, pilots Walter M. Newt Joe W. Dobbins and John Edward Dyer, en route from Springfield. The incident is under investigation with no immediate cause reported.
The Navy Bureau of Ships announced in Washington on Monday that repair work on the USS Quincy is being held in abeyance while a decision is made on the heavy cruiser’s future status. Rep. Cyraig Hosmer of Long Beach had inquired after the Independent Businessmen’s Association suggested the Quincy might be mothballed. The bureau said deactivation would not cause layoffs since other work would compensate for the loss.
Livestock market notes show hogs and cattle prices fluctuating with a generally active trade. Prices for top hogs and sows ranged around 20 to 39 dollars per hundredweight, while steer and heifer prices varied widely, with calves and sheep showing mixed demand across regions including Los Angeles and Chicago.
YORK-Taz Associates notes a price trend for staple commodities indicating wholesale movement today. Analysts point to shifts in supply channels and wholesale pricing affecting distributors and retailers.
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