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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 13, 1951
Page
4
A fragmented bank of figures shows Dow Jones averages across sectors such as Utilities and Bonds, with highs and lows and minor shifts. The data includes indices around 20 industries and several stock movement values, though the OCR is garbled, giving partial numbers like 15 Utilities and 44.26.
U S and automobiles were unchanged in a late flurry of activity near close. Nickel Plate bucked the trend with a rise up to 1 3 1 2, while gains reached 82 a share on the upside. One rail stock rose to 205, with Pittsburgh Steel up 2 points to 2446 as steels mostly fell. Volume totaled about 1.2 million shares versus 3.16 million a week earlier.
New York January 13. The Associated Press wholesale commodity index rose for the 13th straight week to 209.19 from 208.12, vs 159.93 a year ago. Four groups reached new 1950 51 highs in industrials livestock textiles and nonferrous metals, while food grains and cotton fell slightly.
Prices fluctuated across cattle hogs and sheep with steady wholesale pork and higher top bids for prime cattle. Stronger demand from shippers helped steer cattle and hog prices, while sheep and lambs showed record highs in spots at major markets, including Chicago.
Fragmented OCR notes reference dividends and names Pow Sigette Bomar Clitelda Jar with unclear context and dates. Limited readable details hamper full interpretation.
Decca Records and Libbey Owens Ford Glass led the upside group with U S Rubber Goodrich Lockheed Air Reduction Southern Pacific and U S Gypsum following. Lower movers included U S Steel Bethlehem Steel Chrysler Goodyear Radio Corp Consolidated Natural Gas Allied Chemical General Electric Chesapeake & Ohio Loews Johns Manville. Curb market sees mixed prices with American Maracaibo American Republics Aspinools Detroit Steel Products and Raytheon down whereas Stinnes Electric Bond & Share Creole Petroleum Cities Service and General Plywood gained. Arrangements made for transfer of two Stock Exchange memberships, totaling five sales in two days. Top price reached $57 000, up $5 000 in a session.
G A Walker president of the Farmers and Merchants Bank of Long Beach told stockholders yesterday that employment and business should stay strong this year despite delays from civilian demand shifting to military offers. He noted last year was very successful, with added reserve strength and payment of quarter fly and year end dividends. He cited Dec 22 steps raising savings deposit interest rates to 2 percent effective Jan 1 this year.
Procter & Gamble Co announces a two cent hike in Crisco vegetable shortening. This marks the seventh price increase since February 1950, announced from Cincinnati on January 13.
Market notes from the state market service on butter prices in Los Angeles and broader trends. Wholesale and retail quotes show Grade A butter at specific per-pound ranges, with eggs and poultry prices listed by grade and weight, including moving dynamics for white and colored eggs.
Markets report on Glenc Jan CAP Saal Site payments for Proeisnine changes. Details unclear due to damaged text. Names and places partially legible.
The Associated Press notes a drop in the weighted price index for 35 staple commodities. The index falls to 134.84 with the week’s figure at 207.95, reflecting a general decline in wholesale prices.
Grain markets show heavy selling across the Midwest with sharp price drops in wheat and corn. Reports from Chicago and surrounding regions cite bearish news, moisture conditions, and fear of declining demand as traders reassess futures amid widespread price weakness.
Vessels arriving and departing list ships by name and port of origin with agents and lines. Includes Portland New Orleans Maine Line Blonee Line Ayiaudane and other lines with vessel names and voyage dates. Also notes vessels in port as of WA M today and upcoming arrivals with berths and destinations.
A fragmented market notice lists hay and grain prices including No. 7 baled hay at 25.50 per unit and related figures. The snippet also mentions river-related terms and miscellaneous numbers, reflecting a rural trade roundup in a historical newspaper page.
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