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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 17, 1950
Page
19
The Financial Times daily London stocks index slipped 0.2 percent to 1038 as trading opened. Industrials hovered around 201.98 with mixed results across sectors while rail and utilities saw modest moves. Bond activity showed a slight gain amid cautious sentiment.
New York stock market extended gains with steel and automobile shares driving a broad advance. Total volume around 1.9 million shares as a small uptick spurred rallies in rails, radio, liquor, and copper groups. Leaders included General Motors, Chrysler, Stude baker, U S Steel, Bethlehem, and various others across multiple industries.
Chicago and Los Angeles cattle and hog markets show weak to steady price ranges with 17,000 head in Chicago and about 29,000 in Los Angeles. Hogs sell around 15 to 39 dollars per hundredweight. steers and cows vary, calves and feeder stock steady to higher. Rail bonds rise after recent declines amid broader market recovery and coal strike uncertainty.
New York bond market and stock activity show varied results with corporate bonds and government securities under mixed pressure. Wheat prices steady, futures inch up, while Treasury data and expenditures reveal evolving fiscal figures amid market fluctuations.
Prices for butter eggs and poultry listed with grades and units in a 1859 market notice. Includes Grade AA Grade A and B measures, wholesale and retailer pricing, and notes on minimums and freight hauling.
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