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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 04, 1953
Page
4
New York stock market traded quietly on the eve of the Fourth of July holiday. Prices moved narrowly as gains were modest and several issues showed only small changes across the board.
Trading surged to about 900000 shares with Graham Paige leading activity as a large block of 16600 common shares moved. the market eyed a 1,000,000 share milestone before the July Fourth holiday while many traders took time off. The American Stock Exchange rose modestly as U.S. government bonds gained and Italian liens remained firm in a quiet foreign section.
A dense market listing covers Livestock Market Treorgo and Angeles citrus. It notes prices, selling volumes, and shifts in veal, wheat, corn, oranges, and eggs, with attention to buyers, auction activity, and weekly summaries from market services. Strong entities include Treorgo, Los Angeles, California, and the Federal Market News Service.
Otis Elevator Co marks its 100th anniversary with a centennial report noting first-quarter sales surpassing 21 million dollars. The report highlights Otis and sons’ cumulative 200 million dollar sales by 1908 and credits rapid expansion since 1853.
The Bureau of Labor Statistics reports May 1953 employment in Pacific coastal industries rose by 52,000, reaching 4,976,000 across Washington Oregon and California. Max D. Kossoris notes the gain follows a seasonal pattern similar to 1952, marking a sharp May surge.
The Treasury plans to issue about 1 billion dollars of tax anticipation certificates at 2.34 percent interest, the highest rate in 20 years. The issue dates July 1, matures March 22, marking the first use of such certificates since 1934 to fund deficits. Large taxpayers like corporations would buy them for tax reserve investments and to pay taxes.
Lynwood Savings and Loan Association announced a 3 percent dividend for the six months ending June 30. President John F. Roberts said this marks the third consecutive 3 percent payout. The article notes 1952 savings and loan investment totals and the institution's growth since 1946, with over 8,000 account holders and about 3,400 loans made.
The text presents a garbled financial report with scattered numbers and a July date. Key entities and context are unreadable, yielding no clear events or accountable parties.
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In Yokohama a Guernsey cow named Cow-San, gifted from California, and her calf Mary bring joy to Nakazato Gakuen orphanage. Three Japanese vets aided the June birth, merchants donate food, and 96 children plus American sailors and 4-H members helped welcome the pair. The orphanage runs partly by a youth board, fostering pride among residents and local peers.
In a felony manslaughter trial, David Satterfield faces charges for a fatal collision at a moving train crossing. Witnesses testified that his car traveled about 75 miles per hour before striking a vehicle carrying Joseph M. Maltby and Belle Foster in March, killing both occupants in Brea, with authorities noting potential negligent conduct.
Local notices show permits for an addition at Lingrove Street and a 2360 unit air project cited as 6x80. Officials list contractors and deadlines while other entries reference unverified projects and financial figures, with several unclear names and dates.
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