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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 09, 1956
Page
19
New York market extended gains in a lively session as leading issues held and advanced at times. Pivotal stocks rose fractionally while rails drifted slightly, with the day closing at notable levels on the New York Stock Exchange.
Prices for stocks and bonds in New York climbed as trading stayed brisk. The day showed gains in U S Steel and Bethlehem Steel, with motor group strength in Chrysler and Ford. Montgomery Ward and Sears Roebuck posted new sales records for June and the first five months, while bonds eased slightly in the over the counter market and earnings notes hinted at inflation concerns tied to the steel strike.
A broad market snapshot shows unchanged citrus prices with steady grain quotes in New York. Reports cite Mexico and Arizona origins, with California oranges and lemons noted as broadly steady in size-based listings. foreign exchange also moves modestly, and bond and stock activity follows U.S. market trends.
The Paramount Park annual pet show kicks off Friday at 2 pm with more than twenty classes. Ribbons and awards will be given to winners as event organizers announce top entries under the guidance of Miss Kilhotree Hartt, recreation director.
Fragmented report notes a pet parade titled Skunks and Snails at Cotton Market on Yonis Street. It references agricultural surveys, cotton cultivation potential, July notices in New York, and price futures with mixed bids and market shifts.
Cincinnati Ohio report states General Electric won two Air Force contracts totaling 107540220. Announcement by Gen J W Rawlings of the Air Materiel Command at Wright Patterson AFB. One contract for 102413320 for JTS engines powering the Lockheed F104A, world's fastest fighter. Second contract 83-125000 for facilities tied to an advanced engine development program.
Reading through the fragmented notes, cattle and steer prices show wide swings with steers quoted around 18 to 27 dollars per hundredweight and cows mixed mid teens. Hogs and lambs move at lower to moderate levels while bulls and feeder stock vary by size and grade across the Chicago area markets.
Treasury figures show balances and debts across fiscal years with values in the billions and trillions. The report notes statutory debt limits and a trend in staple prices, with wholesale price indices for meats, grains, and other commodities.
An open verdict was recorded in the death of Federal Judge Rubey M. Hulen, with the coroner announcing no further inquest or investigation. The 61-year-old jurist was found fatally shot in his back yard after a recent conspiracy trial at the district court. The coroner could not determine whether the death was accidental or self-inflicted.
A San Diego case reports a dispute over religion ending in the fatal shooting of 28 year old Lawrence McKerihan by his father Russell B. McKerrihan after an argument while drinking. The son, a gas company employee, died from a bullet that passed through the temple. a revolver was recovered near Judge Bulen. A psychiatrist had treated the judge for insomnia and nervous condition. Motions for a new trial in related cases are set for July 1.
About 15 000 delegates attend the Elks Grand Lodge convention in Chicago marking the first contested exalted ruler election in 29 years. Candidates are Fred L. Bohn of Zanesville and Cyril A. Kremser of Cleveland with 1 760 pledges represented nationwide.
Pvt. Bernard R. Woodward 20 of Indianapolis shot himself with a 45 caliber service pistol during guard duty at Camp Pendleton shortly after midnight Sunday. A note said he had trouble at home. He enlisted in Indianapolis. Parents Mr and Mrs Paul Woodward Sr live there. He belonged to the First Tank Battalion.
July Reader's Digest presents a woman's tribute to the qualities in men that have shaped her character. The feature emphasizes heart, beauty, effort, risk, and guidance from men, highlighting how these lessons improve a woman’s outlook and life.
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