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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 16, 1954
Page
18
The Daily Financial Times notes the Dow Jones Averages with mixed moves amid market data from BF Horton and Co. Friday 1954 shows highs and lows across indices and a London Stock Average reading of 159.9, down 6.49 points.
Market summary shows aircrafts leading unclear gains while oils drop sharply amid refinery cutbacks. Trading remains active with about 3.6 million shares. overall pace strong in early session but mixed results across sectors. Government financing whispers emerge as a possible tax anticipation note strategy.
A broad market recap outlines securities activity with earnings data, agricultural and energy prices, and currency moves. Traders watched shares in General Mills, Boeing, and Ford alongside cotton, wheat, and oil futures with mixed gains and losses across sectors.
The document lists quarterly dividends and a treasury report with totals for debt and fiscal 1983 figures. It shows a total debt of 270,585,056,505.42 and other large monetary amounts, referencing statutory guidance and official government accounting.
Fragmentary OCR shows a listing of butter eggs poultry with prices and weights. Mentions selling points and note about exchange with other items. Contains scattered numbers and product names but few clear details or dates.
In Los Angeles the Federal State Market News Service reports citrus prices for oranges lemons and grapefruit. Representative figures show varied prices with notes on markets and growers, reflecting unsettled quotations and multiple grade labels across the region.
Robert Black, a Virginia teen from Dundering, town, raises seven purebred and two crossbred goats to pay for college. He is a full member of the American Milk Goat Record Association.
Treasury expects higher revenue this year as revised tax rules favor corporate depreciation and dividend income. The plan would roll back the corporate tax rate to 52 percent for another year while expanding deductions on property costs. Industry argues reform boosts investment, job creation, and business health. opponents call it a tax giveaway.
A mid month old baby girl climbed onto a sofa at 1244 E. 4th St and opened an unhooked window, falling to a concrete wall. Sharon Smith, daughter of Mr. and Mrs. Floyd Smith, was taken to Seaside Hospital where X rays showed fractures on both sides of her skull.
Five delegates and five alternates to the Southern California Chapter Knights of Columbus were elected Wednesday night by Long Beach Council S87. Grand Knight Henry Kuen announced eight committee chairmen including Roy Miles and William Clifton. Delegates named Norbert Johnson Jack Staddish Huenn Fritz and Clifton. alternates Frank Gurei Frank Kukula Miles Doty and uli.
Carl Vaux, 39, of Philipsburg Pennsylvania, chased a runaway car that slid off an embankment into Lake George. He and his 20 month old son David perished in the attempt. Warren County coroner Dr. Hilton Diev ruled accidental death.
The New York Cotton Exchange reports domestic consumption for five weeks ending July 1 at 765000 bales with total season to date near 3,022,000 bales. Market activity shows late afternoon prices 30 cents per bale lower to 15 cents higher versus prior close as traders await incentives and weather developments.
The 5000 ton ambulatory crane, formerly German and brought in 1948, carries a 70 ton flat barge to Long Beach Marine Shipyard for Navy repairs. Standing 376 feet high with three 800 horsepower diesel engines it draws curiosity during one of its rare inner harbor appearances.
Washington reports June industrial output remained unchanged from May at 12 percent of the 1947-49 average. The Federal Reserve Board notes the June rate was slightly above March and April and about 9 percent below June.
The Theater at 80 Terraino Ave stages The Children's Hour with star and co director E Pat Brown as Martha Doble and Svelyn Finer as Karen Wright. Other cast members include Eva as the child and Margaret Beaman as Mrs. Lily Mortar. The group plans additional showings tonight and this weekend with proceeds to support a campaign.
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