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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 16, 1956
Page
17
Turbulent trading left the Dow Jones Industrial Average with mixed results as sectors moved. Industrials showed gains while some components slipped, closing near the day’s varied highs and lows with notable price shifts across several blue chips.
In New York trading Oils kept shares firmer with a slim upside led by small gains in Union Pacific Eastman Kodak and Gulf while several issues trimmed earlier advances. Royal Dutch Standard Oil and Reynolds Metals posted modest rises. Du Pont slipped after earnings. Boeing and Douglas steadied as United stayed positive. Volume about 2.2 million shares.
Chicago hogs and cattle traded unevenly as butchers bought 18 to 22 dollars per 100 pounds for hogs and steers ranged from 16.50 to 23.30 per hundredweight. Sows sold higher with firm demand. lambs and sheep showed steady to firm prices while calves and yearlings moved slowly. Across Los Angeles and New York trading floors, cattle prices held with pockets of strength in late sessions and bonds and stock activity mixed in a broad market round.
Prices on the New York Stock Exchange closed with mixed gains and losses as traders digested market data for the day. Key industrials and financials showed varied momentum amid shifting volumes and sector rotation.
Today's session shows mixed activity across sectors with notable moves in energy and financials. Major firms such as Atlas, Amre, and others appear in price listings alongside banking and industrial stocks, reflecting broad market sentiment for the day.
Market notes show late afternoon cotton price movement with multiple figures. References to October and December futures, highs lows and changes appear, but the readable content is fragmented and uncertain about specifics.
The report from Federal State Market News Service notes unchanged citrus prices with lemons and grapefruits steady, oranges at 203 and 150, and grapefruits at 2g big. It records varied wholesale price indices and notes overall price movement in New York and California markets with mixed shifts for staple commodities.
Building Contractors Association of California to meet at Brower's Restaurant in the Harbor Area. Jay Neveau will report on a three year wage agreement. Pharmacists gain a four dollar weekly raise and forty cent hourly increase plus fringe benefits including pensions and extra holidays. Ned Sommerville leads the chapter with a reopenable wage clause.
A July market update reports wholesale prices for dairy and poultry in Los Angeles with notes on bulk butter, small lots, and 4005 tagged items. It covers live poultry shipments, dealer receipts, and price trends across grains, meats, and power sectors, including national summaries from major exchanges.
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