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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 19, 1954
Page
17
The daily market roundup shows the Dow Jones averages with mixed results across industrials rails utilities and various stocks while London shares fall in the Financial Times index at 158.1, down 18.0 points. The report lists several price points including highs lows and intraday changes for multiple sectors and individual issues.
New York trading showed a highly selective and somewhat lower market with strong demand for aircrafts into the late afternoon. Price changes generally hovered around two points, with some issues moving more. About 2.2 million shares traded as business Aircrafta led early and held steady amid occasional retreats by individual issues. Railroads fluctuated during the session.
Livestock prices varied with top cattle and hogs showing declines or steady trends. Cattle and calves sold unevenly from 14 to 24 dollars, with commercial cows around 9.50 to 12.00 and bulls near 13.50 to 14.25. hog salable totals reached about 10,000 with 280 heads for choice and 2,000 for butchers. Broad market notes include relations to futures and a general mix of commodities and bonds with mixed to higher activity in oils and metals.
Iran firmly rejects Soviet protests over joining U S sponsored military pacts. In a blunt note Tehran asserts Moscow has no say in Iran’s security and independence and will take necessary measures to safeguard its defense and sovereignty. The report notes broader market and financial context alongside international coverage.
A damaged OCR fragment hints at puzzle content with scattered names, numbers, dates, and codes. The readable bits mention events, ages, a birthday, and various unclear references, suggesting a historical newspaper item focused on a game or listing rather than a clear narrative.
Large patchwork of stock listings and market notes from Los Angeles with companies like Rohm and Haas and various brokers and banks referenced. The report details price quotes, bid and ask levels, and trading activity across multiple sectors including oils, chemicals, transportation, insurance, and utilities, plus discussions of market conditions and investor sentiment.
Scientists at Standard Oil Development Co. unveil an elaborate electronic control system to keep convention speakers on time. A secretary-operated setup uses timed clocks and lights to enforce brevity, dimming or ending talks to cut up to 20 percent of a speaker’s allotted time. The gadgetry aims to keep sessions efficient amid hundreds of petroleum scientists sharing research on hydrodesulfurization and related topics.
Estelle Auguste a 43 year old Palm Beach widow married Dr. Warner Teufel a 34 year old Swiss gentist in a brief ceremony in her apartment at West Palm Beach. They plan to sail for Switzerland Friday after leaving for New York Tuesday.
Concert program lists a Municipal Band event on Tuesday afternoon at 3:00 with performances including overture and selections by various conductors. The readable text names performers and locations, noting a city venue and local officials.
Pan American World Airways announced an order for 15 long range Douglas DC7TC aircraft at 33 million dollars. Each plane has a 40 foot longer wingspan, 13,000 total horsepower, 5,000 mile non stop range, cruise speed 365 mph, and capacity up to 58 passengers plus baggage cargo and mail. Delivery starts early 1956, with no production at the Jhong Beach plant.
The American Telephone and Telegraph Co announced a plan to build an underwater telephone cable system linking all 48 states with Alaska. The 806 nautical mile link runs from Port Angeles, Washington to Ketchikan, Alaska, with completion expected by 1956. Current Alaska connections rely on 13 radio and landline circuits deemed inadequate for growing traffic.
Riverside dispatch reports an Air Force B25 bomber with seven crewmen escaped injury after an engine fire forced a crash landing. The craft, taking off from Lockheed Air Terminal at Burbank, aimed for Keesler AFB near Biloxi, Mississippi, but mountainous terrain diverted the flight and the pilot Col. Robert Tuckett steered to an open field 20 miles east of the base where the fire was controlled.
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