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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 20, 1954
Page
18
Daily index listings show Dow Jones averages at various figures with mixed moves. London stocks edged lower while overall market activity remains subdued. figures reflect shifts in major share prices and index levels across several sectors.
New York stocks posted a third straight down session with broad pressure though a late recovery trimmed losses to 1 to 3 points in many issues. Volume reached about 2,400,600 shares as Royal Dutch Petroleum debuted with 4000 shares at 59.14, with mixed prices across sectors.
In Chicago trading, soybeans surged early amid hot dry conditions across the Midwest while wheat and corn faced hedging pressure. Soybeans slipped back later as weather prompts faded, with nearby contracts showing tight gains then retreating. prices quoted across grains reflected regional weather impacts and crop expectations.
Readable text shows cattle and lamb prices, a long livestock market section with quotes for beef cattle, calves, and hogs. Mentions prices per cwt, ranges for different grades, and trading at various markets. Also references stocks, insurance listings, and market figures from financial sections.
Los Angeles stock pages list major movers including Petroleum Holy Develop, Go Hankline, Oil Hunt Foods, and Union Oil. Trading notes mention declines in gas and unrecorded prices with various indices, earnings, and commodity quotes across majors such as Richfield, Sinclair, and Shell.
A summary of international and domestic currency movements shows declines in several major exchanges. Sterling, Canadian dollar, and other currencies fluctuated while the U S dollar held steady against many peers with minor shifts in rates and futures quotes across markets in Britain Europe and the Americas.
Today’s business mirror notes a summer lull as heat waves slow activity across the nation. Factories close for vacations and inventories while customers stay away from stores. Businessmen remain confident yet cautious, hoping a cooler season will spark a recovery.
Santa Ana September 24 A judge who sentenced William F Rupp 20 to death for the August 8 1952 murder of Ruby Ann Payne 15 granted a noon delay today and announced Rupp will appeal to the U S Supreme Court to seek to escape the death penalty The Ninth District Court of Appeals in San Francisco authorized the stay pending the appeal.
Rear Adm. Frederick Norman Rivette will assume command of Task Force 72 of the Seventh Fleet, replacing Rear Adm. Truman J. Hedding. Rivette, previously Atlantic Fleet air chief, was to meet President Chiang Kai-shek tonight to discuss defense plans with the Nationalist Chinese.
William H. Durham aged 34, chief of Maywood police since January 1951, died after collapsing at a Masonic dinner. He suffered a cerebral vascular stroke at Georgie Street Receiving Hospital. Durham had 26 years service with the Los Angeles Police Department and earlier commanded the night shift at University division.
An Italian air force training flight over the Messina straits lost seven men Monday night. A Navy destroyer reported finding the bodies of four of the crew today.
Former Yugoslav monarch Ex King Feter, in exile, is hospitalized in Britain with measles. He arrived from France Saturday for a holiday with his son Prince Alexander, according to friends.
More than 150 antique cars will be displayed in Rockville Maryland next Saturday for the Antique Automobile Club of America meet. The event gathers classic models from various eras for enthusiasts to view.
Shirley Temple and husband Charles Black report their 2 year old son Charles Alden Black Jr. is improved and in satisfactory condition at Santa Monica Hospital after a Sunday admission for a fever. The child had a virus threat. The couple also have a 3 month old daughter and Miss Temple has a 6 year old daughter from her previous marriage to John Agar.
New York World Telegram and Sun reports Rep Franklin D Roosevelt Jr allied with private sponsors of two slum clearance projects under congressional inquiry. He says neither he nor his firm acted improperly. Investigations probe questionable practices, possible hearings ahead. Roosevelt notes no fees were taken for one project in Manhattan and would not share fees on the Washington Square Southeast project. He pledges to Republicans that he would reveal details if asked.
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