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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 23, 1954
Page
19
The Financial Times daily index of London stocks rose to 159.5, up 1.0, with gains across industrials rails utilities and stoc ks led by Dow Jones influenced movers.
Mixed closing on the New York Stock Exchange after an initial strong showing. Traders watch various sectors as prices show uneven gains and declines across key equities.
The article notes rising mergers amid competition, with auto makers forming alliances and banks planning consolidations. It cites textile sector realignments, broader industry activity including paper machinery and gas, and warns about antitrust scrutiny and potential price and supply effects on rivals.
New York and Chicago trading ends mixed as steel stocks rise on merger rumors while overall volume eases. Investors weigh profits and bond shifts as rail and utility shares hold steadier levels in a session marked by narrow changes and cautious activity.
The article notes mergers in banking and textile sectors driven by economy of scale, branch expansion, diversification, and management needs. It cites 700 bank absorptions in eight years with 2,006 new offices, plus asset value exceeding earnings. It discusses how mergers may close plants yet improve asset base and brand reach.
Fragmented OCR listing poultry items with prices, suppliers, and delivery notes. Reads like a wholesale poultry market page with items such as eggs cheese and live poultry, including various prices and route references.
Market brief notes uneven trading with modest gains in some grains and metals. Prices show slight firmness in corn and soy while oil and gold trade near steady levels. no clear directional trend emerges.
In Columbus Indiana a 23 year old man, Robert A Kendall, died after a car overturned in a crash on Thursday night. Kendall became trapped in the vehicle and a small puddle of liquid car wax drained into his mouth and nose, suffocating him while he lay unconscious.
Senators push the Defense and Justice Departments for explanations regarding why Thomas W. Lavenia was denied security clearance. McCarthy's aide faced scrutiny as subcommittee chair, with calls for closed door testimony and questions about handling secret documents in 1952. Flanders threatens a Senate bill of particulars aimed at censure, promising a selective briefing rather than full disclosure.
Beverly Hills singer Ethel Merman is confined to a hotel suite with appendicitis. She is receiving treatment to avoid surgery while on location for a film. Merman expects to resume her role next Monday.
Cleveland osteopath Dr. Samuel H Sheppard denied having sexual relations with Miss Susan Hayes the Downey California lab technician key witness in the coroner inquiry into his wife Marilyn Sheppards July 4 Bay Village home death He testified he and Hayes were house guests in Los Angeles last March and that he bought her a watch to replace one lost at a wedding in San Diego He broke down recalling finding his wife’s bloodied body and said he did things at night without memory.
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