Dow Jones Averages Highlight Holiday Trading
Market figures show Dow Jones averages amid a holiday week with limited activity. Analysts note cautious investor sentiment and mixed trading as Christmas approaches.
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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 28, 1949
Page
24
Market figures show Dow Jones averages amid a holiday week with limited activity. Analysts note cautious investor sentiment and mixed trading as Christmas approaches.
The Chicago board shows soybeans and lard leading gains with prices firming on higher crude oil and fats futures. Wheat and corn slip slightly as rains in Canada and the Northwest aid prospects, while cotton markets eye mid July parity and farm policy signals.
A wide ranging financial update shows earnings figures, treasury receipts, and budget data for the period ending June. The piece notes a slight drop in consumer buying, a mix of corporate earnings, and foreign exchange and stock market movements alongside notable entities and indices.
A dense OCR fragment shows scattered references to over the counter securities, New York curb listings, and a tangle of company names such as Raytheon Babcock & Wilcox Atlas Corp and Colonial. The text reads like a partial stock page with numerous tickers, prices, and industry names but lacks coherent narrative or fixed events.
Investment trust listings show various funds with price data and yields. The document reads like a broker's page with numbers, names, and abbreviations, including fund identifiers, prices, and percentages.
The Commerce Department reports consumer income and purchasing held up in the second quarter of 1949 while businesses pulled back on purchases. June prices fell to sustain retail demand, inventories slowed from late 1948 highs, and a mixed profit picture emerged across industries including oils, rail, textiles, and utilities as many shift toward a potential first-half profit.
New York July 28. A downturn in the stock market was checked as a broad mix of issues sold at fractional losses found support. Trading remained slack with turnover about 800000 shares. General Motors earnings failed to lift prices. Bethlehem Steel held firm ahead of after hours report. Several large names weakened while bond gains were modest. Curb market losses and selective gains appeared with mixed rail issues and notable Dow components. The London market weakness influenced sentiment but did not reverse the overall pace.
A garbled late 19th or early 20th century market item outlines citrus prices and grower notes in Los Angeles with scattered figures such as 1.25 and 4. 4100p appears, but fragments obscure the full context and entities.
Markets at a Glance reports mixed US stock performance with slight gains and declines. Canadian investors see modest changes while European markets show muted activity. Top gains include shares rising up to 2.75, with some notable steadiness in key sectors.
Spokane July 28 Kaiser Permanente Metals Corp buys two large aluminum production plants near Spokane from the government for about 36 million dollars. Senator Harry P. Cain said in a telephone interview that part of the price will be paid in aluminum from government stockpiles.
New York reports a weekly decline in construction awards totaling 131 19 000 for the week ended. The Engineering News Record notes a 17 percent drop from the prior week while the first 30 weeks total 4 579 411 000, exceeding last year’s pace. Week contracts sit 2 percent below the four week moving average yet 15 percent above a year ago.
Prices of pork trend downward after a two week rise at retail. Lamb also eases in many markets while top grade beef gains modestly. Produce shows wide variation with tomatoes, corn, lettuce and celery varying by region. Wholesale pork prices fall about four cents per pound from last weekend as supplies remain seasonally small but adequate for demand.
New York July 28. Swiss buying of U S securities has marginally risen amid foreign purchases in a small share of total turnover on the exchange. Italians and Middle East holders are cited as ultimate buyers alongside Swiss traders known for timing moves. Five Wall Street houses are reported to have placed 100000 to 130000 shares for Swiss accounts, with gold shares leading the activity.
Fragmentary stock quote list from Los Angeles sources includes garbled company names and lines resembling financial entries. The readable portions mention entities such as Pac Finance, Consolidated Engineering, Consolidated Liquidating, and Farweorts Developmant with unclear context and misrendered text.
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