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This newspaper page contains 18 articles. Subscribers can read the full text of each article.
Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 08, 1953
Page
17
The Financial Times daily index of London stocks remained unchanged at 118.0 today. Shares on the London market showed no net movement, with traders awaiting clearer guidance amid global market caution.
Stock activity in New York shows mixed prices with modest gains earlier fading. Trading volume reached about 1,009,000 for the day as brokers weighed a Korea truce and possible grain export shifts, while bond markets fluctuated and wheat edged higher amid unsettled conditions.
Market prices showed mixed moves with a steady tone in selective trading. At the final hour Treasury hands were unchanged to small fractional gains, with foreign liens narrowly mixed and utilities offsetting gains and losses. Industrials leaned downward as trading remained sluggish and minor fraction changes appeared. Some observers predicted a Korean truce could lift the market by removing one major uncertain factor, while tax-hearing outcomes in Washington offered no clear answer.
A dense OCR page shows commodity and stock market notes, cattle and grain prices, and financial listings. It mentions equities and bonds, futures, and currency quotes, with scattered mentions of companies like Raytheon and General Motors, and references to exchanges in New York and London. The fragmentary text suggests a broad market roundup with sector tallies and trade figures rather than a single clear event.
An OCR darkened list shows cotton market figures and bond quotes with scattered numbers. It notes increased profit margins and mentions futures trading, wallets, and changes in prices, with references to highs and lows and a March date.
Fragmentary list of items including butter eggs poultry milk and other goods. Mentions wholesale and retail contexts with scattered product names and pricing hints.
A fragmented market bulletin mentions barrier stocks and exchange activity with figures like 34.000 and 35.00 amid mixed trading. Names and locations are unclear, but the item notes price shifts and parallel parley moves in state markets.
The California Strawberry Council reports frozen strawberry production is about 3,000,000 pounds behind last year with an estimated 1958 crop down 22 to 15 percent due to heavy spring frost and rain. Executive secretary Malcolm B D Douglas notes losses from frost.
The Citrus Market News Service reports steady grapefruit and lemons prices with Valencia and Sunkist varieties showing higher auction results. Prices range across multiple crates and lots from around 1.00 to 7.00 per unit, with typical per crate figures and assorted vintage lot numbers noted.
Markets at a Glance notes irregular trading and slow stock movements. Wheat shows strength with active trade. Corn remains strong while oats and soy follow. Prices drift with cattle steady to lower and hogs easing. Overall, commodities reflect cautious investor sentiment amid fluctuating demand.
Leaders from the United States and Mexico meet in Tijuana for the first annual border cities conference. The session focuses on tourism as a major industry, with participants from San Diego San Ysidro Centro Brawley Holtville Chula Vista National City Calexico and Yuma. Despite no formal pact, attendees hope ideas influence cross border policies.
A fragmentary note reports staple price trends with references to a bracketed index and an average of 100. The readable text mentions prices, a decline, and a date near February 22, with figures like 60 and 175.53, implying a market summary context. The garbled OCR leaves uncertain entities but indicates a brief pricing update.
Ford Motor Co Long Beach plant resumed operations after a two week idling caused by a parts strike in Ohio. About 400 workers stayed on the job while weathered workers remained idle, and management said the plant is back to full production.
Police reported a bloody pair of blue slacks found along a dirt road in Princess Anne County near the assault site. The trousers are the only tangible clue as investigators seek the weapon and the van involved in the attack that killed Navy chief Dean L. Kirkdarfer and attacked his date.
The former mayor of St. Louis, Joseph M. Darst, died today at St Mary Hospital after a long illness. He suffered arterial hardening and had pneumonia attacks during the past year. a heart ailment weakened him. He served as mayor from 1949 until April 7, restoring Democratic control after eight years.
Air Force airman Giuseppe Cascio was convicted of conspiracy to pass secrets on the Salve jet fight er in Korea. He received 30 years hard labor and a dishonorable discharge after a three hour board verdict.
Sundheim, 40, of 328 James Ave, reported to police that a thief approached from behind and snatched her purse while she waited for a bus near 2400 block of H Mourth St. The purse was valued at $12.
A potluck dinner will be held at 12 30 p m Sunday by the New Jersey California Organization at West Hollywood Park 674 N Robertson Blvd West Hollywood All formex New Jersey residents are invited to attend.
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