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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 15, 1953
Page
19
The Financial Times reports the London Stocks Average was 117.0 today, unchanged from prior levels. Market data show Dow and Jones indices with mixed figures and notable tickers such as BAI and 143.98 in reported values, reflecting a quiet trading day across major markets.
Stocks moved in fractional changes as trading stayed quiet with little leadership. Long term U S government bonds rose slightly while corporate bonds and oil shares showed mixed, scattered gains and declines. Utilities and industrials held stable with only minor moves as traders awaited broader signals.
In Chicago, futures and cash bids show mixed movement across wheat corn and soybeans with declines in some contracts. Cattle and hog prices edge lower while sheep and lambs adjust, and traders anticipate harvest progress and storage needs for the new crop. Illinois and national figures reflect thin gains and broad volatility amid market demand shifts.
A historical listing shows poultry grading terms and prices with categories like UPSATED meats, capons, roasters, hens, and rabbits. It includes grade labels such as AK and 3 and references markets in Wisconsin with wholesale broker terms and weight notes.
Markets at a Glance shows stocks easing on quiet trading as bonds and cotton drift lower. Wheat prices fall sharply amid storage concerns while staple prices trend higher. wholesale index dips to 174.58 with mixed monthly, yearly comparisons. Alfalfa values and related feed prices noted with small shifts in futures and cash markets.
Mire A W of San Antonio praises a topical ointment for rapid ease from severe pain. The testimonial claims the product reduces misery, relieves nerve tension, and mentions a purported medical form and tube for administration.
The Automotive News survey finds dealers holding fewer new cars month to month while used car inventories climb to postwar highs. Dealers expect profit margins to thin in the second half of 1958 amid tighter trade in aging cars and reluctance to concede early factory discounts.
Phillips Petroleum Company today increased posted price by 25 cents per barrel on all crude grades in Texas Oklahoma Kansas New Mexico and Colorado where purchase prices are posted by the company. The move affects five states with posted prices by Phillips.
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