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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 17, 1949
Page
26
An OCR readout details Chicago livestock market activity with cattle and steer prices, weights, and buyers. The report mentions medium and heavy cattle, various lots, bid and sale figures, and Friday market observations across multiple entities and buyers.
New York cotton futures showed quiet trading with New Orleans and commission houses active on the buying side. Analysts note signals of possible foreign demand and a cautious upturn, with nearby July slipping to higher close while August and September contracts rose modestly.
A chaotic market recap from New York outlines wholesale trends for grapefruit and oranges with mixed pricing via Exchange toporiad totals. It mentions several named traders and symbols, including prices around 0.97 and 25.00 for select items, and notes declines in broader staple price indices with daily movements across multiple markets.
A cluttered page shows Over the Counter securities with prices such as 26.80 and 29-00, plus mixed financial data including sales figures, shares today, and various stock listings. The note references multiple firms and brokers, with scattered figures for Freeport Sulp, West Pac, and Lawrence Carp, among others, capturing a broad market snapshot.
Dividend notices list payments in cents per share and forthcoming payment dates for numerous companies. Boeton, Interlake Iron, Textile firms, and others indicate adjustments to cash dividends with record dates in June and payment dates through July. Several entries reference percentage yields, stock classifications, and corporate names such as Continental, First Boston, Lucky Stores, and Phoenix Fire, with varied June to July schedules.
In a slow trading day utility stocks and major names drifted with little net change. Turnover remained light around 500000 shares, marking a subdued session after recent rallies as several issues trimmed losses and a few posted gains.
A numerical government finance brief shows monthly and yearly totals for net budget, customs receipts, and expenditures. It lists figures like 237,857,319.10 and 34,396,504,262,131,738,875,097 with various surpluses and deficits, noting changing acreage and economic operation terms.
New York June 1 Markets present a mixed picture as lenders show limited range and irregular activity. Cotton prices face declines while grain values weaken. oats steady but lower futures weigh on the market. Chicago investment operations show some firm activity but overall softness persists amid cash grain strength and currency moves.
Defense Secretary Johnson sent to Congress a report recommending against building a second bridge parallel to the Oakland Bay span. He reiterates the armed services preference for a southern crossing between Alameda and San Francisco, in response to a House committee request.
London news reports a Christie’s auction of Rembrandt studies from the estate of Oscar F. Oppenheimer. A pen water color and chalk sheet with seven male heads and a nursing woman sold for 16 800 dollars to Professor Thomas Botkin director of the Barber Institute of Fine Arts at Birmingham University.
New York June 17. Companies push to raise output per hour without triggering worker rebellion. Brown & Bigelow and Oranburg Manufacturing report gains through incentives and employee involvement. Wage hikes and investor pressure drive changes, with examples of productivity boosts and cash incentive plans amid market competition.
A dense snapshot outlines bond activity in New York with references to foreign bonds, currency impacts, and investor sentiment. It mentions rates around 14 percent, various issuers, and market flux through the day, noting foreign holdings and government issues.
In New York on June 1, about 50 people joined a Father’s Day protest at the federal courthouse in support of three Communist leaders jailed in a conspiracy trial. A boy and a girl bore placards urging freedom for the defendants, though participants noted the children were not related to the prisoners.
Shanghai reporters say the blockade was a bluff ending today while ship owners fear future feints. One merchant warned that Chinese nationalists may again attempt covert mines in the Yangtze channel. Most shippers resumed sailing into Shanghai at speed.
Police report a theft in Long Beach where at least one thief took a different item. Warren F. Robbins found his 1939 Ford station wagon missing the right rear door after parking near his home last night.
A hit and run driver damaged a 214 inch gas pipe on Atlantic Ave at 25th Se. The Lomita Gas Co and the National Drilling Co. were listed as property owners. The gas company pipe line owner and a fire department stand by while workmen made repairs.
A Belmont crash injured Doris M. Sele 42 of Inglewood and Brande s.ee Mrs. Fred H. Bixby of Lon 2amona Ave Beach was unhurt as two cars collided at The To eda and Glendora Ave yesterday afternoon. The incident coincided with a meeting in Los Angeles where four board of governors members whose four-year terms were expiring were recommended for reappointment. William H. Schuchardt of Beverly Hills was reelected president.
Light rotary portable oil rig available for lease or potential joint drilling. Interested parties may call Locat 6261 or Topex 2219 and ask for Sem or Ban to discuss terms and participation.
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