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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 24, 1955
Page
21
The Friday close shows mixed Dow Jones data with major indices and highs and lows. Industrials at 448.93, rails at 162.20, utilities near 64.27, with notable bonds and other figures listed for the session.
The stock market fell quietly today yet aircrafts posted modest gains with some strength in Standard Oil NJ. Gains reached about 3 points while losses ran to around 2, other sectors lagged. The Associated Press average rose to a record high in late session as early declines faded and bond trading stayed quiet.
Market reports show cattle and cow values with prices ranging across several grades and weights. Chicago buyers and sellers are noted with varying prices from about 13.5 to 125 per hundredweight, while spring calves and yearlings fetch mixed bids. Los Angeles listings describe cattle sale activity, cleaner trade, and price observations, including terms like slaughter and feeder stock, with several weight categories and party-specific inquiries.
This readable fragment lists various currencies and places in a jumbled OCR render. It mentions Germany, Switzerland, Brazil, Mexico, China, Germany, Poland, Portugal, and references exchange rates, fees, and regions like New York, Europe, and Latin America in a chaotic mix.
Fragmentary OCR notes show hay price figures with inconsistencies and unclear units. The fragment mentions grain and bovine context but lacks complete data, making precise pricing hard to determine.
Treasury data fragment shows debt figures and withdrawals for a year, with totals and various coded figures. The text contains garbled OCR from a Washington report, mentioning debt, withdrawals, and sums like 67,670,739 and 279.04 with several unreadable codes and misplaced words.
Fragmented OCR text mentions market figures with prices like 21.50 and 35e, notes steady or higher moves. References Colton, Helligation, Cisanpointing, Gats-Sieaay and Hoge Steady. Content is garbled with missing names, dates and clear facts.
Labor's wage gains boost demand for new tools and plants as automakers seek efficiency to cut costs. GM and Torch unveil multi billion dollar expansion plans focusing on machine tools and presses, while Chrysler highlights ongoing modernizations. Small firms worry about funding rapid upgrades and competition from giants adopting automation.
A fragmented financial snippet shows figures like 2.90 and 4, with references to months, shares, and entities such as Gil Sings, Vycence Fs, and Sentinel Radio. The text mentions year comparisons 54.07 versus 82.70 and discusses losses for firms like SMa Gru Forge & Steel.
The market notes steady prices for oranges and grapefruits with minor shifts reported by growers. California orange production is about steady with first grade prices around 11.0% Mos and 5.40, while second grade offerings show slight variations, reflecting market stability for citrus items.
Trend of staple prices reported by The Associated Press shows a decline in the market index. The composite index fell to 173.08 from 173.80 the prior week, with volume noted at 72,380 shares. Details are terse and partially garbled, but the overall message indicates a drop in price levels and trading activity.
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