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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Mar 03, 1951
Page
4
In New York on March 3 trading was quiet with prices moving narrowly. Total volume for a two hour session was about 600000 shares, the lightest Saturday in four months. Several issues showed small gains, with Graham-Paige moving to 105 and then trading on the upswing.
Los Angeles March 3 grand jury indicted Harold Cowan and Ralph Whitjhore partners in a Hollywood advertising agency on 17 counts each of using the mails to defraud. Prosecutors said they misrepresented ornaments advertised on radio, shipping about $100000 worth of merchandise. Bonds recommended at $2300 each. Cowan and Whitmori, in Chicago, will return to court.
Dollar volume of transactions on the Los Angeles Stock Exchange in February totaled 20 295 557, up 38 percent from February last year, announced by Vice President Thomas P. Phelan. Activity rose over February 1950 but declined 31 percent from the prior month.
New York March 3 The Associated Press wholesale commodity index fell for the third week in a row dropping to 214.12 from 214.12 last week. Three of six groups posted declines led by food grains and cotton with nonferrous metals also down. Industrial and livestock components rose slightly while textiles stayed the same.
Chicago market news notes hogs steady to dull with prices sinking to week lows near late January. Sheep and lambs show uneven demand while buyers skim off high values. Cattle largely steady with mixed steer and heifer movement. bulk lower to steady depending on weight and grade.
A garbled transcription shows references to New York Stock Exchange transactions and a partial note about market activity. Mentions a few figures and terms like bonds and curb trades, but the text is incomplete and lacks clear events or names.
Grain markets moved cautiously as U.S. trading offered little international news and few decisive orders. Corn and wheat mostly steadied with soybeans under mild pressure, while July futures showed divergence from nearby contracts amid modest selling and weekend covering. Directors of Byron Jackson announce a 40 percent stock dividend pending stockholder approval at the April 24 meeting.
Fragmented OCR of bond market data shows figures for numerous firms and indices, including earnings, year comparisons, and per share values. It references Denver & Rio Grande Western Railroad, Pennsylvania Railroad, Columbia Pictures, and other companies with quarterly and yearly results, ending with miscellaneous figures and stock names.
Fragmented OCR shows sections on dividends, securities, and investments across many firms and regions. It includes references to New England, Newark, Puget Sound, Texas, Kentucky, and California names, with scattered figures, prices, and fund notes. The text is garbled but centers on market data and corporate listings.
Vessels arriving and departing detailed with operators, ports, and dates. Entries show ships from San Francisco to Yokohama and Manila, plus lines such as Bear San Francisco Pac Far East, Republican, Houston and others. Port calls include Vancouver, Honolulu, and New Orleans Traders with due arrivals and indeterminate flags.
The Associated Press notes the wholesale price index rose to 212.83 today, up from 212.80 yesterday. It compares with 214.07 a week ago and 214.68 a month earlier, with other figures around 140.08 and 1900-3 patterns, indicating mixed movements in the underlying series.
In Naples on March 9 Charles (Lucky) Luciano, a New York underworld figure, told reporters he would name a secret U S underworld government and urged the Senate crime probing committee to present precise charges and seek his extradition for trial. He has lived in Italy since deportation from America.
A fragmented OCR note lists hay prices and grain hay codes with varied prices. Entries include No 2 Spaty hay and To. 1 Gats. 1G 15, with figures such as 26.50 and 28.00, but the text is partial and unclear about date or venue.
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