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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Mar 03, 1953
Page
17
London stocks rose as the Times market page reported a broad uptick with the daily high moving up by about 0.8 percent led by gains in key blue chips and supportive cues from regional indexes.
The Financial Times reports London stocks at 22 48 with changes noted in the 1952 53 period. Averages for Hom and Cx show varying highs and lows as markets opened and closed.
New York stocks ended mixed with aircrafts leading gains early before broad buying faded. Volume hovered near Monday’s level at about 1,830,000 shares as utilities and several issues moved. Goodyear Sears and Caterpillar fell while Lockheed and Commonwealth Edison rose on modest gains.
The NYSE saw varied activity as stocks closed with mixed results across sectors. Investors monitored benchmark indices while major blue chips posted modest gains amid steady trading volumes and ongoing market uncertainty.
The grain market reveals mixed activity with beans and wheat leading price shifts. Wheat futures rose on export rates while corn and corn byproducts posted uneven gains. livestock and feed grains showed brisk trade with cattle and hogs reflecting broader demand.
The Los Angeles market page shows mixed commodity prices and stock listings from various companies such as Bandini Petroleum and Burnhert-Mer Coe, with grapefruit and orange quotes noted. Prices for securities and oils vary, with references to Pacific Co and others, alongside auction market results and citrus market commentary.
Fragmentary scan shows Treasury and budget figures, foreign exchange rates, and commodity prices with many garbled terms. Mentions New York markets, Cotton, futures, and live poultry pricing but specifics are unreadable. Key entities include Treasury, Washington, and Associated Press data.
Markets show mixed action with steady to firmer tones in corn and wheat futures. Notable price moves include corn futures steady at around 25 cents, oats easing slightly, and Castle-Standy dipping to about 50 cents.
New York dealers predicted a country wide increase in wholesale coffee prices after three roasters hiked prices to jobbers. General Foods Corp raised Maxwell House to 36 cents a pound, offering up to a 10 day window at the old price, with further two cent boosts from Albert Ehlers Inc and Holland House Coffee & Tea Corp.
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