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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Mar 16, 1956
Page
19
The daily market update shows the Dow Jones averages with mixed results as industrials and utilities toggle between gains and losses. Traders monitor rails, utilities, and telecoms while noting notable price movements and closing sectors.
The market closed mixed with copper, oils, and several specialties posting gains around 1 to 2 points while most issues held within a narrow range. Anaconda's pricing policy shift bolstered U S copper stocks and Pittsburgh Consolidation Coal rose over a point as expectations grew that coal could be shipped by pipeline to tackle rising railroad rates.
Traders scanned a busy session with American and New York exchanges active while many issues showed mixed closes. Industry groups held a broad mix of gains and losses as investors weighed bonds, commodities, and global market cues amid a fluctuating price environment.
A fragmented OCR listing shows varied market items and prices across many firms and products. It mentions Citrus Market, Ang Suaay Refining, Colgate Samolien, Paramount Pictures, Babson Products, Brunswick, and other entities with inconsistent figures, suggesting a noisy page of market data and stock-style references.
Market notes show mixed grain movements with wheat and corn prices rising and easing in parts. Urea and feed ingredients shift as traders track futures on active contracts while cash markets reflect regional demand and storage costs.
New York report from Associated Press notes price trends and market data including March 11 1985 values across several modules. It records previous day figures and lists prices such as 209 3a 375 25 and 469 011 499 US dollars, alongside average envelopes and stage limits.
Fragmented OCR text shows a foreign exchange snapshot with scattered currency values and mentions New York open trading. It references several currencies and places such as France, Holland, Germany, and Hong Kong, but the specifics are garbled, yielding no coherent rates or conclusions.
The Agriculture Department forecasts a 3,000,000,000 bushel corn crop based on March 1 planting data and average yields, with spring wheat at 183,000,000 bushels. The outlook shows corn about 384 million bushels below last year's level, while spring wheat trails last year and the 10-year average.
Markets report a tepid cotton outlook with government stocks eyed for imports and exports. Prices drift as July and October futures show modest movements amid broader commodity sentiment, while related grains and energy trade signal unchanged near-term expectations.
In Columbus Georgia two young GI’s face March 23 sentencing after pleading guilty to rape charges involving a 16 year old transient girl. Pfc Robert Payne 21 of Griffin Georgia and Cpl William Johnson 19 of Sparta Wisconsin admitted guilt in U S District Court. Pvt Pelton Fay Stoelke 19 Fayetteville Texas already completed in the same case. The victims were picked up in Columbus en route from Buffalo Texas to Bainbridge Georgia.
In Henryetta Oklahoma a 46 year old man Lavern Badge stopped to yield right of way. Seconds later his car was struck, propelled 189 feet, and burst into flames. Another motorist, Hodge, pulled him from the burning vehicle, an act described as heroic and lifesaving.
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