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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Mar 23, 1956
Page
27
Trading on the New York Stock Exchange and American markets showed mixed results with oils providing some strength while rails and steels fluctuated. The session saw about 5.1 million shares change hands as investors adjusted to a retreated oil rally and broad sector moves.
The report portrays a fluctuating market with gains in some bond sectors and a general slide in long term bonds, while grain futures show mixed movements across wheat and corn. Trading volume remains light as investors weigh U S Treasury positions and over the counter activity, with utilities and high grade investments broadly softening.
General Motors outlines a Bay Area plant to cost about six million dollars with an annual capacity of 100000 Buick Oldsmobile and Pan J Trassenser cars and 3000 workers. The plant aims to be ready for 1928 models according to GM spokesman and President Harlow W Cartier. Southern California business activity remains high per Security-First National Bank monthly summary, noting five-month index near September peak.
Market notes show fluctuations in butter eggs and poultry with price ranges and delivery details. Foreign exchange rates from New York and Europe affected commodity pricing, including cash and futures quotes and multiple currencies.
A 2 a.m. bomb threat forced evacuation of Sunset House dormitory at 1816 Sunset Boulevard in Los Angeles. Police searched the building for nearly an hour after a man phoned in warning of a blast at 3 a.m. and found no device.
Fragmented OCR notes reference farm goods and prices but readable facts are sparse. Mentions Goston-Hizher commission and bovine, wheal, corn, hogs, and cash prices with uncertain figures. Unable to determine clear entities or events from the text.
The Republican National Committee chair recommends a shoe leather plan to GOP workers in Florida. A $50-a-plate dinner Thursday night supports strenuous efforts to return Eisenhower and a Republican Congress. Hall says the GOP will not be hurt in the South by the Supreme Court ruling on segregation and cites a political split in Democratic ranks.
London reports Soviet veterans who met American troops at the Elbe in 1945 will visit the United States, after an invitation confirmed by Moscow Radio. The Soviet Committee of the Elbe, an veterans group, will reciprocate a visit by their American counterparts last year.
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