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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
May 18, 1954
Page
17
Financial page notes mixed market movement with Dow Jones Industrials around 32,414 to 32,644, gains in utilities and rails, and bond activity in London markets. It cites the Financial Times index and daily London stock figures with scattered figures and abbreviations.
Steel stocks drove a moderate market rise on the New York market today though leaders fell from their peaks. Late-day gains pushed totals to about 3.2 million shares traded, versus 2,040,008 on Monday as progress appeared broad with railroads and chemicals also showing strength.
A detailed market update from Los Angeles includes prices and trends for cattle vealers and hogs, noting general strength in prime grades and lighter weights, with weekly quotations across multiple classes. It cites buyers, sellers, and exchange activity, plus stock market movements and bond market shifts affecting commodity prices.
A dense, OCR scraped finance page notes a new vice president appointment at Far East Line. It references stock listings, market figures, and various entities like Alaska Juneau, National Assselet, and Oceanic Oil. The passage is fragmentary but indicates corporate leadership changes amid trading details.
Lawrace G. Dunn has been appointed to the newly created post of vice president in charge of the southwest territory for Pacific Far East Line. He previously served as VP in charge of Far East territories and will headquarters in Los Angeles. The new area covers operations at Berth 5, Pier A, in Long Beach.
Market notes indicate minor changes in citrus pricing with no overall rate shifts for grapefruit lemons and oranges across California and Arizona. Trade sources such as Sunkist Growers and various packing houses report steady offerings and cautious demand amid seasonal adjustments.
Three PTA groups Naples Sutter and MacArthur Schools urge the Long Beach Unified School District to approve a bond issue to provide adequate full-day schooling for all children. They warn overcrowding at secondary schools already exists and say the bond is the only way to avert the crisis.
Sixty five sailors and seven officers from the Los Alamitos Naval Reserve Training Center embarked on a Catalina Island training cruise aboard the USS Goss over the weekend. Commander H N Warren led the group as battalion commander while the crew learned ship handling and operation during the two day voyage.
Fragmentary OCR text notes cotton market activity with unclear figures and stray letters. The passage appears garbled, lacking coherent names, dates, or entities to anchor a full summary.
Fragmentary OCR text shows a note on staple prices with unclear dates and misread words. No coherent event or names are recoverable from the readable fragments.
The annual bazaar at St. Cornelius Catholic Parish Wardlaw and Bellflower begins Saturday at 10 a.m. A children's costume parade with prizes kicks off, followed by a noon appearance by Captain det of television. Maureen O'Hara attends Sunday. The event offers booths games dancing and a roast beef dinner. Public invited.
Boston doctors at Massachusetts General Hospital prescribe a two week set of exercises for radio TV star Arthur Godfrey to strengthen specific muscles and possibly avoid another hip operation. Godfrey says there is a mechanical problem with his hip and he may need hospital treatment again after his 20 year old auto accident injuries.
The passage notes discomfort from slow pace and irritations like night awakenings and frequent trips, urging attention to kidneys. It hints at a product called Down and mentions heat and health benefits without clear evidence or medical guidance.
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