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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
May 24, 1954
Page
17
The 1954 Dow Jones averages show the industrials around 826.08 and rails near 219.02 amid a utilites reading of 52.22. The London and Times indexes are noted with closing figures and market activity appears mixed across sectors.
New York market showed a mixed price pattern with gains and losses offsetting each other amid a broad turnover of about 2.2 million shares. Livestock quotes in Chicago and other markets fluctuated with cattle and hogs trading unevenly and prices drifting lower in parts of the complex.
Trading began strong with Tata large blocks and rising prices but soon slowed as gains faded. High priced oils rose 12 to 6 points while aircrafts and steels led gains. Railroads, chemicals and utilities were uneven. Motors fell back. U S bonds advanced narrowly, Greek and German issues mixed. New York Central saw heavy trading near proxy fight date.
Financial brief covering today’s closing figures from the New York Stock Exchange and American Stock Exchange. Includes summary of notable movements, overall market direction, and notable gains or losses among leading issues.
The bulletin details foreign exchange shifts in New York, London, and European markets, with currency prices, futures, and rates. It reports closing prices for stocks, bonds, and commodities, including butter, poultry, and grain, alongside fashioning a broad snapshot of the day’s market activity and bond quotes.
Fragmented stock and earnings data from Los Angeles market pages show figures for Arthaty Brant Alwaye Water Service and bail bonds figures. The readable items include share prices, percentages, and a county or municipal note, with several unreadable fragments.
Two Marines drove the lead car and the following vehicle that struck and then ran over Anthony M. Steinhauser, 23, as he walked near Highway 101 by Red Will Road after leaving the Toro Marine Corps Air Station. The first driver was Bernard B. Corley, 21, and the following motorist and captain Francis Thomas Carter, 27, assisted at the scene. Medical staff reported Steinhauser’s injuries were not severe.
A Treasury report fragment presents compound figures and dates including May 1, 2058, with totals like 3 539, TRI.AS1.592.39/4 and withdrawals and fiscal year 4 304, highlighting statutory limitations and unspecified deposits in a partially legible accounting entry.
Readable fragments show New York cotton futures trading with mentions of July delivery and Liverpool prices. A broker reportedly sold 5,000 bales of Bay futures. prices note shifts of fractions of a cent, with references to late prices and nearby market activity amid uncertain supply signals.
Market note records a siloed hay price listing with U S No 2 specifications and a numeric value 23.5085, reflecting a terse commodity quote. The fragmentary text mentions units and quality codes, indicating a pricing snippet for hay within a regional trade page.
A fragmented report shows fluctuating staple prices in New York with mixed figures for wholesale rice and other commodities. The data includes various indices and weekly changes, indicating a market with mixed signals and incomplete details.
Sacramento reports show school districts repaying more on state loans for new buildings. Controller Kirkwood notes 1954-55 fiscal year activity with $5,301,536 remaining unpaid across 321 districts. average repayment around $40,000 per district, boosted by 1949 bond funds and a 1952 bond issue.
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