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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
May 25, 1954
Page
21
The Financial Times notes Tuesday's close for Dow Jones Averages with mixed changes across industrials rails utilities and bonds. It also reports London's daily stock index at 1502, up 0.7, reflecting market activity across major listings including U S and British firms.
The New York market fell under selling pressure with prices near the day’s lows in late afternoon trading. Losses ran about one to three points in several issues while only a few gains appeared in select cases.
Prices for hogs, cattle, and sheep moved higher in Chicago and Los Angeles markets as buyers showed strong demand. Reports indicate hogs near or above 1.00 per pound with many lots selling up to 28.26. cattle and veal also priced sharply with mix of grades and regional variations. Overall activity remained brisk, though some classes softened as trading wound down, with total market value estimated around 2,100,000 shares for related listings and bond activity by Consolidated Natural Gas Co noted.
Exchange closes with mixed moves as traders report final prices across major sectors. Key listings show varied gains and declines amid cautious sentiment and ongoing market volatility.
Two youths about 27 tried to rob Thomas L. Park, a gas station attendant at 1050 E Pacific Coast Hwy, early today. Park warned them to leave or call police. The gun misfired when the robber claimed it was loaded, and the would-be robbers fled after being proven harmless.
Salt Lake brokers faced a heavy day as about 5 million shares of uranium stocks changed hands in over the counter trading. Salt Lake Stack Exchange issues also rallied with notable gains. Cromer Brokerage Co led with around a million-share volume, while Coombs & Co moved about 750,000 shares and several other firms reported similar activity.
Trend shows wholesale price index for 35 commodities at 174.71, with month and year figures referenced and various entries for price levels. Building permits figures appear with contractor names and project values, including additions and renovations. The fragmentary text lists specific names, addresses, and dollar amounts connected to construction projects and commodity prices.
City Council approved a permit for Bay Shore Congregational Church to convert city owned land at The Toledo and Livingston Dr into a temporary parking lot. The site sits on the former PE right of way abandoned in 1938 and will support Livingston Dr widening. The church must surface and improve the parking area.
Fragmented OCR reading outlines treasury asset totals and debits with figures like 63,900, 9,90578 and 43.000,908,454. It references gold assets and a large debt not related to a primary state sale, with dates May 20 4064 and June 10 1953 appearing as garbled entries.
Mrs WU Margaret Utinsky, famed Philippine underground figure from World War II, will speak at Memorial Day services at the Jewish Community Center, 2026 Pacific Ave. The Long Beach Bnai Brith Dodge and Chapter and the Mutan Sahi Post sponsor the meeting with joint support from Jewish War Veterans and Auxiliary.
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