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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
May 28, 1954
Page
19
Pi-Prices drift in a quiet New York market with a steady tone. Gains hovered near four points while losses were moderate amid merger rumors. Total volume around 2.8 million shares, below the year’s daily average. A few low-priced auto shares rose early amid merger chatter. Steels showed activity later in the session.
American Stock Exchange activity noted alongside NYSE transactions in a concise market wrap. The brief summarizes trading movements, noting notable volume and price shifts across key listed equities.
Market reports show steers and heifers trading with noted prices up to 25.60 per cwt as top bids. Several lots of choice feedlot cattle and maturing cattle sold around 25 dollars, with standard types and young stock fetching varied bids. Prices for calves, bulls, and feeder stock appear in the lower to mid tens, with some odd lots reaching higher figures in limited loads.
Noon trading showed steady prices with modest moves as Union Pacific led gains in railroads. The American Stock Exchange was mixed and quiet with cautious activity in the bond market. Corporate changes were minor across the board.
The page provides a dense snapshot of financial markets with closing prices, changes, and index readings. It mentions London stocks index at 1511 down 0.6, U S market notes, and a long list of stocks, bonds, and commodities across sectors such as Industrials, Rail, Gas, and Utilities. It includes references to Associated Press style data, crude figures for bonds, and various corporate names, alongside currency exchange notes and commodity prices.
Fragmentary grain and oil market notes show prices and listings from Southern Pacific Co and Consumers Power. Unclear source dates and several garbled entities cloud the exact transactions and destinations.
Trading in cotton futures edged higher only slightly as professional traders covered positions ahead of a long weekend. Market activity lingered with switching from July to later months and limited buying amid a dull textile scene. Futures closed modestly up from the prior session amid uneven demand signals and mixed export notes.
Thailand urged U N Security Council members to arrange an on the spot survey of the Indochina war. Thanet Khoman, Thai foreign minister, arrived in New York to press the plan and met Dag Hammarskjold and other council delegates. He proposed a five nation subcommittee from India Pakistan New Zealand Uruguay and Sweden to conduct the survey. He hoped France would not oppose taking Indochina to the council and said Thailand had not decided how to respond to a possible Soviet veto.
A brief item notes a trend in staple prices with reference to the Ampsiated Press. It mentions a price level around 141 and implied shifts in cost, signaling attention for readers tracking everyday goods and household budgets.
The Labor Department reported fewer labor strikes in April than March, with 450 strikes involving 200,000 workers and 1,200,000 man-days of idleness. March had 375 strikes affecting 150,000 workers and 1,300,000 man-days idle.
Corpus Christi Texas youth group Youth for McCarthy formed four months ago to back Senator McCarthy against communism will disband. Club president Warren Wimbish says the teenagers are disillusioned and dissatisfied with the senator's conduct, accusing him of turning the anti Communist movement into a racket to further his own ambitions.
United States markets will be closed Monday May 21 in observance of Memorial Day. Canadian and European markets will operate as usual.
Sheriff Herb Person investigated an auto accident report and found two Omaha youths wanted on breaking and entering charges in one car. The other vehicle carried two Barrington, Illinois, girls who admitted they had left home without notifying their parents.
Market summary notes volatile tone with misread terms. Mentions wheat export, hogs, and prices as high as 2490 with a 23.05 figure. Includes references to bonds and fluctuating commodities without clear context or readable entities.
Fragmentary OCR text lists iHay price, leafy item, and several monetary figures including 27.41 36.00 27.90. Mentions a nominal Garley and a non iac00. No clear event, date, or identifiable entities beyond generic price data.
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