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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
May 31, 1955
Page
17
Dow Jones averages show mixed results with industrials near the 420s and rails around 137.84, while overall prices reflect cautious trading. Market data include highs and lows for the period with notable volatility amid broad stock activity and notable shifts in assorted sectors.
New York UPI reports a broad market decline with aviation shares sagging 1 to 4 percent. Elsewhere, prices eased about 2 points and rose up to 2 points, with moderate activity around two million shares traded in late trading.
Livestock receipts reached a record for the day with strong hog and steer demand. Hog offerings sold mostly steady with prices around 190 to 183. Buckets and sows moved at 15.50 to 17.00, while prime steers topped the day. Aircraft industry news included Boeing layoff plans and congressional scrutiny of earnings.
The New York Stock Exchange reports closing prices for today across major sectors. Trading activity concludes with updated figures for key indices and leading shares, reflecting market movements and investor sentiment.
A chaotic collage of stock quotes and prices from major exchanges shows mixed activity across sectors. Traders react to early gains, with some commodities and industrials edging higher while others pull back amid uncertain demand and shifting interest rates.
Stock quotes and commodity notes from Los Angeles and New York report varied grain prices and futures. Prices for several lots show declines with details on July contracts and monthly settlements, alongside general market commentary from AP on liquidation and grain activity.
United States bond data show uneven sessions with yields fluctuating and certain securities trading higher while others ease. Market observers note cautious tone as investors weigh inflation risk and prospective policy moves amid broad activity across corporate and government issues.
A break in at 621 Olive Ave. involved a thief entering the auto transport warehouse and forcing the Thompson Engineering Co. office with a tire iron. Drafting instruments, cash, a camera and binoculars valued at 332 were taken, while 400 cars remained untouched. Police note no cars were stolen. multiple nearby addresses appear in the incident log.
Lienstad Companies presents a concise overview of investment strategies and services aimed at increasing profitability. The piece highlights portfolio management approaches, risk assessment, and potential returns for individual and institutional investors.
A garbled OCR style note lists May 39, 1950 as a spending date with withdrawals totaling large sums. It cites a total debt figure around QT1.86 and a gold asset line of 1.31 with 21.971,85, alongside several garbled identifiers such as SSNS and SARANE.
NAS Los Alamitos receives its fourth Navy industrial safety award for 1954. Capt. Jd. B. Paschal USN, commanding officer, accepted at Glenview Illinois during the Naval Air Reserve Training Command conference. Rear Adm. D W Gallery presented the award on behalf of the Secretary of the Navy and a commendatory letter accompanied it. The winner is based on safety records across all Navy Marine and civilian personnel at the station.
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