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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 04, 1950
Page
4
New York the market eased with little selling pressure as buyers kept away. Losses reached about 14 points with turnover near 500000 shares. Chrysler showed slight life after a 2 dividend and earnings news but overall majors fell while corporate bonds declined.
Chrysler Corp reports nine month earnings of 105,246,991 dollars and names K. Keller as board chairman. Keller, previously in charge of the guided missiles program, is succeeded as president by Lester L. Colbert, a former Texas cotton buyer and bomber engine builder. The changes recreate the board chairmanship after Walter P. Chrysler's death.
Washington reports wholesale prices rose 0.3 percent in the week ended Oct 31. The wholesale index stood at 169.4 percent of the 1926 average, below the Aug 17 1948 high of 470.2 and 11.8 percent above the 1939 week, yet 0.4 percent below four weeks earlier. All commodities excluding farm products and food rose 0.5 percent to a postwar high 86 percent above the Korea-era level of June 20.
In Denver on November 4 housewives bought coffee at 11 to 21 cents below wholesale levels from a month earlier. The retail price slipped to 65 to 75 cents per pound, as grocers had paid about 86 cents previously. Roasters followed with cuts after a backlog of coffee when wartime demand waned, easing consumer costs.
Federal State Market News notes prices and trading for butter eggs and poultry in Los Angeles on November 4. Dealers including A Lee and A Med report shifts in various category prices such as braces, fr yets, hens, and turkeys across weight classes. The document records many price ranges and quantities in a brisk market snapshot with references to shipments and mailing details.
New York data show the Associated Press wholesale commodity index rising to 190.45 this week from 190.25, with the base year 1926 equal to 100. The food and livestock components fell while nonferrous metals hit a new high for the year as 35 commodities are listed with weekly, yearly, and current figures.
Parker Pen Co has secured exclusive rights to manufacture and distribute Flaminaire, a wickless lighter burning vaporized butane. The move marks the company's first expansion beyond writing instruments in its 61-year history, with production in the United States and immediate distribution planned. Invented by Marcel Quercia and Georges Ferdinand, Flaminaire has sold in France for five years and recently reached the United States.
A scan of nine month earnings reports lists numerous companies including Continental Diamond Fibre Co, American Locomotive Co, Abbott Laboratories and San Diego Gas & Electric Co. with per share results ranging from modest gains to double digit increases, while others report declines or mixed results. The compilation notes shares and per share figures, sometimes with year over year comparisons, across industries from energy and manufacturing to chemicals and utilities.
Grain markets in Chicago show a cautious uptick as forecasts point to firmer demand. Corn rose to around 1 50 while wheat and oats traded with modest gains, led by bargain buyers and feeding demand from Indiana and nearby origins.
Markets at a Glance report mixed activity with cotton at a high trade level and local traders eyeing weekend profit. Wall Street notes varying prices as receipts and costs constrain gains while Chicago shows steady tones amid nominal movement.
Fragmented OCR text notes staple price movements with figures like 190.50 and 1841.29, mentioning daily, monthly, and yearly references. Several numbers and terms appear without clear context or subjects, making specific entities hard to identify. The passage reads like a price bulletin with garbled data.
The Chicago livestock market today showed hogs holding steady within 165 to 910.00 per head range and lambs trading in a sluggish, discounting pattern. Cattle prices moved higher for slaughter steers and yearlings while hogs and sheep faced varied demand and broad price shifts across weights and grades.
New York and Nevada cotton trading stayed firm as buyers covered ahead of official crop reports. Prices rose with futures and spot quotes showing gains, while market players awaited government projections to gauge the belt’s broader demand and output expectations.
Ships listed as active in port include Andrea Jf Tekkenbach Bell Nov. 7 and Abraham Vincoint with Nov. 17 date. Other vessels named are Ang. conn ivy Jane Tr Charieeion and Jacob 1.0 exenbien among several more. The notice identifies berths and routes for vessels arriving from Newport News Portland and Mobile with several names and flags noted.
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