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Long Beach Press Telegram in Long Beach, California

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Newspaper

Long Beach Press Telegram

Location

Long Beach, California, United States of America

Date

Nov 06, 1949

Page

17

Week of Steady Markets Amid Strike Hopes

The week showed stable business with rising stock prices and strong retail, while steel and coal output lagged due to strikes. National City Bank forecast solid fall and winter prospects as production recovers. Auto output fell sharply with Chrysler and Ford pausing for inventories. rail freight volumes remained weak. profits rose 43 percent from the prior year quarter. Soft coal output increased as independents responded to demand from households and businesses.

Associated Press Steelworks Union Bethlehem Steel Co Chrysler Ford Eea Isa SE

Stock Market Week Trend Analysis and Outlook

A market analysis notes Dow Jones industrials rose to near 1948 highs after a mixed start to the week. It compares 1942-43 gains with current momentum, discusses potential minor setbacks, tax selling doubts, and the impact of strikes. It also explains short selling strategy and the bullish role of the short interest ratio around 1.5.

Pacific North Africa Mussolini

Hibberd Well Flows 810 Barrels. Oil Field News

Oil fields report Hibberd Well flowing 810 barrels daily and several others like Richfield and Orangethorpe showing progress. Wildcat work continues at Comance Point and Russell Ranch districts while California and Canada drilling activity rises, with Shell and other operators reporting new productions and ongoing spudding at multiple sites.

Orangethorpe Oil Co Pear Corona Richfield Hibberd Pee Ree Wichfield Comance Point Lee Ault and Associates Levey Russell Ranch Gould and Associates Cuyama General Petroleum Russell Rotary Calder Sturdevant Canada California Canadia American Associa Fields Jocophysical Alberta Rocky Mountain District Saskatchewan Acven Shell Oil Pro Hartman Ranch Cenduction L. B. D. Wellstara Ave. Smith No Onemy Harbor Willisame Mington Athens Shell

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