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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 18, 1950
Page
4
The report shows daily figures for Dow Jones averages with highs and lows across sectors. Industrials led near 231.92 while rails and utilities showed weaker performance, with bonds and other categories fluctuating in narrow ranges.
New York stocks rose modestly as lead issues advanced a few cents to around a dollar but failed to break the year high amid fading buying power. Auto stocks dragged, railroads showed improvement, and overall turnover neared 1.1 million shares on a Saturday session. Major gains occurred in Santa Fe, Southern Pacific, U S Steel, Republic Steel, U S Rubber, Douglas Aircraft, Zenith Radio, Armour, American Telephone, American Smelting, Dow Chemical, American Woolen, Richfield Oil, and Lehigh Portland Cement.
The Associated Press wholesale commodity index rose for the fifth week to 195.60, the highest since February 5, 1948, up from 194.01 last week and 160.36 a year ago. Grains and cotton led gains, with food, livestock, and textiles higher. industrial and nonferrous metals declined.
Washington officials report the wholesale price index rose to a record high for the week ending Tuesday. The index, based on an average of 100, shows a 0.6 percent one week gain and is 3.7 percent above the June 20 pre Korea level, with an earlier 0.5 percent rise from the prior August.
The notice lists several firms declaring dividends with respective per share amounts, stock dividends, and cash dates. Firms include Traimodiie Co and others, detailing record dates such as Dec 3 and Dec 26, payable dates in December, and stock dividends around 25 percent. The document also references multiple companies with varied payouts and November to December timing, typical of year end distributions.
Procter & Gamble announced another wholesale price increase for Crisco vegetable shortening. The two cent rise per pound is the fifth hike of the year and the second this month.
Chicago markets report mixed slaughter and feeder prices with hogs steady to lower, sows weaker, and cattle and sheep showing selective gains and losses. High weight cattle trend down while light weights hold firmer, with buyers cautious amid holiday timing and varied demand across major outfits.
New York today shows cotton prices sliding with futures easing after earlier gains as market activity fades. Traders note cautious demand and heavy selling pressure across key fiber grades, while financial indices and commodity notes drift with mixed signals from textile sectors.
Grain markets in Chicago show mixed futures with contracts moving narrow gains amid uneven demand. Declines and price shifts appear on cash and futures boards as traders weigh supply signals and market momentum.
Fragmentary notes reference bond sale terms and figures, mentioning bonds, rates, and a bond sale context with partial terms and dates. Names and places are unreadable, leaving only scattered references to bonds and sales.
George Green president of Long Beach Retailers Associated spoke before a merchandising class in Long Beach City College yesterday. His talk focused on the history of the hardware business. Markets at a Glance items list stock quotes and market updates across exchanges with numerous firms and commodities noted.
Active ships report arrivals and departures with details on berths, vessel names, origins, and destinations. Names include Norfolke Patou Line, Titania, Yokohama, and Barter Line. The list notes berths, tentative ETAs, and destinations such as Guaymas, Norfolk, and Hong Kong, reflecting a busy harbor schedule.
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