London Stocks Slide Amid Mixed Trading
London financial desks report the London Stock Exchange glock index at 128.2, down from Friday. Industrial and rail stocks show varied movement as traders weigh bonds and overall market tone.
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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 24, 1953
Page
17
London financial desks report the London Stock Exchange glock index at 128.2, down from Friday. Industrial and rail stocks show varied movement as traders weigh bonds and overall market tone.
New York prices showed a mixed session with some gains in steels aircrafts distillers coppers railroads utilities chemicals motion pictures and electronics. Notable moves included RKO Theaters Packard Sky Lockheed Century Fox and Curtiss-Wright with varying share changes while the American Stock Exchange saw quiet trading and the bond market remained broadly mixed with narrow moves.
The article lists jittery stock activity and commodity chatter across exchanges, touching cattle and livestock futures, grain prices, and wholesale quotes. It notes traders watching meat market signals, with references to specific prices, exchanges, and notable names amid overall volatility.
The edition compiles over the counter securities closing prices and market notes from Associated Press style summaries. It lists numerous tickers, companies, and market movements with scattered references to futures, indexes, and foreign exchange, reflecting a dense snapshot of daily financial activity and price levels across equities and commodities.
Market notes show wavering prices across grains with wheat and corn fluctuating as regesples affect cash grain. Soybeans and rye display varied bids while stocks reference multiple oil and chemical firms.
Cotton futures in New York opened irregularly in slow dealings with December notices scarce on delivery day. Reports of velvet fill remand for spot cotton and heavy selling pressure pushed prices lower late session, with December contracts unsettled and late afternoon quotes about 30 cents beneath earlier highs.
Ayaltns UU and 1 report hay price details with figures around 29.00 per unit. The brief notes reference bale sizes and transportation context for buyers and sellers.
Dozens of thousands of benzedrine capsules and drug paraphernalia were seized in a raid on the apartment of a Los Angeles bus driver and his wife. Police say about three thousand capsules may have been present, with potential street value around $150,000. David and Ellen Armatt, both 28, were booked on narcotics violations. Mrs Armtrong admitted buying most capsules for $ from an unidentified soldier.
Chicago markets show light trading with selling pressure in grains and steady to lower prices in other sectors. Commodities edge down while price shifts reflect cautious sentiment amid sparse volume. data mentions corn and listed futures with mixed signals and steady to weaker tones overall.
The Board of Directors at a meeting on November 17 1983 declared a regular quarterly dividend of 75 cents per share for the fourth quarter of 1953 and a special dividend of 30 cents per share, payable December 15 1953 to stockholders of record at the close of business November 30 1953. Cleva H Bonnar secretary.
Lockheed Aircraft Corp directors declared a 50 cent quarterly dividend and an extra 23 cent per share dividend plus a 5 percent stock dividend. Payable dates are December 15 for the cash dividend and January 12 for the extra dividend, with stock certificates issued for 1 share per 20 outstanding on December 4 payable February 8.
Judge Bayard Rhone commits Arthur K. Lin to Metropolitan State Hospital Norwalk after finding him a sexual psychopath following his guilty plea on August 11 to an improper act in the presence of a child. Lin resides at 2448 EF Fourth St. The indefinite commitment reflects a serious abuse case involving a 3 year old girl.
Joseph M. Kennick superintendent of the Long Beach Juvenile Bureau will address Long Beach City College students December 2. The Forum student discussion group sponsors the meeting in Room 502 Art Building at 11 a.m. on the Lakewood campus.
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