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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 30, 1956
Page
15
The market summary notes mixed activity as Dow Jones indexes close with gains in some sectors and declines in others. Industrials, utilities, and rail stocks show varying shifts while overall averages reflect a cautious session on Friday.
Trading on the American Stock Exchange shows modest late-hour gains with the list led by Bethlehem Steel and Amerada Petroleum on favorable news. Volume around 2.3 million shares, with utilities and industrials up while bonds drift and foreign exchange edges higher on light turnover.
A fragmented market update lists closing prices and notable trades on the New York Stock Exchange. The readable items mention specific stocks and volumes, reflecting day’s activity amid general volatility.
A volatile session showed mixed commodity prices with notes on cattle, grains, and oranges. Currency shifts influenced near term bids and futures, while trade data pointed to uneven demand as markets absorbed news from the U S and Europe.
The report notes irregular price moves in cotton and soybeans with New York futures showing gains and declines across several months. It also records the death of Drummond, 72, emeritus in speech and drama at Cornell University and founder of the Cornell Dramatic Club, who died Thursday.
A Christmas ad urges giving securities as gifts from growing American corporations. It notes dividend income and potential capital gains, offers help selecting investments, and explains minor registration rules recently eased by state legislation. It invites visits or calls to Paine Webber Jackson Curtis for complete information.
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