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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 07, 1950
Page
4
Erratic market action pushed Dow Jones averages lower with mixed readings and scattered price moves. Investors watched bonds and rails as uncertainty persisted, while small cap activity showed uneven gains amid thin volume.
NX YORK Oct 7 The stock market moved higher today with radio television concerns leading gains. The rise pushed the electronics group near 329, while profit taking trimmed excess gains before the close. Motorola Philes Emerson Admiral Zenith Boeing Montgomery Ward U S Rubber Chrysler and other names advanced. the curb market also rose for several oil and chemical issues. Bond prices were narrowly mixed in a quiet session.
London reports a Chinese Communist radio statement claiming Red troops entered northern Tibet as part of a provincial advance. Indian and Tibetan officials denied any Sudden development and there was no confirmation of the seizure of Kham.
New York October 7 The Associated Press reports the wholesale commodity index at 199.34 down from 190.14 last week and 157.94 a year ago with most groups lower except nonferrous metals and cotton. Grain markets show mixed signals as Midwest weather briefly boosts prices while overall trend remains down.
The notice records dividends declared and stock split details with amounts and dates. It notes a 75 cent dividend and a stock split at 5 to 1, referencing Ne previo and related dates. The document lists dates in December and references Reo and Nar figures, with acknowledgments by Fr.nes.
The report lists varied prices for butter eggs poultry and livestock with mentions of wholesale and market trends. It notes dairy and meat products, trading names, and stock quotes, highlighting shifts in values and observed demand across market sectors.
Departing and arriving vessels are listed with names such as Esso Camden, Calleo, and Coaster One Dros. The fragmentary notice shows ships and cargo movements indicating a busy port schedule with multiple vessels expected to dock or depart.
The Agriculture Department set the 194? corn support price at 1.47 dollars per bushel at farm level while average market receipts in mid September stood around 1.44 dollars. Last year’s support averaged 1.40 dollars.
Paul Davis, 23, son of Mr and Mrs Ed RL Davis of 186 Barclay Sr, is a senior studying petroleum engineering at the New Mexico School of Mines in Socorro N M. A 1945 Army inductee, he served with occupation forces in Austria and later attended Long Beach City College before enrolling at the mines.
Earnings figures appear garbled with stray letters and incomplete numbers. The fragment mentions a yearly figure near nine dollars and forty five cents and a sixty four cent amount, but lacks coherent context or identifiable entities.
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