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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 16, 1947
Page
14
Quoted NYSE prices listed for many firms with fractional and percent changes. Entries include Pfizer, Parke Davis, Penn RR, Penn Salt and others showing varying gains and losses at noon Eastern, reflecting mixed market activity across sectors.
The page reports intraday curb quotations with numerous listed companies across sectors from Abbott Labs to Procter & Gamble and Union Carbide. It notes closing figures, percentage changes, and volume moments, reflecting a broad snapshot of market sentiment and activity in midday trading.
Market summary notes Dow Jones gains led by industrials while rails and utilities lagged. The day saw a modest advance with the index touching a high near 186.85 and a low around 163.31 as investors weighed sector signals and year-to-date shifts.
A list of bid and ask prices from the National Association of Securities Dealers shows various securities including Amer Fruit Grow, Arden Farms, Coca Cola BotLA, Disney Walt, Pac Mutual, Packard Bell, Textron pfd, and other company stocks and preferreds with quoted percentages. The data appear in fragmented entries with many OCR irregularities across industries from food to utilities and media.
Arnold F. Kiv a 26 year old former Army sergeant was sentenced to 18 months in federal prison for stealing and concealing government photographs from the atom bomb plant at Los Alamos New Mexico after pleading guilty the sentencing was handed down in New York on October 16.
The House agriculture committee, after three days in New England and Pennsylvania, plans a hearing in Rocky Mount New Mexico tomorrow. The committee will travel by chartered bus the first extensive use of this travel mode to inspect cotton and tobacco areas as part of the long range farm policy study.
Walter Winchell, treasurer of the Davon Runyon Memorial Fund, presented a $100,000 check to the California Institute for Cancer Research. The funds will support cancer research at the new medical school of the University of California at Los Angeles.
Rep. Auch incloss of New Jersey urged President Truman to bring General MacArthur home to advise on U S policy for the Orient. He warned America risks neglecting the Russian threat in China and the East while focused on Europe. MacArthur is praised as an Orient authority with experience in Japan.
Lt General Ira Eaker told the Los Angeles Junior Chamber of Commerce that Russia could threaten the US in a decade. He urged keeping the air force strong and building enough atomic bombs to deter an attack, funding advanced research, and promoting patriotism.
Chicago market reports hogs mostly 5 to 50 cents lower with early top at 29.75 while cattle steady to 25 cents lower and sheep higher. Good and choice hogs 28.00 to 29.50, sows 27.00 to 29.00, fed steers up to 35.50, heifers up to 30.75, grassies 20.00 to 24.00, beef cows 18.00 to 20.00, bulls to 19.00, lambs 21.00 to 21.25. Receipts include 11,500 hogs and 5,000 cattle plus calves and sheep.
Senate expenditures committee opens further FPHA bookkeeping probe. Sen. O Connor says no clean bill of health until the General Accounting Office and Price Waterhouse complete irregularities review. Dillon Myer testifies there was no fraud basis in FPHA records.
Dr L O Grondahl, director of research for Union Switch and Signal, told a Franklin Institute meeting in Philadelphia that the U S air forces had a ready for invasion guiding mechanism for a bomb, an advance so secret it was still guarded. The device was said to be perfected at the institute.
The United Nations announced that a Security Council meeting scheduled for 3 p m was postponed to the same time tomorrow. The session was to continue debate on the Dutch Indonesian conflict.
Wheat No 2 mixed 3.09. Corn No 2 yellow 2.52 to 2.54. No 3 2.51 to 2.54. Oats No 1 heavy white 1.28. Field seed timothy 4.65 to 4.90. Red top 14.50 to 15.50. Barley alting 1.85 to 2.40. Seed 1.70 to 1.85. Rye No 1 plump 2.95. Soybeans No 1 yellow 3.22 to 3.24.
New York reports show early cotton futures firm but later influenced by New Orleans and Commission House selling. C. C. C. bought 100,000 to 115,000 bales for Japan, lifting prices more than a dollar from the base. Spot sales across 10 markets reach 97,146 bales. futures close 30 to 75 cents higher.
Mrs. Audrey V. Hudson 27 wins divorce from James 28 a carpenter. She takes a four room apartment lease in lieu of alimony and will receive furnishings. attorney Irving Eisenmann notes she prioritizes housing over money.
Phillips Petroleum Co of Bartlesville led a 20 cent per barrel rise in crude oil prices with other major firms in the mid south following. The increase would lift postings to the highest since 1926 if broadly accepted, even as national crude output hits a record. Oklahoma refiners declined to comment on gasoline effects.
A congressional inquiry into Southern California prices warns that feeding a low income family is the nation’s largest economic issue. Key figures note food costs absorb about 60 percent of a poor family’s pay, furniture costs are rising, and a California waste estimate cites 12 million dollars in annual food waste due to state kitchen laws.
The Treasury report compares October 14 figures with the prior year, detailing receipts of 179,608,112.57 and expenditures of 123,991,864.92, yielding a 4,654,967,047.10 balance. Gold assets stand at 20,091,099,332.93 with prior-day balance at 4,876,307.75 and monthly receipts around 19,043,696.2.
Grain hay prices show barley at 28.00 to 29.00 dollars and oats at 31.50 to 32.50 dollars. Alfalfa notes list No 1 and leafy grades ranging from 26.00 to 32.00 dollars per unit with multiple quality levels and prices observed.
An Associated Press regional survey warns a winter power squeeze ahead with sections of the nation already curtailing new industrial power, stretching facilities, and planning load shedding. California faces a pronounced industrial crisis with residential use steady, while the Pacific Northwest risks brownouts unless rainfall and fuel oil supply hold.
Mrs. Louise Forsell Kaage 25 a writer says she and Lt. Thorsten Akrell 34 who abducted her from a sanitarium and flew to Norway will return to Sweden and she will testify as a defense witness if he faces trial. Stockholm police seek provisional arrest of Akrell for alleged assault on a public official.
The first Davis automobile, a three wheeled coupe with removable hard top and 108 inch wheel base, rolled off the line in Van Nuys. Gary Davis, head of the firm, said the three wheeler would sell for 995 dollars fob Los Angeles and higher east of the Rockies.
Los Angeles October 16 1947 Butter jobbing prices show Grade A cartons at 75 to 71 2 cents and Grade B near 71 2. retail and wholesale quotes follow. Poultry prices include various weights and colors with roasters fryers and ducks listed. domestic rabbits and leghorn and Austrowhite fowl prices shown for multiple weight ranges.
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