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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 19, 1954
Page
17
New York stocks moved higher led by airlines and rail shares. By late afternoon, aircraft and railroad sectors posted gains of more than three points in places, lifting the Dow Jones averages as investors priced in optimism for transportation groups.
Chicago market recelpta fell short of expectations with livestock prices higher. Cattle and hogs showed strength in top grades while mid to lower sorts lagged. cows and bulls varied as traders faced limited demand. In Los Angeles, slow trade left most categories steady to higher, with feeders and vealers offering market support.
Market activity on the New York Stock Exchange concludes with the day’s closing figures for key stocks and indices. Trading on the American Stock Exchange is also summarized with closing prices and notable price movements.
The market rose on rails and aircraft stocks with United near session highs and Pan American and Americon heavily traded. Rails led gains while oils and chemicals showed mixed moves as overall volume hovered around two million shares on the American Stock Exchange.
London share index rose to 176.8 amid ongoing market activity. The report lists closing prices and notable moves across utilities, bonds, and major securities with reference to American and British firms, including Lehman, Koy, and Pendergast, reflecting a volatile market climate.
The page shows price movements for staples with figures illustrating daily declines from 210.20 to 215. Rizk ae re as 215. Powes 108.80 375.53 182.34. Notes include month and week comparisons, highlighting a 5% decline and various totals across items.
The report lists global currencies and rates with several changes and placeholders. It mentions the Great Britain pound, the US dollar, the euro, and other currencies with values or notes on whether unchanged.
A terse Los Angeles area public notice from the Pasadena office corner, referencing 334 Fis Trust Building and a post number 714 with a security lag. Readable fragments indicate an official action or filing in a local government context.
Early cotton dealings show small gains in New York with hedging ease and liquidation by traders. Nearby December climbs while inter months stay active. Memphis and Australia mill inquiries push spot activity down in places. Afternoon quotes fall 16 to 40 cents from prior close as regional prices shift amid market caution.
The board declares consecutive quarterly cash dividends for October 1954 ending October 31. Dividends will be paid by check on November 15, 1954 to shareholders of record at close of business October 25, 1954. Transfer books will not be closed. EC Christensen, treasurer.
Markets at a Glance reports mixed meat and livestock activity with hogs advancing to around 18,803 dollars per hundredweight, while steer prices show slower gains. The page notes small firm changes across several categories and references broader market pressures affecting prices and demand.
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