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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 26, 1954
Page
19
The 1954 listing shows fluctuating Dow Jones averages with utilities and rails moving in different directions. Key figures include 364.43 for one metric, 279.84, 120.75, 6158, and 133.08 with several smaller shifts, reflecting varied market activity on the page.
New York stocks opened mixed and drifted during the afternoon with uneven moves. Prices swung as much as two points in either direction, but most changes were small and the market read as hesitant overall.
L. A. stocks saw light trading with enthusiasm subdued. Total volume approached two million shares as steels performed well while aircraft fluctuated, airlines rose, and oils mixed. The American Stock Exchange was moderately active with mixed prices and bonds weakened on cautious trading.
The New York Stock Exchange closed with broad activity as major indices finished mixed. Traders watchedFederal Reserve signals and corporate earnings while volume remained steady across advancing and declining issues.
The report lists closing prices and quotes from the American Stock Exchange. It notes various stocks and commodities with figures including gains and losses, highlighting trading activity across numerous issues and sectors.
A dense page outlines New York bond market figures, Treasury data, and commodity quotes. It notes totals around 2,890,000 and lists various securities, prices, and currency exchange rates for international markets, with Treasury and investment fund figures embedded amid commodity mentions.
Market reports show steady cotton prices with futures influencing hedging and covering moves. Trading noted weak absorption by shorts as producers adjust hedges in a mixed demand scene. Industry quotes mention price shifts and unsettled segments amid broader commodity activity.
The lumber barge Humboldt Woodsman, en route from Crescent City to Los Angeles with three million board feet of lumber, developed a leak near San Simeon. To avoid beaching, 500000 board feet were dumped. A tug from San Francisco will attempt to refloat the crippled vessel.
United Air Lines reports for the first nine months of 1954 record traffic and operating revenue, net earnings after taxes of 8,433,683 dollars or 3.13 dollars per common share. This compares with 8,024,115 dollars for the same period a year ago.
Clarence L. Smith 35, former president of the Central Mik e States Agency of Artesia, faced a preliminary hearing before Municipal Judge Morton L. Barker in Los Angeles. The complaint alleges unauthorized hoarding totaling 114,000 from company funds, with a smaller 17,200 cited as traceable to Smith. Deputy District Attorney Herman Atterberry filed the complaint.
A union led action at the Tokyo Stock Exchange halted operations as workers demanded a 6 percent wage rise. Pickets formed on access roads to the exchange amid near 24 hour protest pressures.
Markets show mixed signals as new rules ease but irregular trends persist. Investors weigh early gains against harvesting delays and volatility, with regional trusts and energy sectors guiding sentiment amid shifting government policies.
A jumble of OCR fragments lists ambulance calls, street names, and addresses such as 174 Savona WE, 2448 Granada Ave, Pine Ave, and 2nd St, with mentions of Ambe m? Wardle Tid and Beau Bio H. The text suggests local public notices or emergency response items but lacks coherent context or a clear event.
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