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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 30, 1947
Page
11
Daily coverage of the New York Stock Exchange with Dow Jones averages and ticker quotes. The report lists numerous stocks and prices across sectors, including industrials, utilities, rail and chemical firms, noting changes from the prior day and high low ranges.
Markets in Los Angeles and Chicago highlight uncertain demand with corn and wheat edging higher briefly then retreating. Reports cite government price plans and winter wheat conditions in the southwest plus moderate purchases by the Commodity Credit Corporation aiding sentiment. Wheat closes lower while corn and oats post small gains amid price volatility.
A dense OCR fragment lists entities, firms, and terms related to securities and engineering. It references various organizations, locations, and products with scattered names such as Edison Heaton Kiev and Grinnel Corp, suggesting a catalog of market and engineering terms rather than a cohesive report.
St. John's Parish in North Long Beach holds a special service tonight to commemorate the Lutheran Reform begun October 31 1517. Pastor Dr Henry A Fish will deliver a message titled Blessings of the Reformation and Our Reaction Toward Them.
The report covers cattle calves and hogs trading at mixed levels in Chicago and Los Angeles. Prices show gains for cows and bulls while vealers and feeders vary, with top quotes around 28 dollars for veal and mid-20s for medium cattle.
Fragmented OCR shows scattered numbers and terms like hay prices and alfalfa. No coherent events, dates, or entities clear enough to identify.
Leading rails and industrials fell about four points as trading opened with a lower tone. After midday the market saw some activity and scattered recoveries while government actions against investment banks prompted urgent offerings and widespread liquidations.
Hancock Oil of California reports a quarterly net income of 1,236,806 for the three months ended September 30 1547. Operating income totals 809,308 with 427 500 in dividends and gross income 8,780,448. Expenses include 7,555,965 in costs and taxes. Headquarters are in Long Beach as an independent Western petroleum producer refiner and marketer.
Local briefs note the Halloween dance at Crystal Ballroom Compton tonight hosted by Halloween-Mupah Grotto Veiled Prophets. Saturday the grotto travels to San Diego for a ceremonial session. A Daughters of Union Veterans gathering hosts an I Was It tub luncheon with Mrs Rebecca Dunbar and Wanda Carme lites. Temple Sinai service features Rabbi Ravetch on There Can Be No Judaism Without Hebrew.
Markets at a Glance reports mixed trading with cotton noted as steady and various items showing minor changes. Prices hover around 26.25 for a notable commodity while traders gather near Chicago and New York adjacencies amid cautious activity.
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