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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 16, 1955
Page
21
Daily market wrap for the Dow Jones averages and key sectors shows Industrials around 483.67, Rails near 2646.29, Utilities about 69.99, and overall stock index near 172.88. The session records high 1935 and low 311 with OB at 66.68 and 61.76, reflecting broad activity and price ranges.
New York stocks rose in late trading as blue chip leaders supported a gain of about two points. Railroads, utilities, metals, and coppers led the advance while losses were limited to modest declines. total volume reached roughly 2.3 million shares.
Grain prices fluctuated with limited sustenance as wheat and corn show minor gains amid market jitters. Stocks drifted, led by railroads and consumer goods, while Paper-Mate merger discussions faded and Gillette rose on a buy deal. Government bonds remained steady, foreign issues mixed with small shifts.
New York stock exchange notes closing prices for livestock related contracts. Foday's figures show movements in cattle hogs and sheep. traders watch supply and demand shifts as settle prices reflect market activity.
An omnibus market brief notes steady cotton futures after midday trading in New York with occasional spreads, hedging, and renewed selling in October. It cites the Commerce Bureau on U S cotton exports and consumption, and lists December and March futures near prior closes with slight gains and losses. Also mentions a fatal accidental shooting in Louisiana and local crop field activity.
A rapid blaze in South Richmond destroyed a two half block long plywood warehouse early today. Fire fed by stored plywood engulfed the structure in about 40 minutes and toppled walls as firemen battled the flames for nearly two hours before bringing it under control. The fire threatened nearby US Plywood Co offices.
Citrus market notes from Los Angeles sales as growers and traders report mixed prices for lemons and oranges. California fruit firms including Sunkist show steady to firm quotes, with mention of sizes and pack details for multiple lots and regional market activity.
The brief lists varied items across industries with figures and dates. Mentions Geula National Bulweries, Poyal Duten shell, American Gold and Platinum, Manati Sumar, Falrenitrh Enping, Suddie States Petroleum, and Tel and Te. Includes 6 month figures such as 29 phis versus 6l cents and a 40 lees reference.
The Division of Mines announced the completion of a comprehensive 878 page Geology of Southern California. Edited by Prof Richard H Dahns of the California Institute of Technology, the study features 441 figures, an index map, 60 route maps, and numerous geologic lineations.
A jumble of names and figures outlines building permits and contractors for the month. Items reference addresses like 1525 ay Sr and 9118& with firms Atkins Winlains and Priale Bellrvay noted for alterations and repairs. Also listed are furnaces, roofing, siding, and plumbing contractors including Bennett son Roof Siding Co and Waralson’s Furnaces.
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