Dow Jones Averages Summary From 1953 Closing Daily Trading
Market report shows Dow Jones averages with mixed action and modest gains. Index figures listed include highs and lows and a slight overall uptick of 0.2 points amid thin trading conditions.
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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 28, 1953
Page
17
Market report shows Dow Jones averages with mixed action and modest gains. Index figures listed include highs and lows and a slight overall uptick of 0.2 points amid thin trading conditions.
New York shares edged upward in a quiet session as moderate gains appeared across parts of the tally. Losses were scattered but did not drag the market down, with values showing a cautious advance despite limited trading.
Safeway Stores Corp. announced purchase of Tea Garden Products Co including Grandview Wash plant in Washington Reaverton Oregon plant and leased San Leandro facility. Tea Garden offerings include grapes apples juice jellies syrups and various beverages.
The New York Stock Exchange reports today’s closing prices across major sections with notable shifts in industrials and utilities. Market activity shows varied gains and declines among blue chips as traders react to economic data and policy signals.
The page shows closing prices and stock listings across multiple sectors and companies. Notable mentions include Amoco, United States Steel, General Motors, RCA, and Gulf Oil with various share figures and fluctuations. Historical references indicate the breadth of trading activity across sectors, markets, and notable corporations.
Market notes show steady to higher bids on prime steers and yearlings with loads of lambs and sheep trading at top prices. Cattle and hog ranges listed from 1.50 to 15.00 per hundredweight, highlighting demand shifts at regional auctions and over the counter securities.
October futures largely cleaned out with 30,490 contracts remaining. prices moved 0 to 70 cents per bale. Heavy Carolina rains and unseasonable heat threaten crop quality in parts of the western belt. Treasury and budget figures referenced show broad expenditure levels for 1952, but details are fragmented.
Markets at a Glance reports mixed trading in New York with higher stock prices, limited rail demand hedging, and cautious government influence. Chicago wheat strength supports gains while corn futures rise on export optimism. Feeders and hogs show modest moves with slight declines in top quotes.
The Associated Press reports a weighted wholesale price index for key commodities rose today, signaling broader inflationary pressure. The uptick reflects gains across energy metals and agricultural inputs, with notable strength in staple goods.
An Independent and Press-Telegram ad campaign touts a 47.59 par llel budget and 22-inch ad reaching 144,752 homes, converting some into customers. It urges readers to contact the Retail Ad Department to craft their own success tale.
Chicago police linked a dog’s death and two tavern holdups to a gang of six men. Investigators tied a cream colored auto bearing Illinois license 2140-774 to the Sept. 14 Ferris Tavern killing of Chipper and the Sept. 11 Grillo cafe owner slaying. Willie Perkins and five others were held for questioning. Perkins later admitted involvement in Grillo’s death and the dog killing, while denying the Grillo shooter’s identity.
Lt Gen William M Hoge was chosen commander in chief of the U S Army in Europe an appointment announced by Army Secretary Robert T Stevens. He succeeds Gen Charles E Bolte who will become Army vice chief of staff around Oct 1. Gen Anthony C McAuliffe will replace Hoge as commander of the Seventh Army in Germany. Gen Walter L Weible will take McAuliffe's place as deputy chief of staff.
Classifieds in the Independent Press Telegram promise excellent values in new and used cars with contact dial 6 3071 for details and listings.
A vintage advertisement promotes One-A-Day Brand Multiple Vitamins. It urges lemon juice preparation, hot water immersion, and squeezing to preserve vitamins, claiming up to three tablets daily provide abundant nutrient support. The blue package with a red 1 is highlighted for drugstore purchase.
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