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Newspaper
Pasadena Star News
Location
Pasadena, California, United States of America
Date
Jun 25, 1956
Page
16
New York stocks show mixed action with rail and copper leaders contributing to a modest decline. Friday volume near 1.6 million shares, Eisenhower's political future and a looming steel strike weigh on traders. Silent on decisive moves, the market closes near session-lows with activity centered in industrials and transportation issues.
The report notes that bid and asked prices from the National Association of Securities Dealers are unofficial and not transactions. It lists numerous prices for a wide range of insurance and other stocks including Am Hosp Sup, Aetna Life, Berkshire Hathaway, Travelers, and Pac Mutual among many others.
In Schenectady New York Union College tears down five tons of ivy as part of a restoration and repainting project on the historic 1812 era buildings last painted in 1847. Officials say ivy roots are preserved and will regrow, with botanists predicting a stronger revival in years to come.
Lordsburg high school Maverick weekly declares a motto stating they report truth as told to them with a tongue in cheek tone.
In Idaho Springs Colorado the U S Forest Service fights a major Arapaho National Forest fire near Mt. Evans that drove 125 Camp Fire Girls from their summer camp. Officials report the blaze has burned over 800 acres of timberland nine miles southwest of Idaho Springs.
Clifford A. Munroe, 74, spent over five decades assembling 34 presidential autographs. He acquired most from Theodore Roosevelt onward and bought the remainder. His George Washington autograph is on an envelope Theodore Roosevelt addressed two months before Washington died.
Domestic bond quotes shown with varied yields while New York exchanges pause. Trading activity includes eggs butter and cheese prices to retailers and wholesale buyers. dairy receipts list 8 500 eggs 236 000 pounds of butter and 255 000 pounds of cheese.
The market news notes grapefruit and orange prices holding with slight gains and dips across grades. California auctions by Sunkist Growers Inc and southern selections show varied auction results and lower overall price levels in some categories.
Directors declare a 75 cent per share dividend on common stock payable July 31 1956 to holders of record at close of business July 16 1956. This payout matches the July 1955 dividend.
The State Highway Commission approves relocation of 7.8 miles of Cuyama road from west of the Huasna River to Buckhorn Creek and a 5.1 mile improvement from Deadman’s Gulch to the Cuyama Maintenance Station in Santa Barbara and San Luis Obispo counties. The changes support Vaquero Dam construction.
The report notes varied cattle and hog demand with mixed prices. Feeders and steers show strength. cows and canners move steady to lower. utility and high grade feeders range 14.25 to 19.00 per hundredweight. Demand remains active for heavier hogs while lighter weights see steadiness.
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