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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Feb 17, 1958
Page
15
New York stock market closes with gains for drug and tobacco equities as trading quiets. Traders note modest turnover while several key issues end the day higher, signaling cautious optimism amid steady demand across sectors.
Chicago hog and cattle prices rise with steady demand and higher bids. Prices for steers and cows show gains while calves and lean cuts market signals hint at tightening supply. beef and pork quotes vary by grade and weight across regional trading floors.
Stocks edged lower as early gains faded with a slow session on the NYSE. American Telephone and Good market drifted mixed with rail and utility shares steady to firmer while Ford and Chrysler retreated slightly. Major issues showed small losses, with notable moves in Union Carbide, General Electric, and Westinghouse as trading remained cautious amid light demand and foreign activity.
Police report a year old woman identified as Mrs Robbie Lee Keith died after slipping from a ladder to reach a second story bed room window. Found wedged between roof and overhang with shoes off and no coat. Landlady Lois Noel said the victim often used the ladder. It was below zero at the time. A sack with hamburgers and coffee lay on the ground. Mrs Noel last saw Mrs Keith Sunday afternoon and found the body this morning.
Market page notes the Standard and Poor's 500 stack index with figures 494.28 and 4150 alongside sector lines for Industrials Railroads Utilities. It reports changes and closing figures, highlighting daily movement and sector breakdowns in a terse market summary.
Radio Moscow said a Soviet physiologist, 38, trains Alt Mas cow named canine space traveler. He hinted a new Soviet garth satellite may host the mission, but gave no timing. Sputnik remains circling Earth with Laika as the only space dog.
New York cotton futures slipped under liquidation pressure with losses of about 12 cents per bale. Short covering and some gains late improved sentiment. March and May contracts showed mixed moves as prices fluctuated around earlier declines.
A cryptic AP sourced market note reports on staple price trends in New York with scattered figures for commodities. The fragment mentions futures, weekly shifts, and a midyear reference, but lacks clear dates or concrete values.
In Yokohama a battered OC4 transport once used by Gen. Douglas MacArthur during the occupation was sold for about 120000 dollars to P. D. Smith of Los Angeles for salvage. The fire damaged craft was shipped to the United States aboard the Pacific Transport freighter.
Al Fagre reports Yemen’s imam Ahmad has jailed three relatives accused in a failed coup. Identified are two sons of Saif al Isra,al Hassan and a son of Saif ul. Islam al Hussein, the imam’s brother assassinated in LSAT, now in the United States.
Former President Herbert Hoover will deliver the principal address at the Washington’s Birthday ceremony of Freedoms Foundation in Valley Forge. The event will announce awards to more than 700 individuals, schools, and organizations for outstanding work in behalf of the American Way of Life.
Mrs. Marie Gervais, 59, 5 feet 6 inches and 112 pounds, stared down a robber and chased him from her Detroit variety store with her cousin Helen Schamer. Mrs Gervais sustained a broken left arm but kept urging him to hand over the money rather than risk her life.
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