Oklahoma City Times (Oklahoma City, Okla.), Vol. 66, No. 272, Ed. 2 Thursday, December 22, 1955 Page: 2 of 2
This newspaper is part of the collection entitled: The Oklahoma City Times and was provided to The Gateway to Oklahoma History by the Oklahoma Historical Society.
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I
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Oklahoma City Times
Closing New York Stock Exchange Prices 5 Newsprint
Aircraft List
198
1
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de
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General Motors
best while losses were small and
e
The ANPA also reported that 10
nau
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is
1
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avecst
if
/a
My
ige
11
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17
28
322
19
1
Tht DowJoMt Ticker
t 23
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109
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lot
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NEW YORK (P—The fact that
6
4
Co stock will be sold next month
20
40 edt
80
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12
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To INVESTORS
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23
Swine Prices
Turn Weaker
Eases Grains
Estimated Salable Receipts
s 4
1
I
181
Want Ads, CEntral 2-3311
Robimson at brand Ave. CI 2-6327
■aovlaa
E"en .#
top of 111.50 represented still an-
ts
Steady.
i
10,200,000 Shares
IRda."hela :
i
Srdgtoromhany
$
Other Markets
Oat, Barigy Mile
nia
. 6
3
38
P
I
I
SANTA WANTS TO KNOW
On Uniting Korea
today that North Korean Premier
aza
II
hom
।
HlloE
ft
sources. in October and December
Arkansas Broilers
<
)
and must be carried out
and along democratic
Decembee '
’ 5
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7
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Total $68,121,365 $5,688,344 $27,344,500 $1,556,200 $21,109,206 $759,915
(d)—deficit •—for nine months ended September 30.
UN
MM
none
none
Ford Profit Rue More Rapid
Than Its Rivals Since War II
Scarcity Seen
In Ford Stock
NEW Y'ORK. Dec 22 IP-The
■tock market advanced Thursday.
a
4
62,000
96,000
117,000
260,300
126,100
116,900
165,800
327.100
113.200
concern
German
1,501,700
1,971,200
3.249.400
3,029,500
3,741.900
3.040,000
4,211,300
4.002,300
4,024,600
Profit
886,526
287,991
440,448
000.434
834,044
506,200
058.731
598,119
800.974
913,887
1
1
The Red Premiers also demand-
ed the "simultaneous withdrawal"
of American troops from South
M
M
!
E
MEMBER
F.IXI.G
rod
ener
NEW YORK (-Five major
newsprint producers have informed
customers they will cut back de-
liveries by 7% to UH percent at
the start of the year, the American
clinton
El Reno
Enid
dipped somewhat later due to
weakness in wheat and corn.
Wheat closed % to 1% lower,
March $2.08; corn down % to %,
March $1.29%; oats % higher to
Mung bean growers in Oklaho-
ma—with an estimated production
of 7,000,000 pounds—have the larg-
est crop since 1950 when the state
2,500,000 tons of ingot capacity to
its production.
I
i
3
i
Cattle ....
Calves ..
Hogs ....
Sheep .....
..... 400
.... 100
.... 200
100
instead of the seven million orig-
inally planned will ease the strain
of trying to meet demand, but
there still won t be enough to go
around. Wall Street observers pre-
dicted today.
They reported that the filing of
the registration statement with the
Securities & Exchange Commis-
sion yesterday stirred up new in-
terest among investors. As a re-
l
>
For over 30 years, a safe,
friendly, dependable place
to invest your hard earned
money.
4m
5 Am
I Am
8
20 14 nse
"h J ngBA
6
A Preliminary Prospectus may be obtained from your <
own investment dealer or from such of the under-
signed as are registered dealers in this State.
2
49a,
2142
11
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r
slnnp
lennessey ....
»pf A 821
573
321
10’s
MH
-
THURSDAY, DECEMBER 22, 1955-TWENTY-SEVEN
PECANS
.n
FEED GRAIN8
84
lift
1822 33
#
I
Livestock Markets
sITranamd top vrices on chotee steers.
OFFERED AT A DISCOUNT
Twelve (12) Seeds ef
MIDWESTERN
ACCEPTANCE CO.. Inc.
F. R. BURNS 8 CO.
FO 5-4511
Aoam.
b:
a
IS
do
Fet
Nt
3%
Cuvently
27
25 Zoni
tn
km
SALES OFFICE PI.ANNED
NEW YORK (—Sylvania Elec-
tric Products Inc. announced
Thursday plans for s new 86,000
square foot warehouse and sales
office in Los Angeles to serve
— -
Foreign Exchange
U. S. steel was a higher fea-
ture on news that it plans to add
ice said Thursday.
Oklahoma is the only state in the
union where estimates are made
of the mung bean crop each year.
The report shows that the har-
vested acreage this year was 25,-
000 acres compared with 4,000
acres harvested last year for a
crop of only 4,000,000 pounds. The
10 year average production in the
state is 10,975,000 pounds. The
largest crop since records have
been kept was 24,000,000 pounds in
1945, the service reported.
Reds Seek Parley
fajner
•. 19514
ntCan 26%
These shares are expected to be offered for sale to the
public on or about January 18, 1956 by underwriters who
are to purchase the shares from The Ford Foundation.
Westinghouse Electric, on the
other hand, was moderately lower 3
as a new break developed in labor
negotiations aimed at getting the
strike - bound company operating
Savings & Lean Assn.
300 N. Robinson Phone FO 8-1474
Oklahome City
Newport News Shipbuilding were
up between 4 and 5 points; both
also were strong Wednesday.
Many Sections Up
Good gams also were shown by
rails, oils, chemicals, radio - tele-
visions. rubbers, motors and steels.
deliveries. Some of the buying to
nearby March was said to be
against sales of cotton to Korea
YULE PARTY HBLD
Annual dinner and Christmas
t
12a
)
1
I
Oft
3
1889
MW
. . . what finer gift, for
everyone, you can find than
a savings account at Cap),
tol Hill Savings & Loan As-
sociation.
19933 1s
115
.53 :292
GRAINS
.aJWilUW
Premier Otto Grotewohl have
called jointly for an international
conference to reunite Korea
The broadcast said the two Red
£
Mm
ya
Jul
sedt.
Korea and West Germany, adding,
"The reunification of Korea and
32
3
2
Alva
Watonga
Lawton
SAVE
Where Saving
PAYS
Dividends ave paid
June 30, and Decer-
bar 31st each year.
Each account insured
pp H $10,000.00.
CAPITOL
FEDERAL
au5
asAL
astp
assst
•iM1 r
(By The Assoctated Pres
Profits of Ford Motor Co. have climbed at a faster clip
since World war II than those of either General Motors or
Chrysler.
Earnings and sales of the Nation’s No. 2 automaker-dis-
dosed for the first time Wednesday with the filing of the
company's stock registration statement—make this dear.
A comparison of motordom's Big Three follows (figures in
thousands):
time.
Bowater Paper Co. is cutting, at
least some of its customers, 10
percent
St Lawrence Corp, will reduce
shipments in 1956 by around 13 per-
cent. In addition, this company
has told customers it will make
up any tonnage-which was not de-
livered under 1955 contracts.
More Listed
ANPA also stated that Coosa
River Newsprint Co. has notified
customers of reduced deliveries
early in 1956. It said the company
explained it would lose some pro-
duction during the installation of
new equipment from January
through April.
In addition to these producers,
Powell River Co. has reported it
plans a 12% percent "delay” in de-
liveries for the first half of 1956.
but said it hopes to make up these
delays in the second half of the
year.
ANPA said it had been advised
the following companies are behind
in newsprint deliveries —Abi-
tibi Power & Paper Co., Interna-
tional. St. Lawrence. Minnesota
& Ontario Paper Co., Bowter,
Price Bros, Powell River. Coosa
River, Southland Paper Mills, and
Great Northern.
Boosts Leveling
On the price front, ANPA re-
ported that St. Lawrence Corp,
would make its increase in news-
print $4 per ton effective January
1, instead of the $5 boost announced
in October. St. Lawrence was the
first company to raise the price
in the recent round of newsprint
increases. This will make the St.
Lawrence base price in New York
$130 per ton.
It appeared that the recent
boosts of from $3 to $5 a ton may
ultimately level off to a $4 rise
by most companies.
Blyth & Co., Inc.
133 So. La Sella 84., Chicago 3, 01.
The First Boston Corporation
Ul So. U Salle St., Chicago L IU.
Goldman, Sacha & Co.
314 No. Broadway, St. Loots 2, Ma.
Common Stock
(SSPar Value)
A repistration statement has been filed under the Federal Securities Act of 1933 with respect to these securities. They
may not be sold nor may offers to buy them he accepted before the registration statement becomes effective. This
advertisement shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any State in
which such offer or solicitation would be unlawful prior to registration or qualification under the laws thereof.
5. i
oni,
Sie
.W hr
zp- --
Mills, Brokers
Prop Cotton List
NEW Y'ORK, Dec. 22 u_Cotton
futures were irregular Thurs-
day. Trade and commission house
buying lent support to the market,
with offerings coming through
profittaking and hedging
There was a good deal of short-
reyh
7 Ri
ollyug 2044
omstk pH
• Oil 63a,
lira
>
265afyB
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CAPITOL HILL
Sauings X Loan Association
12 W, .. MF . J4 toLica,
wgaez 3
4 AmCrys 3?
192 km van 6878
35 Am Dist 51
I AmEnes 13H
4 AmEnka 4414
7 Amurop 3514
7
4
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£
amw!
ar Wd
ara‛ pn
rfetf
E tsi
nps.k
Kuhn, Loeb & Co.
M Wal St, Now York 5,«. T.
Lehman Brothen
One William St, New York L N. T.
Merrill Lynch, Pierce, Fenner & Beane
, First Nat. Bldg.. Oklahoma Qty 2, Oklahoma
9.55
29.40
(In doars)
Canada dollar
Great Briain pound
30-day future! pound
AMap futures pound ....
90 day futures pound
France -franc .....
Germany west mart . . .
Mexico peso ... .
Venezuela bolivar
##
E“kug
NEW VOI
are the Dow
92g
Katiered.
Business was good and came to
an estimated 2.700,000 shares as
compared with 2,540.000 Tuesday.
Aircrafts continue to bask in the
rewarding rays of defense spend-
aac
Laverne
(. linon
i
h
de di
Cat Tr
Selan
Rlole,
1
19
Sozmran Hooker........
. 21
a.
llw 2
iLanee #i
11
3
25
1
OulslanJing
SERVICE
CHICAGO. Dec. 22 U_Selling in
a
k
MH
157
2
93
F
i*
9
1
।!
$
'w:
Nut 2
Km 15%
Aire 28
1 Ji
II
9
enVS
hib
•rt tea
hd Goth
Local Markets
zGGS
carrarotet.pu. Stark Produes Ce.
Eee
WHOLESALE EGGS
M Am
I Am
2 Am
prospects of export business, but
4 AmEx
I Amu
1 AmH»
it
SW1
29
g
other new low mark since 1942.
Lambs were far too scarce to
allow anything other than a quota-
ble steady calling and this meant
that choice to prime lambs could
still be listed to at least $16.50.
Meager cattle receipts Thursday
consisted mostly of odds and ends
of butcher cattle, calves and Stock-
ers which sold near-steady to most-
ly steady. Calf and stocker trad-
ing however tended to develop
dragginess as buyers failed to
show any interest in accumulating
additional stock to hold over the
long holiday weekend.
The run included only four loads
of steers and two loads of these
sold early at $18 with two other
loads of heavier steers going to
packers at $17. Sales on these few
steers were at least fully steady
and values now are 25 to mostly
50 cents higher for the week to
date. Odds and ends of utility and
commercial steers and heifers
dropped on down to $10 to $13 but
very little with slaughter merit at
all sold much under $11.
*
3
Clinton
Laverne
Vinita
i
EGOS
otorolg •' .
®;s 23
37 B
month.
Brokers of a bullish persuasion
are hoping the markets’ more
vigorous rise of the past two days
represents e head start on the
customary advance between
Christmas and the New Year
The American Stock Exchange
was higher on heavy volume. Go-
ing up were Venezuela Syndicate.
American Bantam Car. Bailey
Seiburn Oil. Drilling & Explora-
tion. Equity Corp., Imperial
Chemical Industries, Pan - Israel
oil and Toklan Oil.
Corporate bonds were generally
higher Thursday, with utility and
industrial issues setting the pace.
Trading was at a moderate tempo.
U. S. government obligations
were down in very quiet trading:
losses at one time ranged from
3-32 to M2
Foreign bonds were almost neg-
lected.
In the corporate list, Sinclair
3%s rose more than 3 points at
one time, and Dow Chemical 3s
were up 2%.
_ SOYBEANS
164
its second consecutive rise, with
aircrafts dominating buying. Gains ।
went to around 3 points at th* 1
32.1
3 3
H
Newspaper Publishers association
“dTodaz
companies are running from six to
SA..H Wheat Slump SUAe
3144
IB 4124
Ford Chrysler
Net Sales rrofit Net Sales Profit
8894,500 (d)M.100 ' $870,000 $26,889
$0
2084
82
2; I
ba
73 Merek 719
1 \ errChs 231
estaM 50
o Miami MH
4 r*
255 :
2 VS Lines
9 SPipe
1 WMV
53 Plyw
s'SW
• SSmelt
1 do pf
145 SStel
3
3 SToh
1 00 do pf
3 nitstky
Pp
87 nWallp
29nivl/ro
M niiet
3 Banh
2 VapNOrm
I anRaal
45 VnadC
50 Verts
Thu list of prices paid to
producers U compiled by the
state department of agricul-
ture market news service:
BROILERS
Firm, zupply and demand equal
FOB Farm belivered
LONDON e_ Moscow radii Mid
*- " . —.. - _ . Jul
*32
ybet
ayoner
W
in
i H
1u
h:
ir*
$4
New York Drygoods
NEW YORK. Dec. h-(AP)-The ot
ton textiie market was alow Thursdey.
Moat of th. businesa was scattered, with
converters flline in inyentories wpere
•eot upples wre ayalabie, Sal in.
volyed some print cloths, broadcloths
and sheeting. The popular M square
print cloth ontinued to Mil aa tow aa
20 rent. a yard in resale for averaze
1
1 avamft 26
I® ■
■ KM '
1 ulqv w
9 Burllid
90do4Mpf ..
16 Burro |
IFE
EgsEea
1
1
li
12′6
4914
126
J,
ome 90
4*
It
do pf 196
WeAk to
. WatMary MH
uZ1 2
1“wnmsr 5%
Yjnia 16 OWa City
Muskogee 15-16 ulsa
HENS
Steady, heavy hens abort.
oustP 41
ousti 11M
oweSn 2574
“ 1Mn I’i
EzeE
worpucmacagousvains..nomn.
j
1§
11290
1910
• 1244
58 V)
White, Weld & Co.
231 8a. U Salle St., Chicago 4, 1
’ 1 )
Korea, after a visit by the touring Juy
East German delegation.
Am
Am iv
retkG
Ar.
do
4a mas
aanep
&
Kwm
ar
>t
4
ayuk Cig
eorh A
g as" ‘
of MI
mAMders for fall ISM wool goods were
889 3160 istk
03083 3003 rayon zoods, market reports were
that some converter, have raised price,
on finighed linina twtlis, dun to higher
costa. The firmink of acetate yarn price!
continued to lend more conndenke to
the market retarding price stablity ti
acetate fabries.
produced 13.950,000 pounds, the Oklahoma City
federal - state crop reporting serv- Ad
23
make a decision for the rest of the _ nn . Nt.
year based on. conditions at the 10,200,000 shares of Ford Motor
I
$
about $11.
Odd Lot Stock Deals
NEW YORK, Dec. 2-(AP)-TheNew
York Stock Exchanae reported Thure
day thene odd lot fransacionsb prigel-
pal dealers on the exhanse for De-
samabdor“fpo”gzehaar.o‛ cfdznzhass
shares sold short
2%
ift
1*
iga
g
% lower, March 65%; rye % to
1% lower, March $1.19; soybeans
3 lower to % higher, January
$2.38%, and lard unchanged to 7
cents a hundred pounds lower,
January $11.00.
. _ ______ leaders issued a communique in
eovering. credited to Liverpool Pyongyang, capital of North
Mostly steady price levels were
maintained Thursday on another
light supply of livestock here but
sellers did have to accept some
i new weakness in the hog sheds.
’ Hog buyers narrowed the range
ir to $11 to $11.50 for good to choice
18 190 to 230 pound butchers and the
l > ton ~ 411 — "enreeented etill en-
wa"drsys HH
409
n«k ip
27 Gar, nm
B WarnBP 91
4 WarnL 411
23 91
23 WarrenP 6904
B WashWP 384
1 WaukM 281
6 WayneP 201
32 17
Wessr MH
6 19 We.,Rnas 29
6 WKyCoal 251
7 WPennE 261
”1^. 142
ELE %
potrip
’T v 3 EkW t S
V; 3
8 Str*:::::: 11
- 32 spring pig crop may be 2 percent
tower.
Soybeans were up early on
& 188
‘rederick 2 00
eawon .... 1M
s
355,
3.^ “
n opemployes andfami Germany r primarilyrthe
uL Ere" J*** companies of the Korean and
zu
japriel p
« 2
|o H
1.363.637 67.181
1,567,933 89.187
3.084,603 133.170
3.190.893 137.877
2,546,679 71.973
3,600.959 78.897
3.347.864 74.789
3.071.598 18,517
3,448,351 70.6)7
n... cu. CHOIC. STEERS
gMlaac"aaygcbutakne
ewciz: »
Slight Dip Seen
In Hog Numbers
WASHINGTON, Dec. 22 (The
agriculture department Thursday
forecast a 1956 spring pig crop of
56,000,000-a decrease of 2 percent
from this year's big crop of 57,-
342,000 head.
This prospective decline--which
means that pork supplies will be
I smaller next fall and winter than
during the current fall-winter sea-
son—comes on the heels of a drop
of nearly 40 percent in hog prices
this year.
Hog prices, which averaged <18
a 100 pounds nationally a year ago.
have dropped to an average of
BUTTERFAT
gteay, ” M^dkl. Cit,
Paula Valley 53 Watonga .
tera . 5 ton ”
inton 12 Tuba
Enid ....... Si yinifa
U Reno ...... M Nuakozee
CASH WHEAT
Stendy lata Thursday
Ite. £
AWT #
2
17 Bolar Atre 2314
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y0u"Coipd
11 South Co l^e
Sou IndG 304
NGas 34’t
Pae MH
Prod MH
„ 195
1^* 1,
30 pks W 5
t on K Uh
Sparry Rd 265
3
2
2 Urrul
6 HercPdr 132
nMf MH zHershCh i.
3 # EEar
M I l 10,80.. p.
Ma 16 lRH 1
n 1
$*
as, $*
i SI
Big Mung Bean
® Crop Predicted
1 P
E ®
L «
20 WhiteSw m
#
i2wnnDxe MH
143
33WowrdIr 3714
27 Wolwrth 4744
Jo Worthgtn 4614
21 Park UH
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28 Cap! Air 4044
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9
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10 meatins 3444
1 10 mhipB 60
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do wi 37
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in SGfWaate 21
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25 har sti 4475 1
• Shattuck 10 i
Wr tR $y
uh Ar #
7 Simmons 471
97 Sinclair Q 57’•
5i^ A 54:
9 fiX p 2
5 Smith Cor 2271
69 Dou 2S’i
34 Socony 64
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Keeps Stocks’ H==2
Rally Rolling 183 E
34 Adm,
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ing.
In the midst of plans for an
atomic-power surface ship in
Washington. Bath Iron Works and
ga .
Sa Ik
atup 494
n, Ham .r*v r
125 &
ew 6
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111 Std OInd 50
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32" p , $65
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S’ Firms to Cut
U
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EW 215 5 Grant
22 days behind in deliveries of
newsprint to U.S. publishers.
These developments come at a
time when newsprint consumption
is at a record high and the supply
in the hands of U. S. publishers
is at the lowest level since June.
1933.
Cut Due To April
Great Northern Paper Co is no-
tifying its customers of a 13% per-
cent cut in deliveries, effective
January 1. There is no indication
of how long the cut will be in ef-
fect i
International Paper Co. is cutting
deliveries 7% percent from Janu-
ary through April and then will
suit, many more people tried to
i place orders for shares.
Jan. 18 has been set as the ten-
tative date for offering the shares.
If you have ordered shares, your
broker will try to fill your order
— provided he has enough to d6 so.
If he fine, he can't take care of
bu .he will allot his quota.
When the 10.200.000 shares have
been sold, the stock will start trad-
i in the over-the-counter market.
Since a quick oversubscription is
e. ected, such trading could begin
the same day the shares are sold-
Once trading starts, the shares
will find their own price level. If
there is a big unsatisfied demand
for them, the price could go up.
On the other ha d, if the price
dosn’t rise much, speculators
looking for a quick profit may de-
cide to get out
It's expected th-t around March)
1, the shares will be admitted to
trading on the New York Stock,
Exchange.
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Kim II Sung and East German Mar
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12 NvntArla %
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8: i
imr nm Sales
1948 ....81,962,502
1947 .... 3,815,159
1948 .... 4.701,770
1949 .... 5.700.835
1950 .... 7,531,087
1951 .... 7,465,555
1953 .... 7,549,154
1953 --.10,027,985
1954 .... 9,833.526
•1955 ... 9,543,778
M
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F *fa‛ 52
1 -- — 40 3.40 pf Ml
4 Maytag 32
seja 33
3 R 4314
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5288 12%
1 1 eneel 14'«
c. wheat futures had a bearish ef-
3 on other grains and soybeans
.. a. i » Thursday on the board of trade.
cmoFa? im "mF layo Cez m Wheat dipped around 2 cents a
£ Su to l? reta Uto bushel in some cases on liquids-
X Medum ff.» tion caused mostly by a govern-
... _ HWE.POULIET ment estimate that 1956 winter
by otnrniwi km ° wheat production may be about 4
3.3 percent larger than the 1956 crop-
Com also was depressed by a
KM"a government estimate that the 1956
lift
32
1033
_____
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Am tores 57
Am ug 9814
, mmTb 1394
again 63 mT&T 175
“8-* 1 $mTpb 7914
Challenging High 822me 243,
The Associated Press average nAmwWas 29
of 60 stocks, up 80 cents at noon, 32 m""
is posting a challenge to its old - «
record high of 3181.50 scored on
September 23 just before t h e
market slumped on news of the
preident’s illness; it reached
that same level again early this
/
3 p,r* Mux
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33 pfize
20 dp
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•Jones hourli atock averade
ma%t Ball* ve
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fami 24%
ransti 37
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Gaylord, E. K. Oklahoma City Times (Oklahoma City, Okla.), Vol. 66, No. 272, Ed. 2 Thursday, December 22, 1955, newspaper, December 22, 1955; Oklahoma City, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1999914/m1/2/: accessed June 11, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.