California Pasadena Independent Newspaper Archives Sep 21 1957, Page 8

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Independent, The (Newspaper) - September 21, 1957, Pasadena, CaliforniaUti Iima. 1m7 Stock volume increases industrials off new York. Ins the at More than three billion Dol Stock Market suffered one Lars. Of its biggest setbacks of the year yesterday with wide trading activity increased in the slump which left the rail spread losses of one to More Road and Utility averages a Dow Jones than four dollars. Jneil lows for the year. Paper losses were estimated the Dow Jones Industrial business Bill editor Elmer roessner two jobs too bad sooner or later americans will have to make up their National mind As to whether it is Good or bad for one Man to hold More than one Job. Is holding two or More jobs unfair to the unemployed is it unfair to the employers is it bad for the econ average ended with a loss of 57.70. Rails backed off to 128.48 compared with the pre Vious Low of 129.93 and ties eased 51 cents. Volume expanded substantially to shares As against thursday. Each of the ten most Active issues showed a loss. General motors led the list minus a and Chrysler had a similar Back after an Early fractional gain. Curtiss Wright was next on he list off followed by Bethlehem k lower. Issues Active dealings broadened to in in at Stock Stodut omy on the other hand should Laws unions or Public opinion prevent a Man from working As much As he wants if an employee can t do a bit o moonlighting should t pm players be limited to 40 hours a no Contact Wor at the country dub the practice of holding two jobs or holding one Job and working for one s self after hours is growing. Recent government figure indicated More than persons had More than one to other words if everyone gave up his second Job the unemployed could be put to work in a Trice. Fewer Houks Moke jobs a Survey by the National Industrial conference Board indicates that 8% of the men on a 40-hour week have two jobs and. 14% of those working fewer hours Are on two payrolls one company said 50% of its a highly skilled workers also worked for somebody else. Most employers discourage moonlighting As the holding of two jobs is usually called a working for one s self after finishing a Day s work for Soni body else is usually called Sun Downing. Holding do in a soft Job such As watchman after doing a Day s work is often called baby sitting. Vary from ind str to Industry and from Region to Region. Names for men holding two jobs Are some times unprintable. Many companies unions and bystanders have taken positions on the two Job practice. Arguments against it Gener ally Are in holding a second Job a Man keeps another unemployed. Moon lighters cheat employ ers because their work suffers. They endanger fellow work ers because extra work saps their reflexes. Elected Alfred t. Hartwell jr., of 1420 Rexford Pasadena was recently elected Trust officer of Union Bank Trust co., los Angeles. He joined Union Bank in 1.946 and for the past 6 years has been assistant Trust officer. Any Steps to prohibit wage Raniers from conducting their own business after hours would tend to wipe out thous ands of Small businesses and recent others from starting. Often the Only Way to Stab so a Small business is to hold Job during the Early years to mutate Economy Moon lighters stimulate the entire Economy with extra in ome they tend to buy More autos furniture appliances and ther goods than those with Only one Job this tends to make jobs for others. Certain periods in men s ves bring added respond Srbui ies Many find it necessary to by Home and furniture at the ame period they Are obligated o begin the support of child they Are blocking the 30-i at these times husbands hour week because they Are should be permitted even encouraged to hold extra jobs. There you have both sides. Arguments pro and arguments con Are both Good. Some Day we must decide which Are Best and whether we shall Honor the Man with two jobs or put him in Coventry. Evidence that men can and want to work longer hours. Nibble at unionism Moon lighters olten work at less than Union rates on their second jobs. They help employers Circum vent the time and a half for of Ert Irne provision since they enable employers to hire a second shift of Moon lighters instead regular employees overtime. In working More than Rogu . Hours Moon lighters and sundowners neglect their families their civic duties their Union meetings. The arguments on behalf of holding second jobs Are usually these fhe right to work is As Basic As the Freedom of speech no Law deregulation should pre vent a Man from working As much As he wishes. Prohibiting second jobs would impoverish Many or throw them on Relief. A Man with a Low scale Job and a Large family must hold a be Tiow . End Job or turn to private prism it. 1 Cal issues of which a vide majority of 853 ended Ower. Only 126 were Able to move higher. The Selling sent 187 issues o new lows for the year. None of the 30 components f the Dow Jones Industrial is was Able to move higher and 15 dropped one to three Ollars. Major victims in the Selling included Gulf off Alcoa i lower International paper Down 3 i and . Steel Dupont ism Goodyear and Douglas each off one to More than three dollars. There was no single explanation Tor the Market Back whlc.1 left prices some what below the level where two previous declines had been halted. Oils were depressed by the demand Outlook and the so Viet stand on the mid East. A drop in scrap prices to a new 1957 Low Hurt steels. And Overall there was further re action to the British Bank rate increase and concern Over reduced profits in some . Firms. American 1owjer american Exchange prices also were lower with British Petroleum the volume Leader off Hazeltine Woodley Pacific Petroleum Creole and Imperial Oil were among is sues Selling at least a Dollar lower. Bonds also eased. Among commodities co Tori Coffee Cocoa Wool and Copper were lower. Molon Curlik Wright urls steel Toyal dutch i s Ltd Sears Rob Olin myth cd Tel Oil j in Llyn Amle Chrysler 0 Suonh Holland turn Lulf Oil it of u is m Usu Turkut in we a Wpm do Ulch Law l of 187 131 to o 13 m Ujj. .137.1 at i Stock k urn u of a w a. Odd Irr Kari. Lank Aid yrs ctr nifty thl. Year u Date it year to Date Dieles a Btl Sau Frame afro Oakland a Ertley debits s.xm33.1 Stock leaders 31.000 .ti.500 30.4h 3.1m 10.100 19.5m 400 com 40h american stocks la Gas com Bald Sec barium so freeze c Oil Sitti cloak Cut 3 is 61. 38 us 34 39 14 234 _ a 11 a ii n i up 2 6ii a Oil. 40 Iron co 2s Juc Heye up 1 budget Fin 4 6u 3urrv b 3alv can so pet can All Oil Dailard Canso Nat Gas Carnation Alary Cockshutt f Compo so Cor Ray of Ole pet am Oil mud at Suk Oom st a Joor Olav Oil Lumont lab i Sta of a .11 Bond it s Virtus 33 y. Giant Glen Aidel at Hall lamp Hazel ten 140b Hecla min Lumble o 2 so my Oil a n am 2 it petrol Ake so m ear .30 a land 1.20a icon arc Micro Home st pet. Murray of Musk p ring Muskox Muter co 3 7v. A Zinc Jennie on Ogden in Pac 6 of do re it j 41 13 Al 473 5su 1 2 sugar s do i 3.60 _. Sum 10 9 9 9 am Zeltt 63 171 170h 170 m Tob 41 74 i 73s 74 do of 114 113 113 am Viscose. Is 35h am w 10 5 do 6 of 2 a Zinc 6 on Hen Al 17 Anaconda. 97k Siu 50n Cut 3l 41" 1 si.-., Emco Sll 67 54 54k Arm Uraco 52 13 i 13h i armst cd 12 25 24% do of i .50 51 79 f 793 u Art loom 4 4u 4s 4% _ i an in ind 2 321 32 a 32 k Oil 39 172 17 do of a5r prod Tchison do of .11 City Al 1 .11 cat lint 6 at Refl 51 Atlas up 30 ulna per 17 Aust Nich 1 mrs 76 10 95 21s 212 25 Hij is la Babbitt 9 Back t w 73 3t Bald Lima 75 12ai bait o t e 3 34 bait of 162 Tang Star 4 39 i Barber Oil 6 72 Larker by l Nasic prod 1 is Bath or we 12 51 beat foods 6 33va do of i .20 126 be aunt it 7 11 Beckon inst 32 33 Beech arc 8 Leech l Sav 293 held hem 7 12 h Lell arc 21 1ch Bell i Hoir 34 41 a Bendix a 30 49u beef Fin 9 is i do p 4 42 Jen suet 130 Best a co 5 Best foods 4 bests All 17 steel 309 item Klyk Law Cal. T 4 at l 33 up 4. T str 36 Ifko. 27 Sij Gyton majr t by str 2 do of x .20 76 co pm i 2sn Stop n 4 i 1 Auto it 33% i t Mua 304 if a Ster bit 7 s9v he fun watch 3 pkg 73 31 j do b 42 Emerl 4 Rad 11 so Emp d Al 2 33 Equit Oak 7 a ii in sir i Gosf a i Juji Kim Fin 5 Kan stat is 54 Quler 50 ked Mosul 3 40 ii rec lib fed pan of i tsar fed d str m cd 5 Fibre Pap fid p Fin 12 46 h a Job i full tool 19 Presto tit 23 first a st 10 49 Flint Kote s Floren st 12 Ign fit. P 4 i 24 49 it food Ilich 13 51 i Lllan 3 50 Ford hot 109 33a forum Dalr 43 13ii Ost wheel s3 r rept sul 21 Fig i j Fruth tra 60 do of 4 1.00 63 11% i 35u us. I fit it 11u 22% 22% j9vi 80 90 1 Niord Pap 10 Tuch let kill 12 h i d 1m 201. 28 10 d 3 us Brand 2 1 11 std Coll pm s 7h 754 Oil can 41 fi2k bid o ind 110 46 45k u no 196 1 60 std Oil of u 51" m4 3s 1 surr Al s 1sh Stan War 17 Starret u 3 69 65 Stalf cd 4 61 6211 Sterl drug is 31 to 31h up 21 20u War i 35s till b t f 1 17u 17h Itoku Van c 15i5 ton. A 43 41g Slorer bad t 23 stud pack 43 5h Sun chem la 12 1114 Sun Oil 7 73 Sunbeam 8 50 49 u sum a do 2 Sunah sup Oil Superior st _ _ Sutier Pap s 31k 1 co 2s 3lfi Sis Sylv Al pm is 37 Lynn Gould 13 1uk Fis 21 of 1 3l2 Ift 42 i Cal .911 1763 3l3 36w c sul 176 Tex ins 21 Tex p Cujko 26 a to 4 Tex Ipao by i 113u _ of Tex Mil 29 431 42s 42il la text Ron 25 ii 01. 4 23s 225 do of 1.16 the Mold 39 Thomp pm to Dewar Oil 30 14 in chem 16 23 n Eleo is 2s do of .40 71 in of Cal 51 Siun Pac 112 26 of 21 s tank c 9 25 twist d 1 2fi unit Airlen 43 21 unit arc 41 do of 83 19 s Holland p or m Lolly sue a Omeste Oil Hooker Al do or Ioctl up a 51 Rouseh Fin l Houst 4 Howe and 2? Hud a Ilan 9 Hunt 5 do of .10 Hupp up 56 of 2 Daho pm 3 Deal Cem a Iii Cem 33 111 put 6 Dopf u.04 .20 in Dps 7 if Al de a 13 in Iusi Ray 10 ing Hall h Inland st is inspire cop 11 inter chem i do of x 2.20 10 is i 7 35l 7 63 26ft to s6 is m p Aoh Sli ski .70s 70 .70s .70s 1.31 1.3011 december 1.34 november. 2.31 i january 2.36v 2.3511 March. 2.40 i 2.3ss May 2.111 july Cash Grain sales wheat no. 2 red Hart no. 3 hard 2.11. Civic Charity. De w Liisu i s to j White it so. Mutual funds new York a a to loot Assn. Dea in inc and Aff Lafater and am pus hrs am Mut and Asoo cd to atom Mut fun Uchoa fund ii Cly Folkl a Al ride Mut i in in a st in fund r in and t hrs to them fund fund com with inv pm web st cd f amp Pas cd Ptiip fund and seen re Ltd 3.co 3.79 1.42 4.77 3.43 Bifi Ash s.54 j0.7s 11.81 Cap Goth com Sik Kip Cyronics fully a rim my run 5 Mol or Bond up. Kinin b.6s re Stock s.45 steel f.25 crawl a ind hrs 14.39 3.75 t 10.47 a Mil hc7 4.0. 10.76 11.70 of. Hda 4.fll fms Boston 7.27 .7.91 ask Over the counter preferred a common Alpha Beta am express 39 am Hospital 38 am Marietta Atn pipe con Ampex corp maj Arr ten farms do of Ariz pub Arrow hear Pur Avon or Fri Banc Oil Jos Berkshire hath Bowater paper Bru swis drug Billock s inc Cal inter trl Cal Ore pow 25u Cal a tells Cal water five 39u 45_ 11 3ft Lucky stores 12 m4d store ii Macco corp 12u Macmillan put 3% 411 Market Basket Marlin Rockwell 19 j 21% w l Laxson Mission apply 3 Morrison Knud 30s it fuel sup 27-Tj Natl propane Nail st a ship 1711 nov null Gas 6h new ens n ind pub Sec l Pac a Tractive 5 Pac Wash nit go Weber show 30 Cal wat Tel manhat Bra cd Viise Caria it sup Oil 25 mass inv to 10.91 ill79 Clevelnd cuffs 20.73 22.41 in nip in 7.r.1 instil fund in 11.46 12.m Mut invest cd 2.g1 Mut shares 6.20 Mii Tual to s.45 9.2fi n at invers ser div pref silk income Slock growth end and can in in i insure and res and n i 10.21 s.s5 13.2ft, inv co Amer .60 l s.04 inv to Boston 14.m lft.13j Jurf Rafn chs f4 12.77 13.s1 John Stan 10.48 Nyca a no Csare Peoples sour 11.50 12.5sj Pella 4.s2 Palfe for Goth solos soffit Puritan fort s.fl5 6.43 a Cowra u Packard Bell 10% Luj Germante Cem in troupe Gas Pha Ostron 3 Plymouth rub porn Road 47v Pomona tile 8 Portland g a c portly a i 22 i port month st co am 33ii pub serv no 13 Pur a corp 20v, tile. Sup Walt 171rochester Tel prod 2 i Rockwell map 41 i 7.30 Ducommun met a cart 5a3 Oiin Bra left 29 31 in Royal Dulch is 10.34 20.01 i Lilly is 30.so 32.50 first boat corp s.s7 p Luor corp 12.49 13.00, p Oral Mart err vice be 10.37 11.31 coca cola la 24 j9.g51 Cohu electrics 9 13.13 14.251 Coleman eng w 8.91 9 79 Ccllins radio b 13.45 Colo inter m no Oil Gas do pad 30 -.4 13. 3.1s n. 9.76 1q.s5i do pad cons Orph toys 9.6iflf.t cons part 11 i f.3s Beers cons 4.12 Dell Taylor Isisney wait 42 33v, a mercy to 7 a in inter exp bid a is 12 h 14 7 g West Oil Flea 2u 2" West Precept a 14 wizard boats 2 Tuha con Gold 4u 4 insurance stocks general 267 cont ass acc 116 123 cont casualty s4 s7 fireman s fund Sou 03 firemen s ins 33 founders ins 17 20 Franklin life 66 general re ins 47 50 Glens Falls 28 Globe a pub 36 17 get american 30% 32 Hanover fire 34 Hartford fire 133 145 Home instr 36% 38 Lue ins a no 115 Lincoln Nat i 20s 217 Maryland Cas mass bonding 71 i shop in ii 61 u Sierra Pac per 22 i 23-1 to water 14 so Nevada porn 17h merch Fra National of left 73 North River 32% com Pac employers 17 Pacific Mutual in 11 pro Vicc Wash Paul 43 a Security title 17 i porn Kim Kam 4d 291 or i my h inv 76.00 , s.34 9.17 of do la in. Goth silk do inv fort fim. Dreyfus . I 9.m r4 k s 1 s j Viik a h 1 he Lull ii i flt to fail 13.2 .1 a to Rinji Pitary Mut of Marti n. In a a inn i in Gryth 4.ti 7r Ilo is i Kendra Mut til Frnnk tji pm 9r p.79 10.73 Mann i tin of per ti.27 Floii or inv a 1 16 Mel .1 indent Foj 14.3- i paper so Nevada pow 17h 10 do it to pad pm Novana Row Vij to Faure in 13 in Union Oak 25% 27 f spin give Enk go Oai Liis lil0 str Lonc i a lev 11.37 32.k2 temp Goth 14.41 Putnam Geo cd Ili so Liol Glann int Nur. Cd h.2s in Ninf Liinar 4 i scud Fler cd in .47.00 40.25 get West flan 4214 Corjuo Gulf inter Gas Fly Harvill corp 1 Hearst up Hvid 15s Lycon map 3% interstate Rake 22 13--1 Spur Ceil am she s.33 13.07 14.32 38.2.1 Strin rare cd 2s.3s 28.3s t Frt 1k30 can 20.00 22.00 7.ss inv a. 1s1 in i front and incline fund inc Mic fort i 2.7x .v., to i Wall Siim 3 71 Mut i .1 ii 3.43 tin pad inter Slnar Mir 11.4aijorrcni-.ru steel xer steel run of l 1h.2s Ken Dell 1 Keiit Lcuy i n f Ken god c t Oil Knowd san army Frary 7.62 12.51 map dlr Denra la ath Chih Tran Lanm 3ft 1.9 2u state Ster Llop Al Mir 3h Stuart co 2ca Suhn Gas serv 221 Suhn propane if i Summers Gyro i Fli tron ranch 191 a7li Tenn Gas Tran 29 i East trans 2x 3 Tex ill Nat Gas in fial Thomp Klohr go 21 Thror states i a i. Intr Fly nuns Iti-1, apr 1 1 t Nim mtr rup -1 Topp int to i i Ort pipe in Tii Viu 3-11-. A i Unilever loaf 07s no so Al 7si Ino 20 2 i Tith so Oil Iii 0-% Willty apply 1 i Van Camp 1pvyrlan a inc ten 9-% Warner a Fli 3 a Wurr ii 21 std Accident title Giliar Trissi 80 f Jar p ins 3rt 3 r 24 2 Kastkkbanks Hill ask Bankers Trust phase Manhan chem Corn Kex 47 cont 111 Chi bos first Chi 332 347 first Nat City 64 4 gun rant Trust 72 Irving twist 34 ,16 7h Man Fen Trust 4.1-1 i i Hanks ask to of ,17v. H i Bank of mfr 35 i7 i not Oalif of 31 i Calif la 45 4m.1 a null 46 50 m i Crocker Anfilo 27 1 it a hav first h 3.1 Sec to a Sav to i to 33 Val Nat Phoenix Sana air 13 and Goth 24 Amin Oil 20 Ance vat 34 Eck Cas 5 Era Way 4 up a 3 Fth 44 do it 2 i 01 West 4 3i i Oise a i Pncia t 27 i Click cot "3 of Lerler s Climax to 71 Cluel s 37 a cd a Lnla g in is 34 38 a s5 Iii a 39? 1% 19h m 63-Tj, 5 42 Interlake 25u int bus much 30 3u a 5 coast Fin ii 39 ii Otel 19 Mac lie 3 Siisi a Mulla 4 23" 12.20 it 137 of t .10 123 tin 6 44 1414 Anh Cpl 25 Aram pict 16 34 arks a 29 60 Ark rust 4 Armelee to 12 Vitino min s 3 i Caho Dycal 35 do of 9 24 Enick 4 do of x can Dix Enn Tex 43 6-Ji do of i 19 Enney pc 11 in Croatt 77 Enn Salt 3 .551 a 10 do of x 1.90 9nti do of x .10 93 Parr lot Psi Peoples Gas 2 40 Pepsi cola 31 petrol up 5 17-Li of coffer by 5 4 Pfizer 33 Phelps d -25 Pella Al 20 of i .20 of i .70 Elf 3 Phil 4 Ryk so Philco 47 do of x 1.00 Phillip mor s Hlll Van h 11 Hlll pet 139 Pill by Mills 3 Piper air 2 Pitney Eow 1 53 pit 9 22 Conconi 21 37 Forg s 17 w in .10 137 jilt jul 791 79.% i 46 i 30 14 94t1 4 k 2-m 23 21u in so vols 24 Jolt Ulusc 7 unit by 4 c 2 int Carbon 4 565 in Carr p b 2m anted up 13 7m Jolt Yeich i Jolt Al Coal 5 in t ii Etc 22 Jolt fruit 37 44 in Gaa up 20 32 in 1m l Jolt ind up 4. I Jolt shoe 12 3ss of .10 31 26 13 in pm c m 4 is us Borax is 4rr. Or .40 is for s 9 3314 is Gypsum 39 p .10 151 s Uoc it 30 s 71 s Endust us lines 22 26 Jim is 12 22 us a lewd 10 30-i us rub 50 41 40 do of i 1.2u 1-11 141 us shoe 4 21 21 do of 1 53 us Sterl 250 61 ns0tr ii unit st or 7s 77 in 16 i. In Cyc s a 371 in i to 2 331 univ pict "6 do of x .10 70 Utah pitl 7 Van Norm 4 Vanda up is Volt c sue 23 Vick chem 12 511 Vietch we Vij 27v Vacaro cd 19 20 0 of 1 100 34 to Verj by 19 do of 5 .io5i Vulcan Mut 4 Iii of 1 17 Waper Al t. 4ui 6 73u 15 15. Ward Bak 6 a i b Pic l warn Lam 20 60 i Wash Gas 2 30 i Vasli wat p 9 33 Ivay Wayne pump Well it up " Esa l do of s to cat ind s 12 w ,5 we cup 10 do b put .20 w a pulp s West air l 12 to Vest audio 15 West Mary 27 West Pac 3s West until 36 2su t s5 2 i 214 m ass tit Wii is a r7 it steel 8 it 14 25 Itta Oln co 28 6314 3 is 25i4 do b col Gas col Carh comb end n comi cred 27 come solv 41 come etl Condo Nast 3 mins 8 Cong ileum 30 con Copp 4 con Edla 55 con electro is con i ind 12 con foods 26 con k Gas 7 con ret st 15 in sum pm Yaj do of re Container 21 Conr Bak 4 cont can 12 do it ,60 do 2nd of 2 44 is i 39 i . H.4 Johns mar Jones Joy map 5- 6 6 1 35 35 26 62 Kaiser Al 50 pkg p4l.pl .10 92 Kane Sou 2 Viiu Kan pal 18 244 Kelley Uay 20 Kennicott 52 Kern c old 21 42 do or 7 Kimb Elk is Koppera 9 do of .10 Korvette 16 is 14 Kress shot 15 Laclede Gas 4 i 53 __52u say ir4 he of Hvamb Lehman 30 1 17 to Bess 43 2s so u 29 2s _ j2 .10 109 109 1iu 11 Al _ 43 43 7ii 7 -.4 55 53 i 53 Ujj _3 293s 2 39" -1 Coper 21 copy st Corn pm Cornell r Coral not Al Rosilen tet Colv inc Crane 25 i Mai 30 Lofe 31" tto Crescent in Crown co. Crown to or x Cruz. Nil m sh5.1? p j. 3.20 16 3 85 so 21 40 Cudahy pm 4 Cameo press 1 Curtis pub 70 Cir Las or 37r do a ass ii 8 33 j a 14 i 45 t 12 is 33 Rev m s 10 s a up i Eita ctr 2 b .10 so Dayton rub u Lecca Hec 20 17% or cars 3fi 29h to of 2snj Del i jew Al Nulta air a 10 20 a pen a to he is to Sll up 1e Vii Diu Lam Aik Unni Mai do of i int nirm str c seng Lvon Way 12 Pepper ome min 11 arc 22 s 1 10% 51k w 40 % .4 7 4 in in 30 .1 ii on 5 20 to 27 f h 1 10 la _. 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