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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jan 10, 1970
Page
16
Walt Disney Productions posts first quarter net income of 3.9 million dollars or 75 cents per common share for the 14 week period ending January 3, versus 2.332 million dollars or 50 cents for last year's 13 weeks. Fully diluted earnings reach 69 cents.
Parkhurst Retirement Residence at 9929 La Alameda St in Fountain Valley opens its grand ceremony. The 1 million facility in Los Angeles area features 82 carpeted guest rooms, hotel style amenities, two upstairs recreation rooms, one downstairs, a billiard room, card playing area, coin laundry, and maid service with three meals daily. A kitchen with 28 000 value and a separate bake kitchen enables residents to dine with guests. beauty shop barber shop and on request physical therapy are provided. The residence sits near a shopping center two banks a post office and library with a new golf course two blocks away and proximity to Huntington Beach Westminster Garden Grove Costa Mesa Newport Beach Santa Ana Leisure World and Seal Beach.
The Justice Department launches an antitrust inquiry into whether national real estate boards conspired to fix commission rates on property sales. Attorney General John N. Mitchell announces the probe and notes possible anti trust law violations amid recent rate increases. Assistant Attorney General Richard W. McLaren highlights concern over the situation.
Friden Division of The Singer Company Santa Ana unveils the 4300 Magnetic Data Recording System to lead in data origination. R J Campbell says it offers efficient economical keyboarding of magnetic tape data for scalable electronic data. H W Weiss notes strong sales support from the Long Beach office. The Justice Department filed a civil antitrust suit against Prince George's County Board of Realtors charging fixed commission rates and restrained competition citing listing service practices and a recent raise to 6 percent.
The Long Beach Chapter of the Society of Real Estate Appraisers will hold its monthly dinner meeting Wednesday at 7 p.m. at the Golden Sails Restaurant. Guest speaker Edward C Beall will discuss his architectural firm's broad experience with designing large and small buildings and complexes.
Glenn Mohler, owner of a Long Beach accounting firm, will address the North Long Beach Real Estate Club at an 8 a.m. meeting Thursday at the Park Pantry. Program chairman Mrs. Jinny Bemis said Mohler will discuss income taxes.
Washington reports HUD Assistant Secretary Samuel J. Simmons says blockbusting illegal since 1968 Civil Rights Act is rising in several cities. He urges homeowners to report incidents, notes HUD can investigate and can refer cases to Justice for action, stressing residents must not panic.
A 25,000 square foot addition to Lakewood Plaza Shopping Center at the northwest corner of Palo Verde and Spring Streets is nearly complete. The McDonald’s Restaurant is open and Lucky Market has been refurbished. The center features medium blue sandstone facades, dark red tile accents, and an extended canopy to create a shaded, attractive walk.
West Germany’s chemical sector accounted for 40 percent of all German industrial investment abroad in 1968, according to the Institute of German Industry. The report highlights the chemical industry as the dominant force in outward German investment.
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