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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jan 20, 1960
Page
1
LA.C. reports divergent stock indices from London, S&P, and AP, noting market weakness across three services. Analysts cite high rates drawing funds from common stock, rising prices with flat earnings, and cautious forecasts for 1959 despite expected production demand.
HOLDCROFT VA AP The fire-blackened wreckage of Capital Airlines Viscount yielded the last of 50 bodies Tuesday nearly 15 hours after the Chicago to Norfolk plane pancaked into a swampy ravine near here Rescue workers sifted through tangled debris in fog and rain as investigators sought clues about why the plane fell The Civil Aeronautics Board said the final body was recovered at 1 19 p m The victims included stewardesses and the crash pattern was described as unusual with bodies removed from the nose through the chute
Virgil C. Porter, 49, of 4580 Banner Dr., Bellflower, remained in critical condition at Long Beach Osteopathic Hospital after a fight Saturday near the Hula Hut in Bellflower. Deputies said Porter was knocked down by an unidentified customer, hit his head on the sidewalk, and later developed paralysis requiring surgery. His wife Alice, 55, reported the incident and officers later arrested Ton F. Athens, 45, on suspicion of assault with intent to cause great bodily harm.
Edison reveals a 44.35 million dollar addition to the Alamitos steam generating station near Long Beach to nearly double Unit 3’s capacity to 300000 kilowatts with construction slated this year if approved by the State Public Utilities Commission. The project aims to meet rapidly rising regional power demand, as peak loads are projected to reach 3,970,044 kilowatts by 1962.
February Herter Homer & Gardens surveys youth car ownership and its impact on academics sports and morals. Educators share opinions while findings highlight potential tradeoffs and benefits of freedom. Western edition of February Homes & Gardens promotes the discussion and related magazine offerings.
Soldiers with heavy machinery guarded the scene as crates were unloaded in Havana for a Soviet exhibit. Bystanders kept at a distance while most equipment had already been shown at a trade fair in Mexico City, with the rest arriving at month end.
Braniff Airways in Dallas reports 1959 net profit per share of 86 cents, up from 1.01 dollars in 1958. President Charles E. Beard notes earnings of 2,502 dollars and dividends paid per share totaling 6 cents for 1959, unchanged since 1954 when 50 cents was paid.
Advertisement lists Paul McCobb 49 inch round extending dining table now 69.95 and Paul McCobb walnut chairs with turquoise seat at 19.95 each. Also a seven piece dinette set in walnut with Bronzetone chairs priced at 97.50. Reg prices shown as 159.95, 34.95, and 139.95.
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