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Independent Long Beach Newspaper Archives Feb 10 1951, Page 27

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Independent Long Beach (Newspaper) - February 10, 1951, Long Beach, CaliforniaRails Jap Bonds Pace upswing by Elmer c. Walzer in ill 1 Ives finn Cal Bollor new York . Rail visual favourites ran up 1 to Morel there was Little in the news Toup a be unit Mills 36% up than 2 Points while special issues j Sway the Market. It continued and Industrial Rayon 69 up gained even More. Textiles were under domination of technical in Road issues set new highs for particularly Strong. Mercantile fluence according to Wall Street tire Firestone 91 up approached their 20-year High in Strong s an Active Stock Market session and oils. In the steels rubbers today. A Long list made new highs on of an Goodrich up and Good the Independent Pault 23 Long , Calif. Sot., . 10, v i w ,11 v. W j. In i 1 to to. Domiciled life insurance companies a up Alt to invest part of their assets in the upward movement. Just be-1 common stocks also was seen As a 40 up mercantile Alden 27 up 1% Montgomery Ward 73% up 1 annul v llmell1. Uu3l us uu1iui1uj1 Blu lab h1uu wus St net Gams ranged to More the close some of the steels highly favourable influence. 2 Points Over a Broad list. In the met realizing and fell off from the Market had to absorb a Sears Roebuck 55% up and Bond Market Jap Bonds soared 3 j their highs. Railroad issues on fair amount of profit taking be Wool Worth 45 up to 8 Points As traders anticipated average held Well although Nickel i fore closing time. Closing prices Gas 12214 a 1 unit Fri _ a peace treaty with the United plate and Illinois Central receded. States. Soybeans fell to 5% the list of new highs included cents in the Grain Market on talk such stocks As american Viscose of a Roll Back in this commodity. Boeing Bulova California pack wheat gained cent to cents ing distillers corp. Seagram included up and Panhandle Eastern Oil 410 up 5 pipeline 44 off 1. Texas Pacific land Trust 90 up 2 i miscellaneous Long Bell lion 44% up Continental lumber up Bulova 97% up 1u pure Oil 53% up watch 47% up u. S. Gypsum and hogs Rose 75 cents a Hundred Glidden Hercules powder lock Texas co. 92% up 1 i and 120 up 2 Rohm Haas 107 tra 2 weight. A Perl. Stool Roll heed Lukens steel Long Bell stocks added 1 to More than 2 lumber International Salt Mont Points to their recovery of the pre Gomery Ward Ohio Oil pure Oil Vious session. International Tele Rohm Haas Texas Pacific land phone american Power featured i Trust Union Carbide and Western in turnover. A Long list of Indi-1 Union. Standard Oil n. A up 1. Johnson Johnson 78% up steels Lukens 42 up and e. R. Squibb 41 up u. S. Steel 46 "2 unchanged and i Nickel plate 224 off 4 Bethlehem 57% unchanged. Nickel plate preferred 255 up 1 textile american Viscose. Southern 63% up and North 66% up american Woolen 45 Ern Pacific 36% up at a glance by United press stocks higher in moderate Trad ing. Bonds higher. U. S. Government Bonds unchanged in quiet trading. Curb stocks higher. Silver unchanged in new York at 90.16 cents a Fine ounce. Cotton futures trading suspended temporarily. Wheat ruled to cents a Bushel higher Corn to lower Oats lower to higher Rye unchanged to higher soybeans 4% to 5v6 lower and lard unchanged to 10 Points a Pound. Higher. Hogs Active steady to 50 cents higher sheep Active steady cattle steady to 25 cents lower bulls Strong. L. A. Livestock los Angeles. Feb. Cattle taxable 400. Fairly Active fully steady. Few Good and Low Choice fed yearling steers j33.50-35.50, Good and Low Choice fed heifers Utility cows 27, Odd commercial j27.50-29, canners and cutters 521-24. Few Good Light Stock steers scalable receipts for week 5350. Compared last Friday steers and cows 50 cents to higher beaters 25 to 50 cents. Instances higher. Other classes fully steady. Some stockers stronger. Four loads average to High Choice 1173-1186-ib. Ted steers 535.75-36. Bulk Good and Low Choice fed Stycn few commercial Down to s32. Good and Choice led heifers Utility and commercial cows ?24.50-28.65. Few with Young cows and few heifers Dairy Type cows to s2s. Canners and cutters Utility and commercial bulls medium and Good Stocker and feeder steers few Choice yearlings Good and Choice feeder heifers calves scalable 25. Steady. Few medium to Low Choice dealers s32-39.50. Common and medium Slaughter calves medium Stock calves scalable receipts for week 375. Compared last Friday fully steady. Medium to Choice dealers common to Good calves medium and Good Stock ers j31-33.50. Hogs scalable 200. Steady. Load Good and Choice 217-lb. Idaho few 264-lh. Truck los hid Odd medium and Good sows j17.50-19. Scalable receipts for week 3225. Compared last Friday 75 cents to higher. Good and Choice 75- jli5 ibs. Few lots 260 300 in. Including some medium but lighter weight. 314 in. 4m Job. Medium to Choice sows 19.50, Choice 302 in. 121. Good and Choice feeder pigs sheep scalable none. Nominal. Scalable receipts for week 50. Compared Cohen tax los Angeles policeman Jack Dinneen his wife Emma right and John Alexander Waer top a Las vegas Nevada gambling Casino dealer talk to . Atty. Ernest Tolin left prior to testifying in los Angeles before a special Federal grand jury investigating Gambler Mickey Cohen s income tax returns. Acme photo grand jury probing take1 of gamblers los Angeles . 9 the los Angeles Federal grand jury today began investigation of the incomes of Southern California underworld co Hen Jack Dragna so called Al Capone of Southern California and the Heads of the Sica mob Joe and feed Sica. The probe is the outgrowth of fragmentary information turned up by the Kefauver Senate investigating committee during a hearing in los Angeles a few months ago. Cohen Pudgy Gambler who has said he is sure he is going to be indicted because the word has gone out to get was the first to come under the jury s scrutiny. U. S. Atty. Ernest a. Tolin said that a tax evasion indictment also May be returned against Cohen s wife Lavonne. First witness to testify was John a. Waer who entered the jury room under heavy guard and who was spirited out the Back door later after two hours of what the government termed highly satisfactory testimony. Waer is a Las vegas dealer who Long was associated with Cohen. Before testifying he admitted hav ing been connected with a place in Burbank where Cohen report edly once backed a gambling House. Wael was followed by Jack Din neen. A retired los angles police Man and his wife Emma. Dinneen owned the Bungalow in which the reported gambling House operated. said he saw Cohen visit the place several times in a big automobile but never go inside. Bumper hopping 6-year-old Falls into Auto s path a game of hopping bumpers of passing automobiles ended seriously for Donald William Bush 6, of 927 e. 23rd St. The boy was taken to Seaside Hospital suffering a fractured right wrist and numerous Arm and head bruises after he was thrown from the rear bumper on which he was Riding into the path of a car driven by Morris l. Shoup 36, of 1918 Raymond ave., who was travelling West on Hill St. Near the Corner of Linden ave., police said. L a. Stocks los Angeles . 9 gains up to two and three quarters Points were registered to Day As 36 issues moved up in trading of shares on the los Angeles Stock Exchange. Seven were changed. Down and 18 in last Friday stronger on the few head Foj banding pet. _ few Good and Choice 150 in. Wooled Jamba Tew medium . Stocks new work . Stocks t. To. Anaconda Copper Atchison aviation corp. Bethlehem steel _ _ Chrysler Dupont de Nemours general electric general motors International Montgomery Ward Penn. R. _ _ radio Sears Roebuck Southern Pacific . Standard Oil Calif. U. S. Rubber u. S. Westinghouse electric Western Union closing .153 u 43 i ,.173 i 8 57% 77 a 90 54 "4 51 36% 73% 24 h 1874 58ft 46 4 37% Basin Oil Blue Diamond Bolsa Chica _ Broadway dept. Store. 11 Clary. 5% Colorado fuel it Iron com. 24 general motors 51% Hudson motors 1754 inter coast pet. ________.2.75 Kerm .______.__6514 Lockheed 40 Menasco Man _ 3h Mascot Northrup 14h Pacific Gas t electric. 33 4 Pacific 9 a Rexall drugs b4 Reserve 30 Seaboard finance Sinclair Oil 3814 signal Oil Gas . 7454 so. Calif. Edison ._____34% so. Cal. Edison 4.32 pet 2714 so. Cal. Pet._.__2214 Sun Bay Oil .__._. 2014 Sim Ray Oil b pm 34% tra Samerica Clow Chute 22 8 is to .20 14 14 it .05 14 01 to i u. S. Steel 46s 14 4 2% h insured savings save More and earn More with a federally chartered and supervised savings association where each account in insured up to i of Ltd Fey Row loth ant month Iain he 1st first Federal sayings 124 East first St. Or torn each phone 6-5235 obituaries services for Walter Frick 91, of 540 Walnut ave., who died thursday will be at 1 p. M. Mon Day in Patterson snively Chapel Rev. Robert b. Shattuck officiating. Interment will be in Sunnyside cemetery. Or. Frick was a retired Farmer and lived Here 33 years. Survivors include daughters Laura Hicks Long Beach Flor ence Westerberg Mill Valley and Frances Larson Lima Peru sons Lloyd w. And Forrest both of Bakersfield and Lester Arvin 14 grandchildren and eight great grandchildren. Services for Arthur b. Avery 59, of 437 e. 10th St., who died yesterday will be announced by Dilday mortuary. Or. Avery lived Here 21 years and was a used car dealer. Survivors include his widow Dow Jones new York . Range of Dow Jones Stock averages High Low close changes 30 lndstrls.255.58 253.08 254.24 20 rails ____90.r2 15 utile. 42.78 65 stocks 96.34 89.43 42.35 95.22 89.73 42.52 95.61 0.12 transactions in stocks used in averages today thursday had buy 356.900 industrials tails utilities 65 closing Bond averages 40 Bonds 103.50 10 higher Grade rails_____108.58 10 second Grade 99.53 10 Public utilities.___104.03 10 industrials .___101.86 0.05 Hazel daughters Barbara Hepler and Betty Ossen Long Beach Anc Patsy Yigneault san Diego brother w. H., Coldwater Kan. And seven grandchildren. Services for John Bennett 79 of 934 e. Sixth St., who died thursday will be at 2 p. M. Mon Day in b. W. Coon Chapel. Inter ment will be in Sunnyside Ceme Tery. Or. Bennett was a landscape Gardener for the City s Park department and lived Here 36 years. Survivors include Sisters Sally Sullivan Bellflower and Dollie rankins Durant okla. Dairy Market los Angeles . 9 Dairy Market changes live poultry hens Light Type under 4 ibs., 23-24 cents liens Light Type 4 ibs. And up 24 25 cents hens Cross 4% ibs. And up 26-28 cents. Private services for Charles a in Gershu 65, of 1940 Pine ave., who died thursday will be at 11 a. M. Today in Christensen Pino Chapel Rev. F. Augustus Martyr officiating. Interment will be in Sunnyside memorial Park. Or. Ingersoll was a tax consultant and lived Here 30 years. was a member of the Epis Copal Church. Survivors include his widow Ellen son George r., Santa Mon Ica daughters Helen m. Tarpley los Angeles and Isobel Goulet Long Beach and brother will funeral services for the late Joseph b. Sutter father of City councilman Lyman b. Sutter will be announced by Mottell s mortuary. The elder Sutter died in Florida recently. Hay Market los Angeles . 9 Hay Market unchanged. Services for mrs. Frankie Wei Brod 62, of 1144 e. Second St., who died wednesday will be at 2 p. M. Monday in Mottell s Chapel. Entombment will be in Angeles Abbey mausoleum. Mrs. Weisbrod lived Here 18 years. Survivors include her husband h. Earl and Sisters Lyda mum Ford and Ethel Martin of Tulsa and mrs. J. C. Smith and mrs. Wesley Graham Muskogee okla. Services for Moses Chupit 88, of 1223 e. Ocean blvd., who died thursday will be at 4 p. M. Mon Day in Mottell s Chapel Rev. Frederick m. Crane officiating. Interment will be in Denver. Or. Clampit was a retired rail Road conductor and lived Here 13 years. was a member of St. Luke r episcopal Church. Survivors include his widow Martha. Bids for transit shed to be called bids on a Clear Span 1208x200 foot transit shed for the Matson line terminal at Wilmington will be called late this month by the los Angeles Harbor commission. The facility will be similar to the shed at berths 6-7, Long Beach. Legal 45210 notice of intention to 8ell notice is hereby Given pursuant to the provisions of Section 3440 of the civil code of the state of California that Mary c. Mekeel. Aba Highway Market Vendor of 7119 w. Pacific coast Highway Long Beach 6, Cali fornia intends to sell to Catherine c. Williams Vendee of 1158 Banning blvd., Wilmington California All that certain personal property consisting generally of All Stock in Trade fix Tures equipment and Good will of a certain grocery business known As Highway Market located at 7h9 West Pacific coast Highway in the City of Long Beach 6, California and that the pull use Price thereof will be paid at o clock a. M. On the 21st Day of february 1951, at smart it final co., 815 Marine Avenue. Wilmington California county of Loi Angeles state of California. Dated february 6. 1951. Mary c. Mekeel Vendor Catherine c. _ Vendee smart final company escrow department 116 Marine Avenue Wilmington Calif. Pub. Feb. 10, 1961

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