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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Oct 25, 1975
Page
22
Steelmakers look for a 15 million ton gain in shipments in 1976 but Industry Week says current orders do not show the hoped for upturn. Price hedging has disrupted order patterns and some buyers hold excess inventories as new business remains weak. Forecasts for fourth quarter orders or shipments have not been revised. November is seen as crucial.
Jack J. Ures is appointed manager of the downtown J C Penney store in Long Beach replacing Wayne C. Christenson who moves to Porterville. Ures, a native of Redding, formerly sales and merchandise manager at a Phoenix outlet, has risen through Penney ranks since 1956. He and his wife Joan Nowell have three children.
Gil Peterson of Home Savings & Loan said Lakewood will open its first skyscraper on December 8. The six story building stands 105 feet tall with 52 000 square feet and will house Home on the first two floors. Other floors are leasing as work continues.
Akron AP reports that Americans spent over 670 million dollars on gum in 1974 with Goodyear noting both small and large buyers chew pennies to dimes worth of gum. The article says Americans lead the world in gum consumption at about 175 pieces per person annually in varied shapes and flavors.
A 20 year plan for redistributing wealth through employee stock ownership plans grows in interest among corporate executives seeking cash. ESOPs allow employees to receive stock via a trust while firms borrow at lower costs, aided by tax law changes. Proponents like Louis Kelso tout expansion potential, but critics warn of hidden costs and mismatches for some firms.
Pertamina and Southern California Edison signed a ten year supply agreement for large volumes of low sulfur fuel oil starting January 1976. The deal, brokered by Lt. Gen. H. Ibnu Sutowo and William Seaman, aims to provide Edison customers with favorable costs and a stable source of premium fuel.
Southern California executives will attend the 33rd Merchants and Manufacturers Association management conference in Palm Springs for three days. The event opens with a reception and dinner and ends Wednesday with a general session on business credibility. A blue ribbon CEO panel will address government intervention, capital formation, living standards, environment, energy availability, and business-government relations.
A 90 page cooperative guide by chambers of Long Beach and 16 South Coast cities promotes the area as a viable economic sub region. It lists Artesia to Wilmington, details population growth 1 044 834 to 1 070 788, labor force and climate notes, and inventories 47 industrial sites plus city by city rosters. The cover features a DC10 and notes McDonnell Douglas as the area’s largest employer. Editorial oversight by George Economides. Ralph Hinman Jr.
Long Beach State University School of Business hosts an all day program on Commodity Futures and the new regulatory and legal environment. Speakers include Edwin Schreiber from Keltner and Schreiber Beverly Hills and G Brown former governor Edmund G Brown Jr. plus officials from the Commodity Futures Trading Commission. Registration closes Tuesday. Call 213 498-5348 for details.
A dense list of NASD prices and bids for securities including AmGuarFines AmHeritagef and many life insurers such as FranklinLife GenReinsur and St Paul Cos. Banking names appear with rates like Arizona Bank Western Banks Bank of America and City National. The fragment shows scattered percentages and prices, reflecting a busy over the counter quotations page.
A garbled page lists many investment trusts and funds with varied prices and values such as Keystone F Apollo ands Voyager, Rainbw, Reserve, Revere, Safec Eqt, Sigma, State BondGr, Div Fd, and United Funds. The snippet shows diverse net asset values and per-share figures, with several NL and missing data clusters. The exact instrument names and figures are incomplete due to OCR corruption.
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