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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Sep 09, 1958
Page
2
LA.C. argues investors expect a recession end, with corporations trimming costs and boosting efficiency. Stock prices rise while steel output improves, and inflation may rise slowly. Despite some plant cutbacks, many firms cut waste, raise selling efforts, and expect profits on lower volumes, with autos posing a temporary risk.
Property Owners of Long Beach blast Prop 4 a 60 million harbor bond plan linking 50 million for San Francisco Harbor and 10 million for state loans. They argue the dual proposal mocks local needs and would burden the state general fund if SF revenues cannot cover bonds. A separate item reports poll data favoring Democrat Claire Engle for U.S. Senate with gains across Southern California and the Bay Area as Engle opens a Long Beach HQ at 155 American Ave.
The Long Beach Chamber of Commerce opposes Prop 4 a 50 million dollar Port improvements bond arguing it would impose state wide obligations to underwrite port costs. Local officials including Maj Gen Derrill and M Daniel indicate mixed views on financing and site specifics for Nike missile installation and harbor upgrades.
Independent announces a Sunday edition published at sixth Street and Pine in Long Beach California. It lists entry as second class on March 27 1943 under supervision of Los Angeles County court detachment 41 Decree No 610280 and mentions mailing per month rates and delivery charges including 200 year 24.00 10 cents.
Long Beach and vicinity show night and morning low clouds and fog with mostly sunny days. Cooler with a low near 87. Southland beaches expect a high around 78. Mountain areas will be partly cloudy then sunny, interior and desert regions topping 100 to 110. Tropical disturbance with winds near center about 470 miles southwest of La Paz and a west of California low pressure system noted. Tides data provided with highs around 4.1 and 5.5 feet and lows about 0.9 feet. Water temperature 63. Sunrise 6 31 am. sunset 7 03 pm. moonrise 2 25 am. moonset 4 22 pm.
Former President Truman denounces California Secretary of State Frank Jordan for misquoting him in a published item about proposed state constitutional amendments. He asserts he never supported right to work laws and notes his Missouri stance, as Eleanor Roosevelt also denies FDR favored RTW. The controversy coincides with the debut of the National Council for Industrial Peace co chaired by Mrs. Roosevelt and Senator Lehman. The council aims to coordinate anti RTW efforts as ballot initiatives surface in six states including California and Ohio.
Promotional note for the Huntington Hotel Long Beach promises oceanfront access and two lobbies with private baths and carpeted halls. It touts daily aid service, dining room with ocean view, and weekly rates at $25.50 per person with meals. Public entrance to the dining room and breakfast offerings are advertised.
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