Industry Summary Notes Record Oil Output and Regulators
York reports industrial production near record levels amid new government rules. Crude oil output hit a record weekly 6,069,800 barrels. rail and metal sectors show strength while packaging profit concerns persist. Stock market activity improves though taxes and costs weigh earnings. Wage controls and the 85 percent price-rule draw skepticism from business leaders. Government wage actions include a 5.0 cent per hour rail wage rise despite ceilings. Labor projections estimate 62.5 million jobs this summer. Store sales edge up overall with regional declines in MacArthur celebration areas.
MENTIONED IN THIS ARTICLE
York
New York Stock Exchange
Johnston
Fruman
A &Cents
Hart
Department of Labor
Gen. MacArthur
Stock Market Trend Shows Bullish Hopes and Risks
Analyzed week of stock prices highlights upbeat earnings from first quarter reports defying recent uncertainty. While rails may confirm a bull trend with improved railroad earnings, inflationary pressures and government spending could trigger scares and higher costs. Technical signals suggest sentiment may flip to excessive optimism, driven by low short interest and demand for inflation hedges.
Market Holds High Ground Amid Oil Industry Signals
By H de LA CHAPELL vine and firm Webber Jackson Cuctst, industrials yesterday withstood a slate of bad news as they rose to 252, after 242 and 246, continuing a pattern of rising resistance. The 259 to 262 target range seems near, with 250-245 Jewel forming a strong support zone. Rails appear bottomed at 81-79, with a test of 88-90 likely.
MENTIONED IN THIS ARTICLE
Terre Autlogi
Commodity Price Index Climbs
The Associated Press index of 35 major commodities edged up this week after holding steady last week. The index rose to 2102/1 from 210.05, with gains in industrials, food and grains, and cotton. Nonferrous metals held steady while livestock and textiles eased to a yearly low.
MENTIONED IN THIS ARTICLE
Associated Press
Chinese Guerrillas Raid Red Mainland Coast
Chinese Nationalist guerrillas amphibiously struck the coastal suburb of Yungkia near Wenchow. They seized Lungwang and Panshin Islands, landed across the bay, captured supply boats, took 50 tons of rice, and killed or wounded about 400 Communist troops.
MENTIONED IN THIS ARTICLE
Taipex
Formosa
Yungkia
Wenchow
Shanghai
China Union Press Agency
Lungwang
Panshin Islands
Yungjia
Scotch hijackers nab whisky cargo in Glasgow depot
In Glasgow on April 28 a WPA truck crashed into the Stob cross freight depot and loaded about $14,000 worth of whisky bound for the United States. Police recovered the vehicle, stolen from the government operated British road services, but the whisky was missing.
MENTIONED IN THIS ARTICLE
Glasgow
Scotland
WPA
Stobcross
United States
British Road Services
Cor
Reds Press Fifth Seoul Battle as U N Forces Withdraw
Chinese and North Korean troops push toward Seoul amid heavy combat. Lt Gen. Van Fleet signals possible broader withdrawal north of the Han River as U N casualties reach about 41,565 in six days of fighting. Weather slows advances and limits Allied air power but some missions continue.
MENTIONED IN THIS ARTICLE
Eighth Army
U. N
Chuchon
Korea
Eatit
United Nations
Red North Korea
James A. van Fleet
Seoul
Walkie Talkie Shrinks for Signal Corps Boosts Range
Camden M J GP reports Radio Corporation of America has streamlined the walkie talkie for the Signal Corps to half its former size and weight while doubling its range to five miles. The compact set weighs 24 pounds with batteries handset antennas and spare parts, while the transmitter and receiver unit weighs about nine pounds. The set uses compact electron tubes smaller than a cigarette and tiny coils transformers and resistors.
MENTIONED IN THIS ARTICLE
Camden
M. J. GP
Signal Corps
Radio Corporation of America
Cash-carry Dairy Hopes to Break Price on Milk
Selleville Ont starts a cash and carry dairy experiment with milk four to five cents cheaper than prevailing prices. George Graham, 31 year old farmer and dairy expert, will sell milk at 15 to 18 cents a quart. regular price is 20 to 22 cents. Graham emphasizes milk importance for children and affordability. He owns 260 Jersey and Ayrshire cows and has 25 years in dairy work.
MENTIONED IN THIS ARTICLE
Selleville
Ont
George Graham
Graham
Ayrshire
Clocks Parade As Daylight Saving Brings Busy Day
Clarence D. Collins, 79, of George's Mills New Hampshire, manages over 460 clocks in his colonial home. Tomorrow all clocks will be set forward one hour as daylight savings begins, creating a chorus of ticking and chiming that fills the house.
MENTIONED IN THIS ARTICLE
Eorge
Collins
Col
Gas blast injures twenty at Northwest State College dorm
A large gas storage tank exploded near Northwest State College in Arkansas City Mo injuring twenty girls and burning many as a three story dormitory burned. Firefighters fought the blaze for over three hours while police checked dorm residents and reported all accounted for.
MENTIONED IN THIS ARTICLE
Aryville
Northwest State College
Fred Ruffored
Youung
Roberta Steele
St. Joseph
Maxine Deshon
Stewartsville
Marylsa Anderson
Westboro
Maryville
Mountain Top Pilot Fined and Term Suspended
First Lt. John Hodgkin, from Selma California, landed a Piper Cub on Mount Rainier 14 408 feet high, violating federal park law. He was fined 350 dollars and given a six month suspended jail term, pending appeal, after spending a night atop the peak and being rescued by rangers.
MENTIONED IN THIS ARTICLE
Ongmire
MT. Rainier
Wach
Mount Rainier
U. S
Commissioner's Court
John
Hodgkin
Eral Park Law
Selma
Calif
Spanaway
Tacoma
Chile police alert against rioting amid May Day prep
In Santiago and Valparaiso authorities guarded against possible disturbances tied to a government ban on a utilities workers strike and Communist May Day plans. Police ordered power plant workers to return to work or face dismissal after a 400 worker walkout. White collar electric company workers joined in sympathy.
MENTIONED IN THIS ARTICLE
Cantiago
Chile
Gas and Electric Company
Strilers
Santiago
Valparaiso
Wortnes
Electric Company
Cey
Overseas oil problems prompt voluntary plan by U S firms
U S oil firms operating in the Middle East form an all committee to draft a plan exchanging and upgrading overseas facilities to avert supply shortages. Acheson expects Iran and Anglo Iranian Oil Co to resolve nationalization issues. General Petroleum drills Lost Hills One, plans more wells. Senate interior panel to act on offshore operation bill. Treasury suggests selective depletion tax changes.
MENTIONED IN THIS ARTICLE
Middle East
Petroleum Administration For Defense
Tov!smiment
Anglo-Iranian Oil Co
Abadan
Iran
Acheson
O31 Co
Treasury Department
Tides and Temperatures for Sunday April 29
Coastal report from Long Beach lifeguards lists sunrise at 5 07 a m sunset at 6 34 p m and moon events. Tides show high at 3 38 a m 4 5 ft and 5 45 p m 4 3 ft while low is 11 23 p m 1 9 ft. Water warm 55 degrees and surf calm per U S Coast and Geodetic Survey.
MENTIONED IN THIS ARTICLE
U. S. Coast and Geodatle Survey
Long Beach
U S Police Nab German Ball Bearings
FRANKFURT Germany April 28 American military police seized 11 tons of German made ball bearings at the German Czech border amid a crackdown on leakage of strategic materials to iron curtain countries. The hearings valued at 74007 dollars moved through Antwerp France and Switzerland before return transit.
MENTIONED IN THIS ARTICLE
Frankfurt
Germany
U. S
Detroit Bus Strike Bargaining Resumes
Detroit transit strike talks resumed as negotiators returned to work on April 28 seeking resolution of a wage dispute that left 3700 AFL operators idle. The union seeks an 84 cent hourly raise while the city offers 5 cents. base pay is about 1.67 dollars per hour.
MENTIONED IN THIS ARTICLE
Detroit
AFL
Vogeler Freed by Red Hungary at Heavy Price
Vogeler walked free from a 15 year spying sentence after 17 months in Hungarian custody. He left Budapest by American diplomatic car to Vienna, met by his wife Lucille and family, and spoke of innocence under pressure. The release accompanied U.S. concessions, including reopening Hungarian consulates and easing travel bans, amid a broader exchange tied to property restitution and the Mindszenty case.
MENTIONED IN THIS ARTICLE
Vienna
Lucille
Pls
Vogel Led
Vogeler
Mr. Vogeler
Dick Tracy
I. Edgar Hoover
Edgar Lawlers
Budapest
Eta
United States
New York
Cleveland
Hungary
Voice of America
Radio
Edgar Sanders
S. Sanders
Senders
Samme
Josef Cardinal
Sanders
Col
Grant Williams
It&t
Helsale Vogeler
Williams
Hungaria
St. Stefanus
U. S
Germany
Francis Cardinal Spellman
Cardinal Mindszenty
Grange Walter Fremont Grange 88 and service notes
Walter Fremont Grange 88, long illness death in Orange. Funeral Monday 2 p.m. at Hilgenfeld Chapel with service by Brown Cole. Surviving Rush J. Grange and Mrs. Wilbur Newton of Anaheim, plus brother Lyle Grange of Chicago.
MENTIONED IN THIS ARTICLE
Reetz
Fontana
Otto Reetz
S. Sierra Ave
Long Beach
Germany
Kaiser Steel Mill
Grace
Chapel of Veterans Administration Center
West Los Angelica
Veterans Come
Mattell’s Mortuary
Los Angeles
Mattelts Chapel
Isaac MacRae
First Congregational Church
Roosevelt Memorial Cemetery
Gardena
Rineer
Compton
Roy J. Rineer
Corlett Ave
Lancaster
Paramount Pipe Co
Gertrude
Mortell's Chapel
Veterans Administration Cemetery
West Los Angeles
Wheater
Louise E. Wheater
E. Louise St
Hunter Chapel
Carl Lawson
Crain
North Long Beach
Long Beach Naval Shipyard
Marie
Mattell’s Chapel
Robert Carroll
Temple City
Louis Strickler
LaVerne
Mottell's Chapel
Paul Carson
Students in India From Many Nations
Education Minister Abul Kalam Azad told parliament that nearly 730 foreign students study in Indian universities. The largest groups come from Ceylon with 210, British East Africa with 181, Burma 73, Iran 23, China 22, Malaya 41, Nepal 32, United Kingdom 31, Indonesia 13, United States 4, Tibet 3, West Indies 7, France 8, and one each from Egypt Russia and Germany.
MENTIONED IN THIS ARTICLE
NEW Ven
Abul Kalam Azad
Ceylon
British East Africa
Burma
Iran
China
Malaya
Nepal
United Kingdom
Indonesia
United States
Tibet
West Indies
France
Egypt
Russia
Germany
American Doctor Honored in Italy at Med Exhibition
In Turin Italy an American doctor joins three scholars to be honored by the University of Turin at the International Exhibition of Medicine and Art from May 29 to June. The honorees are Professor Alfred Blalock of Baltimore for heart surgery work Professor Rene Lariche of Paris and Professor Bernard Zondek of Jerusalem for pregnancy research.
MENTIONED IN THIS ARTICLE
Turin
Italy
Univerkity of
Hono Ored
Alfred Blalach
Baltimore
Rene Lariche
Paris
Bernard Zondek
University of Jerusalem
Tiny Kingdoms Air Force Buys Two Plane Recon Ships
KHATMANDU Nepal reports its tiny kingdom now owns an air force comprising two refurbished Douglas Dakotas (C-47) transports purchased from India for 105000 dollars. Previously Nepal relied on chartered planes from Indian airlines or the Indian government for external communications.
MENTIONED IN THIS ARTICLE
Khatmandu
Nepal
India
Indian Airlines
Retail Food Stores Chart Filing Postponed to May 30
Washington April 28 The Office of Price Stabilization postponed the deadline for retail food stores to file pricing charts from April 30 to May 30. Price Stabilizer Michael V. Di Salle said the extension gives merchants more time to comply with the new regulations.
MENTIONED IN THIS ARTICLE
Washington
Office of
Michael V. DiSalle
Ex-president Elected Senate President in Rome
Enrico de Nicola, former Italian head of state, was chosen today as president of the Senate in Rome. The appointment follows the death of Ivanoe Bono inato on April 20.
MENTIONED IN THIS ARTICLE
Rome
Enrico de Nicola
Italy
Senate
Ivanoe Bonomi
Nudist Hindu monks march nude in Delhi parade
In New Delhi a massive Hindu priests parade saw naked monks from the Naga sect lead the procession ahead of saffron robed sadhus. Police and Prime Minister Nehru opposed the nude march, while Nudist leaders urged world peace talks with leaders including President Truman and Stalin.
MENTIONED IN THIS ARTICLE
Delhi
India
Nehru
Swami Shentananda
Kashmir
Truroevnd
Stalin
Shivan Chida Nand Gir
Gil
Also Mentioned on This Page
By Richard Fiske
Dorgones
William Kurtz
Ee. F. Lluta & Co
Industria Int
H. de LA Chapell
Vine, Webber, Jackson & Cuctst
Abe Tom
Red Mainland
Tion
Kafyong
Kapyong
Reds
Trom
Ling
Mrs. Collins
James Lanigan
Framingham
Mass
Blaze
By Emmet F. Riordan
General Petroleum
Horse Creek
Julesburg
Rocky Mountains
G. P
Lost Hills
American Association of Oilwell Drilling Contractors
Fort Worth
American Institute of Mines and Metallurgical Engineers
Dallas
Trinity Universal
Continental
Signal Hill
Rocky Jordan
Frank Bartee
Golden Home
Wardlow No. 1
Wardlow Rd
Lewis Ave
Senate Interior Committee
Southern California
AL Airparla
Sandberg
San Pedro
Santa Barbara
Santa Monica
Pulver City
Cantro
Torrance Lowne
Over the Nation
L. Pre
R. I
Adtatone
Helens Santemmomes
Houston
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Aackraneille India
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A Buttity
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Risans Sa
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Oklahoma
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Dodge
Winston
Ey Paso
Ehilagedonia
Eureka
Bituaries
Ferndale, Wash
Coon Funeral Home
BCOTT
Santa Ana
Walter Scott
Hazzard Sr
Santa ‘Ana
Archie Scott
Robert Scott
Westminster
Elizabeth White
New Hampshire
Thomas Fay
Thomas Quiron
Maine
Leonard Ward
Connecticut
Patrick Prizio
Henry Brelje
Laurence Sands
Portland
Ore
Tiny Kingdom
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