Business and Industry Week in Review amid Korea Truce
The first week of the Korean truce left little imprint on the U.S. business picture as many firms kept momentum. Industrial output rose with plants reopening. July output fell 4 percent from June per the Fed. Steel rose two points. autos hit a January-July record, likely to ease in August. The stock market rallied after early weakness. Agricultural prices eased. Seaside market demand may rise with reopenings. Debates over Eisenhower’s debt request to Congress grew as the administration seeks 290.609 billion dollars. it argues higher debt won’t boost spending. Rail earnings outlook improved with a 22-month extension of temporary freight rate increases. Six-month earnings show 478 firms posting record profits, up 17 percent from last year. Electric energy use surged to an all-time high, driven by textiles, atomic power, and air conditioning. Industry leaders see little direct impact from the truce on production, with defense demand still a minority share. Admiral DeWitt C. Ramsey notes aircraft production at 1000-1100 monthly for the next year, far above 1950 levels.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Ike
Eisenhower
Congress
U. S. Treasury
Interstate Commerce Commission
H. DE LA Chapelle
Paine, Webber, Jackann & Curtis
Ept
Korea
Trend of Stock Prices for Past Week Analyzed
A 1954 market outlook notes minor impact from Korea truce signing. It cites two reasons: the lull is temporary and markets already priced in change. Predictions favor modest 1954 decline, possible earnings gains, and a strong consumer purchasing power if tax cuts pass.
Livestock Market Mixed Activity Slight Gains at Chicago
The Chicago livestock market showed mixed trends with cattle and sheep firmer on Tuesday while wholesale pork prices eased. Hog prices weakened due to softer pork wholesale costs as buyers sought price relief. calves, sows, and calves saw varied demand with prices fluctuating through the week.
Trip of Four Years Ends for Schooner California
The 72-foot three masted schooner California, which began a world cruise from Southern California on March 20, 1949 with six locals aboard, will make its last leg from Panama to home. Four crew members return in about six weeks, including Steele Watkins, Arthur Teets, William Ward Vickers, and Hel McCann, former service fliers.
MENTIONED IN THIS ARTICLE
California
Singapore
Long Beach
Associated Press
Arthur Teet
Santa Monica
Yvor Smitter
Pasadena
Hal McCann
William Ward Vickers
Panama
Jody Fitzgerald
Nelson McCready
Los Angeles
Ygor Smitter
Fasadena
Ceylon
Steele Watkyns
Watkyns
Arthur Teets
William Ward Vicke Sys
Hel McCann
Frey
Vickers and
McCann
Jotham Pl
Carson St
Vickers
Marines
Navy
Obituary notices from Long Beach area deaths
Multiple obituaries list Arthur D. Smith 38 of 74% American Ave in Los Angeles district with service today and Paradise Cemetery interment. Bird Magee 80 of 4319 Commonwealth Ave former Long Beach resident died. Jefferson Harris 56 of 2706 Frankel St Long Beach died in hospital with services Monday. Bernard Bud Low 38 of 2825 Adriatic Ave heart attack at Recreation Park golf links, WWII veteran, services Monday. Renaldo Gallardo Baca 80 of 4503 Goldfield Ave died Friday, rosary Sunday, Mass Monday, interment AH Souls Cemetery.
MENTIONED IN THIS ARTICLE
D. Magee
Commonwealth Ave
Long Beach
Flintridge
Robert Magee
Dell
Frank
James
Ray DeVore
Crippen
Verdugo City
Mountain View Cemetery
Altadena
Harris
Jefferson Jones Harris
Frankel St
Canton
Texas
Navy Shipyard
Lena
Howard
J. B
Bellstower
Delton
Edward
William of
Downey
Fisher
Henry D. Harris
White Funeral Homeichapel
Low
Bernard
Bud) Low
Adriatic Ave
Recreation Park
Stockton
Kan
State Farm Insurance Companies
First Christian Church
North Long Beach Lions Club
Marie
Richard Wayne
Judith Kay
St. Barnabas Church
AH Souls Cemetery
Navy reshuffles Bureau of Ships chief amid rumors
Rear Adm. Homer N. Wallin is relieved as chief of the Bureau of Ships and ordered to the Seattle Naval shipyard. Rear Adm. Wilson D. Leggett will take over the bureau. The Navy denied firing Wallin, calling it a routine transfer and noting Wallin resigned to go to Seattle at his own request. The move follows questions over procurment program approvals. In Sanford, Maine, a forest fire scorched six miles by two, with 600 firefighters battling the blaze. veteran fireman Corydon Goodwin, 66, was trapped in a stalled truck. Other blazes in Maine were minor and controlled.
MENTIONED IN THIS ARTICLE
Washington
Navy
Homer N. Wallin
Bureau of
Naval Shipyard
Seattle
Wilson D. Leggett
Secretary of Navy
Robert B. Anderson
Wallin
Washington Post
Anderson
Fost
General State- Sanford
Hernes
Maine
New Hampshire
Corydon Goodwin
Sanford
Slide Buries Tourists In Austrian Alps Tragedy
A landslide after a violent rainstorm buried a party of German tourists in the Alpe dil Leachidlec area of Austria, killing three women and seriously injuring a male member of the group. The incident occurred Friday near Bolzano Italy, with rescue teams rushing to the scene.
MENTIONED IN THIS ARTICLE
Bolzano
Italy
Austrian Alps
Austria
Two Teenage Climbers Die On Little Matterhorn Peak
Estes Park Colorado reports two teenage girls died during a Rocky Mountain National Park summit attempt on the Little Matterhorn. Kathryn Rees, 15, of Cheyenne Wyoming, and Sandra Milles, 17, of Park Ridge Illinois, fell about 50 feet as they neared Fern Lake Lodge. A companion reached for aid but both deaths were likely instantaneous.
MENTIONED IN THIS ARTICLE
Estes Park
Little Matterhorn
Rocky Mountain National Park
Kathryn Rees
Cheyenne
Wye
Sandra Milles
Park Ridge
J. Barton Herschier
Herschler
Rees
Miller
Gretchen DeGrost
LaGrange
Fern Lake Lodge
Smashup Kills Veep of Swift Packing Firm
Nathan Butler Swift vice president of Swift Co dies after a late night highway crash. His English sports car was rammed broadside by Seymour Gottlieb age 25 of LakesideMich on U S Highway 12 near 11 30 p m Swift died at St Anthony s Hospital Indianapolis He lived in Chicago with a summer home in Lakeside Survivors include widow Janet Herriott and two children Martha 18 Nathan 12 or 13 mother Mrs Alden Swift sisters Narcissa Swift King Lydia Swift Bowen of Lake Forest Ill.
MENTIONED IN THIS ARTICLE
St. Anthony's Hospital
Michigan City
Ind
Swift
Chicago
Lakeside
Mich
Gottlieb
Iormer
Janet Herriott
Martha
Nathan
Alden Swift
Narcissa Swift King
Lydia Swift Bowen
Lake Forest
Senate Approves Famine Relief Bill Abroad
The Senate approved a compromise bill authorizing up to 100 million dollars in surplus food to be sent overseas to relieve famine or emergencies. The measure follows House passage by 143 to 15, after a brief explanation by Senator Aiken.
MENTIONED IN THIS ARTICLE
Washington
Senate
Eisenhower
Sen. Aiken
R--Vt
House
New Attorney Opens Long Beach Offices
Clyde A. Jones a 1993 graduate of Pacific Coast University in Long Beach opens a law office at 314 Farmers and Merchants Building He was admitted to the state bar last week and will be associated with Atty J Mervill Lilley.
MENTIONED IN THIS ARTICLE
Clyde A. Jones
Pacific Coast University
Long Beach
Farmers and Merchants
Jones
Atty
J. Mervill Lilley
Rites for Local Resident Born in Kansas
29 Zane St. resident dies in local hospital after moving to Long Beach two years ago. Born in Baxter Springs Kansas she joined the Presbyterian Church. Survived by husband Karl Kain two sons Archie D. Kain and Howard A. Kain a daughter Mrs Iva N. Larson all of Long Beach Funeral arrangements are handled by Hunter Mortuary.
MENTIONED IN THIS ARTICLE
Zane St
Baxter Springs
Kan
Long Beach
Presbyterian Church
Karl Kain
Archie D. Kain
Long Heath
Howard A. Kain
Iva N. Larson
Hunter Mortusry
Sing Sing Convict Paroled to Enter Ministry
John Cacopardo, 43, imprisoned for second degree murder in 1987, was granted parole by Gov. Thomas E. Dewey after serving the minimum and will enter theological school this fall. He testified uncle Paul Petrillo of Philadelphia killed Mollie Storace for a letter about a slaying for hire. Cacopardo, who served as chaplain's secretary at Sing Sing, has an excellent record.
MENTIONED IN THIS ARTICLE
Albany
John Cacopards
Brooklyn
Mollie Storace
Paul Petrillo
Philadelphia
Cacopardo
Petrillo
Mollie
Thomas E. Dewey
Sing Sing
State Parole Board
Dewey
Caco- Pardo
Isthmian Line Officer Eugene T Sullivan Dies at 61
Requiem mass for Eugene T Sullivan 61 senior chief engineer Isthmian Steamship Co. will be at Holy Innocents Church Tuesday 9 a.m. Rosary at 8 p.m. Monday in Sheeler McFadyen chapel. He died in a Manila hospital July 12 after arriving aboard the Matson liner Hawaiian Wholesaler. Survived by wife Katherine two daughters Mrs Donald Winters and Mrs Nancy Gould both of Los Angeles and two granddaughters.
MENTIONED IN THIS ARTICLE
Eugene T Sullivan
Isthmian Steamship Co
Holy Innocents
Sheeler- McFadyen
Sullivan
Manila
Maton
Ithmian
Katharine
Donald Winters
Nancy Gould
Los Angeles
Unveiling at Weiss Monument Sunday
A monument to the late Louis M. Weiss, former restaurant operator, will be unveiled at 1 p.m. Sunday in Home of Peace Cemetery. Friends and relatives are invited to attend the ceremony.
MENTIONED IN THIS ARTICLE
Louis M. Weiss
Home of Peace Cemetery
Rain Dots U S But Texas Gets Only a Trace
National weather summary notes showers and thunderstorms across the nation while Texas received only a trace. Most storms occurred in the southern Great Lakes area and the northern central Rockies with scattered thundershowers in southeastern states. Milwaukee reports severe hail and a heavy rain rate late Friday night. Cedar City Utah records about 1.4 inches of rainfall as skies stay fair to partly cloudy and early temperatures linger in the 60s.
MENTIONED IN THIS ARTICLE
Associated Press
Texas Brouth
Great Lakes
Rockies
Milwaukee
Cedar City
Utah
Also Mentioned on This Page
Walter Breede JR
Boy-dones Industrials
Pauh
Wall Street
Benjamin Fairless
Reed
Ways and Means Committee
Geo
Mery
Shee
Barrows Anne Mua
Choler Tao
Hehls
Welgata
Lehter
Enis Eanners
Feneh-Hiate New Service
Salton
Totel
Fourie de Alehenta
Ramril
Maghe
Mrs. Bird
Smashup
Veep
Swift Packing Firm
Em Sheperd
West Alexander
John
Salem
Ohio
Sheperd
Pennsylvania Turnpike
Dick O'Shaughnessy
Lynwood
American Legion
Pete Bruner
Bruner
iStaff
E. J. Amar
Port of
Woodbury College
Amar
Isthmian Line
Weiss Monument
U.S
Baus Bengt
Norenn
Bingapore Garaube Ford
Vantura
Ang
Carpentena Rancouves
Continental
Tundeberg
York Horaun
Richmond
San Fran
Pecta
Ikr
Enteroe Bay
Esterq Boy
Siero Montreal Ae Sa
Pt Lyose
Port
Banta
Luis
Poat
Lan Francisco
Ean
Eregroemes
Raneg Dan Pranetico Bernieves
Sas Aco Billiton
Dutaon
Rminghem
Noone A Charies
Bigini Raticlano
Mor
BSE Aus
Gloriank iBr
Aus
Resen
Oavar Brug
Ran Artale
Feria Facog Pemeareiniseas
Nike
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