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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 12, 1948
Page
22
Foreign-flag passenger liners have surged this summer with eastbound ships near full, while westbound traffic remains strong through September. British autos flood U S markets via Austin and Ford plants, as American cotton mills seek quality quotas to protect domestic fabrics from European competition.
U S Gypsum Company declares an extra dividend of 1.50 and a regular quarterly dividend of .75 per share on common stock, with record date set in October. The memo lists other companies paying various dividends and record dates including Honolulu, Tex Gulf Prod, Co Refrig, and Gulf States Util with multiple payments and dates.
Chicago sellers reported mixed results with hogs steady to higher for heavyweights and sows, while lighter hogs were steady. Cattle showed strength in high grade steers and yearlings but cows weak, vealers up to 40, and receipts totaling roughly 9,000 head across hogs cattle calves and sheep.
The page lists numerous stocks and prices across the New York Stock Exchange, highlighting percentages changes and values for companies such as Allied, Am Cable, AmEx, Ford, General Electric, and others. It notes total sales today around 1.31 million and compares to prior days and year-ago figures.
Unclear OCR notes reference Fimbel Bros and a New York curb transaction dated November 19 with a 11 19 percent detail. No full names or locations are clearly readable.
Foreign exchange figures show the UK pound steady with tiny moves and several European currencies posting mixed results. Britain’s 60 day futures hover near 4.02 percent with minimal change, while Argentina and Brazil show small shifts in their dollar equivalents.
Prices listed for eggs and poultry components include Small Grade A eggs at 60, and various wholesale figures. The item shows retail and carrier considerations with terms like hauling costs and market cartons, reflecting period price structures and distribution steps.
The report shows dated figures for August 10 1948 and 1947 with receipts totaling several hundred million dollars and expenditures over one billion dollars. It notes specific lines for governmental accounts and counting expenses, including miscellaneous totals and adjustments.
Market notes show prices at 63.008 and 35.00, with no changes in May. Buyers and sellers steadied on available hay, awaiting further farm demand signals.
Atlas Corp reports June 30 net assets per share at 30.60 with 1,994,000 shares outstanding versus 31.77 and 3,020,660 shares for the prior period. The six month figures show 2,090,088 assets per share and 30 for the six months, against 44,842 in the prior period.
The report shows six months of operation for Drug Stores Inc and Maree, with income tax figures for 1948 and 1947. Net profit after tax appears as 488,195 in 1948 and 256,408 in 1947. Beneficial Industrial Loan Corp and subsidiaries report six months results with per share data. National Maninson Far Corp lists six months earnings and related figures.
The article lists bond sale amounts in thousands and percentages for various issuers and markets, featuring figures like West Union and Belgium as well as generic 4s and 3s notes. It references rates, totals, and multiple entities amid a dense OCR readout, with unclear dates and many fragmented lines.
The column lists several insurers and related firms with limited price data and percentage changes. Entries include Aetna Fire, American Eauit, Amer In Newark, Founders Fire, Great American, North River Provid, Massachusetts, Boston Ed, Berkshire Fine S, LA Transit Lines, Nu-Enamel, and Pac-Airmotive with small percentage figures beside each name indicating market activity.
A fragmented OCR listing shows multiple investment trusts and fund figures, including names like Affil F Inc and Nat-wide Bal Fd, with various share prices and totals such as 3.99 4.36 and 13.39 14.38, alongside notes of fund names and dates.
El Centro pioneer Mrs. Katherine Rowe, age 104, planned to resume travels after a belated birthday party in North Hollywood. Her cake was prepared by baker Jack Lindeman, a longtime friend who has baked for her since age 99, as she continues traveling through western states.
Two New York Army privates were sentenced by a general court martial for robbing a Japanese citizen of 9500 yen and firing on soldiers who tried to arrest them. Pvt. Ralph Curcio of New York City received 15 years. Pvt. Daniel T. Dorsa of Yonkers 10 years.
New York August 12 stock market drifted with little change as gains edged losses late. Volume looked around 600000 shares. trading paused awaiting a clue from stock averages amid fears of Russia related war measures and renewed demand for government issues.
Los Angeles By-products Co. will not contest rubbish dumping at two sites due to city disposal woes. The firm will not sort or challenge rubbish at two privately owned locations while awaiting a permanent disposal site, as City Manager Carl B Wirsching noted. The contract allows sorting at Mount Paramount site, now filled, with waste moved to three other sites.
Recreation Commission action may raise lawn bowling fees from $1 to $1.50 monthly to cover higher maintenance costs. Jack Rose, caretaker of the bowling green, asked for $225 monthly but currently receives $180. The commission directed its policy committee to study advisability and authorized directors to negotiate with Rose.
The City Council agreed to lease two acres of city land north east of the new Long Beach General Hospital to the county for five years for a consideration of $1 per year. The county will use war surplus buildings on the site as hospital buildings, though ownership of the structures stays with the city. The city obtained the buildings from the Army.
The Associated Press weighted wholesale price index of 35 commodities fell to 188.32. Compare: prior day 188.71, week ago 189.27, month ago 189.57, and year ago 187.74. The totals average equals 100.
Citrus market updates from Los Angeles on August 12 show steady orange prices. Lemons and grapefruit weakened locally with standard box rates around four to five dollars and fancy packed boxes between five and six dollars. Local grapefruit boxes range from four to four fifty for 54 to 70 count and down to three fifty for 80 count.
President Truman announced that Cuban President-elect Carlos Prio Socarras will visit Washington in late November as a guest of the White House. He and his wife will be hosted by President and Mrs. Truman before Prio’s October 10 inauguration in Cuba.
Grain prices rose on the Chicago Board of Trade as September futures led with gains around one cent or more. Wheat climbed aided by government reports on milling demand. corn, oats, rye and soybeans also advanced with modest gains. Cash grain prices in Chicago showed mixed values across wheat, corn, oats, barley, and soybeans.
Cotton prices were irregular in slow New York trading as traders waited for clearer signals on spot demand and exports. Nearby deliveries stayed steady due to light but persistent mill buying and short covering amid scattered liquidation. Futures ended higher by about a half cent to one cent per bale with active July consumption estimated at 815,009 bales versus June and a year-ago July.
Boyd Blake of Manhattan Beach told Judge Charles D. Wallace he had a license but dated 1917. The judge noted its age as Blake produced a brand new license after paying a $2 fine for the citation.
Eight to ten men in a police uniform led robbers looted a Royal Bank of Canada branch in midtown Havana. They herded 18 inside the rear room, took $562,000, and exited after about 30 minutes without a shot fired. Branch staff and customers were uninjured.
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