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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 16, 1952
Page
4
The piece analyzes how the steel strike and its settlement influence the economy and stock market through May to mid-1953. It notes inflation risks, rising production, stronger dividends, tax shifts under Mills Plan, tightening money, and cautious investor guidance ahead of the election with a bullish longer term view but near term volatility.
The livestock market showed active trading across cattle calves and hogs with price swings. Cattle and yearlings sold firm to higher on choice and prime types while cows and veal prices declined. sheep and lambs met robust demand with varied values, and breeding ewes and mixed lots moved around set ranges. Details include bids around 32 dollars for certain cattle, calves near 30, hogs around 39 to 50, and lambs near 51 with notable regional pricing differences.
Charter bus operators traveling to and from Long Beach without a permit face arrest. The Franchise Bureau will seek police and license inspector alerts, while Roesen Transportation of San Bernardino operated permitful busses in Long Beach in July. Each charter bus must pay 360 per year or 2 per day plus required passenger injury insurance.
Two robbers wearing red bandanas held up a market at 4232 Anaheim Street at 8 45 last night. They menaced seven employees with pistols and looted cash registers in the meat department delicatessen and grocery section before escaping in a car. Gerald L Speck 35 assistant manager reported the loss as undetermined. One bandit was about 22 years old five feet ten inches tall the other in his 30s about six feet tall. The short robber had a snub nosed pistol the taller a long barreled pistol. They entered from the parking lot and left the same way.
New York price index for wholesale commodities shows no change from last week at 285.39, with 1925=100 base. small gains in cod fish, livestock, textiles, and nonferrous metals offset by declines in industrials and grains, cotton, and other groups in the Associated Press index.
The AFL Southeast District Barbers Union Local 295 announced a hair cut raise to 1.50 for men and 1.25 for children effective Sept 2 in Compton Lynwood Bellflower Norwalk Paramount and nearby communities. Local 622 secretary Max Simmons said there are no plans to raise prices locally beyond that.
Two Long Beach bar tenders, Jack B. Choates and John F. Thomas, both 26, had their marijuana possession charges continued by Superior Judge Fred Miller to September 15. Bail set at 1500 dollars each, with both men denying possession as officers testified the marijuana was in their custody at arrest on June 3. Defender Attorney Albert C. Ramsey to represent them at trial.
A bandit armed with a trench knife and a 10 inch blade robbed a liquor store at 1272 Pine Ave at 10 25 last night taking 91 60 and a bottle of cognac. Attendant Henry C Simmons 42 was alone in the store when the hold up occurred. Dave C Henry of 10160 E 18th St entered during the robbery and attempted to buy items using cash from his pocket. The robber demanded the cash and declared I ll take that.
Mrs. Rose Elder of 1228 Cedar Ave waited 14 years for a repeat bloom of the cereus plant given by a Japanese neighbor. Thursday night around midnight the ivory white flower, 11 inches long and nine inches across, opened briefly and then faded away.
Governor Emerson suspends Warden John L. Ferguson for 60 days after a break by two dangerous convicts. Guard Roy Sweet also suspended 30 days for errors in judgment and carelessness linked to the incident at the Vermont State Prison.
Clarence Garles, business agent of Local No 172 of Long Beach, was chosen president of the California State Council of Lathers to fill the unexpired term of Lloyd Mashburn, who resigned to become State labor commissioner.
New York Aug 14 Recovery in the nation’s economy picked up this week with steel and textile sectors improving. Textile centers kept late shifts, Worth Street buying revived, and freight carloadings rose to 782,171. Electric power use climbed, steel production neared two million tons, and mills operated at 25.4 percent capacity. Steel costs lingered from a long strike. American Steel Institute noted a drop in seven month output, while American Locomotive warned of 500 layoffs Aug 29 due to steel shortages. Retail gains slight, department stores steadier, milk costs expected higher. stock trading slowed with a summer pullback but seen as a minor correction by many traders.
Mrs. Esther Penn Gregory of this city was installed to lead the 19th district of the American Legion Auxiliary in Veterans Memorial Building before 500 guests. The district spans Whit tier to Long Beach and Norwalk to El Segundo, the state’s largest.
Friends gathered at Mrs. J. Coyne’s patio to celebrate Cheryl Ann Cox’s third birthday. Games were played and Alive in Wonder cake and punch served. Attendees included Steve Delaney, Judy Coyne, Cheryl Coyne, Pamela Calessi, Patty Frazer, Jim Frazer, Denice Barnhart, Janice Walther, Debra Oliver, Jimmie Oliver, Jackie Cox, and the mothers of the children.
Plans for next summer abound as Miss Marilyn Hopkirk and David Emmet Koontz announce their engagement. The Hopkirk family of Los Angeles reports the future bridegroom, son of Mr and Mrs David Koontz of 3925 Falcon Ave, UCLA graduate, pursuing a master’s in science, and employed as a research engineer with an aircraft firm. The bride, also a UCLA graduate, was active in student government and music, a Gamma Phi Beta member and former College Ticktockers volunteer for the Charity League.
A week of varied events includes a surprise party for Terrol Rush hosted by his mother and relatives at 2251 Belmont, with ice cream and dancing in the garage. Family gatherings at the homes of W E Wallis and Rev Charles Eberson feature bridges, luncheons, and a Las Vegas wedding shower for Earl Hungaker and an Old Hitching Post Chapel ceremony. Notables from Moffett Field and Newark attend, with neighbors and friends from many households joining in.
Co workers in the Juvenile Bureau at City Hall hosted a coffee hour and reception for Miss Barbara Uhey, a six year stenographer, as she prepares to wed Lloyd Stillman Heglund. Gifts were presented by Joseph Kenrick and a staff shower followed at Mrs. Eaton’s home with dinner and a reading.
Paula Turner hosted a barbecue dinner Wednesday evening at her parents home, 210 Prospect Ave. The event featured games and dancing. Guests included Susan Rae, Rosa Lyn Baum, Susan Wytile, Patricia Braun, Dale Craig, Sally Sneed, Keith Martin, Frank Sneed, Bruce Strowbridge, Don Stutzman, John Levich, Billy Campbell and Larry Cole.
Villa Riviera Hotel headlines a social week with owner George Allen hosting dinner and cocktails. Attendees included Tom Howard, a Los Angeles attorney, and his wife, as they dined in the Riviera Room.
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