Trend of Stock Prices and Tax Bill Outlook
A week of market moves driven by Korea fears prompts cautious investing with a possible rally on neutral or good news. The House passes an excess profits tax bill offering 95 percent of a three year earnings average, with rates up to 75 percent and a 67 percent ceiling, subject to Senate action and international developments.
MENTIONED IN THIS ARTICLE
House
Senate
Tases
XYZ
Wie B
Rios
Ftates
Land Congress
Market outlook and war impact on property stocks analysis
A financial analysis notes that war and EPT shift affect markets with a 25 point drop in sessions. It asserts equity preference over cash, predicts higher 1951 GDP and national income, and sees 1951 as a two way street for earnings. The near term expects the Dow around 220, with containment near 224 to 249.
MENTIONED IN THIS ARTICLE
Nous
Ept
D.J
Briefing of News From Front in Korea Suspended
Tokyo dispatch reports General MacArthur suspended informative briefing sessions for war correspondents citing security and censorship. Lt General Sir Horace Robertson urged tighter censorship to protect U N forces and operations. officials say mimeographed handouts cover most information.
MENTIONED IN THIS ARTICLE
Korea
Tokyo
Der
Mac ‘Arthur
MacArthur
Sir Horace Robertson
Robertson
U.N
United Nations
Washington
Wise
M. P. Echols
Wife III Will Sue Mickey Rooney
Film actress Martha Vickers, 25, said she will sue Mickey Rooney for divorce after separating. They wed June 3, 1945, in Hollywood and share a son Fed born April 22. She seeks custody with Rooney facing a third divorce after previous marriages to Ava Gardner and Jane Rose.
MENTIONED IN THIS ARTICLE
Hollywood
Martha Vickers
Reid
Mickey Rooney
Miss Vickers
Fed
Rooney
Ava Gardner
Jay Hetty Jane Rose
Birmingham
Andrew CS Lyles
Ships Drop Chinabound Cargo Here
Largest cargo affected by the embargo on shipments to Hong Kong Macao and China, about 2000 tons, likely to be unloaded from the global liner President Harding at San Francisco. Danish freighter Tranquebar first to unload 60 tons of paral and 20 tons of baric acid. Customs said foreign ships stopping at an American port for fuel or cargo would be obliged to discharge any cargo consigned to Red China.
MENTIONED IN THIS ARTICLE
Hong Kong
Macao
Bad Chiina
President Harding
New York
Atlantic
American President Lines
San Francisco
Tranquebar
Red Chins
Transportation Club Honors Its Past Presidents
The Transportation Club honored its past presidents at the Lafayette Hotel with President C. F. Papin presiding. Ed Stubbs led ceremonies, presenting scrolls to Rahtert L. Allen James Sanders J Conter Art Byerly Joe Blackburn and Charles Meacham. absent were Ray Prebish Carl Wadsworth and William Wilkie. Dr Orville Cole spoke as president of the harbor branch of the Los Angeles County Medical Association.
MENTIONED IN THIS ARTICLE
C. F. Papin
Harborsportation Club
Lafayette Hotel
Harbor Area
Ed Stubbs
Rah Tert
L. Allen
James ©. Sanders
J. Conter
Art Byerly
Joe Blackburn
Charles Meacham
Ray Prebish
Carl Wadsworth
William Wilkie
Orville Cole
Harbor
Los Angeles County Medical Association
Jean Coppedge
Judge orders Irvine income tax records released in Pearson case
Federal Judge Leon Yankwich ruled in Los Angeles that Joseph Irvine’s income tax records must be produced for Drew Pearson’s lawyers in the $306,000 libel suit against Pearson. Irvine’s tax consultants refused to disclose returns. Irvine is to testify on income sources in Long Beach.
MENTIONED IN THIS ARTICLE
Leon Yankwich
Los Angeles
Joseph Irvine
Newse
Drew Pearson
Long Beach
Fret Towser
Pearson
W. L. Burt
Samuel Bassett
Peter Mahen
Irvine
Yankwick
Public Prayer Meet Tomorrow at First Methodist Church
A public prayer meeting is scheduled for tomorrow at 4 p.m. in First Methodist Church Long Beach. The event, called via telegram to area ministers, will feature congregational prayer and a litany for the United Nations and armed services with music from the organ and singing.
MENTIONED IN THIS ARTICLE
First Methodist Church
Long Beach
First Church
Willam Harrison Myers
Robert R. Washer
Will L. Collin
Reuben F. Pete
First Presbyterian Church
Ralph M. Grove
First United Presbyterian Church
Carl F. Ponstard
First Nazagrene Church
Paul J Hershey
Silverado Park
United Nations
Armed Services
Local Briefs Rummage Sale and Community Events
Rummage sale hosted Monday by Karie B Morgan Post American Legion and Auxiliary at Rummage Bar Fain Center 145 W Thita St. Parish cooked food sale after mass on the lawn of Holy Innocents Church 20th St and Pasadena Ave. Southern States Society of Long Beach to hold 6:30 p.m. covered dish supper Tuesday at 609 Cedar Ave. C D Works leads program. John Morrison former Long Beach City College art major will have sculpture for sale at USC Harris Hall annual fine arts auction noon to 5 p.m. Wormslay. Morrison is a senior in USC fine arts.
MENTIONED IN THIS ARTICLE
Karie B. Morgan Post
American Legion
Auxiliary
Rummage
Fain Center
W. Thita St
Women of Holy Innocents Parish
Mercan
20Th St
Pasadena Ave
Southern States Society of
Long Beach
Cedar Ave
C.D. Works
John Morrison
Long Beach City College
Harris Hall
University of Southern California
Wormslay
Uso
Three-wheel Car Driver Halted by California Patrol
MT Baker, 28, of 474% Guniry Ave, Newport Beach, drove a three wheel car at high speed with a brake drum spinning and sparks flying when California Highway Patrol halted him near the Arches overpass. Officers Zimmerman and Nuzuin reported they shot one tire to stop the vehicle and Baker was cited for reckless driving.
MENTIONED IN THIS ARTICLE
Univ
MT. Baker
Guniry Ave
California
Newport Beach
Baker
Ernest Zimmerman
John Nuzuin
California Highway Patrol
Arches
Beker
Whittier College Honors Student in Who's Who Listing
Thomas D. Wood of St Euelid Ave is among 17 Whittier College students named in the 1930-51 Who's Who Among Students in American Colleges and Universities. A Long Beach native and Polytechnic High School graduate, he is history major, senior, and plans to teach after graduation. He serves as Poet student body vice president and on the student executive council, and has held roles including vice president of Associated Men Students, president of the Orthogonian Society, sophomore representative to the Student Council, and recipient of the Prominent Poet award.
MENTIONED IN THIS ARTICLE
Thomas D. Wood
St Euelid Ave
Whittier College
Wood
Long Brach
Polytechnic High School
Bhody
Long Reach
Associated Men Students
Orthogonian Society
New York Firm Grants Year’s Pay as Christmas Bonus
N Y UAAK vee tl Co an investment firm distributes Christmas bonus checks totaling a full year’s pay. Employees with six years or more receive full year’s pay. those with one to six years get six months’ salary.
MENTIONED IN THIS ARTICLE
Yuaak. Vee. & Tl & Co
Week strong comeback in US business and industry
Weather improved and pre Christmas demand lifted production across steel, coal, auto and electric power, with output near peak levels. Dun and Bradstreet notes inflation risks from raw material price hikes and labor shortages, while carloadings, electric output, and heavy industry show steady rebounds despite snow and supply tensions.
MENTIONED IN THIS ARTICLE
York
Dun & Aradstreet
Psiness
Chicago
Whiskers
Associated Press
Indus
Mita
Ings Ars
Oil Field Industry Faces Steel Shortage Debate
The Independent Petroleum Association of America cites steel shortages threatening oil industry support for wartime preparedness. 230 independents report 26 percent of tubular steel bought outside regular channels. calls for industry government conference. General Petroleum reports progress drilling in Wilmington fields as a three day Interstate Oil Compact Committee meeting opens in Houston to address field tubular road regulations and 40 thousand wells planned next year.
MENTIONED IN THIS ARTICLE
Independent Petroleum Association of America
National Petroleum Council
Russell Brown
Association
Fie
Council
Prown
Interstate Oil Compact Committee
Houston
Commission
Officers Convicted in Corporals Deaths at Camp Campbell
Campbell Ky Dee or Two Camp Campbell Ky officers were found negligent homicide in the deaths of two corporals on an infiltration course. Capt John J Ballantine and 1st Lt Alfred Lempicky were convicted for the Oct 27 incident. A gun operator, Pvt John W O Brien, Philadelphia, helped cause the deaths of Cpl John R Sprankle of Pittsburgh and Cpl Lennard R Geron of Corning NY.
MENTIONED IN THIS ARTICLE
Game
Fife
Ohn
W. O O' Brien
Philap Aplphia
Cleverl
John R. Sprankle
Pittsburgh
Lennard R. Geron
Corning
Washington Post Critic Defended by Miss Truman
Washington Post critic Hume faced defense from Miss Truman amid remarks about President Truman. Reported letters on White House stationery describe temper in leadership, with some senators and Democrats viewing reactions as human, while others view it as inappropriate for a president under strain. Hume, noting the death of press secretary Charles Ross, suggests occasional outbursts may be understandable.
MENTIONED IN THIS ARTICLE
United States
Reynard Baruch
Etter
Hume
White House
Watkins
Utah
Congress
Andrew Jackson
Charles Ross
Truman
Governor Pledges Aid to New Traffic Safety Plan
SACRAMENTO December 9. California traffic safety leaders adopt sweeping recommendations. Governor Earl Warren pledges to implement as many as possible, urging careful driving during holidays. Proposals include raising speed from 40 to 50 mph, stricter license exams, stronger enforcement, and school safety courses.
MENTIONED IN THIS ARTICLE
Sacramento
L.ny
California
Earl Warren
Highway Patrol
Clifford Peterson
Squadron Leader Perishes in Crash Near Red Bluff
RED BLUFF Dec. 9 The body of Col George Prentice commander of the 25th All Weather Squadron at McCharn Field was found beside his fighter after a Mustang crash about 4 p m yesterday two miles northwest of here Parachiutied safely and walked six miles to a farm to report the crash Athas said Prentice ordered parachute but the aircraft canopy trapped his chute and he died without full rescue Others saw the canopy cover the cockpit after the crash
MENTIONED IN THIS ARTICLE
Red Bluff
George Prentice
Allweathny
McCharn Field
Here
Begum Road
William Athas
Farmhavar
Athas
Prentice
Concert Program by Municipal Band BATHE Warr
Concert program details for the Municipal Band BATHE include soloists, instruments, and selections such as My Garden by Arboret, and Memories of design Bertin arranged by Ledzen. The program lists Malm, Oh Pavaiie, Serenaide, and finishes with a finale involving Pac and Nehaneld caverty.
MENTIONED IN THIS ARTICLE
Municipal Band
Solnists
Saphone
Geabel Neorg
Conta Benes’ Mercadante
Rick
Rescue Ships Wait as Korea Battles Near Hamhung
A clash rages as rescue ships wait and commanders in Hamhung discuss mass withdrawal from Wonsan. The 60,000 man 10th Corps faces a tenuous overland escape route. UN forces pull back toward Seoul while a link up with encircled Americans near Hamhung proved premature. Marine units report driving enemy back and air fire, though Chinese forces hold strong from bunkers, as the fighting concentrates around Koto and Hamhung with British commandos and U.S. divisions in heavy combat.
MENTIONED IN THIS ARTICLE
Stine
Pacific
Hamhung
Wonsan
10Th Corps
Korea
United Nations Eighth Army
Seoul
Eighth Army
United Nations
8Th Army
United Press
Charles Moore
1St Marine Division
Koto
Hambung
U.S
U. S
China Reds Favor Early Truce In Korea War
A draft U N Security Council debate sees China and Russia pushing for a cease fire and withdrawal of foreign troops. Vishinsky presses two proposals while Rau meets Wu to discuss a buffer zone and a general cease-fire. Indian and Polish views frame the interpretation of Chinese volunteers as foreign troops.
MENTIONED IN THIS ARTICLE
Korea
Vishinsky
Peking
United States
Russia
China
Juliuss KatziSuchy
U. Nu
U. S
Fortunula
Benegal Rau
India
Wu Hsiu Chuan
U. N
Rau
Waldore- Astoria
New Delhi
FOINT
Gq-Nation
Far East
United Nations
Truman weighs emergency declaration amid Korean war losses
The article reports Truman weighing a U.S. emergency move as lawmakers cite undisclosed casualty figures and 119 U.S. aircraft lost in Korea. Sen. Cordon presses Marshall to testify on intelligence breakdown and whether MacArthur and staff knew the scale of Chinese Communist forces.
MENTIONED IN THIS ARTICLE
United States
Sen. Cordon
R.ore
Marshall
Cordon
Douglas MacArthur
Congress
One Killed Two Injured in Dallas Fires
In Dallas early today a fire killed Frank Harris aged 81 and left Finnis B. Mantooth 70 critically burned after attempting to light a kerosene stove. A second blaze injured Fireman C. J. Gay with second degree neck burns. it damaged a vacant three story warehouse and a nearby one story building.
MENTIONED IN THIS ARTICLE
Dallas
Frank Harris
Finnis
Mantooth
C. J. Gay
Latvian Families Meet First Time in Long Beach
Two Latvian families meet in Long Beach under Bethany Baptist and Calvary Church sponsorship. Mrs Olga Benkis, 31, displaced since six years, and her son Viestus, 14, arrived Sept 22. Her husband Arturs was killed earlier. The Keipans family, with 14-year-old Aldis, live nearby. Mrs Benkis, a graduate and former postal clerk, learns English and seeks work to become self supporting.
MENTIONED IN THIS ARTICLE
Bethany Baptist Committee
Benkis
Olga Benkis
Viestus
Long Beach
Bethany Bap
Arturs
Antons Keipans
Calvary
Europe
Presbyterian Church
Shad
Keipans
Civth
Aldis
Dff
Calvary Church
Ificult
R. C. Miller
Also Mentioned on This Page
Paul H. Margregor
ELF Wmntioe & Company
Aralver
H. de LA Chapelle Paine
Webber, Jackson & Curia
Transportation Club
N. Y
G. A. Phillips
Steel Supply
By Emmet F. Riordan
Ampricar Association of Terrariism Geologists
I Edison Auditorium
General Petroleum
Wilmington
G. P. Harker
Sunset
GPL
Acm
Hieam
TA Fe
Caim
Californie
Haverniae
Grand Junction
Rama City i
Mario A
Atlanta
Bakernrib
Indianapole
Kansas
Hankape
Boston
Cheyenne
Miami
Che Isanes
Detroit
Data City
Oman
Eingetatt
Worth
Washington Post
Miss Truman
Peiping
Long ‘Beach
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