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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 27, 1951
Page
21
Earnings reports from 122 major firms show combined profits of 1.835 billion dollars for the first half of 1951, up 1.9 percent from the same period in 1950. Some industries such as container and packaging, airlines, aircraft, and oil beat last year, while motors utilities food building materials tobacco and steel lagged.
The Office of Price Stabilization orders gasoline price ceilings in the Los Angeles basin, including Long Beach, allowing retailers to add 4.5 cents per gallon above delivered price and rack ceiling margins of 2.5 cents below tank wagon price. Effective Tuesday, ceilings vary by shipment size, with safeguards for premium and third grade prices aligned to regular gaps.
New York July 27 Deputy reports show deposits of 529 mutual savings banks reached a record 20.297 billion dollars on June 30. Carl G. Freese, president of the National Association of Mutual Savings Banks and Connecticut Savings Bank official, said deposits rose 372 million dollars 1.9 percent in the first half of the year, below the 652 million 3.4 percent gain in the first half of 1950. The 12 month increase ended June 30 was 458 million, 2.3 percent.
New York daly reports General Motors Corp. records second quarter sales of 1.921 billion dollars and net income of 19 million dollars, 1.55 a share, down from 1.963 billion dollars in 1950 and 3.07 a share, as defense program requirements rise.
The SS Steel Artisan was picketed at Berth A1 Long Beach after arrival from the Atlantic coast while the SS Clearwater Victory faced picketing at Berth 90 San Pedro. Members of the Marine Engineers Beneficial Association picketed both vessels claiming the union contract expired July 15 and was not renewed, with local agent W H Buttram stating the facts.
A scan of over the counter securities shows varied six month figures across many firms including standard registers and mining concerns. Several named entities such as American Stove Co. and Union Pacific Railroad appear with six month figures and cents per share, while notes mention Ashland mining and transportation entities alongside multiple price points and months.
A church group argues dope traffic threatens the public school system and urges readers to honor Christ in public life. The convention nominates Rev. James H. Parrott for executive committee president as balloting continues. Chapman College figures prominently in morning sessions with talks by Dr. England and Chapman officials.
Long Beach Lifeguards report sunrise at 6 01 a m sunset 7 57 p m and moonrise 1 17 a m. Tides list high 8 33 a m 3 3 ft and 6 25 p m 5 2 ft low 1 32 a m 0 5 ft 12 m 3 6 ft. Water 64 surf condition cakim.
Market notes show alfalfa hay prices at 37 000 and 35.90 per unit with U.S. No. 2 quality strands listed. Details include pricing notes and grade identifiers such as F006 16.005, reflecting regional service figures and standard classifications.
Shell Oil reports tubing to finish Edison No 98 at 10300 ft in Ventura Ave. field while seven inch casing is cemented at two deep holes, Taylor 345 and 338. Irvine One No 44-166 in Orange County wildcat being cleaned with hole at 9823 ft. Northern Pacific No 1 in Montana shows potential production but operations paused to deepen horizon. Continental Oil overcomes a fishing job at Bixby No 62 in Seal Beach and seven inch casing to 8143 ft. Anaheim Community No 4 fishing at 226 ft. Three new producers on City Harbor Tract in Wilmington field include Richfield 169A yielding 540 bpd but curtailed to 260. W-127 upper terminal zone 120 bpd. W-183 tar zone 175 bpd. United Geophysical resumes seismic in Southern California offshore structures. General Petroleum advances Horse Creek 486-P No. in Julesburg Basin. Manderson Manor West in Big Horn Basin flowed 720 bpd last week and drilling ends at 7503 ft. Slick Creek 223-G completes at 10,633 ft awaiting test at 10596 ft. Santa Fe Springs No 2-C pumps 247 bpd from 4727 ft.
Franklin Thomas of Pasadena told a L B Masonic Club luncheon that Southern California can be fully supplied from the Colorado River if it receives its full entitlement. He warned against the Central Arizona Project, calling it a costly and politically driven scheme that would burden taxpayers nationwide.
The Municipal Band presents a Friday concert featuring a program by TiO 0 and SuLS 22 with soloists Jonaubtor Sitioey and Clarine Herman Tatarella. Includes Overture Unvercnrghtomen Litheow and Serenade sizilletta Blan Excerms, plus Victor Herbert pieces and a dancing finale. Commemorates the end of World War I with a late July finale.
Long Beach executives warn a rapid population increase requires more disposal pits for rubbish. County Sanitation District No. 3 may raise the tax rate by about 2 cents to fund pit acquisitions in Palos Verdes and Whittier Hills. City officials discussed the need at a luncheon, noting existing sewage lines can handle ground garbage but noncombustible waste remains a challenge. The district must set the rate by August 8.
City Auditor John R. Mansell reports fiscal year totals from penny meters at 2,628,300 pennies worth 26,283 dollars and 2,176.29 nickels totaling 108,814.50 across scent meters. He notes frequent use and 574 meter break-ins repaired at a cost of 4,307.16 dollars.
Former residents of Coon Rapids Iowa will gather tomorrow in Bixby Park for a picnic. Dinner will begin at p.m.
Captain Willis W. Bradley USN Retired spoke at Golden State Post 279 honoring Spanish American War veterans. Sheriff Eugene Biscailuz was invited but could not attend. The El Toro Marine Band played, an honor guard formed from Army Air Force Navy and Marine units, refreshments served, William Gale chaired arrangements.
Albert Wildt, 16, of 1740 E 33rd St, dislocated his right shoulder in a collision between his bicycle and a car on Atlantic Ave near Artesia St. Harold L. Wold, 35, of South Gate, was the driver. Wold was turning into a drive in restaurant when the crash occurred and Wildt was taken to Seaside Hospital for treatment.
A 10 year old boy Wayne Pleas vance suffered possible rib fractures in a fall from a diving board at Colorado Lagoon. Lifeguards gave first aid and he was taken to Community Hospital. Police said he landed on the pavement of the float below the diving board.
Ringling Bros. and Barnum & Bailey Combined Circus seeks a date at Veterans Memorial Stadium. City officials say representatives are trying to schedule a time that avoids conflicts with other events.
Alvin Shaw and Melvin Simpson doing business as Pemco at 7278 Sunset Blvd Los Angeles were cleared of charges in Lakewood for contracting without a license Judge Roberta Butzbach of the Signal Hill Justice Court granted a defense motion for dismissal due to insufficient evidence The defense attorney N P Eads filed the motion at the close of the state’s evidence Shaw and Simpson were alleged to have installed weather stripping without a contractor license at a residence on January 13 at 5216 Semborn St owned by J D McKercher
Police seek a couple linked to a pigeon drop swindle that victimized Mary F. Stewart, 25, of 1017 Paragon Ct San Pedro. She gave $85 to a man after a promise to share a purse of money he would retrieve, then he vanished from work when he supposedly returned.
Danny Eugene Bostwick, a fourth generation Californian, arrived yesterday at St Marys Hospital and was reported pleased with conditions. He is the son of Joseph LeRoy Bostwick and Anita Fay Frank. The parents reside at 22 Orizaba Avenue and 935 Molino Avenue.
Port officials led by Harbor Engineer R R Shoemaker say seepage into the dying area near the harbor could be reduced by sinking hundreds of shallow wells, funded by property owners with initial costs borne by the Harbor Department. The plan estimates about 400000 dollars for well-point and maintenance work, and the administration building may need raising by one story as flooding from high tides affects the area.
Riverside July 27. Lawrence J. Walker a 20 year old Negro Air Force sergeant on trial for the March 26 murder of Doris and Richard Cook is described as quiet and peace loving by Capt John B Mason his squadron commander who testified as a character witness. Walker's attorney Branson plans to call two more witnesses including autopsy surgeon Dr C F Bassinger. The judge is to decide if the jury may visit the crime scene at the desert road location.
The July joint meeting of the Long Beach and Los Angeles Organists Breakfast Clubs will be held tomorrow at noon at Furst's Dinner House 701 E Ocean Blvd hosted by Frank Hurst. Open to the public members will perform organ music and a special breakfast is available. George Newell leads the Long Beach club with Jimmie Means as secretary.
In the 11th Naval District the Volunteer Reserve Dental Unit of Los Angeles won the Merit Trophy for general excellence, besting 175 units for the second year. Rear Adm. Wilder D. Baker will present the trophy at a 7:30 p.m. dimmer tomorrow at Allen Center, Long Beach Naval Station.
A 84 foot ketch sails from the harbor for Honolulu today bearing Richard K. Smith, former Navy lieutenant, and his sister Miss Rachel Smith. The ultimate destination for the crew is Wellington, New Zealand.
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