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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 08, 1948
Page
7
Long Beach building permits last month rose 30 percent above May of last year driven by commercial construction. One family dwelling permits averaged 6136 while costs rise about five percent nationwide. Total permits rose, with multi family and single family units shifting patterns amid higher prices and ongoing housing demand.
National crude production hits an all time high averaging 3 473 645 barrels daily with Texas contributing the majority of the gain at 2 446 500 barrels daily last week The Oil and Gas Journal notes California and other fields also rise while new wells are listed in Wilmington Seal Beach and Long Beach in California.
Livestock buyers in Los Angeles and regional markets report steady to higher prices with top steers reaching the mid twenties and lambs selling near 32.00 to 37.00. Cows, bulls and vealers varied by grade, with strong demand for good to choice cattle and increasing woolly sheep values in the latest sale summaries.
The Standard Oil operation reports spot-coring at Lomita Land and Water No 1 in the Sunset marsh after running electric log. Depth reached 756 feet as records note. Herley and Kelley likely will abandon the Title Insurance and Trust No 1 well in the Athens section, taken over from another operator.
June 8 market note reports wholesale and retail price levels for eggs and poultry. Grade B eggs and chicken varieties show modest adjustments, with carton prices and fob figures noted for dealers and retailers.
CHICAGO June grain session shows wheat weaker while corn and oats edge higher under pressure from supplies. Soybeans rise on reports of soy flour demand for Army use, with prices unsettled but soybeans near 4.34 to 4.40 per bushel and oats up around 9 to 9 1/2 cents.
Washington June 8 UP Soft coal operators asked for 24 hours to discuss a possible contract offer to John L. Lewis. Negotiations were postponed to tomorrow at 1 p m while a private shuttle at the Statler Hotel considered proposals to the United Mine Workers.
Long Beach Chamber of Commerce directors urged periodic audits of city finances by a recognized outside firm. They said large businesses follow this practice and noted the city government is the community’s largest business. The recommendation was not a rebuke of any official.
Richard Seage asked the Harbor Commission in a letter yesterday to allow amphi bian sightseeing planes to operate from the east beach flood control channel harbor area. The request was referred to Port Manager E. J. Amar while current concessions include a sightseeing boat and a night club boat.
Long Beach Chamber of Commerce directors oppose federal science foundation creation. They criticize two Congress bills as vague in purpose and unattractive to capable scientists.
The San Joaquin Associated Telephone Co. asks the State Public Utilities Commission for higher rates. The request covers Reedley Fowler Lindsay and adjacent exchanges.
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