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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 08, 1951
Page
21
A 1951 business outlook notes mixed signals for inflation and prices. Traders grow hopeful for earnings while inflation concerns persist. government price controls and supply issues influence industries from rubber to autos. Silver prices slip, and Congress ponders higher income taxes.
The silver anniversary reunion of the class of 1926 from Polytechnic High School will be held at University Hall in Lafayette Hotel Van Dyke. Jay Raycratt and Har ull Glasoe are cochairmen in charge of reservations. Harry J. Moore, 1926 vice principal and presently director of junior and senior high schools, will speak. Lillian Breed, Rye, Oliver and Russell Sprong, Polytechnic faculty, will attend.
NEW YORK, June 8. UP! Retail Trade in the week ended Wednesday showed no appreciable change from the preceding week amid dramatic department gate price wars in several cities. Dun & Bradstreet reported unchanged to 4 percent. Regional estimates varied from year ago: New England up 3, Midwest and Southwest up 3, West up 2, South and Pacific up 2, with slight gains in the Northeast. Consumer interest focused on housewares, lighting, fixtures and tableware online. Demand remained unchanged for floral arrangements, summer fruit preserves and Graperics.
Sacramento reports that California taxable retail sales in the first quarter of 1981 surpassed 5.17 billion dollars. Preliminary figures released by the State Board of Equalization show the volume edging past the three billion mark and exceeding prior estimates, with revised totals indicating substantial gains in the period.
Amendments to the marketing agreement regulate handling of lemons drawn in California and Arizona. The revisions permit inclusion of lemons exported to by‑products and provide for reaffirmation of the marketing order in line with federal rules. Approval cited as 93 percent of Temens produced in the two states. Effective June 12.
The Reconstruction Finance Corp. reduced tin sales to American industry by seven cents, bringing the price to 1.29 dollars. The RFC aims to pressure foreign buyers while undercutting Singapore market quotes, with prior cuts totaling 21 cents in recent months. the US price reflects transport costs from producing regions near Singapore.
At the Bayway refinery Standard Oil of New Jersey estimates for the first six months show earnings around 238,000,000 and a projected 87.86 per share. President of the company spoke to a large attendance at the annual meeting noting improved profits over last year and a $150,000,000 dividend indicator, with reported per share figures near 5.27.
Formosa marks the Dragon Boat Festival on the fifth day of the fifth moon with rice wrapped in palm leaves and wine. The celebration recalls the 2309 year old tale of poet Chu Yuan who drowned in the Milo River.
A summary list shows numerous building permits with contractor names and project details. Entries include Norman Meltzal alterations at 931 Gant, Enterprise Construction Co. alterations at Fourth Avenue, Thomas D. Jeffers patio at 688 Braston Ave, Bill Stroppe garage at 34M Spring Street, BR. Plex Life Homes contractor Edward Hy Mexican garage at 1536 Stanley Ave, Dodd & Co contractor acta Parker garage 391 Denver Richfield, Tide Wes garage apartment 11 Covins Ave, Richard Waite Augustean allirationy at 17 Atlantic Ave, W A Lochert association entries totaling varied sums.
Defense and prosecution clash over a confession allegedly made by Bierce after his arrest in the death of his wife in a hotel room. Experts differ on sanity, with psychiatrists testifying Bierce was sane, while others argue the confession is unreliable. trial judge will rule on admissibility as evidence.
A House appropriations committee approved 30,006,000 for California flood control for the coming year, cutting more than 6,000,000 from requests. Major reductions hit Folsom Dam to 3,000,000 from 6,985,000, with two smaller requests dropped entirely for Merced County channel work and Farmington Dam. Several reservoirs faced reductions, including Cherry Valley, Isabella, Los Angeles County, Pine Flat, San Antonio, and Whittier Narrows, while the San Diego River and Messe Bay project was funded as requested.
Piasecki Helicopter Co. spokesman in Morton said a weakness in a control system bracket on the company’s craft prompted the Navy to order a temporary grounding. He noted the information was reported to Washington and that grounding will continue until faulty devices are replaced.
In San Gabriel on June 8, Mrs. Jean Kleczewski 34 stalled her car at a crossing as a freight train bore down. She and her 12 year old father Walter Kaptur fled the vehicle. the train swung the car around into Rap tor, with the elder man not expected to survive.
Frederick C. Dumaine Jr., 48, succeeds his late father as president and board chairman of New Haven Railroad. Elected yesterday at a board meeting attended by 10 directors, the $500,000,000 line continues under family leadership following the father's death on May 27 at age 5.
Coast survey data from Long Beach Lifeguards show calm water and specific tides and temperatures. High tide 2:55 pm at 3.3 ft, low tide 7:30 am at 0 ft, rising again 6:14 pm. Water temperature listed as 3é with calm conditions.
Atlantic Oil Co will start the Delson No. 1 on the pump in Alamitos Heights area of the Seal Beach field today. The well, deepened by Morton and Dolley to 6833 feet, follows recent completions as operators monitor new developments in nearby fields and on other wells in the region.
New York date unnamed sources report major liquor firm National Distillers Products Corp and Panhandle Eastern Pipe Line Co plan a joint venture to form a new chemical industry concern. A large plant is expected to be built in Illinois along Panhandle’s pipeline to convert natural gas into petrol chemicals for widespread products.
Wade Bennett of Hollywood State Bank forecasts more production shifting to defense through 1953 with a possible civilian overproduction later. He spoke on Advertising During a Mobilized Economy at the Lafayette Hotel luncheon, urging ads to guide clients to government contracts and new advertising lines.
Sacramento lawmakers postponed a vote on a bill by the League of California Cities requiring residents in urban unincorporated areas to pay for county-provided services. Amendments by Assemblyman Julian Beck would let county supervisors levy special taxes if adopted, a change opposed by the County Supervisors Association. The measure, authored by Assemblyman A I Stewart, was sent for printing after two hours of debate so members could study the proposals before voting.
Dr Maynard Reynolds of Long Beach State College education and psychology becomes president of the new Long Beach chapter of Unitarian Service Committee Inc a nonsectarian humanitarian group. The chapter operates on a limited budget focusing on self help through aid such as medical missions to war torn countries with offices at Six Lime Ave. Membership welcomes anyone interested in humanitarian work with members including Dr Walter R Buerger Rae La Force George Wise Dr Robert Murray Pratt Dr Robert W Atoright and Andy Cortright.
Seventeen patients at Long Beach Veterans Hospital will receive high school diplomas at the Long Beach Unified School District adult commencement at 8 p.m. in Polytechnic High School auditorium. Hospital director Dr Ey Mc Edwards said the graduation caps a period of study under the educational therapy program. Patients include Mito P. Dubonitch, Loring J. Fowler, Bark L. Hern, John F. Katvaski, Glen E. Millett, Steve J. Pechac, Joseph G. Szabo, Maurice Zealand, Charles Krycee, Tony A. Martinez, Raymond Vallejo, George G. Nakamura, Robert Sanders, John V. Carlson, Marion O. Reiss, and John Bilo.
In Toledo Ohio on June 8 the SPEBSQSA two day championships drew forty selected quartets who prepared to perform their best close harmony barbershop numbers.
Sacramento June 3 The assembly transportation committee refused approval yesterday of a measure cutting by 35 percent the registration fees on ten light farm trucks. State motor vehicle department officials testified the state would lose about 400,000 yearly if the bill became effective.
SACRAMENTO June 8 Forty four kidnappers serving life terms with no parole could be eligible for release under a bill passed in the Senate yesterday The measure would modify the Lindbergh Law and allow parole for inmates some of whom have served up to 17 years subject to Adult Authority recommendation and approval.
Retired attorney still ill at his daughter and son in law's residence near Seal Beach at the Navy Ammunition and Net Depot. Nurse says condition unchanged. carpenter was moved from Seaside Hospital to his daughter's home last Monday and no visitors are allowed.
A long obituary column from Long Beach lists Francis Louis McPartlin and several others who died in Santa Barbara, Long Beach, and nearby areas. It notes their ages, origins, family survivors, church affiliations, and funeral arrangements at local chapels with interments planned in Calvary Cemetery and Westminster Memorial Park.
Local briefs report a rummage sale in Tioga at 1154 Fine Ave and several picnics including Mar Vista Chapter 51 percent CES at Houghton Park and Cass County iNeb at Bixby Park. Other items note a VFW Auxiliary food sale at Municipal Market to aid hospitalized veterans and obituaries for Mayme Wright Barnes and Walter A. Stortz with funeral details.
Temple Sinai conducts Shavuous observance with Friday evening and Sunday morning services led by Rabbi Shalom Ravetch. Confirmands Sandra Cotler Paul B Phillips Barbara Segal Lorraine Weiner perform Torah readings and Haftarah. A guard of honor. Barbara Lewis and Henrietta Becker take part in candle ceremony. Aaron Schultz and Mrs Jacob Herman oversee gifts and reception. Memorial prayers Monday at 9 15.
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