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Long Beach Press Telegram in Long Beach, California

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This newspaper page contains 21 articles. Subscribers can read the full text of each article.

Newspaper

Long Beach Press Telegram

Location

Long Beach, California, United States of America

Date

Jun 10, 1950

Page

5

Record auto output and stock market lift dominate week

New York June 26 The business and industrial week showed sustained high activity with a record automotive output of 200,660 vehicles and a buoyant stock market driven by a General Motors stock split. Retail trade rose on good shopping weather while vacation items sold briskly and copper and steel prices advanced.

G. A. Phillips New York Porterhouse Associated Press General Motors Corp Canada

Trend of Stock Prices for Past Week Analyzed

The article notes industrial averages reach new highs since mid-June 1949 with no reaction penetrating prior lows. It cites monthly lows, forecasts August retracement, GM's rise offsetting declines, bond market weakness due to Fed actions, and debt and spending indicators remaining bullish despite flat overall prices.

General Motors Drives Market Outlook In 1920s Letter

Paul H. MacGREGOR analyzes General Motors impact on the market. He notes the stock split reversal of a downtrend, rails lag as a concern, but argues the long term bull market persists. He suggests cautious buying, awaiting a 4 or 5 point drop from the top.

General Motor’s G. M General Motors Wor

Machinery boosts farmers amid poor spring weather

June crop report from the Agriculture Department notes that machinery helped farmers plant corn, soybeans, and other crops despite a delayed spring. Production prospects match the high average of the past decade, with harvest likely only about 6 percent below last year. Wheat output is seen at 945 million bushels, below the 10-year average, while rye, oats, and barley rise, and fruit crops lag. A 450 million bushel reserve could cover shortfalls.

Washington Agriculture Department

Construction boom in West with May permits up 54.8 percent

Portland data show Western states surged in May 1950 as 252 cities and counties issued 36 percent more building permits than May 1949. Total value reached 251 million dollars, a 54.8 percent rise from 162.9 million a year earlier, led by Los Angeles City and County.

Portland Ore Western Building Los Angeles Angeles Denver Berne

Commodity Index Shows Price List

New York June 10 The Associated Press index of 35 wholesale commodity groups rose to the highest level since January 29 1949. The overall index stood at 171.79 up from 169.59 four weeks earlier and 154.22 two years ago. Industrial food grains cotton and nonferrous metals reached new 1950 highs with livestock advancing and textiles posting a small decline.

New York Associated Press

Grain Market Review Sees Mixed Live Stock and Feed Prices

Market notes show a week over week and yearly comparison for corn rye and pork futures with mixed signals. Prices drift lower for several grains while pork futures face resistance and cattle weights rise slightly amid cautious demand. Strong entities include CHICAG, Weeden, and Reagan as market terms and dates remain unclear.

Ower Canta Lowe

Ventura Ave Producers Reach New Daily Rates this Week

GHELL OIL completed two large producers at Ventura Ave field this week. Taylor No 310 is now 740 barrels daily and 433,000 cubic feet of gas, Edison No 54 producing 1,180 barrels daily. Wells were completed below 11,000 feet with notable gains in gas output.

Ghell Oil Ventura Ave Taylor Edison Shell South Pleasant Ben Schieferle South Mountain Sprague

Pressing Demand Pushes Copper Prices Higher

New York reports copper demand remains strong with prices rising two cents to 22 1/2 cents per pound near postwar highs. Strikes in Chile threaten tighter supplies while hopes fade for suspending the import tariff after June. Lead holds at 12 cents as stockpiling policy raises concern over strategic reserve purchases after June 30.

New York Chile St. Louis Strategic Reserve

Butter Eggs Poultry Prices From Los Angeles Hit June

June 18 1004 market notes show wholesale price ranges for butter eggs and poultry in Los Angeles with reference to Grade AA and Grade A products. Price details appear in cases with some illegible portions but indicate general pricing patterns for dairy and poultry goods.

Los Angeles Zetstlers

West Coast fruit output declines in 1950 forecast

San Francisco reports the Agriculture Department predicts lower West Coast harvests for 1950 with fewer apples peaches pears and plums than 1949. California citrus shows mixed trends with the cling stone crop down slightly from 1949 but above average. dried prunes steady while lemons and Valencia oranges rise modestly but stay below average.

San Francisco U. S. Department of Agriculture California

Last Scottsboro Boy Leaves Cell

Montgomery report notes Wright, the last of nine Scottsboro defendants, leaving prison with wife and child, bound for Albany to work as a hospital porter. He remains confident in his innocence despite decades of legal battles and fresh claims about the 1931 case and its witnesses.

Montgomery Ala Scottsboro Wright Albany Paintock Victoria Price Uby Bates Bates

Bond Sales Hit 8 Million in May

Bond sales in May for the U S Series E bonds totaled 5 226 924 00 across 11 Southern California counties as announced by J B Messick state director of the Savings Bonds Division Treasury Department In all Series E F and G sales reached 11 357 287 10 in Southern California and 8 677 597 35 in Los Angeles County The five month total January through May shows Southern California at 298 308 33 and Los Angeles County at 67 938 079 08

U. S California J. B. Messick U. S. Savings Bonds Division Treasury Department Los Angeles Messick Los Angeles County Wieter

Adenauer Demands Official Be Ousted

Bonn broadcast reports that Chancellor Adenauer and the Christian Democratic party called for the dismissal of Dr. Guenther Gereke Lower Saxony agriculture minister after a conference with East Germany's deputy premier. The party said a minister cannot sit with a traitor.

Bonn Germany East Germany Guenther Gereke Lower Saxony Konrad Adenauer Christian Democratic Party Gereke

Fragmented OCR News Clipped With Odd Numbers

Readable text shows garbled figures and stray codes from a 2005 page segment. Mentions prices or percentages but lacks coherent events or names to anchor a clear story.

Women Fly 34 Planes in All Women Transcontinental Race

San Diego reports the fourth annual All Women's Transcontinental Air Race will start tomorrow from Lindbergh Field with 34 light airplanes. Aircraft will refuel at Tucson and Greenville en route, with copilot pairs led by Pat Gillis of San Diego and others from El Paso, Arcadia, San Diego, and more. The event, featuring cash prizes, will conclude in Greenville next Thursday after overnight stops.

AN Diego San Diego Greenville Amelia Earlene Lindstegn Field Leach Pf Soman Capitol Tucson Ariz Ae le Pat Giilis Ni 16 el Cajon Ae Ee Lancaster Mation Hart New York City Ruth Deering Ruby Hays el Paso Texas Anne Grogan Lois Hailey Is Eiler Jean Parker Boots Seymour Arcadia Martha Ann Woodrum Roanoke de Thurmond Hollyw R Lambert Claire Hale Mary Packard Vallejo Irene Leverton Chicago Mickey Colling Juanita Pritchard Clairton Jane Page Leonora Li McElroy Ann Wash Isabelle McCrae Joanne Greenman Monie Dye Mary Kitgon Santa Monica Lois Bartling Mary Disney Marjorie Sutton Napa Calif Barbara J. Washington Venice Mary Hardman Crow Phoenix Diges Strat Pla Greensville Sie

Catchy Free Cook Book Trick Exposed by Door-to-Door Salesman

Pasadena June 10. Marvin Hersh a nine door to door salesman offered a free cookbook to Mrs Madeline Sauder. She declined and police were called after he persisted at both doors. Hersh claimed the book was free with magazine subscription. Sauder kept the cookbook. legality of the offer was not clear.

Pasadena Marvin Hersh Hersh Gerald Wilson Sauder

Volunteers Aid VA Hospital Staff

Volunteers assist at Beach Veterans Administration Hospital in medical services and diversional programs. Red Cross leaders and local committees coordinate volunteer assignments and avoid overlap, with Miss Hannah Moteazer directing volunteers and Miss Youngwarden coordinating hospital services.

and Young The Red Cross Paee Anauba See Sv Mra Alfred Waits Vargas John Witminee Tarrerae Bing Rayment Songther Meera Lwat—Ar Dela Ave Cire

Vital Statistics Bieths and Mourning Notices

Fragmented OCR lists names and addresses with scattered dates and kinship terms. It references births and ceremonies, with mentions of a maternity hospital and several individuals tied to households in New York and surrounding areas, plus scattered dates and locations.

Gaming Resort Opens at Beach Near Seal Beach

The Airport Club opened a gaming casino near Seal Beach drawing about 1500 visitors, roughly half women. In operation were draw poker and a bingo-like card game. James V Americh, president, announced the Beach club on Pacific Coast Highway near the San Gabriel River crossing, built recently for about $300.

Airport Club Seal Beach James V. Americh Persons Beach Pacific Coast Highway San Gabriel River Crossing

Municipal Band Concert Program Details

Readable fragments describe a municipal band concert program with scattered text. The item appears to list venue details, date elements, and event lines though the OCR is garbled. Context suggests a local concert notice with potential performer names and a schedule, but exact names and times are unreadable.

Also Mentioned on This Page

Weller Dow-Jones Industrigis M. DE LA Chapelle Paine Webber, Jackson & Curtin Federal Reserve Paul H. Macgregor E. F. Hutton & Company Charles Henry Dow Commodity Index Cape By Galbraith By Emmet F. Riqedan Pacific Coast American Petroleum Institute United States Wilmington Conservation Committee of the California Oil Producers Signal Hill Independent Petroleum ‘Association of America Independent Petroleum Association of America W. Coast Adenauer Vessela Vesst Nee Line Fras. DB Amalme Gustermalé No el Noria Vanrourer Falcon Ear Varrourer Lake Co Lyonsettler San 'Fran Syyrie Orion Chevron Tkr Arrow Liiniga Line F.mex Pet. Co Oslo Ieee Lod Evans Creek Thr R. J. Keppachee Ionna Beach Bollinoe Pay Michelis- Pias Cleveland-N Ball Ito RAI Erada Tec Mongs Wittowean Ramauremay Metzlen Mary Ve. Kimer Petroake—Ueraldine Frank Baer Erevath Ee Iamer, Graig—Mause Vb Robert Bela Reese Des Palau Gun “Valley New Yorke Bennett Ave J. WY Fiewcara Sera Roath Cortes LaaSee W. D Cerritos M. E Weeteber Dhawbatwaren Gs Nat Ea HO Wale Marrudar Sonben Sue Jire Withers D Herbert Gement Lay Melvie J Peat David di Giena MM Belly Rt Laer Ben Haturday
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