Trend of Stock Prices for Past Week Analyzed
A market overview notes a 5 point decline from 224 D-J after a 24 point correction, GM’s rally to 229-230 delaying a deeper drop. It forecasts support near 221-219 with possible fall to 211-214, then a summer rally into July or August, while bond indexes drift lower and odd lots buy cautiously. The piece also discusses federal finances, deficits, and the planned economy theory, citing 1939 and 1948 debt levels and the looming 1950 deficit as a test of deficit finance viability.
MENTIONED IN THIS ARTICLE
General Motors
Ion Car
Market outlook notes a modest Dow dip and late rally
Paul H. MacGregor of Z I Hutton & Co analyzes the market after Thursday's close. The Dow Jones fell about 5.3 points from the top yet shows a possible near term rebound toward 220-221, with a cautious bull-market outlook for the longer term. Commodities weaken briefly but raw materials price trends stay strong and may push prices higher in the year.
MENTIONED IN THIS ARTICLE
General Motors
Market notes on dairy eggs poultry price reports
Fragments from a market news item mention federal state market services and prices to retailers for butter eggs poultry. Names and details are garbled but indicate price reports and product categories across dairy and meat items.
Hay Prices Aket Mee Gear Beimet
Placeholder text appears garbled with no clear persons organizations places or dates. No readable facts to summarize into a meaningful news item.
Livestock Market Chicago Report Amid Market Slump
An OCR read from the Chicago livestock market shows mixed receipts and prices. Hog and cattle numbers appear lower with buyers paying uneven sums, and traders note a shift toward more medium to low grade offerings amid transient demand.
Meat Price Dips in Some Cities Survey Shows
United Press survey finds meat prices eased in several cities this week due to consumer resistance and hot weather. Loin pork roasts fell to 61 cents per pound in New York, pork chops to 73 cents, with declines also noted for leg of pork roast and lamb. Memphis consumer leader Mrs. Owen S. Gibbs urges renewals of price-lowering efforts.
MENTIONED IN THIS ARTICLE
United Press
New York
New York Bureau of Markets
Ith
Owen S. Gibbs
Memphis Consumers Organization
Zinc Copper Demand Strengthens Market in New York
The week saw a tighter supply squeeze for zinc and copper with demand not easing. Zinc rose to 15 cents in East St Louis after higher smelter bids in the Missouri Kansas Oklahoma region. Copper held at 22.5 cents with a strong undertone. Lead stayed at 12 cents as buying kept pace with mine production and smelter intake. Cadmium jumped to 2.15 cents per pound, first move since 1948. Tungsten ore rose to 21 to 21.50 per ton, up from 19.50 to 20 last week.
MENTIONED IN THIS ARTICLE
New York
East St. Louis
Tristate
Missouri-Kansas-Oklahoma
Man Found Guilty for Drunk Driving
Phillip J Foster, 31, was found guilty of drunken driving after a Lakewood Boulevard crash. Deputy District Attorney Richard Tobey presented police and medical testimony showing Foster intoxicated at arrest following the incident near Spring Street. Nadine M Dodson, 37, was injured. a probation hearing was scheduled for July 17.
MENTIONED IN THIS ARTICLE
Jurg Dent
Dudge
Fred Miller
Phillip Je Foster
Richard Tobey
Foster
Lakewood Blvd
Nadine M. Dodson
Repairs Close Delta Avenue Bus Route for Week
Delta Ave from Wardlow Rd to 223rd St will close to buses for one week starting Monday due to street repair work. City Lines Easy Line No. 10 detours via Easy Ave north to Wardlow Rd east to Gale Ave north to Cameron St northwest to Easy Ave then back to Cameron St in reverse.
MENTIONED IN THIS ARTICLE
Delta Ave
Wardlow Rd
223Rd St
Bureau of Franchises
City Lines
Easy Line
Easy Ave
Gale Ave
Cameron St
L A Man Arrested for Peddling Here
Los Angeles man John B. Slaughter, 33, was jailed on charges of peddling without a license after attempting to sell watches at Pierpoint Landing for 15 dollars, claiming they were worth 85. He admitted buying the watches for 12 each and had several rings bought for under 5 each.
MENTIONED IN THIS ARTICLE
John B. Slaughter
Los Angeles
Markets at a Glance Wheat-Firm Grain Markets Rally
Markets at a glance show Chicago wheat firm as grain prices edge higher. Analysts cite steady demand and export activity while nearby futures inch up amid cautious trading. Local traders report steady activity in corn and oats with modest gains across grains.
MENTIONED IN THIS ARTICLE
cHrcaco
Business and Industry Summary Highlights Postwar Gains
New York June 17 gains in business and industry reached postwar highs with record automobile production for the second straight week, steel mills operating above capacity for the ninth week, and a new peak in building construction. Retail trade picked up and textiles rallied late in the week as prices rose for materials like steel and zinc. Despite overall strength, economists warned of possible corrective reactions, while the stock market dipped after an early four-year high. Building costs climbed, though food prices eased, and synthetic rubber capacity limited price spikes. Automobile output totaled 203,689 vehicles, a record for the United States and Canada, with steel at 101% capacity and 1,927,200 tons produced. Engineering contracts reached $277,411,000, a high for the period, as the offensive in construction continued amid rising costs.
MENTIONED IN THIS ARTICLE
New York
Canada
Harriman Tapped to Tighten U S Foreign Policy Control
President Truman names Ambassador W Averell Harriman as assistant for foreign affairs to provide constant White House direction on major policy efforts. He will coordinate Defense Labor Treasury and Commerce as tasks arise, with aims including NATO defense planning and postwar European recovery policy. Acheson welcomed the move as needed for greater interdepartmental cooperation.
MENTIONED IN THIS ARTICLE
Washington
Truman
W. Averell Harriman
Harriman
White House
America
Acheson
Defense, Labor
Treasury and Commerce
Em House
West
Per Hese
National Advisory Council For Foreign
Atesity Anit
Defense
State Departments
Antihistamine Fatal to Taker of Six Doses at Once
In Owosso Michigan on June 17 76 year old Joseph Rundell died after taking six antihistamine tablets in one dose to cure a cold. Pathologist Dr Charles W Black said the autopsy found the overdose caused his death two hours later and noted the bottle’s dosage likely would have prevented the tragedy. Mrs Ulah Rundell 44 told investigators the victim felt ill Wednesday and bought the tablets.
MENTIONED IN THIS ARTICLE
Owosso
Mich
Joseph Rundell
Charles W. Black
Memorial Hospital
Rundell
Ulah
Rundelt
Black
Christian Endeavor Meeting Canceled and Beach Party Planned
The monthly Christian Endeavor singing bee is canceled for June so members can attend Dr. Mervin Rosell's gospel tent meeting at Carson Street and Cherry Avenue. A Christian Endeavor beach party is planned for July 7 at Seal Beach, with details forthcoming per Miss Joanne Holstein.
MENTIONED IN THIS ARTICLE
Long Beach
Christian Endeavor
Mervin Rosell
Carson St
Cherry Ave
Seal Beach
Joanne Holstein
Ervin E. Vessey Dies at 68 in Pasadena
Funeral services scheduled Monday for Ervin E. Vessey a 68 year old pioneer produce merchant who died after a lengthy illness in Pasadena He formerly served as vice president of Model Grocery Co and founded Hall Haas and Vessey wholesale produce house of Los Angeles He leaves a widow Katherine Vessey of San Marino two sons and six grandchildren.
MENTIONED IN THIS ARTICLE
Pasadena
Ervin E. Vesey
Pioneer
Vessey
The
Model Grocery Co
Hall, Haas & Vessey Wholesale Produce House
Los Angeles
Katherine II Vessey
San Mapies
Hospital Finally Paid After 39 Years In Philadelphia
The Philadelphia General Hospital closed its 1911 ledger after sending out a $2,62 bill. A check for $262 arrived with a note quoting a Bible verse, revealing the long delay before the payment was settled.
MENTIONED IN THIS ARTICLE
Philadelphia
Philadelph General Hospital
Shasta Dam Seen as Public Victory for Dedication
The dedication of Shasta Dam marks a centennial milestone with officials including Lt Gov Goodwin Knight in attendance. The 602 foot high concrete behemoth on the Sacramento River, built by the U S Bureau of Reclamation, will serve water for the Sacramento San Joaquin basins and power to California, with a 375 000 kilowatt plant to be connected to federal transmission lines in time.
MENTIONED IN THIS ARTICLE
Co. V. P
Keswick
Warne
Shasta Dam
Goodwin Knight
Charles H. Purcell
State Director of Public Works
Gov
Warren
White Sulphur Springs
W. Va
Sacramento River
Hoover Dam
Grand Coulee
Sta
U. S. Bureau of Reclamation
Washington Monument
Niagara Falls
Shasta
Sacramento
San Joaquin
California
Pacific Gas &Ic Co
Yellowtail Top Season Catch Brought Aboard Spitfire
One of the season’s best fish was landed by Jack MecArten near Pierpoint Landing aboard the Spitfire. The 51 1 2 pound yellowtail, caught in San Clemente waters using a glass rod and sardine on a 30 hook, highlighted a day of successful fishing by Skipper Al Bruner and Martha Chil in kelp beds.
MENTIONED IN THIS ARTICLE
Pierpoint Landing
Jack MecArten
Moss Ave
Highland Park
al Bruner
San Clemente
MecArten
Martha Chil
Volunteer Office Welcomes New Community Directors
New members joined the Community Volunteer Office board at a Brower's restaurant lunch meeting. Mrs. Carroll Loder presided and handed the gavel to new president Mrs. Lynn Evans. Directors include O. T. Satre, Mrs. Lester Lawson Jr., Glenn Snyder, Mrs. George Vinson, Dr. Louise Benefield, Mrs. C. H. Scott, Sam Leddell, Charles Boyer, Mrs. Joseph Tiernan, Mrs. Charles London, and Rev. Clayton Burgess.
MENTIONED IN THIS ARTICLE
Community Volunteer Office Board of Directors
Brower’s
Carroll Loder
Lynn Evans
O. T. Satre
Lester Lawson Jr
Glenn Snyder
George Vinson
Louise Benefield
C. H. Scott
Sam Leddell
Charles Boyer
Joseph Tiernan
Charles London
Clayton Burgess
Alano Club Plans Meeting Tonight
The Alano Club affiliated with Alcoholics Anonymous will meet at 223 E Third St at 8 30 tonight. Spokesman said the club is the social section of AA, inviting AA members and interested persons to attend. The harbor area AA group has about 900 members.
MENTIONED IN THIS ARTICLE
Alano Club
Alcoholics Anonymous
E. Third St
A. A
Harbor Area
Deportation of Bridges May Take Years Final Outcome Still Undecided
San Francisco reports that Harry Bridges may not be deported for years after a federal court ordered revocation of his citizenship. Officials said deportation will await appeals outcomes, with Bridges facing further litigation and potential delays up to two years for the Supreme Court ruling.
MENTIONED IN THIS ARTICLE
San Francisco
Harry Bridges
Bruce Barber
Immigration and Naturalityd Service
GLO
Songahore
Bridges
Supreme Court
Norman Leonard
Bridges Declared Stateless by Australian Government
Melbourne June 17 Immigration Minister Harold Holt said Australia regards Australian born Harry Bridges as stateless. He noted Bridges held American citizenship, and while he would be treated like other migrants needing to meet entry requirements, the decision could affect his return to his native land.
MENTIONED IN THIS ARTICLE
Melbourne
Australis
Harold Holt
Harry Bridges
Bridges
Australia
Cloudburst Flood Swamps Crooksville Ohio Causing Destruction
A massive flood hit Crooksville Ohio with streets turning into five foot rivers. The Ohio Power Co station lost power and nearby pottery plants at Acme and Ceramic Pottery Co were destroyed, with 30 to 35 refugees rescued and over 500 workers displaced. Oregon license plates were found abandoned as the area reeled.
MENTIONED IN THIS ARTICLE
Crookaville
Ohio Power Co
Crooksville
Acme Pottery Co
SCORE
Ceramic Pottery Co
Roseville
Oregon
Clair Butts
Zanesville
Sailor Beaten Robbed of $105 in Cafe Attack
Navy gunner's mate Rey nald Shucknhofer, 25, says two men tainted by bad company attacked him in a cafe parking lot at 730 E Broadway. They struck him with a whisky bottle, beat and kicked him, and took his wallet containing $105 before he was treated at the Naval dispensary aboard the Tawasa.
MENTIONED IN THIS ARTICLE
Navy
Reynald Shucknhofer
E Broadway
Tawasa
Naval Dispensary
Barrels Added to Daily Yield of Municipal Wells
The city reports 979 more barrels daily from redrilled wells and a new producer on harbor land. Producers W-130 W-34 W-132 yield 244 100 260 barrels, while Z125 adds 375. Bureau of Mines notes 239,464,000 total stocks, with a 692,000 weekly gain and 5,305,000 daily production. Texas Railroad Commission increases July allowance by 66,708 barrels, and Harold C. Morton named attorney for California Oil Producers Conservation Committee in antitrust suit.
MENTIONED IN THIS ARTICLE
City Harbor
Long Beach of Development Co
Long Beach Oil Development Co
Bureau of Mines
Bureau
The
Texas Railroad Commission
Conservation Committee of
California
Harold C. Morton
U. S. Attorney General's Office
Also Mentioned on This Page
Veritten
Dew-Jonax Industrials
Paul EH. Macgregor
Z. I. Hutton & Co
Bureau of Labor Statistics
CASO
Apisitiens
Ad Yanterday
R.ie
Faeyr
Jane
Fia
Chicago
Tyne
Mineag
Yost
Basha
Ieee Fiockera
L. A
G. A. Phillips
By John M. Hightower
Mr. Truman
Wesel
Merind Lips
Fielden
Balboa
Rio Furlere
Tapurie
Juan
Neyierm Oceen
Lina
Antwerp
Fran Holler
Amation
Fran
Bagungo
Gina Wuyens Fan
Fran T Ling Moe
Marquette
Pope & Tal Pree
Tae Shee Johnson
Fras
Barbara Olgon
Helpetty
Uis
Tadarinis
Ars
Jason Rail
Smilies
Howard
Christian Endeavor Meeting
Ervin E. Vessey
Reyal Peatenday
J. George B. Harris
Harris’ Court
Austria
Ohio
Belitlower
Gunk
phoeaLin
Manton
Wile Saber
Job
Lee
Lee Cerritos Maternity Hospital
Sailet
Aeddirs
Lomile
Roaert
Carters
Wee Kermeda
Mra
H. M. Jey
Selle Beach
Oat Ee
Aan Petre
Ce Li
Mmm
G. M
Compton
Miciirags A. En Ra
Mae Aoa
MS West
Mr. Acdites
R. Li
Loeniia
Boy
Wwhitfield
Bey
Seaside Memorial
Hospital
Wernerr
Bat Calstorain
Ax Lynwood
Dire
T. Wy
Lindop Avan
Wiggington
Biaan
Bere
Long Beach Offiur
Bae
Long Beach Courts
Ruby
By Emmet F. Riordan
Associated Press
Informia Petroleum Activity
Nebraska
Utah
States
Texas
Louisiana
Oklahoma
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