Steel Scrap Dips Sharply This Week As Prices Fall
New York March 31 Heavy melting steel scrap weakened this week marking one of the sharpest drops in the current downward trend. Iron Age places the scrap composite at 31.17 a gross ton, its lowest since June 1947 and 3.75 below last week. Decline cited across Pittsburgh Chicago and Philadelphia with mills still depleting higher priced inventories. Factors include a crop of steel demand, market unloads, conversion market slowdown, and inflation easing.
MENTIONED IN THIS ARTICLE
New York
Metal Working Trade Weekly
Pittsburgh
Chicago
Philadelphia
Car Production Shows Big Gain
Detroit report notes March output to total 518057 vehicles, highest for March since June 1929. Automotive News estimates 401989 cars and 116068 trucks, with 1949 year-to-date totals of 1060726 cars and 334294 trucks. decline blamed on Chrysler division shutdowns.
MENTIONED IN THIS ARTICLE
Detroit
Automotive News
Chrysler
District Conference to Admit 20 Non-Realtors
The Long Beach Board of Realtors will cap non realtor registrations at 20 for a 10 week sales clinic and district conference to run Wednesdays at Polytechnic High School starting April 6, supplementing the June 13 14 California Real Estate Association district meeting. The course urges wide value from finance, investment and property ownership sectors with noted rent trends and market rigidity comments from officials.
MENTIONED IN THIS ARTICLE
Long’ Beach
Polytechnic High School
California Real Estate Association
Tuttle
Richfield Oil Reports 1948 Earnings and Growth
Richfield Oil Corporation announces net income of 16,751,475 for 1948, about 4.19 a share, up from 11,853,397 or 2.96 a share in 1947. The firm notes 173 new service outlets, record sales volumes for refined products totaling 116,442,000, and supplying roughly 32 percent of Pacific coast aviation gasoline needs for the Armed Services.
MENTIONED IN THIS ARTICLE
Richfield Oil Corporation
Richfield
Armed Services
Pacific Coast
Retailer Sees Prices in Ebb Amid Oil Discovery Notes
New York March 31 UPI Retailers report prices retreating as controls ease. Richfield’s 1948 California discoveries include Cuyama Valley oil prospects with two productive zones and eight drilling strings. A spokesman warns of a price ebb due to discrimination and selective buying while noting new fields Coal Oil Canyon and Paloma in Kern County.
MENTIONED IN THIS ARTICLE
Jataces
Richfield
Cuyama Valley
California
Aus
Cugama
Sanches
Shalow
Wheeler Ridge
Kern County
Calif
Paloma
Prom plans under way at Jordan High School
Junior class officers elected to organize the May 12 junior senior prom include Bill Ingram president JoAnn Galiher vice president June Briggs secretary and Wendell Range treasurer with duties set for arrangements and coordination of a school dance.
MENTIONED IN THIS ARTICLE
Jordan High School
Bill Ingram
JoAnn Galiher
June Briggs
Wendell Range
Philco Corp Sets 1948 Records in Reports
Philco Corp reports record net earnings of 10.532 million for 1948 or 6.32 a share, and sales totaling 275.424 million, up 21 percent from 1947. President William Balderston disclosed the figures in the firm's 57th annual report.
MENTIONED IN THIS ARTICLE
Philadelphia
Philco Corp
Philco
William Balderston
Balderston
New Barnsdall Well Flows At 1400 Bbl Rate
Barnsdall field reports Arnsdall Oil Co well Dessel 22-2-6 in Guijarral Hills flowing 1400 barrels daily through a 20-64 inch bean. Well finished at 8920 feet after topping the Leda zone at 8658 feet. First four hour gauge recorded 631 barrels. Pacific Western Oil Corp plans to join deep sand program in Signal Hill old Chateau Thierry section. Union Pacific and others report activity with several test wells and recompletions in nearby fields. Conservation group to celebrate its twentieth anniversary in Bakersfield with Tide Water executive speaking. George L. Parkhurst named vice president of Standard Oil Co of California.
MENTIONED IN THIS ARTICLE
Arnsdall Oil CO
Dessel
Guijarral Hills
Lytle
Chateau’ Thierry
Signal Hill
Pacific
Thirty-first St
Linden Ave
Pacific Western
Hancock Oil
Thirty-second
Pasadena Ave
Acmé-Bauerdorf
Deldman-Woolner
G. P. Brennecke
G. P. Barnes
Bush
Herley and Kelley
Signal-Dutcher
The
Conservation Committee of California Oil Producers
Bakersfield
Bakersfield Inn
Josep Jensen
Tide Water Associated
Also Mentioned on This Page
By Everett Purcell
Melvin H. Baker
Washington, D. C
Construction Industry Information Committee
Federal Reserve Board
Federal Housing Administration
Baker
Atlantic Ave
Peter T. Riga
County Recorder's Office
Hugh A. Young
Ellis V
Ellen SM. Urich
Thom
Anne
Kneale
J. T
Appleton
Davis G
Thelma Jo Harmon
Jean Louise Brock
Magnolia Ave
Paul C
Helen H. Sheets
Martin V
Campion
Brayton Ave
Hazel H. Walker
Clarence W
Mary M. Enneking
Liova Thomas
Bernice N. Thornigs
Mark E
Ruth BH. Andrews
Ocean Bivd
William St
Virginia BC
Betts
Richard A
Ruth C. Groth
Marion Ave
Harey F. Homer
Bryce G. Jana Klis
Stow
J. Tey
Cafornia
Halfdan
Catherines Amundsen
Math
Gime Norstegaard
J. Te
Mira Mar
Mag A
Flossie M. EH. Young
Peter Z
Anan B. Riga
Morgan
Cant Jang Carol B
Welgel
Wendie Weand
Berg
EL. West, J. T
Liken
T. H. Liken & Sons
Venetian Blind
East Seventh Street
Richfield Oil
UPA
Vu Leeuls
Gordon K. Creighton
National Pierall Dry Goods Association
Barnsdall
By Emmet F. Riordan
Pacific Western Oil Corp
Union Pacific
Wilmington
Jergins of
North American Consolidated
Hamby
San Aldo
Shell Oil
Baldwin Hills
Richfield Oil Corp
George L. Parkhurst
Standard Oil Co
Oranite Chemical Co
Barker Bros
RCA Pioneers
TRUE
Arker Bros
Broadway
RCA Victor
RCA Research and Development
RCA
Barker
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