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Long Beach Press Telegram in Long Beach, California

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Newspaper

Long Beach Press Telegram

Location

Long Beach, California, United States of America

Date

May 11, 1951

Page

23

Stockholders Price Stock Options Tilt Toward Executives

May 11 New York stock market coverage notes a rising use of stock option plans that let executives buy company stock at a fixed price for up to 10 years, with tax advantages and potential outsized gains. Critics call it tax avoidance and claim it advantages a few leaders over other shareholders. Proponents say it aligns managers with shareholder interests, especially as firms worry about attracting top talent amid shortages.

New York Jreal U.S. Steel Treasury

Service Firms Must Post Prices

Washington May 11 UPI The price order requires barber beauty shops laundries parking lots and other service firms to post ceiling prices covering billions in yearly business The rule keeps base pricing from December 19 to January 23 effective May 11 with posting within 30 days and filing notices with OPS district offices It lists affected items including repairs laundries cleaning and amusement admissions while noting exemptions such as transportation defense hospital and theater ticket services and metal jobbing shops.

Washington UPA Office of Price Stabilization OPS Ikems

Retail Trade Volume Gains In Mild Weather

New York May 11 retail trade volume edged higher as mild weather boosted sales in The Weekender for the week ending May 11 compared with the prior week and last year. Dun & Bradstreet said national dollar volume was flat to up as much as 4 percent from a year earlier.

New York Dun & Bradstreet

Half of Steel Due Arms Tab May Hit Civilian Goods

Washington May 21 The National Production Authority said more than half the nation’s steel output for next July may be set aside for defense and defense supporting programs. An even larger bite is expected in August. It will mean up to 15 percent greater reduction in steel for civilian goods such as automobiles and refrigerators.

Washington National Producetion Authority NPA

State Winter Wheat Crop Decline Noted

Sacramento May 11 The California Crop Reporting Service forecast a 239 per cent drop in winter wheat production this season estimating a harvest of 9,656,000 bushels versus 13,671,000 last year. Prolonged drought reduced yields from 21 to 17 bushels per acre.

Sacramento Nn Fieat Fornia

Building Fell Off in April San Francisco

California building activity fell 3.7 percent in April from March while six western states rose. The Daily Pacific Builder reported California’s April dollar valuation at 113 million dollars, the year's lowest post in the state so far.

San Francisco California Daily Pacific Builder Trade Journal

California crop forecast signals fruit abundance

San Francisco May 11 California citrus outlook appears brighter with more oranges lemons and grapefruit expected this year than in 1950. The May 1 USDA PMA report notes California Valencias as the main summer orange supply with other areas to market by early summer. Plums and prunes rise in California while sweet cherries and apricots may fall. National orange crop estimated at 111.6 million boxes vs 108.2 million in April. 1945-30 figure 104.5 million. 10-year average 96.1 million. About 45 million boxes remain in groves on May 1 including 30 million in California Valencias, up from 20 and 26 million respectively last year.

San Francisco U. S Department For Agriculture California

Veterans urged to apply for $1000 car tax exemption

Local veterans were warned that less than a month remains to apply for the $1000 car property tax exemption. Veterans must file annually, furnish proof of service and discharge certificates, and provide legal property descriptions. Applications may be filed at the deputy assessor’s home or any county assessor office.

Department Service Office The American Legion

K F Buys Interest in Chase Aircraft

UP Air-Frazer Co buys 49 percent of Chase Aircraft Co of West Trenton New Jersey for an unnamed consideration. Chase Aircraft originates the C423 combat transport plane. contracts with the Air Force are being negotiated. Edgar Kaiser becomes president of Chase. Michael Strokoff remains head of engineering and development as executive vice president.

New York UP Air-Frazer Co Chase Aircraft Co Chase Aircraft West Trenton N. 4 Air Force Edgar Kaiser Kaiser-Frazer Chase Michael Strokoff

Alaska Air Force Bombers Blast Ice

FAIRBANKS Alaska May 11 Air Force planes aided by daylong sunlight bombed ice jammed Alaskan slivers where flood waters threaten several villages Five F-82 twin Mustangs and a B-17 from Ladd Air Force Base dropped 500 pound bombs at the Johnson and Kuskokwim Rivers junction No evacuations were reported though homes in one village were surrounded by floodwaters

Fairbanks Alaska Alaskan Ladd Air Force Base Johnson and Kuskokwim

Earnings United Aid Janes and Various Corporations Report

A string of quarterly earnings reports from multiple firms including United Aid Janes, American Refractories, Burrruads Adding Machine Co, White Dental Mf, Celanese, Union Telegraph, Preamertes of America, and others show varied per share figures. Highlights include modest gains and several negative or weak results, with cents per share ranging from fractions to several dollars. The report lists numerous companies with their respective quarterly earnings, reflecting general market performance in the period.

United Aid Janes American Toconinive Co Burrruads Adding Machine Co Ats Snl White Dental Mf White Dental Mf. Conilarters St Tn Va, Ie Rents i Gfhmeytan Optienl Owanier Arousehield Finance Cern Miatter Staak Noreen Ley Amnrer T General Civat Ca Giggttonal Tead Co Bongoleunt-wairn, Inc Centa Pigeons Steel Co Yelia Elevator Co Seng Ve Sisa Union Telegraph Vents Preamertes of America Tar

Building Permits Listed For Saint Thanc Neer Sale

John Bakke files for a bedroom addition on La Ave for 1000 dollars. Monsanto Chimical reports alterations at 6251 iFaramount Hive and 10007 Jonas Micanian. Rite & Grace contracting adds on at South St 3200 with T C Sanders engineer. Blake to build dwelling and garage at 3052 Cootidne St. SAECO permit notices.

John Bakke la Ave Monsanto iFaramount Hive Jonas Micanian Rite & Grace Mumbing Co Siies South St T. C. Sanders Engi Dse UV Blake Cootidne St SAECO

Bad Signs Dissatisfied Auto Purchaser Jailed

In Los Angeles May 11 Jack Redman remains jailed after clashing with dealer Eugene Klein over a car refund. Redman spray painted signs on the vehicle saying I was robbed and No resale. After an injunction, he added Legally restrained from saying anything BAD about this CAR. He was sentenced to five days or a $100 fine and elected jail.

Los Angeles Jack Redman Eugene Klein Redman Klein

Tides and Temperatures at Long Beach Lifeguards

The forecast lists sunrise at 5:55 a.m. and sunset at 7:44 p.m. Moonrise is 11:01 a.m. Moonset at 0:55 p.m. Tides show high at 6:41 p.m. 4.3 feet and low at 9:23 a.m. 0.4 feet. Water temperature is d9 with calm surf and coast guard notes from U.S. Coast and Geodetic Survey.

U.S. Coast and Gendetic Survey Long Beach

Leod Completes 200-bbl Producer on City Tract

Oil field news reports Leod completes a 200 barrel producer from the upper terminal zone on a city tract in Wilmington. Union Pacific plans five new wells in the Wilmington field, tying Long Beach with Huntington Beach for top production. Notices filed for Signal Hill wells and a list of Long Beach men noted as advisory committee members at the American Petroleum Institute spring meeting in Los Angeles.

Loss Beach Wilmington Union Pacific Huntington Beach Division of Oil and Gas Film Signal Hill Hicock-Chalker Bay View Oil Co LeCal SA Long Beach Plt Martin Hancock Oil Co A. W. Gentry Long Beach OH Development Co Hughes Long Beach Harbor

California Wines Lead Nation With 85 Percent Trade Share

A Wine Institute report shows California wines accounting for 119,838,080 gallons of 1950 U S trade, other U S wines 15,784,000 gallons, and foreign wines 4,667,000 gallons. The data derives from tax withdrawals and stamp sales.

AIME CNA Calia Meter Association San Francisco Rio Hondo County California The Wine Institute For the Wine Advisory Board

Ambulance Route Log From Friday Afternoon

Fragmented notes describe multiple ambulance pickups and routes across streets including Harding Stammilane Seventh Beventh, Argonne, Sherman, Mayfield, and Roth. Entries reference times around 4 to 7 p.m. with various intersections and local avenues, noting ambulances and street names in a jumbled scheduling excerpt.

Lane Genen Tier Namibe Harding P.m. Beventh St Gorden St Argonne Ima Mayfield Ambuane

Obituary notices from Long Beach area list multiple deaths

Obituaries report Lillian D Thompson of 231 Quincy Ave Long Beach born in Albion Michigan died yesterday in a Long Beach hospital. Clara Trem of 225 Mira Mar Ave Long Beach died yesterday in Los Angeles hospital. Mrs Shirley Adams 59 of 4507 BE Carson St Lakewood died May 9. John Irving Jannell 34 of Santa Ana killed in crash. Jesse Jacob Noontz 65 Artesia died May 9. Chester William Heperorn 60 Bellflower died Wednesday. Mary Hannah Kaehler 32 Long Beach died May 9. James B Cooper of 1242 E 56th St Long Beach died yesterday. Florence G Read 81 Long Beach died yesterday. Golden Otto Matthews 44 South Gate died May 9. Herry Edward Hewes 72 Long Beach died May 9. Blanche Smock Tl. Long Beach died May 3. Earl Milthorpe Sires 57 Long Beach funeral tomorrow.

The Baptist Church Westminster Memorial al Mazel Glerd Lakewood Village Jeanette Chidister Los Angeles Hilgenfeld Anaheim Anaheim Cemetery Jannell Santa Ana John Irving Jannell S. Towner Ave Chapel of Gravel Mortuary Costa Mesa St Anne's Church Newport Blvd Elslen Gloria Patricia Jean Margaret Si David Stanford Cala Hattie Smith Bell Elia Shuck Millie Ostler Livermore Charles Koontz la Habra Lester Koontz Vista Ralph Koontz Kooontz Cafe Artesia Hagecorn Hellflower Chester William Heperorn Maple Ave Long Beach Bosmorrow Gallaugher & DeYoung Bellftlower Robert A. Burns Bellflower Community California Peene Ohio Encino Sellflower Master Barbers Union Zanesville Central Trinity Methodist Church Helen Laura James Robert John Orville Kaenler Taft Mary Hannah Kaehier Kern St Electra Texas Sweetwater First Baptist Church George Shirley Beverly Joyce Ruth William S$. Johnson Olney Luther Johnson James Johnson San Diego Irma Julia Johnson Betty Turner Ruby Flemming Wilmington Emma Grey Cooper James B. Cooper E. 56Th St Pennsylvania Youngstown, Ohio, Municipal Railroad Lee Cooper Norma Dunlap Grove PB. K. McFarland Martin Ohio Read Florence G. Read E. 20Th St Bedford Iowa Indianola First Methodist Church Chapter CF PEO Indianola Club Women's Society of Christian Service First Church Joseph C. Read Robbin Lynn Lee Read Patterson & Snively Chapel Visitation First Methodist Church Sunnyside Cemetery Donald Roark Little Rock Joseph Matthews Lynwood Beulah Thetford el Monte Neva Burke Vissalia Willamae Burke Claudia Pendley Norwalk Joyce Framm Downey Herman Burton Charles Jordan Hewes Herry Edward Hewes Myrtle Ave Brazil Ind F&am Earl H. Hughes John M. Hughes Alhambra Ellis A. Bragg San Gabriel Bert Hewes Fred Grothe Mark Cooprider Mottell's Chapel Virgil H. Fisher White Temple Southern Baptist Church Masons Angeles Abbey Mausoleum Compton Smock Blanche Smock Pacific Ave Michigan First Congregational Church Are & San Charles Smock Karr Lester G. Karr Fred Karr Connecticut Emerson Hangen Sunnyside Memorial Park

Panama political upheaval ends as Arosemena takes office

Panama City May 11 police army and public opinion oust deposed president Arnulfo Arias after a three hour clash around the presidential palace. Nine died in fighting with 80 plus wounded. Arias jailed. Alcibiades Arosemena, first vice president, sworn in after impeachment by the National Assembly. Remon remains influential, insisting Romans position, and new government to include non Communist groups and cooperate with the United States over Canal Zone area.

Panama Arnulfo Arias Arias Alcibiades Aroseména Remon Supreme Court Erasmo de la Guardia

Trend of Staple Prices and Local Obituaries

Trend of staple prices shows a wholesale index sliding to 67.5 from 72.3 a week earlier. In Long Beach, Neb to Long Beach, Calif, two obituaries note deaths: electricians at Long Beach Naval Shipyard veteran of World War I and Agnes Grant, longtime Long Beach resident, private funeral held in Pasadena. Surviving relatives listed for the first obituary include Jennie L., daughters, sisters, a brother, and grandchildren Nancy Keen and Pamela Wieting. Agnes Grant had no known survivors.

New York API Twe Asociated Press Derby Iowa Long Beach West Point Neb Long Beach Naval Arthur L. Peterson American Legion First Lutheran Parish Jennie L Harvey Keen Los Angeles Ben Wieting L. R. Hansen Columbus Edward Koerber San Pedro Petter Stafford H. J. Hawthorne Prescott, Ariz George Sires New York City Nancy Keen Pamela Wieting Grant Agnes Grant E. Firth St Pasadena Ives & Warren Pasa” Dent

Also Mentioned on This Page

Business Mirror By Sam Dawson Iertore Ren Penn Une Ibert Pte Sune Furaivoed Association of Securite Unmera Jae Qhelrance Stales Miron MAL Waterg Fung Bay Steel & Ship BS Fouster Norris Artis Mercury TV Diane Walt Eam Metals Packard Eakers Rockwall Sk Menhattas Alcragt Tae Diego G&e Guarei Trust Irvin Hatior Wigetoa Pia Bil Fanutacster Tran Hearst Harel Col Seattia Gas Mottman Radio Pua Sierra Pag Soncott Galt Water Southw America Equip Bhyoka Am Inter Sterling Motors Stuart Co Intersout jSapurb Ie Soyer Lee Budarts Fropane Ans Tenn Gas & Tra Kendall Co Sas Exas Eastern Jentucky Texas Gas Kndsen Crea Timm Aberatt Fe Laugendor Bax Air Trang Gas Tony Bell Agst Ath Ca Bum Nes Reas Buti K-F Alaska Air Force Saint Wiather Southern California Biarion AL Atrbciare Ban Berdino Si Tong Angeiey Sme Wilecaws Avalon Gacalion Needins MiSan Gabriel Beaumont Newport Ae Bishaj BS Sfanin Ana Blythe Palma Palma: Ite Adrnata Barhaes Aurhan Pasad Mézanta Monica Bat Cataina Baan Rapier Therma Ener Catia Sandberg Waup LA Aa Ian Pret Blatton Fa Bre Tampa Moon Yeann Si Firemans New Orleans Hyatt Deiesit Dodie City Nerty Britte Winnemuces Ee Buna el Pata Delano City Wywwinsinvy Omaha Yeliinistone Bendieton Cdi Flagaiatt Phoenix EL Warih Daera Telley Mat AZ T. Graidt Tellin Soos Rik Ti T Ajroanks yPortland Helena Portland Ore LEOD By Emmet F. Riordan Cuyama Seaboard Oil Kirschenmann B. Watkins Lo Beach Nin Cuyama Valley Shell Oil Hanenek Wood-Callahan Russell Ranch Oklahoma Sinai Men’s Club Tony Cabosotch Westerly Can Max Gartner Santa Mon M. Rosenblum B. Goldman Ernest A. Eirridge Hope Valley Barracks Everett F. Amaral Providence Weavel Berto Tineraine Ar Doe Agamemnon New York Blue Funnel Line Ban Fran Disyaty Tanaloba Mre Serth Trane Vondere Pac Renger Bry Yokorama Furnessine Yale Troll Schie Philipine Rotterdam Pac Akohesna Sante Paul Alcnes Aza Vancouver Waterman Sac Juan Ensenada Ane Vancouser Angin Saxon Edmonton Luismperial mi Embiricos, Ltd Mpaila Nagenak Yokohama Fortland Ps Volag Neri Talbot Bray Partland Ralso Rautnen Riyal Bataan Yokohama i Hawaiian Farme Bay Honolulu Molvatar Randaci Yokonas Joel Chandier Martis San Francisci Francisco St Clair Fan Pitso Leordes Rinry Lockenbach Eianases Nereida Cital Baax Paul Shoup Avoi Pere Aed Manzaailis Sinnet Sarip San Francisco Silverplane San Francisco Acta Venita Mar Yokonsma Apetownis Temple Iname Youngstown White Funeral Home Bellflower Sires Earl Milthorpe Sires 11Th St Martin J. Bruer First Lutheran Church Sunnyside Memorial Park Mr. Sires Baming Lumbago Kortose KOR. Com Teatro Abe Cata Jortose Capaula Coliat
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