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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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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
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First Methodist Church
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
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