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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
May 19, 1948
Page
9
Treasury report notes May 17 position compared to a year earlier with figures for expenditures receipts and balances. It lists fiscal year receipts and expenditures, excess of receipts, and total debt with amounts in dollars and cents.
The Prefabricated Home Manufacturers Institute promotes three guidelines for buyers. Prefer local dealers who will erect the home, ensure the price covers a complete house, and verify conformity with industry standards or FHA mortgage requirements. A standard CS125-47 promises strength, space, insulation, ventilation and proper facilities.
A 1948 Pepsi-Cola promotion touts a Family Sweepstakes prize of 25 000 dollars with monthly state and national cash prizes. Entries earn a Treasure Certificate and close date is June 30 1948.
Servel Inc announces price reductions on two gas refrigerator models as part of efforts to curb inflation. A four cubic foot unit drops from 193.50 to 188.25 installed, and a six cubic foot unit falls from 269.50 to 258.25.
Phillip Poppler head of the Tist Assembly District Republican Assembly will speak Thursday night at 8 in the Masonic Temple 835 Locust Ave Ron Supreme Court Decisions on Racial restrictive Covenants will be discussed A report on the Santa Cruz Republican convention will be reviewed and a short business meeting held Floyd Vinson says Poppler seeks a place on the Republican County Central Committee
H. H. Maddren was elected president of Republic Petroleum Co. to succeed C. C. Spicer who resigned due to poor health. Maddren had served as vice president since 1954 and Raymond A. Earle was elected vice president. the firm holds assets in New Mexico Wyoming and California.
New York foreign exchange rates show Canadian dollar open at 92.50 U S cents, Europe and Britain unchanged. France franc at 74 of a cent, Sweden krona 27.85, Switzerland franc 23.40, Argentina 23.07, Brazil 5.50, Mexico 20.62.
London stocks activity and a flood of deeds recorded appear in the May market sheet. Transactions show transfers of properties across multiple addresses and names including Pacific and Prospect avenues with various buyers and trustees noted.
Oil history notes discuss early California drilling from Ventura Humboldt and Santa Clara counties. Sutter cites Silliman’s 1864 forecast of coast petroleum wealth as exploration grows with Kern River field wells and new platforms in Lomita Torrance and Seal Beach districts.
Jury selection was to finish this afternoon for the retrial of Gordon A. Ash 27 Frank A. Moore 30 and Thomas A. Pierce 25 Army enlisted men accused of the Feb 8 armed robbery of Sybil Shaw Huntington Park Western Union office manager. A prior trial ended with a hung jury. Moore and Ash had prior convictions for a Long Beach motel holdup awaiting probation investigation.
Harry Billings of Campton, chairman of the 69th Assembly District Democratic Central Committee, named as an alternate to ex-Congressman Clyde Doyle for the Democratic National Convention in Philadelphia in July. A special train from Los Angeles will carry delegates. If Billings cannot go, he will ask the state central committee to name another alternate.
Lt. Col. John W. Waterman announced a troop school for officers of the First Provisional Infantry Reserve Regiment at 7 30 p m tomorrow. The session will be held at the Officers' Club on the Army Air Base with a motion picture of the Los Angeles Dons football team to follow.
New York May 1 Edison Electric Institute reports power production rose for the third consecutive week after March and April declines. Last week output reached 108,673,000 kilowatt hours, up from 105,264,000 the prior week and 4,615,983,000 a year ago.
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