Weekly business and industry roundup from New York
New York reports mixed signals as defense demand rises and wage and tax pressures grow. Steel cuts and material shortages trim output, prompting plant shutdowns at Ford, Champion, and Hudson. Auto workers seek a cost of living bonus amid wage talks. consumer prices show inflation risks and spending remains cautious.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Servel, Inc
Evansville
Ind
Ford Motor Company
Champion Spark Plug Company
Toledo
Ohio
Hudson Motor Car Company
Washington
Wagr Stabilization Board
Ford
Fackard
General Motors
Walter P. Reuther
Cio-United Auto Workers
Auto
Bureau of Labor Statistics
Pulp and Paper
Pacific Coast
Wage Stabilization Board
Adlan B. Kline
American Farm Bureau Federation
Weir
Dun
Broadstreet
Federal Reserve Board
Supreme Court
Pastor Seaboard
Vividian
Defense
Defense Department
Trend of Stock Prices for Past Week Analyzed
The New Industrials fell to 242.68 shaving the 243.95 low as 600000 shares traded in the second hour. A rebound followed with 680000 shares in the third hour and 570000 in the final hour as buying optimism grew. The piece notes potential institutional buying and cautions against a swift recovery while urging care with durable, dividend stocks.
MENTIONED IN THIS ARTICLE
McMaren
TVA
Rome
Perman Institutional
Market rebounds after sharp decline amid divergent signals
Hives declined a maximum of 22 points in 28 sessions as measured by industrial averages, suggesting a potential rally back into the 250-255 range. Analysts note 50 percent corrections are common, and despite fears of a bear market, the recent bounce above key support points reduces downside risk while signaling a possible timely recovery.
MENTIONED IN THIS ARTICLE
Bear Mart
Ambush Strikes Deep as Reds Slaughter Yanks 405 Lost
In a two hour assault, Chinese forces ambushed a U.S. convoy. Maj. Claude Baker led the first battalion through a defile before a white-clad attacker opened fire. Casualties mounted as tanks, artillery and infantry countered, with Major Wilson ordering withdrawals and hundreds dead or missing.
MENTIONED IN THIS ARTICLE
Wilson
Claude Baker
Saranac, Mich
Charlie
Clarence E. Stuart
Freeland
Mich
535Th
Cpl Berr
Combs
Elgood
W. Va
Keefy
Horace W
Nazareth
Able
West
Saker
Hi West
William Hedberg
Honolulu
James L. Harrison
Riverside
Calif
Kenneth Bunting
The
Sidney Blum
New York City
2Dth
New Shell Division Chief Named for Los Angeles Basin
Eastin, who began with Shell as a roustabout in 1938, will become division chief in the Los Angeles basin tomorrow. He succeeds W. C. Chonette of San Marino and has held roles including coastal division engineer at Ventura in 1947 and regional office work in Los Angeles since 1949. Eastin, married with no children, plans to move his family to Long Beach.
MENTIONED IN THIS ARTICLE
Eastin
Shell Ol
Ber
Shell
Los Angeles Basin
W. C. Chonette
San Marino
Los Angeles
Fastin
San Pedro
Signal Hill
University of California
Long Beach
Oilfields
Calif
Weroming
Ventura
Noi
Market outlook hints at continued rally after oversold dip
The passage notes only one instance where advances exceeded expectations and suggests the oversold condition may not fade quickly. It predicts a roughly 30 percent correction, possible 50 percent retracement or test of today's lows, then a traditional summer rise may begin.
Hay Prices and Market Notes Reported
Fragmentary market update shows hay price references and crop data with figures such as 43.00 and 43.90 percent, alongside garbled terms like Nov 1 and ST.L05. No clear entities or coherent events emerge beyond scattered price references.
MENTIONED IN THIS ARTICLE
Nena Serilen
Neet
MacArthur Testimony Sparks Fight Over Policy Versus Orders
Senator Cain presses Collins as he revisits claims that General MacArthur violated policy, not an order, by advancing troops toward the Yalu without Joint Chiefs of Staff consultation. Collins argues the issue centers on policy directives dated September 27 and the Inchon strategy. Senate leaders also clash over MacArthur’s Formosa letter and air campaign plans with Manchuria bases.
MENTIONED IN THIS ARTICLE
Cain
Collins
Courtney Whitney
MacArthur
New York
Whitney
U. S
Yalu River
Manchuria
M'Arthur
Joint Chiefs of Staff Jy
Joint Chiefs of Staff
Sen
R.wash
Gen. Collins
Gen. MacArthur
Gen. M.arthur
Colling
Ant
Gen
Australia
Philippines
Russell
D.-Ga
Knowland
Cr-Calif
Veterans of Foreign Wars
Formosa
White House
Truman
Joint Chiefs
Inchan
Korea
Inchon
Sen. Wiley
R-Wls
State Department
Suspect claims blackout in Santa Ana slaying probe
Investigation chief said evidence enough to convict without a confession. McCracken, jailed in Santa Ana, showed impassivity over the child’s body and grand jury verdict. Detroit crimes and prior sex-offense records surface as detectives seek links to Rochelle Glaskoter case.
MENTIONED IN THIS ARTICLE
Sherif Sg
Bord Sturgis
James A. Musick
Steins
Buena Park
Santa Ana
McCracken
Associated Press
Detroit
Michigan
Little Patty
Sally Wiley
Fourth St
Dist
Atty. Davis
Hank Wiley
Glaskoter
Rochelle Gluskoter
Orange County
Patricia Jean Hu
Garner Brown
Ft. MacArthur
Army
Brown
Local Briefs From Long Beach Community Calendar
Rummage sale planned by the University Club junior group for Monday and Tuesday at 1154 Pine Ave. Long Beach Horological Guild to meet at Eaton's Chicken House at 7 p m Monday with Coy Sanders speaking. Corral 1 of Equestrian Trails Inc officers to be elected after breakfast at 9 am tomorrow at Long Beach Mounted Guard clubhouse 3400 Golden Ave. Andrew Daniel Elkins and William R Brewer awarded bachelor of professional arts degrees from Art Center School Los Angeles this week. Joan Fay Dreyer and Nancy Low Hinckworth named to Whittier College sophomore service committee for 1952-52. American Flags presented by Golden State Auxiliary 279 VFW to Happy Bloomfield Busy Blue Birds junior Camp Fire Girls and Cub Pack 28. A female collie found at 2501 Palm Dr by Mr. and Mrs. Ralph Spiller being sought for owner or a home by the Pet Protective League.
MENTIONED IN THIS ARTICLE
Corral 1
Equestrian Trails, Inc
Long Beach Mounted Guard
Golden Ave
Andrew Daniel Elkins
D. L. Elkins
Chestnut Ave
Wiliam R. Brewer
W. A. Brewer
Croft
Art Center School
Los Angeles
Joan Fay Dreyer
E. L. Dreyer
Pacific Ave
Nancy Low Hipllingsworth
JT. E. Hollingsworth
Monrovia Ave
Whittier College
Golden State Auxiliary
VFW
Edith Robinson
Auxiliary
Happy Bloomfield Blue Birds
Busy Blue Birds
Camp Fire
Cub Pack
Collie Stray
Ralph Spiller
Palm Dr
Callie
Pet Protective League
Evangelist Essie Brinkley Brings Girls Town Choirs
Essie Brinkley West evangelist and founder of the Sunshine Mission for Women will bring the Girls Town choirs from Riverside to Long Beach. They appear twice at Town Hall tomorrow at 2 30 p m and 7 30 p m. Admission is free.
MENTIONED IN THIS ARTICLE
Essie Brinkley West
Sunshine Mission For Women
Los Angeles
Soul and Body to be Explained in Sunday Lesson
Christian Science churches plan a Sunday lesson on Soul and Body with correlative citations from Science and Health. Mind is the master of corporeal senses and can conquer sickness sin and death, the text states.
Youth Will Conduct Service at Compton
A County Christian Endeavor Deputation team will visit St. John's Presbyterian Church in Compton at 7 30 p m tomorrow to conduct a Youth Night service. Members of the church and friends invite all visitors. Rev Bruce Kurrle pastor will speak on a Memorial Sunday theme at the morning service.
MENTIONED IN THIS ARTICLE
County Christian Endeavor
St. John's Presbyterian Church
E. Rosecran Blvd
Compton
Bruce Kurrle
George Seeks Lost Calie Dog at John Muir School
George Seeks Lost Calie dog, a black and white calie dog, missing since about 4 PM Wednesday near John Muir Elementary. George, a fourth grade pupil, asks everyone he meets if they have seen the pet. His mother Mrs B A Tyner offers a reward for the return.
MENTIONED IN THIS ARTICLE
George Sara
John Muir Elementary School
Calie
George
Mra B. A. Tyner
van Bureg St
Allies Struggle as Reds Retreat Across North Korea Front
Allied and Chinese forces fight along a rapidly moving North Korean front. Western front reports describe boggy roads hindering mechanized units while Reds race northward. Yangyang falls to South Korean forces on the east coast as American and French troops push to expand the Inje bridgehead amid night fighting and prisoner recoveries.
MENTIONED IN THIS ARTICLE
Yangyang
Inje
Inj
1St Marine Division
Leutenant
U.S
Vermillion
Seoul
38Th Parallel
Charwon- Kumwha-Pyonggang Triangle
An &Th Army
North Korea
U. S
Seoul-Uijangbu-Chonggo
Chungchon
Chunchon-Hwachon
Chunchon-Yanggu
East Central
Hangye
Hongshonainje Road
Bethany Baptist church children perform King of Kings concert
The Bethany Baptist Jay School children ages 7 to 11 will present a sacred concert titled King of Kings at the Christian and Missionary Alliance Church on 11th Street and Lemon Avenue. Mrs. Lilah Thompson directs the group, marking their fifth appearance after previous shows at Bethany Baptist First Assembly of God and other local churches. Twenty five singers will later appear on Al Jarvis' TV program next Tuesday at 5 p.m.
MENTIONED IN THIS ARTICLE
Bethany Baptist Jay School
E. Hill St
Christian and Missionary Alliance
11Th St
Lemon Ave
Lilah Thompson
Bethany Baptist First Assembly of God
Wrigley Heights Baptist
Bellflower First Baptist
al Jarvis
Bond Obituary A Long Beach Woman Dies in Orange Hospital
Letty Estelle Bond 55 of Euclid Ave died yesterday in an Orange hospital. She had lived in the community since 1932 and was a native of Pond Creek Oklahoma. Surviving: widower Bond a son Lawrence L Fullerton three sisters and two grandchildren. Funeral Tuesday 2 p m at Han o Brothers Chapel Garden Grove. Interment Far Haven Cemetery Orange.
MENTIONED IN THIS ARTICLE
Bond
Garden Grove
Letty Estelle Bond
Euclid Ave
Orange
Pond Creek
Okie
Lawrence L. Fullerton
Belle Loige
Dodge City
Clara Hergert
Myrtle Ball
Yoinda
George Hadi
Yorba Linda
Hano Brothers Chapel
George E. Jenkins
Rameena Park
LaFavre
Durns
Long Beach
Mottell's Chapel
James Paul Sherwood
Moore Memorial Methodist Church
Also Mentioned on This Page
By Richard Fiske
Dow-Jonas Industriale
Paul FB. Macgregor Hof
Hitter & Company
Ite
Hght
Hudson Motors
American Tron and Steel Institute
Cleveland
House
Ways and Means
Koreas
H. DE LA Chapelle
Webber
Jackson & Curtis
Reds
New Shell
Russia
News Service
Eldin X. Tobin
Salvation Meeting
Pine Ave
God
Bituaries
Cuyler
Herbert F. Cuyler
Obispo Ave
Forest Lawn Memorial Park
Glendale
E. Willow
Rosalie
Marjorie Savoie
Elsie Lawe
Edward H. Cuyler
Otto J
Philco
Motorola
Mary
Long Beach Boulevard
Carson
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