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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 04, 1950
Page
5
New York reports a small seasonal dip in activity with near capacity industry and record electric power output. Retail trade softens on hot weather and strict credit terms while unemployment hits a two year low. gains in power, bank deposits, and money supply offset some declines in steel, coal, and auto output.
The market remains nervous amid election and policy questions. Analysts foresee risks from taxes, priorities, price and wage controls, and credit restrictions, but large funds and pension investments may push stocks higher. A November dip is possible, with a potential recovery into January if conditions clarify.
Washington reports rising UN concern as Chinese Red forces in Korea threaten broader conflict. MacArthur refrains from estimating forces while Allied analysts note potentially over 300000 troops near the Korean Manchurian front and warn of a possible third world war.
In St Louis area yesterday about 3000 Southwestern Bell workers walked out in protest over six suspended truck drivers delaying materials from Western Electric. Peace talks failed early today as CWA president Beirne warned the walkout could spread through Missouri Kansas Oklahoma and parts of Texas.
China Nationalists said today that 12,000 of their guerrillas raided an important southwest China city, inflicting 500 casualties and signaling a major operation near Silang. The report, filed from Taipei Formosa, notes the raid as a significant guerrilla action amid ongoing hostilities.
President and Mrs Truman attend the funeral of Pvt Leslie Coffelt who died protecting the President during an attack on Blair House. The service at Fort Myer included Army honors, a caisson procession to Arlington Cemetery, and the participation of White House police, Secret Service, and friends.
Allied reports say the two lost Marine battalions near Unsan and Mason, west of Wonsan, were largely out of touch but moving back toward friendly lines. Some 2600 Chinese troops were repelled near Kum as Allied forces hold a new defense line.
In Colorado the Stanolind gas discovery near La Plata County is projected to yield 40,000,000 cubic feet daily from the Dakota and Morrison sands, signaling a large northeast gas reserve. Southwest tests, pipeline work to Toprock Arizona, and multiple wells across California, Terminals, Wilmington and San Joaquin districts show rising crude stocks, daily outputs, and ongoing drilling activity.
Fire officials estimated losses exceeded fifty thousand dollars after a blaze near Paramount Boulevard spread to a salvage yard and war surplus yard. A destroyed residence belonged to Mrs. W. C. Reiss, with seventeen wrecked autos and a house trailer lost at Wynne Auto Salvage. Firefighters saved three nearby homes as flames jumped to grease and other volatile materials, causing explosions and a high orange blaze. An off duty firefighter leaped clear as a flaming drum arced toward a fire engine. Authorities traced the start to a trash fire near Paramount Boulevard, with a Bellflower road worker noting tumbleweeds carried embers to the dump.
In Municipal Court Judge Martin DeVries sentenced Jack L. Cowan for disorderly conduct after a five hour trial correction. Acquitted of resisting arrest and charged Charles M Ostro 18 not guilty of disorderly conduct. The drive-in cafe arrest at Carson Street and Atlantic Avenue a month ago sparked a near riot. Defense witnesses claim Cowan was beaten by officers.
Mrs Blanche Shafer reported theft of a purse containing 70 dollars last night. A thief punched a hole in the closet window screen to gain entry and steal the purse at 1750 East First Street.
Reports say guerrillas captured Silung city, a county seat in Kwangsi Province, 175 miles east of Kunming, after a three-hour fight on October 25. They took 100 prisoners and tied up the Red garrison. World War II U.S. Air Force headquarters were noted in China.
Ortland Maine November 4 Theadventurous Lynn Fontanne broke her left wrist in a sidewalk fall less than two hours before curtain. She carried on with Alfred Lunt in I Know My Love at State Theater before a 2200 seat crowd. Hospital visit set the bone and she planned to perform again today despite the injury.
Western nations including the United States Britain and France prepared to reject a Soviet led German unification plan proposed at Prague and backed by Molotov The plan urged creation of a single all German constitutional council to govern and ban rearmament while withdrawing occupation forces American officials dismissed it as propaganda to derail rearmament and block Western plans for a Western German defense network
Los Angeles County voters will decide on Proposition A a plan expanding disability retirement death benefits for peace officers and fire personnel and adding dependent parents as beneficiaries. Opponents fear taxpayer funded deficits and inequities. supporters tout nonpolitical administration and improved morale and recruitment. The measure is the sole county proposition on the regular ballot and faces heated debate ahead of Tuesday’s election.
Local briefs report Captain Loren Q. Martin of the police department returned from New Orleans as a witness in a court trial. He and Mrs. Martin left for San Francisco to attend the funeral service of her brother Eugene P. Thompson, who died earlier this week at the U S Marine Hospital in the Bay City.
Tokyo November 4 1944 Gen Mace Arthur's spokesman said travel of U S military dependents to Japan will not be resumed at this time Dependents who left Japan for temporary visits in the United States may return Control over entry to all Pacific areas moved from joint chiefs of staff to local commanders Dependent travel to Guam and the Philippines should resume promptly Entry into Okinawa will depend on available housing
Sacramento reports a 20 percent cut in fire insurance rates for veterans using state home loans. Effective December 1 the premium drops to 60 cents per $100 for five year term policies, down from 75 cents. State Veterans Affairs Director D J Callaghan Jr cites low risk from well located, soundly constructed homes under the state financing plan.
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