U.S. business week shows high sales and tariff trends
Favorable business conditions persisted this week despite Thanksgiving closings. The stock market hit two new 20 year highs while electric power output rose to a record. Retail trade improved across major areas with strong cash register activity signaling a robust Christmas season. Demand for toys grew as winter weather arrived and wholesale orders rose for both prompt and future deliveries. Prices for most goods edged higher, though a Friday setback suggested inflation pressures might ease briefly. Freight carloadings remained strong, while automobile production fell due to material shortages and model changes. Soft coal and crude oil output rose amid cold weather, and engineering construction awards climbed. Paper and paperboard outputs held near capacity and record electric power use topped prior weeks.
MENTIONED IN THIS ARTICLE
New York
Dun & Bradstreet
United States Steel Corp. and
Steelworkers Union
Trend in Stock Prices Analyzed for Past Week
The Dow broke to a new high last Wednesday with the highest close since Sept 18 1930 and rails matched a prior high. The rally was led by non ferrous metals and oils, indicating inflationary buying. Investment funds pension plans and trust investments fuel demand for common stocks. The analyst cautions against over enthusiasm while remaining bullish long term.
MENTIONED IN THIS ARTICLE
Las
Korea
Industrials Reach Near 235 245 Objective In Upward Run
CHAPELLE and Curtin Analy sis note new highs by industrials Thursday and a Friday rise expected. The near-term target 235 237 may mark a temporary top. 230 228 provides cushion for a rebound. Harvard economist Sumner H. Slichter disputes common economic delusions about production, taxation, and inflation in a Chicago talk. He argues a production race with Russia is not solved by steep tax or excess profit moves and endorses a pay as you go defense funding approach.
MENTIONED IN THIS ARTICLE
Chicago
Sumner H. Slichter
Harvard
U. S
Russia
Trustees Ordered to Quit in Rail Disaster Action
New York move by Gov. Thomas E. Dewey seeks a full housecleaning of the bankrupt Long Island Railroad after a Thanksgiving wreck killed 77 and wounded 325. He demands resignations of Trustees David E. Smucker and Hunter L. Delatour by Monday or court action will remove them. Dewey takes command of a 16 hour probe with officials to fix safety lapses and prevent further crashes. Preliminary findings show the express engineer ran signals at high speed past a stalled local at Kew Gardens.
MENTIONED IN THIS ARTICLE
New York
Thomas E. Dewey
Longsland
David E. Smucker
Hunter L. Delatour
Smucker
Delatour
Dewey
Long Island
Kew Gardens
Queens
Grand Jury to Probe Cohen Income and Tax
A U S grand jury in Los Angeles will hear results from an 18 month Bureau of Internal Revenue probe into gambler Mickey Cohen’s income taxes. The panel will also investigate Cohen’s affairs and the disappearance of former fight manager Eddie Borden, who vanished three weeks ago. Assistant U S Attorney Ray Kinnison said the tax probe, originally to run two years, accelerated and a report is due in three to four weeks.
MENTIONED IN THIS ARTICLE
Los Angeles
Bureau of Internal Revenue
Mickey Cohen
U. S. Attorney’s Office
Grand Jury
Little Mobsters
Eddie Borden
A. S
Ray Kinnison
Bureau of Internet Revenue
Carpenters Pay Dispute End Parleys Topic
Los Angeles November 25 carpenters union reps from 12 Southern California counties meet to study a new proposal to end a five month strike against two contractors associations. The plan would raise carpenters to 2.35 per hour starting December 11 through April 1952 and boosts for related trades.
MENTIONED IN THIS ARTICLE
Los Angeles
CEA. &. L. Carpenters Union
California
Associated General Contractors
Building Construction Association of California
Injured L. B. Flier Expected to Recover
Attendants at Los Angeles General Hospital reported LeRoy Burt age 26 of 1140 East First Street remains seriously ill but not critical after a light plane crashed into a house at 722 West 132nd Street during an attempted landing in an empty field following engine trouble.
MENTIONED IN THIS ARTICLE
Los Angeles General Hospital
LeRoy Burt
First St
Burt
132Nd St
Los Angeles
Markets at a Glance New York Nov 25 Stocks TVS Up
Markets at a Glance reports steady stock activity with TVs up and mixed road performance. Notes show firm prices in Western coal and wheat markets, with firm gains in livestock feed and cold weather affecting oats. Hog and cattle mostly steady, markets reflecting minor shifts and price fixing signals.
MENTIONED IN THIS ARTICLE
New York
Westego
Wacote
Pirm
Chinning Hances
Labor Force Shifts and Wage Pressures Forecast
The text argues that over the next 14 months a tightening labor force as 1.5 million men join the service will push wages up. Output per manhour would fall, increasing labor costs. It suggests only indirect methods can curb price rises by forcing high unemployment, around 4 million, so unions cannot push wages faster than hours output advances.
Rent Decontrol Battle Reaches Supreme Court
Los Angeles plans to appeal a federal appeals ruling declaring the city council's rent decontrol resolution invalid. The Appellate Court reversed the district court, sending the case to the Supreme Court while Housing Expeditor Woods faced scrutiny over a July recording used to justify decontrol. Union official Leon Clifton will be questioned by the city council regarding the recording.
MENTIONED IN THIS ARTICLE
Los Angeles
Supreme Court
U. S. Supreme Court
Federal Court of Appeals
William H. Neal
Washington, D. C
Federal District Court
Tighe E. Woods
Woods
District Court
Leon Clifton
Button
Retail’ Clerks Union
Legal T70
Hirt
Demand for Oil Products in 1960 Reported by Committee
A congressional committee headed by Rep. Harris of Georgia reports the immediate outlook for the oil industry as satisfactory. Domestic demand is projected at 6,400,000 barrels daily, with September imports averaging 828,100 barrels per day and exports at 280,000 barrels daily. Richfield Oil Corp. issues a booklet, Facts About Oil, prepared by the American Petroleum Institute. Various drilling and exploration updates follow across the Wilmington and Santa Rosa areas, including Harbor Community wells and activity by General Petroleum, Union Oil, and others.
MENTIONED IN THIS ARTICLE
Ethel D
Congressional Committee
Rep
Harris
Georgia
Richfield ON Corp
Charles Jones
Richfield
Oil Industry Information Committee
American Petroleum Institute
General Petroleum
Wilmington
Harbor Community No. 23
Harbor Community No. 24
Jay Harbor Community No. 59
G. P
Essex
Charter Revision Task Faces City Council Committee
City Atty Irving M. Smith told committee chair Herbert R. Klockstein that the charter amendment proposal from the Civic League requires extensive analysis. With 1804 sections and many policy changes including council member election at large, the study will proceed one section at a time and will depend on California state law. Long Beach officials noted delays as Smith plans to review general laws and draft precise language after January 1 to meet proponents aims.
MENTIONED IN THIS ARTICLE
Irving M. Smith
Herbert R. Klockstein
Civic League
Smith
League
Department of Administrative Management
Samuel E. Vickers
Klockstein
Vickers
California
Long Beach
Pethet
Boysen Developer of Berry Dies at 55
ANAHEIM Nov 25 Rudolph Boysen 55 who developed the boysenberry died today after an extended illness. Boysen city superintendent of parks developed the berry while living at Napa Calif. He brought the parent stock here 25 years ago and turned it over to Walter Knott for commercial exploitation. From that start Knott's Berry Farm grew into a famed tourist attraction.
MENTIONED IN THIS ARTICLE
Anaheim
Rudolph Boysen
Boysen
Napa
Calif
Walter Knott
Knott
Tools Stolen From Open-bed Truck
A thief stole repair tools from an open-bed truck near Police Chief William Devers office yesterday. Local resident Willa Williams reported the incident, with authorities noting the loss of several hand tools and a pry bar.
MENTIONED IN THIS ARTICLE
William Devers
Willa Willams
Band Review Tonight Draws 500000 Spectators in Long Beach
An all Western Band Review is set with 500000 expected in the reviewing stand to honor a prominent figure. Notables from the west attend including the commander of the 2nd Military Division of Mexico and governors from Northern and Southern Baja California. The event features 97 of 98 marching bands, strict timing, and minimal delays. Mayor Burton W. Chace leads the final send off after a banquet with Band Review officials and visiting groups.
MENTIONED IN THIS ARTICLE
Mexico
Baja California
California
Santa Claus
Aohead
Burton W. Chace
Junior Chamber of Commerce
Long Beach Convention and Visitors’ Bureau
Band Review
Larry Collings Jr
Chace
Jimmie James
Jack Horner
Iran Sees Slipping Toward Soviet Orbit Worries U S
Tehran reports say Iran grows closer to Russia amid tensions with the United States. Ambassador Henry Grady to return home for routine talks after Iran bans overseas VOA and BBC broadcasts and a key oil agreement faces parliamentary hurdles.
MENTIONED IN THIS ARTICLE
Tehran
Tran
U. S
Henry Grady
Washington
Iran
Russia
United States
Grady
Voice of America
British Broadcasting Corporation
iTranian Majlis
Anglo-Iranian Oil Company
Climbers Strive to Reach Wreck of Mission Plane
Moran Wyoming scene recounts search efforts for a DC-3 wreck on Mount Moran as 21 aboard New Tribes Mission airliner may have perished. Two climbers fought weather and cliff faces reaching 1700 feet before retreating to base camp after seven and a half hours. The plane disappeared Tuesday night on a Chico California to Billings Montana flight.
MENTIONED IN THIS ARTICLE
Moran
Wyo
Mount Moran
New Tribes Mission
Chico
Calif
Billings
Mont
Youth Leader Honored at Party at Municipal Auditorium
Don Locher a Redlands University student and president of the Southern California Arizona Conference of the Methodist Youth Fellowship was honored at the conference president's party last night. Folk games and square dances filled the program with Ozzie Stout and Mar ipie leading the dances. Phil Griffen of Montebello served as general chairman with blue and silver star decorations by Steve Dodge and arrangements by Pinkie Nelmes.
MENTIONED IN THIS ARTICLE
Don Locher
Redlands University
Southern California-Arizona
Methodist Youth Fellowship
Municipal Auditorium
Maripie
Ozzie Stout
Phil Griffen
Monte ‘Bello
Steve Dodge
Pinkie Nelmes
Storms Paralyze East and Midwest Across Nation
A massive blizzard paralyzed the East and Midwest with heavy snow, power outages, and transportation disruptions. Long Island shelters opened for heatless families while trains and planes faced widespread delays. Ohio, Pennsylvania, West Virginia, and Virginia reported severe snow and cold as Newark and Jersey City declared emergencies and coastal areas faced rising waters.
MENTIONED IN THIS ARTICLE
Staten
U. S. Steel
Airitatlor
Washington
Cleveland
Weather Bureau
Ohio
Akron
Youngstown
Canton
Warren
Akron Beacon-Journal
The
Youngstown Vindicator
Baltimore
Skty
Sestern Mountain
Washington County
Potomac
Charleston
W. Va
West Virginia
Clarksburg
Atlanta
Mississippi
Alabama
Tennessee
Nashville
Tenn
Bowling Green
Jacksonville
Fis
Miami
Pittsburgh
New York
Illinois
Penn State
University of Pittsburgh
University, Miss
Tuscaloosa
Ala
Midwest
Reds Counterattack Fails To Halt U N Drive In Korea
United Nations forces push north from Chongju and Taechon as the 24th Division seizes hilltops near Chongjin and a ROK Capital Division advances toward the Suiho Dam region. B29s and fighters support the offensive amid light resistance on several sectors.
MENTIONED IN THIS ARTICLE
Yongun
Chongju
Yaltu
Sinulju
24Th
Kusong
Taecon
South Koorean First
U.N
Suiho
Yalu
Ninuiia
Man‘¢huria
North Korea
Eighth Army
Gen
MacArthur
R. O. K. Capital Division
Chongjin
Siberian
U. S
R. O. Ke
Pakchon
Korea
Taechon
IR. O. Ks
First Corps
Reds
Also Mentioned on This Page
G. A. Phillips
Chritter
Dow-Jones Industrials
Faulke
Macgergor
Hutton & CO
Chapelle A & Curtin Analy
Sis
U.S
Cohen
L. B. Flier
By Emmet F. Riordan
Santa
Gene Reid
Carrizo Plains
Standard Qi
Neroly
Contra Costa County
Brown Drilling Co
Coast and
Southern California
Pandberg
Sree
Gan Ganrtel
Gan Diegagh Baaum Ayalon
paiNeedies
San Pedro
Newport
Oceanside
Rtatk
Torrance
OREO
Etna St Ie
Erside
Over the Nation
Portland
Ore
Nile
Ion
Rapid City
Albuquerque
lHelens Rand
Indianapole
Boxerafield
Jacksonvill
Kalispell
Algae
Knox
Beaton
Brownsvil
San Francisco
Medford
Cheyenne
Memphis
Cincinnat
Wall Minneapalis
North Pi
Detroit
Ben Moines
Okishat City
Winnemucca
Dodge City
Fandleton
Winslow
Eureke
Pitts
Arcrotara
Bocatello
Arabia
Soviet
State Department
Peliston
Mich
iChicago
New Jersey
Hudson & Manhattan Railroad
New York City
Newark
Jersey City
Passaic River
Ralph Villani
John V. Kenny
Kenny
Connecticut
Liberty
R. I
Navy
Coast Guards
Boston
Pennsylvania
Lake Erie
U. S Weather Bureau
Frank J. Lausche
Cleveland Ohio National Guard
Thomas A. Burke
112Th Combat Engineers
Ontario
Canada
Prairies
Quebec
Preson
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!