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This newspaper page contains 30 articles. Subscribers can read the full text of each article.

Newspaper

Long Beach Press Telegram

Location

Long Beach, California, United States of America

Date

Oct 19, 1951

Page

23

Auditors confront tax maze in todays business climate

New York reports auditors struggle with a rising tax rate as Congress hovers between hard lines and concessions. The article notes tax planning now drives decisions on wages, pensions, inventories, capital, and expansions, with firms forming tax departments to preview tax effects on deals.

Rails Ask New Freight Rate Rise

Washington reports railroads petitioned the Interstate Commerce Commission for about a 7 percent freight rate increase to offset rising costs. They noted a previously applied 15 percent request and argued August’s 6 to 7 percent rise was inadequate. The railroads’ estimate of $650 million extra annually assumes higher intrastate freight volumes.

Washington Interstate Commerce Commission ICC Association of American Railroads

Canning of Tomatoes Sets Tonnage Mark

Sacrament officials report California canning tomato crop has broken tonnage records with weeks remaining. The California State Fruit, Inspection Service said by Oct 12, 41,639,992 tons had been inspected and passed, surpassing the 1947 record of 1,378,000 tons.

Sacramento CEI California

Hancock Oil Declares 50c Regular and 25c Extra Dividend

Hancock Oil Co of California will pay a 50 cent regular dividend and a 25 cent extra dividend per share on December 1. Stockholders of record as of November 15 will receive the disbursement. The company, headquartered in Long Beach, is described as a leading independent petroleum concern in the western United States.

Hancock Oil Co California Hancock Oil Long Beach

Foreign exchange rates in New York open and futures quoted

Foreign exchange rates from New York show Great Britain pound and U S dollar values with discounts and futures, plus listed rates for Belgium France Italy Netherlands Switzerland Argentina Hong Kong and other markets. Readable figures include dollar discounts, futures percentages, and cross rates across multiple currencies.

New York U. S Great Britain Britain Belgium France Euler Italy Kroni W.rs Switzerland Merica Argentina el Brat Hi Maxton Venezuela Holivar Far East Hong Kong

Promotions Boost Retail Business

Dun & Bradstreet reports a weekly rise in retail activity with overall volume 2 percent below to 2 percent above a year ago. Hardware and furniture demand increased while home appliance interest dipped slightly. Sports gear kitchenware lamps jewelry car coverings and incidental furniture sold well. Television sets sold better than last week but remained well below year ago levels with dealers overstocked on 1951 models.

New York Dun & Bradstreet

Gas From Texas Due Under New Contract

Milford Springer, former city attorney, told the Los Angeles Bar Association that Southern California will import most of its natural gas from Texas under a 40 year contract with El Paso Gas Co. A daily average of 105,000,000 cubic feet is already flowing, enough to power about 6,000,000 people from Fresno to Mexico, via a $100,000,000 pipeline.

Los Angeles California Texas Southern Counties Gas Co Los Angeles Bar Association Milford Springer el Paso Gas Co Fresno Calif Mexico

GE President Attacks Two Federal Policies

GE President cites a 24 percent drop in net profits and argues two federal policies hinder corporate management. He condemns retroactive tax increases by Congress and the executive branch’s delays in providing price relief under the Capehart amendment of the Defense Production Act.

Schnectady General pElectric Co Congress Ypment

Woman in White Trail Grows Cold in Baby's Disappearance

Michigan City report says pursuit of a woman in white faded as police traced two false sightings. A Beatty Mental Hospital former employee and her husband, an Indian factory worker, had been missing. A letter postmarked Saturday from Sioux City suggested further leads, while a Chicago detainment claim was ruled out. The infant Lawrence James Lyons, born Oct. 9, vanished from St. Anthony Hospital's fourth floor nursery.

Michigan City Ind T Syoman Beatty Mental Hospital Westville Beatty Hospital Sioux City Iowa Chicago Hammond Indianapolis LawrenceJames Lyons St. Anthony Hospital John Boehlein

Cutters Put Line on Grounded Ship Off Cape Henry

Coast Guard cutters fired a hawser to the Greek coal ship Theaianos Livanos, grounded 50 yards off Cape Henry, as a 33 man crew fought pounding surf to pull the vessel free. High winds and seas, plus no Virginia pilot aboard, caused the incident. no injuries reported and hopes to refloat the collier by Newport News under its own power.

Norfolk Coast Guard Theaianos Livanos Cape Henry Newport News Virginia

Bonaventure Grounding Near Vancouver Island Spotted

The Panamanian freighter Bonaventure grounded off Vancouver Island early today but floated free and proceeded under its own power. A Coast Guard District spokesman said the vessel was taking on water in hold No 1 with no immediate danger. Coast Guard planes and ships stood by, not to be sent out unless needed. Crew size and destination were not immediately known. Lloyds Register lists the Bonaventure at 6895 tons.

Seattle Bonaventure Vancouver Island Iis 13Th Coast Guard District Coast Guard Lloyds Register

Southland Produce Price Falls Stopped in Septem ber

Los Angeles sees a six month drop in Southern California farm prices reversed in September. The Los Angeles Chamber of Commerce reports average farmer returns rose as grapefruit and lemons rallied. Moderate gains were noted in jams, milk, turkeys, and eggs, with steady beef and poultry values. Dried bean, cotton, and wool prices remained downward.

Los Angeles California

Treasury Report Summary From Washington Dated 1958

Treasury data shows receipts and expenditures for fiscal year, with cash balance and budget figures. The report cites customs receipts, budget estimates, and debt segment values, noting year over year changes and market context for citrus and commodities.

Treasury Report Washington Treasury

First B 36 Belly Landing a Success at Kirtland

ALBUQUERQUE Oct 19 They tried a belly landing of the B 36 bomber after landing gear jammed Nine crewmen parachuted while three rode the $3 5 million ship to a grinding stop on a Kirtland Air Force Base runway The aircraft based at Carswell AFB Fort Worth Texas was on temporary assignment here Captain Cape L W Brockwell described as the plane commander brought it back from an operational flight and ordered bailouts as fuel ran low Brockwell and crew made a deliberate belly landing into a 30 mile per hour wind observers called it a beautiful landing and Brockwell termed it exceptionally smooth with new props and some sheet metal work needed before the ship is airworthy again

Albuquerque Kirtland Air Force Base Carswell Air Force Base Fort Worth Texas Cape L. W. Brockwell Fianajan Til Kirtland Brockwell L. Beckman Ls Stokum

Boost in 5-Cent Fare Asked PUC

Long Beach officials petitioned the State Public Utilities Commission subcommittee to eliminate the five cent downtown fare. The request matches a recent city lines proposal to raise the zone fare to 10 cents on October 26, with added revenue cited to cover rising costs. The hearing, led by Clinton S. Abernathy, considered zones Bellflower-Lakewood to Cherry Ave and Tth St Bellflower.

Public Utilities Long Beach Motor Bus Co Long Beach City Lines Clinton S. Abernathy Utilities Commission Bellflower Lakewood Broadway-Santa Fe Paramount Orange Cherry Ave Tth Orange Ave Ocean Blvd Pico Ave Anaheim St

Sawyer Raps Budget Practices

In Columbus on October 19 VP Secretary of Commerce Sawyer criticized federal budget practices as promoting spending over saving and keeping incompetents on the payroll. He called for drastic revisions to cut nonessential services and warned that overuse of credit could damage the capitalistic system.

Columbus Ohio Sawyer Ohio State University Truman

Fragmentary Fire Department Dispatch Notes

A scrambled OCR fragment lists streets and responders including Signal Hall Fire Department and Dawnor Ave. It mentions alarms, ambulances, a Thursday time, and various street names suggesting a municipal fire or medical dispatch fragment with incomplete details.

Signal Hall Fire Department Dawnor

Cotton Market Prices and Trading Tone in New York

Cotton futures extend easy trading in New York with early covering, amid demand from commissions houses for near term deliveries. Private Atlanta reports noted improved crop conditions while Memphis described sellers’ reluctance. December through May quotes show varied moves and a generally weaker close.

New York Commission House Atlanta Ahin- Dera Fieagiet Memphis Tate Marsh Mares Migdling Naratazi

Markets at a Glance New York Stock and Bond Summary

Markets at a Glance reports mixed stocks and bonds with a cautious tone amid uneven price moves. Wheat and corn lead declines while staples show firm prices. currency notes include a yen reading and a stock average around 299.35 with a 100-base? level referenced.

New York Swinea

Union Feud Threatens Harbor Fallout Across Coast

ILWU regional director Bill Lawrence warned against AFL longshoremen raids on west coast work, noting no local AFL presence except Tacoma and threatening action if Isthmian Lines contracts are breached. In New York 3500 ILA workers refused orders, threatening to idle the port. Ryan aligned with rebel faction seeking new contracts, while ILWU and Bridges prepared responses on the Pacific coast.

Jmarine Pacific ILWU Bill Lawrence AFL atTacoma Wash Lundeberg Pacific Maritime Association New York AFL International Longshoremen's Association Wildcat Joseph P Ryan Hns Ryan ILA Manhattan Brooklyn Army-Navy Korea San Francisco lWerry Bridges Bay City Hig Biter APL

Old Love Flamed Again in 46 Year Reunion

An Iowa couple, divorced 46 years ago after vows in 1902, reunited in Murray Utah. Loran A. Clark and his former wife, now Mrs. Loran A. Clark, rebuilt their marriage after meeting again in Council Bluffs in 1949. They wed in Murray after planning a western vacation.

Murray Utah Iowa Loran A. Clark Council Bluffs Clark A. W. Cox Glways Mrs. Clark Knoc

Golden Dome Sets Site of New Hill Drilling

Yews of the oil fields report Golden Dome Off Go will drill by Signal Unit No 9 near Lime Ave in the Wardlow Rad area of the Signal Hill field. The company found a fault zone linked to strong production at several wells. Shell Oil abandoned its test at Bardsdais Dryden No 2 after reaching 14 154 feet. A 9 5/8 inch string was set at 9945 feet. Drilling since last Dec 29, the well sought to.

Golden Dome Lime Ave Wardlow Rad Signal Hill Shell Oil Bardsdais Dryden No. 2

Santa Clara field and accompanying oil discoveries

The Santa Clara field is designated after Southern California Petroleum Corp found its Newhall Land and Farms No 4 well, about 1500 feet southeast of production. Tide Water Associated completes its V L and W No 31 at Ventura Ave with a 692 barrel, 33 degree oil well, depth 10,660 feet, gaslift. Texas Co reports 11 new wells on Rosenberg lease at San Aldo. Los Nietos Co spuds Hartman No 1 wildcat near San Fernandes reservoir. In Washington the Coast Guard marine board blames Captain Edward Carroll and boat owner for the Sept 1 Pelican sinking that killed 43. boat overloaded from 20 to 61 aboard.

Steel Eec Tnt Harvest In Chemical Bruges Stigston Au Dravo Corpet Bearnik Ald Eto Amer Nat Steel & Ship Newark Servia Cayvat & Feltay New Eng G& ‘Au Coast Line Kewport Steel Fireman's Fund Norris J. & Nash Newark Ste Capitol Norris Asm Sherwin Wma AL Ee Generoundera Wise Glens Falls Chiksan Co Pac Airmouve Molyba Globe Cinecolar Pat Am Byron Ckeon Alma Accan Cleve Chile Co Flanover Fire AL Coca Cola Pao Mercury Hartford Fire Gonsi Rock Pao Mutuant Iw Col Pub Pac Pwr & Lt Es Brary Cag cv Pf Disney Wal Packard Bell Masa Bord Toot Pere Cement Mer & Fe Dusom Fkah National Fire Filtxol Co Portsmoutin Steel North River Fluor Ae Puget Sd Peli Ae Pures Corp Saqt Putterton Bie BS CA Ger Bankers Trust Bao Manhattan San Do Bi Diego Irving Trust Harnor Sierra Fac Pwr Seattle Matorssi S&f Stuart “Co America Tateratate Banke Orm Interttate Eng Tejon Tees Jenn Gas & Tre Aiby Edison AB Weber Facss U. S. Coast and Geodetic Survey Long Beach Southern California Gation— Bretlon L. A San Bernarding Bit Wien Los Angeles Catalingue Needles Gabriel Ayalon Agipemvente Newport Pedro Beaumonta Oceans de Salganta Ana Pamdale Santa Manlea Burbank Pasadena Catalina Robino Riverside Tarrance Culvar City Ugla Rapid City Helena Houston Indiana Bakerati Blamarck Jacksonville Lake City Bolte Kaliapel Bangananesses Brownsville Knoxville Little Rock T. Charlesto Medford Cheyenne Cleveland Cincinnat Denver Endleton TADAY Herth Sally Associated Cit Co London Belemor Briancaaver Apman & Sousel Grenani Nor San Fram Utkenbach New Orleans Rackly Et Ibbings Victory Yokohama We Ocean i San Francisco Henvine Paneengremr Ee Fortland Sett Nesters Barbara Olson Iri Cere Dona Aurora Serio Iain New Nichol Cary Anaena Rede San Prencisco George Francisco Jerre Als Cesta Pan Neaianiel Southern California Petroleum Corp Newhall Land and Farms No. 4 Santa Clara Tide Water Associated V.L Ventura Ave Texas Co Rosenberg San Aldo Los Nietos Co San Fernandes Karl L. Kellogg and Sons Con- Washington Coast Guard Marine Board of Investigation Carroll Pelican

Oil well activity at Russell Ranch and Rosecrans fields

In Cuyama Russell Ranch field Hancork Oil is tuning casing at Wood-Callahan 140-25 to 2280 feet. Richfield sets eight and five eighths at 2740 feet at RRU 122-25 in the same field. Carlton Beel perforates Reed No 1 for production in the Rosecrans Field at 7145 feet.

Hancork Oil Wood-Callahan Russell Ranch Cuyama Richfield RRU Carlton Beel Reed No. 1 Rosecrans

Realtors Parley Opposes Rent Control in California

The California Real Estate Association at its 47th annual convention in Los Angeles pledged to aid communities against unnecessary public housing expansion and urged Gov. Earl Warren to oppose federal claims to tide lands and water rights. James M. Udall was elected president, with Charles H. Brown reelected treasurer and Eugene P. Conser reelected secretary.

LOS Ancelfs California Real Estate Association

Garden Grove-L B Bus Line Planned

West Orange Transit Co officials plan a Garden Grove to Long Beach bus line pending PUC approval. Paul Diefenbach, general manager, said a permit petition should reach the PUC by month end, aiming for service by Thanksgiving or year end. An extension from Long Beach to Los Alamitos and other areas is considered to expedite operation.

Garden Grove Long Beach Strate Public Utilities Commission West Orange Transit Co Paul W. Diefenbach Diefenbach PUC Los Alamitos Hawaiian Gardens Cypress Stanton Knott Berry Farm Chapman Ave Santa Ana

Parents Plan Help for Boys' League

Signal Hill junior football players in the Long Beach League gain parental support. D L Barackman elected president. George R Ketcham secretary treasurer. Thomas Gregg membership chairman. John Welch financial chairman. Jerome Heald transportation chairman. Al Fry initiated the program. Dr Walter Boyd founder addressed parents stressing league aims to keep boys off the streets and noting minimal football injuries last year.

Signal Hill Long Beach D. L. Barackman George R. Ketcham Thomas Gregg John Welch Jerome Heald al Fry Walter Boyd

Coast Guard Hunts for Boot and Two Missing Persons

Coast Guard units search offshore near Lower California after a trap on L H Gurley premises yielded a dead albino gopher pure white creature. The report notes a pink-eyed six inch gopher, linked to local students and a fishing boat Vee, with officers pursuing leads 150 miles southwest.

Coast Guard L. H. Gurley 67Th St California Steve Bio Ology Long ‘Beach San Diego

Local Briefs Sewing Meeting and Rummage Sales

Chapter 61 of American War Mathers will meet 10 to 3 Monday for sewing in Houghton Park Clubhouse. Evening round table discussion and a card party follow. Rummage sales set in Long Beach Grove 26 at 145 W Third St Tuesday and Lambida Chapter Theta Sigma Phi at 1154 Pine Ave tomorrow.

Houghton Park Chibhouse Long Beach Grove Supreme Forest Woodmen Circle Third St Lambida Theta Sigma Phi Pine Ave

Hamady Bros marks 40th anniversary with 49 page ad

The Flint Journal and Hamady Bros celebrate forty years by featuring a 49 page advertising section in yesterday’s edition, totaling 9000 column inches. The full newspaper ran 112 pages, with ad plates weighing 244 tons.

Hlint Mich Flint Journal Flint Hamady Bros

Also Mentioned on This Page

Business Mirror By Sam Dawson Uncle Sam Controllers Institute Controllership Foundation, Inc William J. Vatter University of Chicago School Ofusiness Sam Panama Southland Aus Angeles Get Ultimo Colorado St Ventura Ohatgre Aurton Fiensiia Bed NEA Courier Saeed Balana de Mascoma Road Mattapont San Peed Shilfeorna Bet Shipyd Rayanota Sac Pedro Besy Pins Island Pier Moore Awasil Shingd Toucan LEE New ‘Hill By Emmet F.rigadan Parley L.B Help For Boys’ League Il. B Scnoule
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