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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 28, 1947
Page
7
The article lists New York Stock Exchange quotations at noon today in Eastern Standard Time. It records stocks, prices, and movements across multiple issues as traders monitor the market midday.
A Navy survey geologist believes high grade bauxite deposits on the Palau Islands could be profitably mined by U.S. companies. Josiah Bridge estimates a reserve of 56,060,000 tons, with interest from several firms. No official action has been taken. Allied bombardment and Japanese activity affected the area.
New York reports a nationwide shift to self service in stores from grocers to department stores. Customers select and weigh meat, prepacked produce, cosmetics, and more while staff assist only on request. Major chains Macy's and Bloomingdale's expand open shelving to speed shopping during wartime and beyond.
London October 28. Officials allow a press preview of Princess Elizabeth wedding gifts at St James Palace. About 400 presents laid out for reporters with 500 more arriving since, including Winston Churchill six volume World Crisis set and President Truman glass vase with a merry go round motif.
A letter from California Governor Earl Warren to Arizona Governor Sidney Osborn prompts a joint meeting of Arizona California and Nevada leaders to resolve Colorado River water disputes. Warren signals readiness for discussion and endorses possible agreement by contract arbitration or judicial determination of water rights.
The New York stock market shows uneven movement at 2 p.m. with the Dow Jones Averages recording varied highs and lows. Industrials see notable activity as traders watch for further cues amid a turbulent session.
In Los Angeles on October 28, Harold J. Jarvis bought the Mary-E yacht from the Overell estate for 6100 after reconditioning. The sale received approval from the Supreme Court. The Overell mansion sold for 356000 last week. The court granted Louise Overell an retroactive monthly allowance of 500 back to March 15.
Washington reports that U S gold production rose 65 percent in 1946 to 1,574,505 fine ounces but remained near historic low levels, with California regaining first place at 356,824 ounces. Silver output fell 21 percent to 22,914,604 ounces, the lowest since 1872 except 1932. California led gold producers followed by South Dakota Alaska and Utah.
The Association of American Railroads said rail carriers should be allowed to pursue air routes and compete with airlines. They argue taxes push them toward subsidizing the air industry and that current law blocks surface carriers from full scale air operations, urging equal treatment with other applicants.
Calcutta reports US Ambassador Henry F Grady warns that global trade must address exclusive advantages and parities while pursuing peaceful world order. He urges reduced barriers and urges nations to cooperate for parity and shared prosperity amid postwar efforts.
Blythe report says Sen Glen Taylor rode through the desert to warn against U S foreign policy. He likened himself to Paul Revere and claimed the administration risks a war with Russia. His brother David Taylor noted supporters rode with him and even serenaded him as he drew attention in Seal Beach.
Princess Elizabeth was formally invested with the insignia of Dame Grand Cross of the Order at Buckingham Palace. King George VI awarded the insignia as sovereign head of Saint John of Jerusalem after prayers by Archbishop Geoffrey Fisher in the private ceremony.
Samuel A. Halliard, 33, a Municipal Railway motorman, offered to plead guilty to a statutory offense involving 12 year old Francine Lamotte to avoid the death penalty. District Attorney G. Brown said the offer is under consideration but prosecution will proceed to the full extent of the law. The California kidnapping statute allows death or long imprisonment if bodily harm occurs. Halliard, already charged with three felonies, would face Folsom Prison as a habitual criminal. he has prior burglary and grand larceny convictions.
Clear and warmer conditions spread through the Midwest as the first heavy rain in over a month arrived. Mild temps dominated the East while the central west wheat belt saw beneficial rains but Kansas Oklahoma and Texas need more. Rain hit Washington and Oregon with frigid pockets in Nebraska North Dakota and Minnesota. temperatures fell below freezing in Jamestown Bismarck Grand Forks and Fargo.
Crowther Samuel Crowther of Sunapee New Hampshire dies at New England Baptist Hospital at age 67. A renowned author and economist, he worked with Henry Ford and Harvey Firestone on multiple works including My Life and Work, Today and Tomorrow, Moving Forward, and Men and Rubber. He served as foreign correspondent for the New York Tribune and Collier's Magazine. He leaves a widow a son and a daughter.
In Baltimore on October 28, vandals damaged Knesset Israel Congregation Synagogue. Charles Port, vice president, found the ruin at 7 a.m. The attackers ripped off the Star of David and name from a sacred bag, soaked items in beer, and damaged two torahs valued at about $1600 each. Sam Smollin, the congregation president, spoke on the loss.
Lincoln Neb Oct 28 Former Wisconsin Gov Phil La Follette says Gen Douglas MacArthur is the one man who can keep the United States out of Cold War II La Follette formerly was a colonel on MacArthurs staff and stressed the general had no political ambitions.
The body of John J. O Leary 67 vice president of the United Mine Workers died here yesterday from a heart attack and was being taken to Pittsburgh. He was the third union leader to die during the recent AFL convention with Joseph Padway and Edward Thal also reported dead.
In Los Angeles on October 28, a retired aircraft worker admitted buying a rifle and shooting El Mante laundry operator Jack Elmer States, 30, to death over a $200 debt. The man claimed the killing occurred while awaiting repayment and he later bought the gun for 205 dollars.
GOSWICK England Oct 28 The Edinburgh London express derailment fatalities reached 24 with another death among the injured. Officials said 12 more persons were reported missing and believed dead in the wreckage.
The Board of Education personnel commission announces the civil service examination for piano accompanist positions with gymnasium classes and glee club and choral groups. Filing ends November 12 at 5 p.m. Applications are invited for the final hour.
A fragmentary Treasury report page outlines price data and market notes for butter eggs poultry and meat products along with wholesale and consumer price references. It mentions figures for expenditures revenues and various commodity categories and hints at market conditions and dairy and meat pricing.
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