Weekly U S business activity shows mixed gains and pullbacks
Slower consumer demand weighed on retail sales while steel production set a new high and crude oil output rose. Auto production slipped, credit terms sparked protests, and engineering awards remained strong though down from the prior week. Overall, trade showed uneven advances and declines amid sustained employment.
MENTIONED IN THIS ARTICLE
Yor
Ion Im
Aince Im
Economista
Canada
Washington
United Automobile Workers Union
Trend of Stock Prices for Past Week Analyzed
The article notes a volatile week with a potential market shift toward an upward thrust. It cites the Dow Jones industrials around 226.44 and discusses a 77 point movement, with ranges, low and high swings, and forecasts for 225 235, 230 232, and possibilities for a test near 230 232 as selling exhausts. Strong entities include Dow Jones and 1950 year context.
Market Shakeout and Dividend News From PA Letter
The Market experienced a shakeout as Industrials failed to reach a new high after Wednesday. Bethlehem Steel and Standard Oil of California paid $2 dividends after close, potentially spurring a price recovery. The letter anticipates higher dividends and a possible Industrials target of 237-39, noting tax bill uncertainties and advising cautious profit taking and selective reinvestment.
MENTIONED IN THIS ARTICLE
Bethlechem Steel
Standard Oil
California
Dow Jones
G P Completes Two New Wells in Harbor Community Lease
G P is near completion on two new wells No. 25 and No. 26 at the Harbor Community Lease in the Wilmington field. Light casing set at 3466 feet in No. 23 and 4380 feet in No. 26, with a third well No. 59 planned. A new division in production appoints a superintendent of water disposal, Cheude W. Jeroe named resident engineer for the southern division to coordinate wastewater disposal and underground injection plant construction, liaising with officials and industry committees.
MENTIONED IN THIS ARTICLE
Grea Petroleum
Wilmington
G. P
General Petroleum
Apinter
Cheude W. Jeroe
G. P. Southern
Action Department
G.P. Om
Methodist Bishop Announces Plan of Church Merger
Kansas City October 28 Bishop Ivan Lee Holt of St. Louis announced a plan to merge seven major Protestant denominations into a single church. The United Church of Christ would unite Presbyterians Disciples of Christ Congregational Christians Evangelical Reformed Federation of Community Churches and Methodists. Details will be public after the plan is presented to Protestant leaders in Cincinnati. The proposal traces to 1947 when Disciples of Christ and Congregational Christians discussed a union of all American churches acknowledging each other’s ministry and sacraments.
MENTIONED IN THIS ARTICLE
Kansas City
Ivan Lee Holt
St. Louis
Missouri Methodists
Holt
Commission On Protestant Union
New York
Cincinnati
United Church of Christ
Protestant Union Commission
Presbyterian
U.S. A
U. S
Disciples of Christ
Congregational Christian
Evangelical Reformed
Federation of Community Churches
Methodist
Congregational Christians
America
Navy Shipbuilding Program Starts To Update Fleet
The Navy begins a 350 million dollar program to modernize the fleet with two experimental submarines and the conversion of 25 ships including the 27,000 ton aircraft carrier Bennington. The plan covers 344 ships with work at Portsmouth, Groton, and Brooklyn yards plus 172 small vessels and 145 conversions. Todd-Los Angeles Shipyard lease extended for 10 years to the Navy.
MENTIONED IN THIS ARTICLE
Washington
Navy
Bennington
Portsmouth
N. H.) Naval Shipyard
Electric Boat Co
Groton
Conn
Brooklyn Navy Yard
Naval Shipyards
Los Angeles Harbor Commission
Todd-Los Angeles Shipyard
The
State Fund to Return $5.5 Million in Dividends
J J Gallagher reports the California State Compensation Insurance Fund will distribute about 5.5 million dollars in dividends to policyholders across the state this month. The fund, nonprofit and state sponsored, provides workers compensation insurance to roughly 1400 employers in low and surrounding areas.
MENTIONED IN THIS ARTICLE
Peach
J. J. Gallagher
Califor
Nia
National Council On Safety
G B Creager Republican Leader Dies at 73
G. B. Creager, 73, a longtime Texas Republican leader, died early today in Brownsville. Creager joined the Republican National Committee in 1923 and served as a prominent party figure.
MENTIONED IN THIS ARTICLE
Brownsville
Texas
GR. B. Creager
Creager
Republican National Committee
Wells and drill activity update across multiple leases and fields
At Hartman No. 14 the depth is 12 220 feet while most other wells sit on the Taylor Lease. Shell delays spudding two North Antelope Hills wells on Hopkins B Lease. Susan Ou Cyare iter ine Sori Conoco No 3028 near Livermore in Alameda County drills at 4600 feet. The R A Hansen No 1 near South Cuyama reaches 4578 feet and tops sand at 4563 feet.
MENTIONED IN THIS ARTICLE
Hartman No. 14
Taylor
Shell
North Antelope Hills
Hopkins B
Hancock Oil
Livermore
Alameda County
R. A. Hansen
South
Cuyama
Military Service for All Men 18 22 Seen as Probable
Washington officials say in coming five to ten years most men aged 18 through 22 will serve two to three years in the armed forces. The plan aims at a 3,000,000 manpower goal with 1,000,000 career personnel and 2,000,000 in two to three year terms, plus a universal military training program.
MENTIONED IN THIS ARTICLE
Ashington
UFK
Truman
Congress
Congressional Committee
United States
Air Force
City to Begin Work on Long Beach Tourney Float
Mrs. Isabella S. Coleman holds a 10000 contract to design and build the Long Beach float for the Pasadena Tournament of Roses Parade on January 1. The city truck carrying the float will be delivered to Pasadena next week with a new motor installed at the city garage. Coleman plans to present a colored drawing titled Living in Peace and expects to use roses orchids and chrysanthemums. She previously designed prizewinning floats in 1949 and this year.
MENTIONED IN THIS ARTICLE
Isabella S. Coleman
Long Beach
Pasadena
Bids Opened for New 12inch Gas Main Project
City manager's office will open bids November 15 at 9:16 a.m. to furnish labor and equipment for installing a 12 inch gas main about 5700 feet long from the General Petroleum absorption plant on Terminal Island to the gas department plant at Ninth Street and Edison Avenue. An old damaged main will be removed and salvaged where possible.
MENTIONED IN THIS ARTICLE
General Petroleum Absorption
Terminal Island
Gas Department
Ninth St
Edison Ave
Harbor
Five Forgery Counts Detain Visitor Here
A complaint charging five counts of forgery was issued late yesterday against Eldon E. Oxford, 27, of Culver City. Deputy District Attorney Ted Sten filed the case. Inspector Ralph Kortz said Oxford claimed he was a radio commentator. Store employees identified him as a man who cashed checks under another name after a check of his automobile license.
MENTIONED IN THIS ARTICLE
Eldon E. Oxford
Culver City
Ted Sten
Ralph Kortz
Oxford
Kurtz
Vishinsky Doubts U S Atomic Control Plan
In a broad policy speech at Lake Success, Soviet Foreign Minister Vishinsky again rejected Baruch's control scheme for atomic weapons and argued the United States would keep producing bombs even if the UN endorsed the plan. He accused the U S of starting the Korean war and other actions.
MENTIONED IN THIS ARTICLE
Germany
Assembly
Vishinsky
Commissioning of Ships Boosts Navy with Replacements
Navy agents announce three minesweepers join local yards to compensate for two destroyed and three lost during the Korean campaign. The Brown and the Beer Adm Wilder D. Baker officiate at the recommissioning on Navy Day. Destroyers built in 1943 at the local yard served with distinction in the Pacific.
MENTIONED IN THIS ARTICLE
Navy
Weil
Brown. Com
Wilder D. Baker
Meauld
Theodore ‘Roosevelt
Armed’ Forces
Onm
Pacific
Oat ‘Building Co
U S Report Urges Philippines Reforms and Aid Control
A declassified report warns the Philippines to clean house and implement reforms before more aid. It calls the United States to supervise aid via a special mission, review progress quarterly, and end postwar payments seen as aiding individuals rather than the Filipino economy. It lists broad reforms across finance, agriculture, government, industry, labor, and a treaty rethink.
MENTIONED IN THIS ARTICLE
United States
Philippines
U.S
Philippine
Harvard Faculty Lifts Ban on Nude Model Sketching
In Cambridge Harvard University's fine arts faculty ended a 314 year old ban allowing art students to sketch nude women. Only 22 members may attend sessions in the Harvard Art Association studio, and no new members are being admitted.
MENTIONED IN THIS ARTICLE
Cambridge
Mass
Harvard University
Harvard Art Association
Card Players Use New Shelter in Bix by Park
Card and checker players enjoy the new Bix by Park shelter, wind and rain sheltered. City Manager Samuel E. Vickers accepted it as complete. Wallace Wilson built the shelter under a $13,500 contract. It features Assinite sides and an L shape. The facility was dedicated to late Councilman Joseph R. Ramsey who proposed its erection.
MENTIONED IN THIS ARTICLE
Bixby Park
Samuel E. Vickers
Wallace Wilson
Joseph R. Ramsey
Traffic Obstruction on Orange Ave Ended
City officials report the traffic bottleneck on Orange Ave just north of Spring St has been eliminated. City Manager Samuel E. Vickers declared the 630 foot roadway improvement complete at a cost of 9167.31 dollars. Griffith So. widened the two lane pavement to six feet, added curbs gutters and asphalt pavement, raising the depression by four to five feet.
MENTIONED IN THIS ARTICLE
Orange Ave
Spring St
Samuel E. Vickers
Signal Hill
Griffith
Greeks Accused of Bulgaria Raids in Prague Radio Report
Prague radio reported Bulgaria protested to the United Nations over six Greek attacks on Bulgarian territory recently, with fighting using automatic weapons. Bulgarian Foreign Minister Mincho Neychev cabled the protest to UN Secretary-general Trygve Lie.
MENTIONED IN THIS ARTICLE
Prague
Czechoslovakia
Bulgaria
United Nations
Mincho Neychev
Trygve
Trucker Freed After Plea Change Sparks Governor Critique
Frank Di Donatis 26, a Philadelphia truck driver, was released from jail on his own recognizance after changing his plea from guilty to innocent in Indiana Superior Court. Gov. Schricker denounced Alello Brothers Trucking Co for overloads, noting the 18,700 pound excess and a $1,870 fine. The judge warned the plea could be altered by the court and did not set trial date. Di Donatis returned home to Philadelphia.
MENTIONED IN THIS ARTICLE
Foeeart
Ind
Frank di Donatis
Philadelphia
Henry F. Schricker
di Donatis
le Aas Ac
Indiana
di Pdanatis
William E. Wider
Wider
Schricker
Indianapolis
Alello Brothers Trucking Co
Chinese Reds Brace Resistance in Korea
Chinese forces brace for Korea fighting along the Yalu border with orders to defend land and nation while UN troops push to clear Communist remnants. U S Eighth Army and allied units report stiffening resistance near Wonsan Kojang Songjin and across the Chongchon front as reinforcements rush to support a wide front.
MENTIONED IN THIS ARTICLE
Yalu
North Korea
Korea
U.S. Eighth Army
Red
Kim Tl Sung
Erickson
MacArthur
Asia
United Nations
U. S. First Marine
Wonsan
Kojo
A. P
Stan Swinton
Tanka
Songjin
Kojfang
Onjong
Kojank
Coast Storm Strands 58 Fans and Drowns Four Near Coast
Severe coastal storm leaves 58 football fans stranded and two people feared dead in a missing Air Force C47. Gusts reached 80 mph at Richland as wires fall and crops suffer over $500000 in damage. Tacoma bridge buckles under 40 mph winds amid widespread power outages and searched for a missing aircraft near Reno and Auburn.
MENTIONED IN THIS ARTICLE
Air Force
Misdin
A Gon
Coast Guard
Seattle
Richland
Wash
Hanford Atomic Project
Weather Bureau
Gertie
Tacoma
Los Gatos
Calif
Earl W. Heple
Austrian Dam
Reno
Nev
Auburn
Also Mentioned on This Page
G. A. Phillips
Dons
DowaJenes Emdustriate
de LA Chapelle
Wouber
Jackson & Curtis
Paul H. Macgregorr
maged # Company
Anahief
By Emmet F. Riordan
American Association of Oil
Pacific Coast
Oklahoma
Independent Petroleum Association of America
Russell Brown
Department of Commerce
Shel OU
Venture Ave
L.B
G. ©. P. Leader
Susan Ou Cyare
Iterine
Hans
Martha
Masor
Baruch
Flags
Harvard O. K.s
Chongchon River
Kaser
Kasan
Verge
U. S. Coast and Geodetic Survey
Californtalion
Cal Guiver
Torrance
C. Reannie
Nation L
Pre
Blalionmai
Blalion— Myle
HleDd
Abhlene
Armereee
Worand Sunction
Albuquerque
Fatene Jz
Bes Amatilio
Sturoe
Riutt
Atlanta
Orwell
Bismarck
Jacksonville
Seacrame
Terror
Eeationeit
I. Ae
Lake City
Hlonto
Bullaio
Vegan Knox
Nelere
Eatle
Apattie A
Cheyenne
Jwaehington
Moines
Tlahoma
Malees Atest
Peirpaons
Wml Eine
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