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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 13, 1954
Page
17
DOW JONES AVERAGES show mixed results on Monday with small gains and losses across sectors. Industrials and rail shares fluctuated while financials moved unevenly amid market uncertainty in New York and London listings.
The New York market rose in late trading as leadership rotated among major divisions. Prices generally gained only modestly, but a few issues advanced sharply amid the shifting leadership and higher overall appetite.
Cattle receipts near 23,000 head with brisk demand. Hogs steady to higher with some loads of prime steers reaching 28.75 to 29.00 value, and choice cows up to 14.00. Packers and buyers moved large lots, while feeders saw mixed action and slaughter grades held steady to higher amid broad market strength.
The brother of West Coast gangster Mickey Cohen, named Harry Cane, was subpoenaed to testify before Sen. Homer Capehart's Senate Banking Committee into a nationwide housing racket. Also subpoenaed were Richard Vidaver, 41, an associate of Cane, and Harry Nasson of U S Aluminum Siding Corp.
A memo bans Sept 13 studio passes and tours at Universal City as Maureen O’Hara and director Arthur Lie hin discuss a risqué scene amid speculation of a secret weapon reveal. Rumor mill notes a staged publicity gambit and possible use of a double. Maureen’s stance tempers the plan.
The Federal Deposit Insurance Corp reports total deposits in insured U.S. banks rose five percent in the last fiscal year despite a 1954 storm. Figures from multiple institutions show gains across major banks and regions, including Pacific and Western lenders, with varied performance among individual banks and brands.
A 13 year old El Monte driver in a stolen auto led deputies through a 20 mile per hour chase across Atlantic Boulevard and Whittier Boulevard. The crash involved a bus and two cars, injuring one passenger and slashing another with shattered glass. The youth was uninjured and held for the Sheriff's Crime Prevention Bureau.
An Army court heard Lt Col Harry Fleming aided fellow POWs in Korver while charged with collaborating with the enemy. WPI-A defense witness Lt. Col Paul Liles testified Fleming worked to secure food and medical care, took command at the Valley Camp, and organized a more livable environment amid harsh Reds captivity.
Treasury report shows cash position versus corresponding period with deposits and withdrawals for the fiscal year. It lists gold assets and includes figures in the millions, noting statutory state alignment and accounting entries for fiscal balances and year totals.
Sacramento state civil defense director Maj. Gen. Walter M. Robertson announced a special two day conference on Women's organizations in civil defense to be held October 7 and 8 in Sacramento. Gov. Goodwin J. Knight invited presidents of about 60 women’s groups to attend the meeting stressing the groups’ duties in building strong community civil defense networks.
The Spanish government refused permission to reopen an American Baptist church in Madrid after the U S Embassy protested. Police on July 17 closed and sealed the church citing public proselytizing of Roman Catholics, against Spain's tolerance of non Catholics without public displays.
A crash involving two buses and a station wagon occurred in Linden causing 35 injuries, 31 of them to service personnel. Police described rear-end collisions and subsequent impacts as buses bumped and rammed other vehicles.
White and Negro students quietly attended classes together in Washington today as the district opens its new term. School officials noted tentative cleares with mixed-race enrollment and teaching staffs in many schools across the District of Columbia, marking a shift from prior segregation.
Rescue boats search Guanabara Bay near Rio de Janeiro for seven missing passengers after a Brazilian airliner with 28 aboard crashed into the bay on Sunday. The four crew members and 15 passengers were rescued at the scene.
Jules M. Schroeder uncovered an iron wheel and a buried safe beneath lumber at a house site on Tumes Beach in St Louis County. Authorities say the safe was likely stolen from South Town Used Cars Inc, in the same area last July.
The California State Florists Association shipped 17 white California roses to Premier Malenkov of Russia and 16 associates as a peace symbol. The roses were expressed by the association at the end of its annual convention in San Diego, reflecting Western hopes for peace.
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