Page 38 of 3 Jun 1953 Issue of Oakland Tribune in Oakland, California

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Oakland Tribune (Newspaper) - June 3, 1953, Oakland, California Finance and 38 Oakland Tribune wednesday june 3, 1953 e today s business Mirror financing costs continue Rise by Sam Dawson new York june the Cost of financing Busi Ness operations continues to Edge up. Home mortgage in Terest rates Are under similar pressure and so Are the financing costs of buying on the cuff. Factors the finance companies who finance the flow of goods to Consumers from such industries As textiles and Are preparing their clients for the sad news that the present 6 per cent interest charge should be going up soon. The squeeze on business from rising interest rates is shown by a Parade of companies who have cancelled or postponed offerings of securities by i cause of the higher interest demanded or have dropped offer Ings altogether to get their j needed in Only through Loans from the Banks. One and All they blame the Money Market interest rates hiked commercial paper dealers this week have hiked their interest hear ii the fourth time in Throe months. Finance companies hip Small loan com raised for the third time the amount of interest they pay investors who lend them the Money to lend you to buy a car or whatever. . Government Bond prices fell to a record Low tuesday and the Federal Reserve stepped in to bolster the Market there is no such help for corporate Bonds however. The in Vestor who bought one Midwest Ern Utility Bond when it was offered in 1.046 at 102v4 would find it quoted in the Exchange tuesday at 79. Lower Bond parcs moan just anole or aspect of higher in Torr St lates. The Rise in interest rates and tightness the Money Market Are due to several things. Chief is the policy of the Federal re serve m the last two years to let interest rates Rise by drop Ping support of government Bond prices. Rising interest rates Are designed to halt inflation and Harden the buying value the Dollar. Higher rates feared Stock Market finishes Day on irregular note by Steven v. David new York june Stock Market prices were irregular at the close today after profit taking erased most earlier gains a few stocks showed losses of a Point or More. Activity was Light with th1 tape lagging at frequent inter Vals. Volume for the first fou hours added up to Only shares indicating a total for the Day of about a million shares. The Market began to rally late in the morning with rails Anc some Oil stocks making Gooc gains. Up More than a Point a one time were Santa be illion Central Atlantic coast line Southern railway and Northern Pacific. Most of these gains wer pared in later dealings. Oils on the upside include Texas Pacific land Trust up More than 3 Points at one time Mission corp., Pacific Western Texas and Kern county land. Stocks clinging to fraction gains included Chrysler Ameri can Cyan amid Bethlehem steel Youngstown Sheet tube Douglas Lockheed twentieth Century Fox Admiral and Philco Zenith Rose More than 1 Point. On the lower Side were Mon Santo Union Carbide National distillers Goodrich and Westing House. Another cause in the last few has been the tendency of business borrowers to Rush in to borrow because they feared still higher interest charges and feared the Federal Reserve might allow loan funds to dry up still further. Those who anticipate a Down turn in business activity in com ing months expect interest rates to drop again As a result. It is the present record demand for Money to finance booming Busi Ness to expand plants and to meet the climbing . Treasury deficit that is causing rates to risk they contend. But until interest rates Stop Chester e. Gruhler who has retired As vice presi Dent of Bank of America at its main Oakland Oitice. Bank America official retires Chester e. Gruhler vice presi Dent of the Bank of America at its Oakland main office 12th by Nadav has retired from inflict Active service with the Bank after 43 years of. Continuous service it was announced today by Julian r. Davi. Vice per Sidcot and manager of he Bank Here. Gruhler started his banking career with the Peoples Bank in Sacramento in 1910. This Bank was later taken Over by the Bank of America and Gruhler served As vice president for a number of cais in Sacramento. Other assignments which he has had include vice president and Man Ager of Woodland Branch District supervisor of branches Sacra mento Valley and credit super visor with the Bank in san fran Cisco. In 1914 he was assigned As vice president and senior offi cer at Oakland main office in which position he continued until his retirement. Gruhler is a member of the Oakland chamber of Commerce and stale chamber of Commerce director of the Athens athletic club charter member of Ben Ali shrine Temple and immediate past president of the wholesalers credit association of Oakland. A testimonial dinner was Given Gruhler in recognition of his 43 years of distinguished service with the Bank at the Claremont country club attended by a number of High officials of the climbing some businessmen Are going to be Hurt. In the last two Days for example a Large finance company has dropped its plan to raise 50 million dollars by Selling in Terest Cost would be too High. A Southorn Utility has refused to pay 5 per cent interest on debentures and has turned to Bank Loans instead. A big Industrial company has dropped plans to sell common shares Money Market factoring Field an example of How business costs fire tending up May soon be shown in the factoring Field. Factors finance chiefly textile and furniture manufacturers. They Combine banking accounts receivable financing bookkeeping services and credit insurance. In the new York area it is a three billion Dollar a year Busi t Ness. As a manufacturer obtains orders he turns them Over to a Factor who assumes full credit risk. The Factor maintains ledgers for customers accounts collects payments and Duns customers on past due Bills. For this they charge 6 per cent. The manufacturer just makes the goods and ships them and gets his pay from the Factor. But factors complain that to Day Thoy must pay 4 per cent or More to borrow the Money they need from the commercial Banks they also contend that their own operational costs arc rising. And Many of them Are prepare Shell Oil plans new refinery r. W. Comin refinery co Ordi Nator of Shell Oil company wes1 coast operation said today tha Anacortes wash., is favored for the site of a new Shell refinery in the Pacific Northwest. But he added two or three other locations on puget sound also Aie being considered. Shell now owns or has options on enough land in the Anacortes area to build a refinery docks storage tanks and other Neces sary facilities Mcomie said. The proposed Plant would employ about persons. Most of them would be local residents except for refining specialists chemists engineers and other specialists. Preliminary plans the official said Call for r refinery which would process about barrels Gallons of Oil a Day. Corporate earnings eix citric Power co for 12 months ended March 31 1953 1052 net income 346 288 004 204 on shares in 1953 and exploration co. For Quarter ended March 31 net income 195.1 87 c 1952 196 . Mining Exchange wednesday june 3 sales High Low last 1000 Blue Midbo 2000 Eureka co Butte 5000 smuggler 1000 Gold .18 .03 .07 .02 .07 .18 .03 .07 .02 .07 ,18 .03 07 .02 .07 livestock Market South san Francisco june Dpi livestock scalable. Small receipts idling about steady with tuesday a few head Utility and commercial steers canned and Cutter cows ilo.00-12.00 a jew Utility cows my a few head Young commercial cows scalable. 15 Orlyce s weak to lower Supply comprising one lot of Rood and Choice around 300 ibs. At 520.00. Late tuesday one Load Rood and British Tram talks. The Trade winds by Lou Schneider new Yolk june softer diplomatic tone with red Russia say the trustworthy International Trade winds is the base for important Trade pacts. Coronation of Queen Elizabeth ii brought to London Al the prime ministers of the Commonwealth countries plus others of like interests. They will sit Down in a special powwow this week. It also is noted the British govern daily crude production off Tulsa okla., june 3. Up production of crude Oil and Lea condensate in the United states averaged barrels Dail for the week ended May 30, according to the Oil and Gas Jour Nal. The total represents a decrease of 3100 barrels daily from the previous week attributed for the most part to end of month reductions in Kansas and Oklahoma Kansas production was Dow 9400 barrels daily and Oklahoma decreased 2400 barrels. Average for the up t500 Barre California s week moved daily to set another new Recor for that state and keep output above the millions barrel mar for two consecutive weeks. Increases in the Jast half c May have offset the she Hal lower production records in the first half and May give the stat its first million Dollar Barre daily rage for a full month for crude alone. Michigan production set a new record High for the year an Wyoming gained 2800 barrel daily to move up nearer the rec ords that were set for the stat earlier this year. Caterpillar plans Plant expansion plans for construction of a new Plant at a location not yet determined were announced yesterday by Louis b. Neumiller president of Caterpillar tract d. The new Plant occupying Square feet of Mam fac Turig floor space will be de voted to the production of the company s line of motor grader and Industrial wheel tractors. This move is being made to a Corn Iodate at Peoria a broadened program of Crawler tractor Anc diesel engine manufacture. The enlargement and rearrange men of manufacturing facilities Anc construction of the new Plant Are expected to be completed by the end of 1955. Total Cost of new machinery and equipment at All plants and of land and buildings at the new Plant is estimated to be approximately it is presently believed tha no new quire. Financing will be re ing customers their charges. For a raise in Kaiser steel dividend Kaiser steel corporation directors declared the regular quarterly dividend of 33% cents per share on preferred Stock payable june 30 to stockholders of record at the close of business june 12. Spot metals new York june 3 us Metal prices today lot non Copper. _. .30c i Pound. Connecticut Valley Lead. Found. New York line lie Pound. East St Louii tin. Pound. New York quicksilver. 76-Pound 31w.oo, new Stork. Bank in san Francisco and officers of the Bank in Oakland. Or. And mrs. Gruhler will continue to make their Home at 402 Athol scalable 200 most of Early Supply were hogs delivered on a bought to arrive transaction consummated on tuesday. Practically no Butcher hogs arrived As yet for today s Sale. On tuesday Choice lbo-200-lb. Butchers sheep scalable 750 Early Supply Small open lne Trade steady with tuesday a few Rood and Choice Spring lambs sold at s24.00, some cull to Good shorn Slack Herr ewes 50. On tuesday sorted lots of choir and prime Spring lambs sold at Odd lot transactions new York june the new York Stock Exchange reported today these Odd lot transactions by principal dealers on the Exchange for june 2 purchases of shares on 5994 orders sales of shares on 4754 orders including 2053 shares sold Short on 51 futures new York. June my Domestic sugar futures no. 6 closed unchanged o 1 higher july september 5.95 november 5.94b. World sugar futures no. 4 closed 1 to 13 higher 3.71bi september 3.71-3.73 october March 3 59b. Raw sugar soot li.35n. A nominal. A bid. Unlisted Stock the Tol wins bid and asked prices arc obtained irom the Nash but Are unofficial they do not represent actual they Are intended As a Kuldo to the approximate Ransco within which those securities could have been sold at Boucht at the time of ask sound p. So l 23% 25 pure corp sva 10ft Rockwell mis 24 25v. San Diego a e 14 a 15% san Dieto g. E. 5 of 22vi san Dicko g. E. 4 4 of san Jose water 32 a 34 4 Lierra Pac. Per so. Calif. Water i0y4 southwestern p. S 2wt 21 a guar. Of 28 a Stuart co 16vj 17% Tenn. Of. Trans 22% 24% Texas Eastern 17 a bid Amer. Express 161. 18vi Amer. Marietta 19% Amer. Prcz Linel 22 24 Arizona pub. Scr Berkshire Fine so 13 h Boston Edison 4814 Bullock inc Cal. Oregon Power 2g 28 Pac lulls 21 inc 32% 35v. Trans. Gas pipe 20v4 21v4 Tucson Gas 31% 33. U. S. Potash 2b a Utah Southern of 14v4 in. Van Camp Saa food 8% i Weyerhaeuser Timber in 63 Yuba Gold a 3 a insurance stocks Aetna fire Tsvi 55 a american equitable 30 32 a american ins. Newark 24 a fireman s fund s5v4 5834 firemen s ins. Newark 2fivx 273i founder s ins 15% i73a general re ins 37 39 great american 36% 39 Hanover fire 38 a 4u4 Hartford fire 150 Huv Home insurance 40 42% National fire 63v4 b6% North River 27 2s Providence Wash 27% 30 Cal. Water Tel 15 3 16nj Canadian sup Oil a7. 9. Capitol or Corrie s 6 a Csc Ucland Clits 10% cams. Freight 14 Cutter Lenni 11 h 1.1 i ? s1" Dole engr 4vb Ducommun metals Fluor Corn. 16s in Foremost in inc i 13u 20v4 Fullerton Oil 33 39 Gen. Tel. Cal. St of 19 Gran null corp m Harbor plywood 11 Hearst pubs of 1334 15 Hoffman radio 14vi 15v1 Ideal Cement 49 52va int. Cell Rotton 2s a lows so. Util 19v. 20v3 Kaiser steel of. 21 Kaiser steel com 9 914 Kingsburg cot. Oil 3u 3% Knudsen Creamery 9vi Lansendorf bakeries 26 Langendorf bakeries of 25v4 3134 Long Bell lumber 18% l. A. Transit lines 9h Lucky stores 6v Accident 42 m. 45 a Westchester j2% 24 a Banks Aruj Trust companies Bankers Trust 50% 531i Bank of Manhattan 32v4 34% Macco clip p. R. Mallory 46ji Market Basket 15 Mohawk Petroleum 19 Natl. Mtr. Bearing St i Natl. Steel ship 2v. New enc land g. E 14" 15. Norris thermidor Itu Bimi Pac. Inter. Express .29 31 a Pac. Mutual 6 i Pac. Per. It Packard Bell 131, permanent e Cement 25 26% Plomb tool Portland Den elec 31" 3 Bank 46 4e% guaranty Trust 87% Irvng Trust 21 23 manufacturers Trust 03% National Tity 47% 50tt coast issues american Trust s. F. 30 Bank of Calil. S. F 48v4 81% Bank of Amer. 29v4 31 California Bank l. A 29v4 31% set first Natl. L. A. 87% 103 first National Portland 40% 43% u. S. National Portland 65% 69j4 Seattle first Natl. 65 68w first Bank Stock corp 25% 271. Caterpillar tractor cuts Cash dividend Peoria 111., june 3, directors of Caterpillar tractor co. Declared a dividend of 5 ends a share on the common Tock payable August 1 to hold irs of record july 20. Seventy Iive cents had been paid in pre Vious quarters at the same time a 4 per cent Tock dividend was declared payable August 10 or As soon hereafter As practicable to holders of record july 20. Louis b. Neumiller president said shareholders who choose to sell the Stock dividend will real ize a higher annual Cash income per share from the combined Cash and Stock dividends than they previously he said the Cash dividend was reduced As part of a financing program in line with a new expansion program. . Cotton Exchange president named new York june new York Cotton Exchange announced the election of Bernard j. Conlin As president. Conlin who is head of b. J. Conlin co., succeeds John c. Lee of Goodbody co. He will take office for a one year term on thursday. Succeeding Conlin As vice president of the Exchange is Edward j. Wade of Wade Brothers co. Four new members were elected to the Exchange s Board of managers. They Are j. Carl Baquie Edmund w. Fitzgerald George a Levy and John d. Miller or. Frank Knell was elected treasurer of the Wool associates of the new York Cotton Exchange and will take office tomorrow. . Exchange May volume below april san Francisco Stock Exchange volume for May amounted to shares valued at s93.654. Share volume was off 37 per cent and Market value was 18 per cent lower than in april of this year. Corresponding figures show gains of 15 per cent and 12 per cent respectively Over the same month a year ago. Cumulative totals to May 31, show that shares the Board for a value of in the same period ast year shares changed hands for a Market value of Merit had announced it would import grains and feeds freely from any country. It is noted too British and soviet Trade experts Are slated to shortly begin bilateral Trade talks in London. Britain did t sign the International Trade agreement. It would mean paying a Bushel in dollars. Red Russia it is said is offering Black sea Posedly As Good As North Ameri a Bushel. For vol ume buying that s a big saving. In other words expect a bar Ter Trade pact Between Britain and red Russia. Britain will obtain wheat from red Russia at a Low Price in Exchange for British made consumer goods and other manufactured items. Steel company of Canada pres ident h. G. Hilton makes an interesting observation Canada s population is too Small m rela Tion to the Industry it had created. That clearly spells out that Canada is overproducing know How Bankers Tell your reporter the Auto Industry s re cent wage boost pact with the Auto unions does t guarantee a sustained High rate of output. All it Means is the Auto makers will pay any Price to prevent interruption in production at this time. Moreover the new wage agreements Don t ban the firing of hired hands when sales vol ume dips. Coffee May non have a syn thetic competitor. A Reader writes be has been testing one for some time and is ready for Commer Cial production. He promised additional details. In the meantime soluble instant Coffee is gain ing in popularity with House wives. The manufacturers claim m signed advertising the per Pound saving runs up to 25 cents per Pound Over ground Coffee and gives better flavor. Machine tool makers say the sign is Clear that consumer goods makers know they Are heading or a highly sales competitive Era. Recent orders Call for equip ment that la Cut High Cost opera ions. At the same time the machine tool boys admit a Sharp drop in orders from the defense products producers and the government. New York Stock Exchange member firms Don t charge a uni Orr rate of interest on customer accounts carrying stocks and Jones on margin. It s open know Edge that various rates prevail and that Large accounts usually Jay a lesser rate on debit bal aces than do Small investors. The general feeling is the big Ward management should set a Jed equal rate for it sincerely cares to encourage in creased Public participation in securities trading. Present circumstances and prospects suggest a More con Arvatie approach to common Tock selection. That s the printed Pinion of the my Ual fund organization dividend wheat leads Grain future prices higher by William Ferris Chicago june 3. I wheat moved up briskly on the Board of Trade today and Carrie the rest of the Grain list Alon with it. The trend was upward through out practically the entire Sessio decision of president Eisenhowe to press for a wheat Grant Pakistan prospects of Czpor later this week and Early be week and some concern Over the communist secret note on Korea sparked the Advance. Soybeans lagged most of the Day but firmed toward the Clos shutting Down of local process ing Plant caused Early Sellin but advances in Cash bean o and meal eventually Brough buying into Beans. Wheat closed to 2v, higher jul s2.04 a-2 Corn to higher jul 55v4 Oats to Bieber jul Rye to higher. Jusi soybeans 1v4 to 2 6 Niche business in the e a stay warehouse under construction july and lard 2 to 10 cents Hundred pounds higher july Grain Range Chicago. June open a Lugli Low close july 2.02 a a sept. Dec. 2 Levi it mar. May 2.16 i july 1.54h cd l44yj a. 1.51 a 1.51% Tull sept. Tull 2.04% 2 04 a a. 2.08 2.05h 2 2.15 a 2.18 a 2.1fl a 1.55w 1.54 a 1 3.52% 1 1 1.47 1.44% 1 4b3a-% 1 51 it 1.49% 1 51 1 53u 1 51% 1 53 a 1 48% 1 51 sept. Dec mar Tull 2.86-85% sept 2 71 nov. 2.63-62 u Jan. 2 m mar. 2 6914 july 10.02 .731. .75% 1.43% 1 48 1 57% ,69 a .60t, ,72 a .731a .75 i 1.3? a 1 4114-v. 1 43 a 1.47 1 1 1 54 1.4734 2.71% 2 71 2.65% 2 82% 2 2 s8% 2 86 2 2 2.71 a kept. 10.30 10 45 1000 10.75 10 10 1040 10 45 1002 10 75 10.65 10.02 10.30 10.42 10.00 10.70 10.65 1007 10.40 10.42 10.02 10.72 10.65 Cash Grain shares the new York state Bankers association members agreed it is n dire need of a Public relations program. That was voted at last week s 57th annual convention aboard the luxury liner Queen if on cruise. The commercial Bankers plan m intensified drive to educate he Public As to the Industry s operation. But the Odds of Suc Ess Are against the Bankers. It s 2-to-l Wager they will permit he publicity boys to make a simple task difficult and costly. Reserve Oil and Gas reports for week Reserve Oil and Gas com any s report of oilfield activity n its property for the week need june 1 revealed work in Progress on two important Wells and that during the week there vere no completions abandon ments or new Wells started. One of Trie two Wells drilling a Wildcat about three Miles Orth of the Tejon Field. Present depth is 8672 feet. It is in Sec Lon 14. The operator is Julio v. 3ougherty associates. The other Well is Reserve s 77-33 in Section 33 in the a Jon Field. Its present depth is 362 feet. It is being drilled near Wells that found both the Valv and the Reserve zones p Roduco be. Chicago june when none. Corn no 1 and no. 2 yellow no. 3. 60. Oats no. 1 heavy mixed. 75vjc. Barley nominal malting feed. Il.00-1.25. Local Grain Carlos. Per cwt. He basis tracks at san Francisco no 2 Bright Western bar a right testln., 1 Bright Western mar. Lout testing 4fl pounds 285 medium mall off type1 3.05 Good malting types .3.10 20 Choice Martinsr types 3.10 no 1 hard White wheat 3.95 no. 1 soft White wheat 3.95 heavy dockage wheat 3 85 no. 2 yellow Corn 3.ro no. 2 yellow mlle 35 Sample Grade red feed Oats cs3.35 per ton. In car lots Standard ill run red wheat bran per inn. In Carlots Choice Alfalfa cent rally com parable to . No. 1. No 1 Dairy generally com parable to . No. 2 Leafy 27.00 no 2 Dairy generally com parable to . No 2 wholesale produce wedne8hay, ,1une x by the in Ltd pm fruits Cruz s3 j6.5067.00. Calif. ?4.25. 00. Clara jul false. S7 50. Calif., calif., 50m 75. Benito s6.50s87.00. Clara s3 so. Clara. 7a8c, vegetables Mateo Mateo s2.00, s5.00q5.50. Clara county s2 23. Mateo poultry and game cd ral Sute Market new service paying Price Price to re no. 1 live tailors Bay dressed 1% to 2 a ibs 40841 28s30 235t26 35 28 is 29 45k46 2 a to inn 27s28 3 a to ibs 28k29 and Over hens under 4 ibs. Ibs. And Over hens heavy All was. Old All weights. All weights. Young hens All was. Young Toms. Ail was. 12 in. And Over per Doz. Domestic under 12 ibs. Dairy products score 66 a by score 6644c 90 score. Cheesb Graa a Loai Crit a single 42ch44c Grade a. Medium Gride a. Small Grade a. Svic. Poultry producers of Centra califor Nia Large Grade a. S7c medium Era i a. S2c Small Grade a. 41c. Announces retirement Herbert l. Dickey for eight ears a Pacific coast represent Ive of Socony vacuum o l Corn any inc., and for the past 21 ears a resident consulting in Ineer Lor that company in de Doit has announced his retire ment. He will make his Home at 730 Presley Way Here. A. Cotton Market new York june Fri ures closed 25 cents a Bale higher to 25 sits lower than the previous close High Low close Caber dec Ember Arch october Midline a nominal. .33.66 33.58 33.58-95 .33.84 33.74 33.78-m .13.88 33.78 33.83 .33.90 33.82 33.58 33.93 33.84 33.83 .33.68 33.62 33.10 33.10 ipod 34.10n. Off 5. How Long has since you drove a Packard no matter what ear Yon May be driving now before you buy your next car you really owe it to yourself to drive new Choice in Fine new Packard. Won t you make an. Appointment with your Packard dealer Goon Vanbokkelen Cole company of 955 West grand Avenue has started construction a 000 warehouse at 333 Lancaster Street port of Oakland which will be leased to american can company. The rain forced Concrete building should be completed by september according to w. P. Zimmerman construction Engineer. The site is Between Classcock Street and Estuary and Between Derby and Lancaster streets. Joseph m. Malley Ernest Biasotti and Douglas Bellon have each completed a Quarter Cen Tury of service with Bank of America it was reported today by Frank f. Risso vice president and personnel relations officer. Malley is assistant cashier College Avenue Branch Biasotti is assistant cashier Telegraph Avenue Branch and Bellon is pro assistant cashier san Pablo Avenue Branch. Frank j. Billingsley of 3121 Linden Street has been appointed assistant manager of the f. W. Woolworth store at 1632 Fillmore Street san Francisco. Billingsley has been employed by Woolworth for seven years and previous to his promotion had been a receiving clerk. Representatives from five Oak land Philco retail dealers will attend an All expense paid convention june 7 through 10 at Atlantic City n.j., As guests of the Philco corporation and the Dallman company exclusive Philco wholesalers in the Bay area. The men who will be among More than 7500 winning Philco dealers from throughout the United states Are George wit comb of Jackson a Claude Stout of Bales Frank Picard maxwells Lonnie Galyon Mel Rose appliance company and Jeorge Spielvogel of East 14th Street hardware arid appliance. Convention it Inci Ary includes a Phi Corama presentation of new models boxing matches special parades and entertain ment. Dealers won the trip through outstanding Philco sales during the his year. Lion Are Ray Henson. Of Uptown to first vice president Claire Lanam of Lanam radio com Pany Berkeley second vice president James Marden Tele vision clinic Secretary and Al Len Selmin Allen to treasurer. Directors Are Al Washer state radio and music company John Miller Central to Lloyd Slat Ler Good housekeeping com Pany Lloyd Mckenny Berkeley Auto radio Berkeley Howard Spracklin Howard s television James Hoo Hoo television com Pany Renza mob no Mobine to and appliance and f. R. Car Penter Ria service company. R. H. I Larrim Veteran Oak land piano Salesman has joined the sales staff of the piano and trill Une photo r. H. Pilgrim Veteran piano Salesman has joined sales Breuner s. Staff at Organ department of Breuner s Oakland store according to r. L. Kelson store manager. Pilgrim has More than 40 years experience with pianos. He spent 12 years learning the technical Ide of the business at a Large Eastern piano factory and has spent 30 years soiling High Grade Jianos 23 of them with the Fox Iano company. Another new member of first five months of Jar Cuner s piano department is Ray Christianer who has had 50 years experience in piano and the first regular meeting of Organ service work. He newly organized television and radio association of Ala Meda county will be held at i . Tomorrow at the Leaming on hotel according to Fred lock of Granada radio presi Dent. E. E. Hanson of Leo a my 3erg company san Francisco talk on credit and the economics of the television Indus by at the initial meeting of the roup which was formed to setter the Industry As a whole o protect and educate the pubic an to create a better under stand my Rock said. Other officers of the Assoc a Keith j. Swift Oakland Field Man with by service inc. And Industrial chemical service company has Bern transferred to Portland Ore. O take charge it a new Industrial chemical services Talion there. The station will offer Cal cleaning and maintenance service to Industry including re Moval of water deposited Scales and sludge from All types of equipment. W. H. Atkins sales Engineer at Oakland has been transferred to Long Beach. Replacing him is a. M. Marzolla. Notice of Sale of per Sonal property at Public auction to satisfy like notice in hereby riven Fiat on he Lith Day of june Ifim it Hie Lour of 11 00 o clock . On Sale Lay. At hip Treml sri Una non Fis Ransit shed no. 1. Bill unload it oot of four Fem in the Luter Harbor terminal area of Tho of Oakland in the City of Oakland. County of Alaneda state if California the Ell at Public auction for Cash in awful Money of the United state f America the following Persona property. As described in Bills of adding or so pitch thereof As my necessary to satisfy the hens Harges and a pesos hereinafter it Forth do Fern Stream 1 is vhf 76 by Oetz Bros To Central Drue House Lian Ghal 21 cases various chem als 4162 ibs. Charges sss.05 2x is Stonewall Jackson 1 11 by Wilson sex Ort import corp. To Howard Export import co., Honor Kumik. 00 Drums Coal tar dyes. Floo is. X is president Harding 1 124 by 1. D Talvo Radl Rik co. To i. D. To lip Rad Ink co hons 75 Drums bleach inc powder yellow Label 800 charges 60.30. 2 202 by 1. D. Talve trading of. To associated China trend is Ltd., Honjo Kong to Drums bleach inc powder 3300 ibs. Hares Jess president 1 18 by Wah Chane co. To t. K. I co. L 113 Drums Calco Sulphur Blue by 10600 if barges 2 y i. D. Talve trading co., to Visso chafed China traders lid hons urn shed Cambric 12652 Hareen c4 of by Andersen Meyer co. To International general electric o., Hong Kong 6 Cartons project on lamps 33 ibs., none. X 1gajj1 _. 1 16 by Witco Al co. To Llusia. To Hong. Shanghai. 100 bags Iron oxide red. 00 Tbs. Charges ii06.c2. 2.1 by Dayton Price co. O Chiffon Yuen co., then san. 26 mechanics 6.169 a. Tlll.60. 3 a by Fallek products co. To mex trading co., hone Konsur pcs pharmaceuticals 99 ibs. 4 38 y Otis Mcallister co., to Ingr my pfc development co., then in. 1 Case Cylinder wires 298 ibs., Harges 5 4t by no or a International co. To a fast Asiatic co. Tientsin 4 Drums and 4 finn nos synthetic Heslyn 32t5 11.5. K.7.91 c by w. F. Chin co to slur a trading co., hour Kong. Cartons pharmaceuticals 1s5 ibs. Charges so.15. 3 67 by Joe Public chem iral corp to Hung Wleh Trad ing co., tientsin 30 Drums sodium Hydro sulphate 8100 ibs. Cliar feb 10 69 by Ite Public chemical co. To Yungr Illus trading co., tientsin. 32 barrels sodium perforate. 8640 ibr., charges jim.8. Lit 73 by m Browning co. To Vonjj Tal Trad inn for development co., ton Luln 14 Drums sodium 37fi2 ibs. Ctr can j77 m2j 3 by an cd Arspn Spyr co Ltd. To China textile machinery Mazurs Shin Ikhil. 46 hues text Llo Marl Ilner. 21sr2 ibp., Moi. 1.1 6 by sin Clair Valentino to Sun a h. Trading f Shanghai 7 Var orc Blue. 1303 charges 14 9 by Sinclair it Valo Nilep to Sun Dah Trad ing co Shanghai 3 Drums Peacock Blue Law. Cliar Kex Job 47. If 2d by Andersen. Meyer co. To you Cotton Mills. Khanti Bixl s Rolls Rosin Slazo paper. 2 a Ftp in steam traps and 1 Case Samv valve .179 ibs., cd fluffs s15.r6. Your stucco House at 4864 Park . 5-room stucco House at Park blvd. At . Open for inspection monday. Fune 8, 19bx Between the Houri of 2 and 4 . Terms and conditions of for Purchase and removal of said building will be by the City clerk on application and said work must be done in co dance with said terms and in tons. Refer to said before had done. The City Council reserves to reject any and All re Char m. Don. City clerk. No. 7s4 june z it

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