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Newspaper
Phoenix Gazette
Location
Phoenix, Arizona, United States of America
Date
Apr 27, 1951
Page
7
Inspiration Consolidated Copper Company reported a net income of 1,089,388 for the quarter ended March 31. This compares with 637,935 a year earlier. Earnings per share were 92 cents, up from 54 cents. About 1,000 people are employed at Globe-Miami Arizona properties.
A fire at dawn damaged the Daily Argus Leader in Sioux Falls South Dakota destroying the newsroom advertising and executive offices. The printing shop pressroom and newsprint storage were also damaged and the Associated Press Bureau suffered heavy damage. An emergency service was set up in a separate building.
The Senate debates a Farm Labor Bill to recruit Mexican workers and bring them to the United States to supply labor for crops. Ellender argues the plan helps workers and employers and could curb illegal entries, while Chavez cautions about fairness to domestic labor and notes current Mexico agreement expires June 30.
Bethlehem Steel reports first quarter 1951 net income of 25,066,205 dollars or 2.45 dollars per common share. This compares with 32,171,657 dollars or 3.19 per share in the prior quarter and 25,572,930 dollars or 2.50 per share in the same period a year earlier.
The Federal Reserve Board announced that business loans of member banks fell by 67 million dollars in the week ended April 18. It marked only the third weekly drop this year, leaving outstanding loans at 19.198 billion dollars, up 5.624 billion from a year ago.
The market advanced steadily with rail stocks driving the rise as blocks of up to 7,000 shares traded at the open. Oils and metals like steel, copper, and chemicals climbed, while major names such as Baltimore & Ohio Southern Pacific Santa Fe Nickel Plate New York Central Pennsylvania Warner Brothers Standard Oil Gulf Oil Kennecott Anaconda General Motors and Du Pont posted gains.
Light trading lifted many corporate bonds with several issues advancing over a point. Government bonds held steady as some issues slipped. Notable gains appeared for Philadelphia Electric 2% s, Chicago Great Western income 4% s, and Southern Pacific convertible 3s, while Denver & Salt Lake 3s and Niagara Mohawk Power 2s fell. New offering included Public Service Company of Oklahoma 3% bonds at 99.71 yielding about 3.14%.
CHICAGO April 27 AP grain prices softened as hedging pulled wheat lower while corn and soybeans rose on reports of weak crude vegetable oil demand.
New York April 27 Cotton futures opened higher by ten cents a bale and then eased. May 45.39, July 45.22, Oct. 39.94-95, Dec. 39.45, March 39.35. trading showed hedging and liquidation offset by buying and a spot firm selling thousands of bales. Traders noted strikes and weak business adding to liberal May sales, with prices fluctuating as noon ticked up.
Vienna April 27 AP Russians allowed six Austrian journalists to resume watching the Hungarian border for the return of American businessman Robert A Vogeler but offered no sign of his release. The reporters waited at Nikelsdorf, 40 miles east of Vienna, unsure if Vogeler crossed during their absence. Russian officers had earlier ordered them out and warned they must reapply to enter the Soviet zone. Authorities then apologized and said Austrians can travel inside the country. The Russians claimed the border withdrawal was a mistake. The 1950 Mississippi football team features six seniors, four starters.
Phoenix area mostly sunny with variable high cloudiness today. Clearing tonight with sunny skies tomorrow and warmer temperatures. Highest near 80 today, lowest tomorrow around 52. Arizona mountains mostly cloudy today through tomorrow. Fire weather partly cloudy with higher temps and lower humidity. Sunset 7:07 p.m., sunrise 5:43 a.m. Precipitation none in 24 hours. since April 1: 1.44 inches.
Birth notices from GOOD SAMARITAN HOSPITAL MEMORIAL HOSPITAL ST. JOSEPH'S HOSPITAL and local addresses list multiple newborns. Names include Galen Tempe a girl and George Davis a boy born April 25. Other entries show twins a boy and girl, various streets, and several April 25 or 23 dates.
The list shows several marriages filed in and around Phoenix. Baldwin Lyons pair Mack and Re better both residents of Phoenix. Gardner Cluef from Waynes Holbrook and Norma Suan from Phoenix appear among licensees. Ramirez Herrera Alex Joe and Reid Kimball Russell J. pair from Phoenix with Lorraine A. from Detroit. Sager Robinson E and Bessie of Phoenix. White Merrill Wilford P and Shirley of Mesa. Yolt Kent Carle and Rita Z of Phoenix.
A batch of divorce petitions and cross complaints were filed in Arizona, listing defendants including Jack Bennett, Bert Sidgey, Wilbur Cross, and O Park among others. The notices reference Republic and Gazette Phoenix Newspapers Inc with mailing addresses in Phoenix and regional offices in Mesa and Glendale, outlining subscription pricing and delivery options for Arizona Republic M and S and Gazette-Evening.
Compilation lists capacities, contents, gains and losses across Roosevelt Mesa Mormon Flat Stewart Mountain Horseshoe Dam and Attlet Dam reservoirs. Includes water pumped and diverted, year comparisons, and notes on irrigation lands and cultivation periods.
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