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Newspaper
Phoenix Gazette
Location
Phoenix, Arizona, United States of America
Date
Sep 13, 1951
Page
31
SAM DAWSON reports the ethylene petrochemical sector, the oil industry’s lighter twin, is rapid expanding. By 1962 its output is projected to soar 257 percent from 1950 levels to about 4 billion pounds, with polyethylene leading growth as synthetic fibers detergents and plastics reshape daily life.
Dr. Kuhn notes petrochemical investment rose from 350 million dollars in 1940 to nearly two billion this year, with a projection to eight billion by 1962. Ethylene, derived from refinery gases, fuels plastics, pesticides, explosives, and aviation components, with polyethylene expanding to meet demand for radar insulation, frozen food packaging, and unbreakable containers.
Demand dwindled in the grain market on September 13 as selling orders pushed prices lower across commodities. Wheat and corn eased while soybeans saw notable declines. Britain’s agreement to buy 1,000,000 tons of Russian crop added some late pressure.
A brief market line records oats pricing with emphasis on No 3 heavy white and extra heavy white oats. The entry notes a nominal rate around 1.30 to 1.51 per unit for feed use.
Cotton futures showed small early gains then eased on light hedging and liquidation. Export demand cooled as Australia bought about 20,000 bales this week. crop conditions remained generally good in the Eastern and Central belts, with slight deterioration in the Western belt and a net improvement in the Far Western States. Futures closed with varied moves around the prior close, midline spot at 35.40.
AP reports thin trading with corporate securities edging higher while government issues stayed steady. Vanadium and various bond series moved slightly. Tennessee Gas Co debentures and other new securities offerings highlighted the day as investors weighed limited activity.
In Los Angeles on September 13 a United Press report notes graded eggs to retailers rose five cents. The market shows Grade A and Grade B medium eggs at related wholesale levels, with receipts totaling around 5.802. The summary indicates pricing shifts amid grading adjustments and market activity for egg lots in transit.
Metals market report from New York notes roundings and price movements for copper and related commodities. Market watchers cite shifts in copper futures and spot prices amid weekly trading, with traders tracking global supply cues and manufacturing demand.
The Los Angeles grain page shows cash prices for white wheat around 3.85 to 3.90 per 100 pounds and 46 pound tare parcels at 336 to 40 cents. Oats around 3.70 to 3.70. The reference notes that the quotations are from yesterday and lists No 2 oats at 3.38 and other minor figures.
Shearaton Corp of America and subsidiaries report for the quarter ended July 31 a net income of 705,429 or 0.41 a share versus 949,375 or 0.56 in the prior year. United States Radiator Corp for six months ended July 6 posts 302,725 or 0.45 a share. Union Tank Car Co for six months ended June 30 records 2,175,849 net profit or 2.02 a share.
The stock market rose today led by rails with oils and metals joining the rally. Trading volume exceeded two million shares for the fourth straight day, about 2.3 million, with the Associated Press average hitting a new yearly high of 99.90.
The Associated Press reports a weighted wholesale commodities trend in New York with prices fluctuating. Previous day near 190.33, month ago 191.33, year ago 192. The record shows highs around 215.71 and lows near 189.34 with various 1926 averages and figures noted.
The document lists stock dividend terms and ex dividend details including cash or stock options, payable dates, and terms like declared or paid this year. It references cash values on ex dividend dates and notes accumulative issues with dividends arrears, with references to 1950s payment timing.
The American Iron and Steel Institute reports August steel production at a record 67,722,000 tons for the month. Over the summer months, more than 26 million tons were produced, up from 24.5 million in the 1950 summer. For January–August 1951, output reached about 69.7 million tons versus 63.5 million a year earlier. The Fed notes member banks’ business loans rose by 84 million in the week to Sept 5, with borrowings at 19.586 billion, up 4.654 billion from last year. Frank M. Folsom of RCA projects U.S. television will reach 50 million sets with about 3,000 stations. Flax prices listed for Minneapolis.
Forecast for Phoenix and vicinity calls for sunny skies today and tomorrow with high clouds and cooler today then warmer tomorrow. High near 97 today, around 72 tomorrow morning. Southeast Arizona may see a few showers or thundershowers tomorrow afternoon. Fire weather mostly clear with possible mild storms in the southeast. Winds east today, southwest in west. Sunrise and sunset times provided.
Hay market notes from Los Angeles dated September 13 show Alfalfa U S No 1 at 37 and 79 per hundredweight, No 3 green 34 No 7 No Q leafy category and related listings.
Western and midwest markets show slower cattle trade with steady to firm prices. Cattle and calves in Sauk Centre and Kansas City quoted test ranges for steers, heifers, cows, and bulls, with hogs and sheep listing mixed to steady values. Prices vary by weight and grade across regions including Chicago and Colorado fed cattle bids, with feeders and canners noted in several categories.
The Los Angeles market reports no change in orange lemon and grapefruit prices on September 13 with levels steady across the board. Values for citrus fruits remained unchanged from prior quotes according to the UP market dispatch.
Foreign exchange rates show mixed moves with the Canadian dollar at 94.62 U.S. cents, British pound futures at 2.80, and several currencies steady or marginally changed including the Dutch guilder at 96.20 and the Portuguese escudo at 3.48.
New York reports firm to higher prices for wool tans and futures with May and July bids quoted. Spot wool tops estimate indicates war steps affecting volumes. traders note futures up as buyers push for coverage.
Birth notices list several newborns with parents and addresses across Good Samaritan, Memorial, Mesa Southside, Norman and St. Joseph hospitals. Names include Bennie Delgado, Wayne Senseman, Domineo Villegas, Elton, and Eugene Ampleby, among others, with birth locations and Sept dates.
Divorces granted include Sybil Irene from Lon Boucos Jennie A from Adeline Cockran Mary from Aaron Ochoa Lupe from Vntervoe Ora Etta from Robert Smith Esther from W F an nulment Terraay from Leo Zipriick W from Laurett Patterson.
A batch of marriage licenses lists pairs such as Walter Wilburra and Betty Sue, Owen Franklin Hildress and Marie Nash, Robert Burkhart and Shirley Seam, J D Klemfer and Annabelle lice, Frank Jr. Doss-Stegnner and Catherine Pete, Benno Moody and a Phoenix partner, Leo Arrett Purcell with Muriel V, Murray Rudd Vehling and Betty Rudd, and Robert Huff Russell with Wilda Myers. The Phoenix Gazette notes ongoing notices and funeral details follow, including services for Robert A. Gibbons Trick and James Calvert, with memorials at Mercer Mortuary and donations to the American Friends Service Committee.
Court filings list multiple divorce petitions including CAZARES Lopez sues Lankford Alfonso, Lindner Catharina S. sues Erhard Wilhelm, Daly Jean sues J Mor Ss, Metcalf Pearl Evelyn sues Clarence S., Oleszowski Betty L. sues Edmund 5S, Palmer Irene sues Hollis J., Shields chard B. sues Josephine M.
Local ad rates and subscriber details for Republic and Gazette appear along with service and contact data. Obituary notices list individuals such as Joseph H. Black Charlies E Brown and John W Dial with service details and funeral homes in Phoenix, Sunnyslope and Mesa.
List of funeral homes and chapels serving Mesa Arizona with addresses phone numbers and ambulance services. Includes Grimshaw Forman Whitney Gibbons Leonard Lundberg and other providers. Also a lost and found dog notices with reward and contact details. A manhole sewer cover missing between Phoenix and Tucson noted with reward offered.
Public auction at Mohave Auction House lists household items including mattresses coil springs divans beds chairs and stoves with a night sale featuring televisions living room suites bedroom sets dining sets refrigerators washers and more. Sunday sale at East Garfield to liquidate Harry Bennett’s furnishings with itemized listing to follow in Saturday paper.
Auction notices list items from office furnishings electrical signs and cooler equipment to a full estate settlement at 2915 N 16th Ave. The big day sale occurs Monday at 10 AM and a 7 PM session follows. Arizona Auctioneers Milton Burack Brunk’s Auction co operate with Canate & Weir for the sale in Phoenix area.
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