Stockholders Seek Cash Value in Portsmouth Detroit Merger
Two suits filed in Common Pleas Court protest the Portsmouth Steel Corp and Detroit Steel Corp merger and seek fair cash value for stock. Plaintiffs demand appraisers to set cash value, citing offers around 11,900 per share, with consolidation planned Jan. 3. The case names Charles Longini and the Levy estate, with details on stock ownership and objections. The merger aims to create a fully integrated steel operation with cash for Portsmouth stock and Detroit stock for the local plant and coal mines. US Census data reports population at about 150,183,000 as of Nov 1.
MENTIONED IN THIS ARTICLE
Portsmouth Steel Corp
Portsmouth Steel
Detroit Steel Corp
Detroit
Common Pleas Court
Cincinnati
Nichols, Wood, Marx and Ginter
Portsmouth
Johnson, Skelton, Kahl & Horr
Attorne
Charles Longini
Cincinnai
Jeannette F. Levy
Longini
Portsmouth Stel
Robert Kuhn
Edward Kuhn
Har M. Hoffheimer
Portsmouth Steel Corp. i
Detroit Steel
Freeburn
Cyrus Eaton
Max Zivian
Hott
Yale Contest Seeks Entries For Home And School Decorations
Entries pour in for the city Christmas decorations contest. Three women named as judges: Lucille Graham WPAX editor, Mrs. George Emrick, and Mrs. Clyde Smitch. Two $25 prizes awarded to two winning homes or schools. Judging week after Christmas. entries free by mailing a coupon published in The Times. Entries close at midnight next Monday.
MENTIONED IN THIS ARTICLE
Frank Balmert Jr
Jaycee Sponsoring Committee
Lucille Graham
WPAX
George F. Emrick
Woman's City Club
Chamber of Commerce
Clyde M. Smitch
Ohio Association of Garden Clubs
Portsmouth Garden Club
Times
Yule Seal Sale Passes $6,300
The Christmas Seal sale reached $6,385.28 today with added mail contributions and restaurant cafe division efforts led by Barbour Counts and noted volunteers. Scioto County Tuberculosis and Health Association sponsors the drive aiming for a $16,000 goal to fund tuberculosis work.
MENTIONED IN THIS ARTICLE
Barbour K. Counts
Charles Cohen
Demaree Moore
Raymond Doerr
N. Ber
Dinelli
James Vournazos
Frank Farrell
Sanford Pass
Harry Foal
Scioto County
Price Would Exempt Small Wage Earners
Pittsburgh December 23 AP reports Gwilym A. Price president of Westinghouse Electric Corp proposed a new income tax plan to lift about 20 million wage earners from federal taxes. The plan taxes all income at the same rates for individuals and corporations, raises personal exemptions to 1300 single and 2000 married with 600 per dependent, and starts at 15 percent rising to 50 percent. It would also end double taxation on dividends and allow untaxed corporate earnings to fund modernization.
MENTIONED IN THIS ARTICLE
Pittsburgh
Gwilym A. Price
Westinghouse Electric Corp
America
Mr. Price
PAL
Truman Leaves Capital For Holiday In Missouri
President Truman departed Washington in rainy weather aboard his personal plane the Independence for a Christmas trip to Missouri. The craft flew about three hours and forty five minutes to Kansas City where he would drive to the Truman home in Independence.
MENTIONED IN THIS ARTICLE
Truman
Capital
Missouri
Washington
Independence
National
Kansas City
Kas
Truman Says Eisenhower Not Planning Run
President Truman indicated he does not expect General Dwight D. Eisenhower to seek the presidency, noting they remain friends. Senator Hubert Humphrey of Minnesota reacted, saying Truman could win again now against any Republican foe, while Humphrey declined to guess if Truman will run in 1952.
MENTIONED IN THIS ARTICLE
Truman
Minnesota
Washington
Dwight D. Eisenhower
Humphrey
Humphey
Gen. Eisenhower
Europe
Columbia University
Weatherman Expects Snow Amid Holiday Cold Snap
The forecast foresees a snowy Christmas for Portsmouth and much of the Midwest as a cold air mass spreads east. Flurries earlier prompted sled anticipation while temperatures swung from 65 in the south to sub-zero in the Dakotas and Minnesota. The nation faces varied conditions with highs of 60s in some East Coast cities and zero or below in others as several regions endure ice and snow.
MENTIONED IN THIS ARTICLE
Portsmouth
Appalachian Mountains
Dakotas
Illnois
Pembina
N. C
International Falls
Mina
Rockford
Bradford
Hil
Chicago
New York City
Times Square
Mercury
Fittsburgh
Buffalo
Boston
Philadelphia
Minnesota
North Dakota
Drill Pay Cut Misses Most
Columbus report notes army order cutting drill pay will not affect about 5,300 officers and 4,500 enlisted in authorized reserve units. It targets 2,886 officers and 515 enlisted in 214 training units not assigned to the table of organization. Some officers expect later recognition for continued drill without pay.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Industries to Idle Monday for Christmas Observance
Industrial plants and city offices will be idle from Saturday morning through Tuesday for the Christmas holiday. Banks, courthouses and post office stamp windows will close. mail will not be delivered Monday. libraries and liquor stores also close. garbage will be collected later in the week. several plants including Selby Shoe and Williams Mfg will shut Saturday and Monday. Portsmouth Steel will run only blast furnace and coke ovens.
MENTIONED IN THIS ARTICLE
Franklin D. Smith
Russell G. Ketter
Retail Merchants Association, Y
Floyd Kalb
City Service
Norfolk & Western Railway
Selby Shoe Co
Williams Mfg
Cos Mitchellace, Inc
General Refractories Co
T. M. Paterson Paperbox Co
Harbison-Walker Refractories Co
Ohio Stove Co
Portsmouth Casting & Mfg. Co
Vulcan Corp
Portsmouth Steel Corp
Bombers Carry 11 Men To Deaths In Georgia Swamps
The report recounts a fatal bombing in Georgia swamps where eleven men perished. Details are unclear from the fragment, but the incident is presented as a wartime tragedy with the victims' names not specified in the readable text. The item appears within a broader wartime news roundup.
MENTIONED IN THIS ARTICLE
Georgia
Santa To Appear Plans Complete For Kids Theater Party
Plans are complete for the annual Community Christmas Party at the LaRoy Theater Saturday with about 1,400 boys to attend. Santa Claus will appear in the first period, hosted by Junior Chamber of Commerce, with Warner Bros. cartoons, candy and apples for all, and Salvation Army assistance. Police, firemen, and Jaycee volunteers will manage crowds. 100 children from Hillcrest Home will ride buses. The Salvation Army fund seeks further donations to cover expenses.
MENTIONED IN THIS ARTICLE
Salvation Army
LaRoy Theater
Hd N
Douglas Gee
Warner Bros. Theater Management
Gee
Portsmouth City Lines
Childrenrom Hillcrest
Howard Klealer
Army
Gallia St Esplanade
Ray E. Griver
Security Central Nations
Five Hurt In Portsmouth Traffic Incidents
Five persons, including a child and a man, were injured in Portsmouth area traffic accidents on Thursday. A boy and a man suffered leg fractures after being struck by vehicles. witnesses noted a trailer struck by a tractor-trailer outfit and a driver fled the scene. Other injuries involved drivers in separate crashes on Route 52 and Route 125 near Friendship and Peebles, with one driver charged with reckless driving.
MENTIONED IN THIS ARTICLE
Portsmouth
Ralph Eblin Jr
Third St
Portsmouth General Hospital
Lynn
Ralph Halley
Poolesh
Lynn's
Second St
Halley
Ralph Pollock
Holley
Kvo
Pegriglin'y Furnace
Wayne Henderson
Ironton
Ironton General Hospital
McCurdy
Henderson
James Fengleton
Peebles Rt 1
Pendleton
Municipal Cour
Friendship
E. A. Bettis Dr
Cincinnati
Bettis
Flaming B-50 Falls Soon After Takeoff
A U.S. Air Force B-50 bomber crashed in the Savannah River marsh after taking off from Chatham Air Force Base. All 11 aboard were killed, with wreckage buried in mud and rescue teams limited by difficult terrain. Official lists of the personnel awaited identification and next of kin notification.
MENTIONED IN THIS ARTICLE
Savannah
Air Force
Chatham Air Force Base
Georgia State Line
Wilds
Frederic E. Glartzberg
Chatham Field
el Paso
Texas
Pilot Daum Saves Buddy After Fireball Crash
A Portsmouth navy airman Gordon A. Daum was credited with saving co pilot Albert C. Strickland after a transport plane lurched off a runway at Norfolk Naval Air Station and burst into flames. Daum re entered the burning craft to rescue Strickland, suffering facial burns but returning home with his wife and son. Strickland was hospitalized in critical condition with burns and pelvic injuries.
MENTIONED IN THIS ARTICLE
Navy
Portsmouth
Naval Air Station
Gordon A. Baum
Elizabeth Daum
Mabertrd
G A. Daum Daum
Jack Daum
Kinney's Lane
Norfolk
Aviation Ordnance
Albert C. Strickland
Savannah
Daum
Strickland
Ilot Daum
Naval Station
Also Mentioned on This Page
Kiendleville
Wilhelmina Peppers
York
U.S
United States
Census Bureau
Yale
Ike
Great Lakes
Ohio Valley
Montana
California
Ilinois
Norjmil
Tashington
Pius XII
Chile
White House
Mr. Truman
Meron C. Taylor
U. S
Vatican City
Earth
Pope Pius
DALLY
Santa
Raydeen
Ao Pessenger
LeRoy Briggs
Route 125
Savannah River Wilds
Chatham
J. A. Myles
Savannah River
Pilot Daum
Buddy
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