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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 17, 1967
Page
11
Treasury officials map a plan to extend silver’s role through 1968 as copper-nickel coins replace silver. A 24 member commission will study timing on ending price support and other options to free silver from certicates and possibly redeem them for currency or coins.
Palm prints from a roughly textured wall have been offered as evidence in a murder trial in Los Angeles. Witnesses testified that the prints matched Robert D Hill, 23, in a case tied to Phyllis Black's death at Inada Hills.
FHA says conventional first mortgage rates fell about 0.05 percent in December with 6.65 percent for new homes and 6.70 percent for existing homes. Declines appeared in the Northeast, Southeast, and West while overall rates remained above year-ago levels. Private housing starts rose 9 percent to a seasonally adjusted annual rate of 1,102,000, highest since last August, though 38 percent below a year earlier.
The Board of Education allocated 2 million dollars for initial development of a new junior college southwest of Los Angeles. The campus will sit on Imperial Highway and Western Avenue, serving Watts and nearby communities in its attendance area.
Detroit economist Eliot Janeway predicts Congress will reject Johnsons proposed income tax increase and shift to higher excise taxes starting with the auto industry. He argues the 9 billion quick revenue may come from excise taxes while individual and corporate surtaxes may not fund federal spending.
A federal judge ordered Billie Sol Estes to pay $2 million to Pacific Finance Corp. Estes, a Pecos, Texas promoter, is imprisoned in Minnesota on a fraud conviction. The decision by Judge Sarah T. Hughes follows Estes bankruptcy claim and seeks satisfaction of the judgment.
In Los Angeles the FSMANI producer report shows steer bids up to 46 to 1.00 higher with most choice steers trending higher. Mixed aged cattle sold at 25.25 to 26.00 per cwt while weights near 74.5 pounds and other entries indicate steady demand despite weather and supply fluctuations.
Live poultry and egg prices listed with multiple figures across categories. Roasters around 7400 head at 3.93 per unit, hens 1800 head at various weights, weighted averages near 5.19, and ranch estimates showing 46 and other market readings.
Building permits listed for Long Beach and surrounding areas include various projects such as garages, alterations, and additions. Notable entries reference Lucy Maxwell at 1010 Malne Ava, contractor Marion E. Jones, and multiple firms like Guess Inc and McEachern Co. with amounts ranging from two thousand to over one million dollars.
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