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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 24, 1961
Page
6
An ad promotes a three month trial subscription for seven dollars to The Wall Street Journal. It highlights daily business and Washington news, a large staff, and value for various readers from salaried workers to small business owners.
Charles M. Robertson, 89, of Cincinnati and former Kroger executive, died Monday in Pompano Beach. He led the grocery firm earlier in his career and was known for long service in retail.
Paine, Webber, Jackson and Curtis of the New York Stock Exchange at 201 East 4th St. Long Beach announce six free investment talks. Howard Booth, resident manager, says Don Bretting will host all sessions, each Thursday at 7:30 p.m. starting Feb. 2 with advance reservations required due to limited facilities. Topics include reading the financial page, stock transactions, stock comparisons, planning an investment program, mutual funds, and economics’ effect on the market.
Fragmented OCR summary of a treasury report showing cash balance and deposits. Mentions annual fiscal figures, totals around 51 billion dollars, large deposits, and scattered numbers. The text is incomplete with many garbled names and dates.
In a two year surge, business and private users embrace 23 channel Citizen's Band. Sales near 175,000 units with 10,000 new licenses monthly. estimates of 5,000 manufacturers and devices from RCA Lafayette to Raytheon. Disputes over airwaves bring calls for a distress channel while portable units expand use among farmers, taxi firms, boaters, and professionals. Prices run around 200 dollars for full systems, 49.30 for a pocket receiver.
Aviation executive George M. Bunker of Marlin Co Baltimore says nearly one third of the nation s manufacturing workforce is in peacetime defense and defense contractors produce about 12 billion annually while urging fluid inventories to keep pace with rapid tech advances and a monolithic competition. Bankers conference speaker Thomas C Boushall of Bank of Virginia adds consumer credit from banks will help halt recession and lift the economy.
The Atomic Energy Commission awards IBM a 13.5 million contract to build a Stretch class computer for the Livermore Radiation Laboratory. The system will be installed near Livermore to support a broader potential market in industry and government. Completion aimed by January 1962.
A Capital Viscount airliner suffered a gear collapse on touchdown at Greater Pittsburgh Airport. None of the 48 aboard were injured. 44 passengers and 4 crew members escaped unharmed. The aircraft had originated in Minneapolis and was bound for New York City with crew also from Minneapolis.
Beardsley Graham told the Institute of Aerospace Sciences that a satellite program could reach up to 4.5 million dollars with launch costs ranging from 1.6 to 3.3 million depending on facilities and boosters. He noted a wide price spread for first stage engines, boosters, and potential applications, stressing the need to assess costs before committing to such a project.
Fragmentary OCR notes reference building permits with scattered figures and names. The garbled text mentions a date, dollar amounts, and various personal names, but the exact project details, locations, and outcomes are unclear. Based on readable bits, no coherent permit action or authority can be confirmed.
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