Independent from Long Beach, California on April 2, 1962 · Page 2
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Independent from Long Beach, California · Page 2

Long Beach, California
Issue Date:
Monday, April 2, 1962
Page 2
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Pig. A.J-INDIPENDENT ItaU. CaU. MM. H"t I IMI L.A.C. SAYS:- .T/ie Annual Reports : From four 10G1 annual reports of U.S. corporations we get a picture of the great changes in our economy. Some arc discouraging and some more cheerful. But it would take a confirmed optimist to not be disturbed over what is going on. These reports are primarily for information to sliareowners--but they are available to workers in the industries and to the genera! public. They should he of interest to everyone. ft * * One report from American Cyanamid shows steady growth and a steady profit. Hut it shows total profits on SCO-J million of sales were $2.^1 a share of common stock. Only SI.GO a share was paid out in dividends c|tial in 3.5VJ on the present market value of the stock. The company lias 103,689 common sharcowners and 29,900 employes. It therefore takes more than three people investing their savings to provide one job. The Santa Fe Railroad shows almost exactly the same gross operating income and earnings of S2 a share. It paid common shareowners $1.45 a share equal to 5.5% of its market value of the shares. It has 109.000 common and preferred shareowners -- and ·15.877 employes. Its report pictures the great advances made in "piggyback" handling of freight -- meaning placing loaded truck trailers of freight directly on flat- rars and transferring them without unloading at terminal points. It is one of the greatest changes in freight handling of the past decade. ft * * A much less cheerful picture is given by American Airlines report. It tells how all airline trunk services lost money last year. American was fortunate in making $7 million on its $121 million of gross income. This equaled only 85 cents a common share--its dividends of $1 a share were therefore not covered. American sharcowncrs are now voting on a merger with Eastern Air Lines--whose service is largely confined to the I Cast Coast. The American Airlines president says--as concerns mergers--there is a striking similarity between the history of air and rail'transportation. More than 3( years ago it was apparent some of the railroads were headed for difficult days. It was equally obvious tha mergers could bring about a reduction in duplication- hut few mergers were proposed and fewer became effective. The railroads did not do what was neode( to be done when -they were strong. Today railroad mergers arc more numerous and one of the reasons i that the railroads arc weaker. ft ft * He points out that the wastefulness of several airlines ii-miiK thu same cities and routes is the reason lor their losses. It means duplication of planes--ticket offices, overhaul shops and freight and passenger depots. Kadi of the individual airlines has peak periods :md there is poor utilization of off-peak hours. If several airlines are put together there will be some balancing peaks, and efficiency will go up sharply. · The Fireman's Fund Insurance statement gives the list of its investments. These arc the reserve funds set up to protect the insured. They include long lists of corporations in many industries. It is-, in effect, nn "investment trust" in which virtually every family having any kind of its insurance is ;i part. This is a reason why every family should be interested in what happens to our economy and to the laws that tax and increasingly regulate private business. These are hut four of thousands of annual it-ports for 19U1 now available. Heading them gives a belter understanding of what our free-enterprise system means than nwst people ever have. Some of the corporations leport losses and some profits. Hut they picture a system that has given workers and investors I PKOVI.K IN THE MMS Manville Tells Wife No. 13 to 'Get Lost' Iran W«l lioknl iic playboy TBSS- my Manville said Sunday hat he has decided to cml ils marriage to Christina Erdlcn. his 13th. and plans to offer her $100.000 to ''Set lost." Manville. 07. will lie tvould make the offer to Christina through his at- Mvai »*v»».p*fcji **» White Plains, N.Y. Christina, 22, whom In- named Jan. 1, 1959. presently is i n Hcidcnham llrenr. West Germany, near Stuttgart. "She can May there, or no anywhere she pleases." he said, "but she isn't coming back here." "Here" is Don Repose No. 2, Manville's plush estate in Chappaqua, N.Y. Bon Repose No. 1, where he lived with his previous wives, was in New Kochelle. N.Y. The breakup came, Mnn- ville said, because Christina flew to Heidenham INDEPENDENT bliiheJ dally "Ctct Sunday it Sixth St. and Pint Ave.. Long Beach 12. Calif. Enttrtd l itcond t»i matter Mar. 17. 1943. it Long Beach 2. Calif. Adjudicated ty Su- enor Ceurt. Lot Angelci County. Oct. (, lilt. Decree No. C-1C2CO. Per Per Month Year C a n l e r Delivery tt.2* 127.00 f M a l l 2.7S JJ-00 ingle Copy he best returns ever given i people in all history. Il should cause every worker and investor to do all he can to protect it.--LAC (L.A.C.'i C.C'JT-. k, I. A. C-'- CHARLIE CHAPLIN Pleased Hrenz two days ago seeking a movie contract from a German producer. "She called me today and said she didn't get the contract and wanted to come back," Manville said. "I told her it cost me 52.000 for her to fly over there for her two-day vacation and as far as I was concerned, she could stay there." HUENDLY Actress Janet Leigh said Sunday that her friendship with Brazilian millionaire p l a y b o y Jorge Gulnlc stemmed fiiun the fact that both of them s are "trying to improve relations between the United States and Latin American countries." Miss Leigh, recently separated from her actor lais- barid. Tony Curtis, left New York by plane for California Sunday «till sportlnc the remnants of a black eye she received in a fall last week. Cuinic arrived in New York Sat. and -promptly checked In at the same hotel where Miss Leigh had been staying after she left the hospital. They had dinner together Sat. night. /;/{. CHAI'LIN? The ruling body of England's Oxford University, the Hebdominal Council, has decided to propose Charlie Chaplin for an honorary degree next term. It is unusual for .the names of nominees to become known before an official announcement but the Chaplin decision came into the open because-one Oxford professor plans to oppose the award. . Prof. Patrick Trevor-Roper, noted historian, has been voicing his displeasure privately for weeks. He calls it "an iniquitous proposal" but has not spelled out the reasons for his objections. At Vevey, Switzerland, where Chaplin is finishing his autobiography, the British-born comedian was reported pleased with the prospect of becoming a doctor of letters. KM'OY President Kennedy is expected to appoint career diplomat Jacob D. Beam as ambassador to the Soviet Union, the New York Times said Sunday in a Washington dispatch. Beam w o u l d succeed Llewellyn E. Thompson Jr., ambassador in M o s c o w since 1957. Since January Beam has been the deputy director of the United States Arms Control and Disarmament Agency In the State Department. The State Department declined comment. ANGER Soviet Premier NIklla S. K h r u s h c h e v ' s famous pounding of a United Nation's desk with his shoe was prompted by anger at having ' broken his wrist watch. So he told Mrs. Drew Pearson, wife of the Washington columnist, when she and her husband visited him last August at his home near Gagry on the Black Sea. Mrs. Pearson, writing in the Saturday Evening Post,, . said: "I remember Mr. K's explaining why he took his off at United Natioiii. "He Mid he was banging · his fist on the,deik when .: he broke his wrist watch. ; which' made him msd ur madder. 1 guess; so he took oft his shoe. "Ik el«i tald that thu Spanish ambassador sitting; just in front of hte seemed . scared to death lie was go- : ing to be hit on his bald head." ' . The shoe pounding on Oct. 12. 19CO. gave the United Nations one of the wildest sessions in its history. : Free Lecture : z^PI^^?^ Riu- H . · ' MENU ALL WEEK Served Daily 2:30-7:30 Bikri Swltt SHU Itcil Kent (IS. Cbtlci till. JOBlfctrn Rout 1/4 Fusli Ch!ckta_$l.fO laked Ttnili Mill Leil SIX5 Biktd "Joan Dliry" Him SI.H Coinid Bill Biltktl, UJ. Ckolct~.SU Loin dealt Peik "JoniJ Dairy Farm- SI.2S Rout Flint Rib ol Bill ______ ..... .- SMS Ron) It* cl linb ____ ............... SI JO Two Funks anJ Kraut _____________ SUB Cheicr Salad. Pttatc Ifakrd *r Maifwdl vr«*l«klf. H«fnt S'rlt Rill A tutter, Ctttft Tea iH»t »f icttf) tr ··ttrrmtl*. IREAKFAST FROM i A.M. -- LUNCH FROM 11 T H O U H L K D ? GOLDEN PREMIUM HEATS U.S.D.A. CHOICE SAFETY SINCE 1 9 2 7 INSURED SAVINGS · rut MONET oioiit to out mum sivus . · Salttf cl (Out siinji itnutfd UD to tlO.OOO. ' Btaittiymail...postal! life. · Account! pOJl/rjrlid en w bilwe tht lOlh cl IH month tin Iron t^i lit. lout ntia)ir. I I'll faiiir(nrit door. Itlll mm mm Sinci 1927. kt t.nt pmJ the hi{he»l ute conjiitiT.t irith Jlfetf ar.d sound )t.CurrtntN!eis6'; * ·WtStfFOtUUTtHAlTtltDUVIl.tS ij AUOCUTIOM H US AHtUIJ* Vvm. S. Maitm, Pietident | UNION FEDERAL SAVINOS *· «»P IQtN USSd'CIATION » ' S T « g j i S H [ P IU' ' MEMBER fEDERATTHOUC LOAN DANK S ~ GROUND SWISS BEEF STEAK UIIUI fllll; A TRIP TO EUROPE OR HAWAII! W O I I O IN«£S S M O t I I I M M I H C I D A l l t l M I GENIE* CUt ROUND STEAK OR Will TRIMMED RUMP ROAST TOP ROUND STEAK OR TOP ROUND ROAST BIG7^ CONTEST! k^^r fli£7 (If diricl l»m l«l Angtltt to -~ -**·' Europe In onl/ 10!: hll. oboord 'n gle«t PAN »M J»l CllpptrS. Viilt london, Polil. Amttirdom, Brutttlll Or b« whiikld liom l«i Angdtt to Honolulu In only 310 .--/x-~ mlnultl bf a twift, luiuneut N "/ PAN AM Jit Clipptr. $lo/ at f\ lomoul «e«l Hold. DON I DIUTI INIII NOW At ANT BONEIESS FAMILY STEAKS BREAKFASTTSTEAKS-- » BONUEIS ^f^f STEWING BEEF//, 1 OUR OWN "DELI" KITCHEN RALPHS RED LABEL ui. MCI IMARGARINE MORE SPECIALS-MORE VARIETY SWORDFISHAOk ' "TEAKS WT - FARM FRESH PRODUCE! FINEST FROZEN i FOODS BANANAS FANCY CENTRAL AMERICAN TOMATOES 15 FIRM SLICING iioz. CIUO PKG. BANQUET FROZEN DINNERS nil. CHICIIN, tauuuil Itiai ol tumr 4 FISHERMEN »°»« t 3«*j£ FISH STICKS.«.r.o3FOR$|00 EASTERN SCALLOPS ^Sux6c STOUFFER MACARONIS CHEESE """me. 45 STOUFFER WELSH RAREBIT !??". no. 65' tm tun orntti 4m ACtiCt in, Ksir KMBI. lun omctj 43 Sogfli V*( Stntt In Aapttt»K'. U2 I PORK BEANS ruiiiuir 4'..or. ne. AU GRATIN POTATOES 'HOUSEHOLD NEEDS BLEACH OUR OWN FRESH BAKERY IN PLASTIC BOIIUS KLEENEX GIANT ROLL PAPER TOWELS VTHItl. FINK 01 T I I I O W DOLE PINEAPPLE UBBY'S CORNED BEEF HASH RINSO BLUE DETERGENT met INCIUOII ·Ji oif tain 140 29 28 43 COII IllOt (UIONIa Ml. C»N FRENCH SLICED GREEN BEANS NEW ACTIVE ALL DETERGENT m. ML 67 C fllCI INCIUDII'lh Oil' Kilt WISK LIQUID DETERGENT H.ti C.UON $1" ruci iNciuttt -u, oil* unt LUX LIQUID DETERGENT »«:. 57' rttci iNctusn -it on-* uni SWAN LIQUID DETERGENT nor. 35' DANISH PRUNE COFFEE RING STANDARD 15-OZ. IOAF CRACKED WHEAT BREAD = REMINDER!-REDEEM YOUR WONDERS T°H FE ANIMAL KINGDOM PICTURE PACKET NO. 7 (Xtctiud In Your Holpht Ad »l local MoiUr ol Match 3») GOOD THRU APRIL 4 PICTURE PACKETS 1 THRU 9 ON SALE NOW OMIT | 0* I«CH " 8 "' V * IUI " CH SCHILLING w« «n«SEASONING MIX nwi 25* I ADD TAX TO TAXABLE ITEMS PRICES Er^ECT-vTMoTlDAY THRU WEDNESDAY. APRIL 2, 3 4 4 !VBi^ii^^^^^^^^^^*»'»^i««'*^i^iHHHHii^Ba^^JB^^^BB^Hi^^^^^iB^i^B^i^MBiKBi^^H-T9TT«Biiivrr~~ ^rviiiVTViaWTr^rTiBrwriii^pvrrvvHr«HPT9VYT (SZ» for lh» MOSfol iht BIST tor th» If AST!' t 'i;':!'.r.i:--I.ITH; · 10th and Cherry, Long Beach V Del Amo and Paramount, Lakcwood :

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