Independent Press-Telegram from Long Beach, California on January 4, 1959 · Page 93
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Independent Press-Telegram from Long Beach, California · Page 93

Long Beach, California
Issue Date:
Sunday, January 4, 1959
Page 93
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Pork Estates Shopping Not Fitting New Managers in Can Plants I C. F. Marquard, general man- manager' of its Terminal Island STOCKBRIDGE, England (UPD--Residents of thil Yorka ger of Continental Can Co.'s facility. Lockwood was plant manager JackMcrriek to Be Honored INDEPENDENT-PRESS-TELESRAM--R-3 IONO IIACM 19, CALIF., IUHDAT, JAN. 4, IM* BUSINESS BRIEFS I Details of the Park Plaza Shopping Center to be constructed at the entrance to Park Estates were disclosed Saturday by Rod Whaley, leasing agent for the L. S. Whaley Co., developers. It will be an exclusive-type center containing 12 select retail and service stores and shops. Included will be men's and women's apparel shops, drug and pharmacy, camera shop, gourmet delicatessen, beauty and barber salons, deluxe ice cream parlor and dry cleaning shop. Leasing negotiations on some of the stores is already under way, Whaley reported. · Total cost of the center \vfll be in excess of a half million dollars. It will be constructed on a 40,000 square foot site, just off the intersection of Pacific Coast Hwy. and Anaheim Rd. As designed by H. Carlo Fontaine and Associates, Park Plaza will express the most modem aspects of merchandising. Treatment of the various stores will incorporate the individual characteristics of each of the tenants. * * · * THE SHOPPING FACILITY will be of contemporary styling and will be composed of two street have asked city councilors to change the street's name -- to anything to get away from its present name, "Coal Pit Lane." separate structures positioned in an L-shape pattern, providing a shopping mall area at the juncture of the units. Ample parking will be provided in the front with easy and convenient access to all stores in the development. As part of the over-all project, plans also call for the modernization of an existing market which is located adjacent to the site. somn i'acinc district, announced appointment of William E. Lockwood as manager of the company's Oakland can plant and Dan A. Gabrielson as Oil Firm Merger LOS ANGELES -- Stockholders of Oceanic Oil Co. have approved the sale of all its assets to Producing Properties, Inc., Dallas, Texas. J. Russell Sherman, president of Oceanic said the transaction was completed with the issuance of 750,000 shares of common stock by Producing Properties, Inc. The transaction between the two companies was based upon at Terminal Island since March of 1957. Gabrielson was manager of Continental's Denver plant since March of 1956. Is Approved an exchange ratio of approximately two and one-half shares of Oceanic for one share of Producing Properties. May Incorporate SAN BERNARDINO (DPI) -- San Bernardino County supervisors have on file a petition for the incorporation of Victorville. .H. L.. uvingston, cniei 01 tne wblic service division of the Los Angeles County Assessor's office will speak on "Information Available from Assessment Records" at a meeting of the Appraisal Division of the California Real Estate Assn. at the Billmorc Hotel, Los Angeles, Thursday at 6 p.m. Also on the program to participate in the forum on tax assessments wili be Laurence M. Fist, chief of the lands division of the Los Angeles County Assessor's office. To be honored at the meeting will be Jack P. Merrick ol Long Beach, 1958 chairman of the CREA appraisal division. Ban Eco Business reflect cont progress for despite the sion in mid liam A. Bu intendent of Although not be a\'i weeks, ban year throug Bank Debits Reveal Economic Progress activity indicators Burkett, State Super- final figures available for a debits for will few the No Other Community Offers Such Real Value As The New 1200-acre "Walled City" 62.2 billion representing an crease of S3.7 billion over ih«i me period of 1957. Bank bits in November were $14.1 llion. Total employment of 5,672,30 declined 121,000 in Novem- r from the previous month id represented an increase of ,000 over November 1957, instruction employment index jure in November of 141.6 creased 3/10ths of 1 per cent rer October and represented 7 percentage points increase ·er November 1957. ; * » + # R. G. KENYON, vice presi- nt of Southern California dison Co., retired Dec. 31. An wcutive officer of Edison for e past 16 years, Kenyon joined ic firm 41 years ago in 1917, Kenyon was named adver- sing manager for Edison'in 332. His active participation the advertising field earned m the life-long friendship of any newspapermen through-- ut the Southland. Kenyon and his wife, Cecil, iake their home in San iarino. They have three sonij, rant II., David V. and Clark Kenyon. * * * * -,...:-, INCREASES IN DIVIDENDS nd interest rates payable rto olicyholders and beneficiaries f the Connecticut Mutual Life nsurance Co. were announced ere by C. Carter Schneider^ eneral agent. During 1959 the company will ay 3.6 per cent interest on olicy proceeds under incorns ettlements and 3.5 per cent 'dii ividend accumulations. The company estimates 1 it rill pay a record $28,000,000 in olicy dividends during 1959,', 1.9 million more than would' ave been paid under the.pre- ious scale. * * * * CHARLES L. POE, of West- lester, former Sears Roebmjk 1 manager and buyer, has joined he Santa's Village corporation nd will be resident manager~of ie Santa's Village near;Chiago scheduled to open in May,. Poe was customer service m a n a g e r for the Olympic Blvd. Scare store. - · * * * * EARNINGS OF $5,104;021 vere paid 77,434 members*~of Coast Federal Savings and Loan Assn. over the six-month period ending Dec. 31, announced Joe Grail, president. "During 1958 539,000,000 in new savings capital was received. Over 590,000,000 in.iash and government bonds are "included in Coast Federal's total assets of over 5300,000,000-"as of Dec. 31. At the same time reserves and surplus have been ncreased nearly 53,000,000 to a total of 528,784,000. THIS AERIAL EHO.TO SHOWS SOME OF THE 1550 OF THE EVENTUAL 3800 HOMES IN EOSSMOOR 9kC\S\C, COKST WiMC.% \0\ 3 BEDROOMS...3 BEDROOMS AND FAMILY ROOM 4 BEDROOMS AND FAMILY ROOM...ALL WITH 2 BATHS! F H A T E R M S f r o m *18004- FHA...$650 per month minimum income open Sundays through friday 10 a.m.--? p.m. Saturdays 10 a,m.--7 p.m. VA,..$575 per month' minimum income WALKER LEE, Inc., Sales Agents, GEneva 1-1317' Plans and designs copyrighted by FREMATIC HOMES, INC., Builders Model Homes by DAVIS FURNITURE OF LONG BEACH Architect; EARL G. KALTENBACH, Jr., AIA M E D A L L I O N C I T Y No Friction Car Bearing Passes Test By DAVID J. WILKIE : DETROIT Wl -- Frictionless bearings that require no lubVi- cation apparently are coming iii 'or wider use in automobiles. Initially the bearings have jeen tested on automobile front ends. They have been used.for knuckle and ball joints, especially in steering mechanisms. The frictionless bearings are made of strong plastic and cotton strands impregnated with a phenolic plastic. The manufacturer says they can replaci" many conventional metal-tq- metal bearings. In a recent test the bearings .were used in approximately · 1200,000 m i l e s of simulates .ravel without lubrication. They showed no signs of appreciable vcar or oxidation. * * * * ANOTHER IXNOVATlMSf may be the relocation of exhaust mufflers. Ward's Automotive reports says one loading car maker is conducting experiment with the exhaust system at the front end. "Information is the V-8 installations would have mufflers standing upright under e a c h front fender," Ward's says., It adds that silencing resonators would be placed, one on top of the other, on the front grille floor. The short exhaust discharging pipe would be well forward beneath the radiator grille, pointing rearward. * * * * CLAIMED FOR THE new exhaust system, says Ward's, is a sharp reduction in back pressure, making for more power and possibly less fuel consumption. The agency notes that in some states rear-end exhaust, is required by law. It says' If the laws remained unchanged r e a r discharging pipes would have to be connected to the vertically mounted mufflers. It adds that the r e a r * discharging systems as pres'. cntly designed are expensive and inefficient nnd Intcrfer* with good car frame construo- tion practice.

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