Oakland Tribune from Oakland, California on May 25, 1960 · 54
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Oakland Tribune from Oakland, California · 54

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Oakland, California
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Wednesday, May 25, 1960
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54
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: EUSiNIESS. ' fiance 54 E OsUind Tribune, Wednesday, Miy 25, 1960 TODAY'S MIRROR !f Private Aircraft Fleet Growing By SAM DAWSON NEW YORK, May 25 (3 Among the many other problems besetting the commercial airlines today you can now add the company plane as an up and coming competitor. -The Federal Aviation Agency calls business aircraft the "fastest growing fleet in the aviation industry." ; '.This year is expected to be the first'in which business- financial and in-. Western Dept. Stores Sales, Earnings Up Corn Advances In Steady, Grain Market By GIL MAYO CHICAGO, May 2S-W-The grain futures market mustered a steady to firm price range in the early afternoon today with corn leading the advance; Improved export business accounted for a good part of the rally but corn had been in good demand from the opening on reports that addi tional heavy rainfall overnight in carts of the Midwest had further delayed planting work on farms. Wheat 'A-, rent bushel lower it thi close. July II M1.; rorn higher. JulT II. II "4: oats unrhanied to 't higher. July 12-,m Rye ',-', Inwer. Julv II 24, soybeans higher, July J MVi-V. men and financial and in dustrial executives spend as many hours in the air in company owned;- planes as they do in commerical airlines. In 1950 company fleets logged 2,750,000 hours aloft, py last year this had increased to 6,000,000 hours. The commercial airlines are still far ahead in total hours and passengers carried. They Cater to many others beside businessmen and they have larger, faster planes and more frequent flights. TURBOPROP, JETS NEXT " But a definite trend toward turboprop and jet planes is expected soon in corporate fleets. The FAA estimates there are 24,000 aircraft of U.S. registry now and predicts there win be 40,000 or more by the end of this decade. The Utility Airplane Council of the Aerospace Industries Association of America believes that the steady gains made in the last 12 years by business aircraft will be accelerated this year. A favorable factor in the growth has been the safety record. The Flight Safety Foundation reports that latest fatality figures of business planes show a rate of 0.7 per Kw,000,000 passenger miles compared with 2.7 for passen ger autos. NEW PILOTS PROBLEM One problem looming is the training of new pilots for busi Bess craft. At first there was a large pool of military trained pilots, but this is now di minishing. An executive of the National Business Aircraft As sociation suggests that one so lution may be found in on-the job training programs. ; The business plane is also flying farther afield. The 1950's saw a big increase in business air travel to Canada, Mexico and other Latin Amor )ca-n lands, ine 1960s may s'ee increased trans-Atlantic flights as U.S. firms increase their operations in Europe and Africa. Corporations have been pay ing anywhere from $7,500 to more than $1,000,000 for their planes. If they turn more now to the turboprop and jet planes the higher prices will dom inate. Odd LotjTransactions : NEW YORK, May 25V- Thfe New York Stock Ex change reported today these odd lot transactions by princi pal dealers for May 24: pur chases of 336,354 shares, sales of ".327,913 shares including 2.134 shares sold short. First quarter sales of $9,- 668,069 were 5 per cent over 1959, and earnings of $223,894 were 77 per cent greater than the same period last year, Western Department Stores announced in an interim re port released today. 'Our first quarter earnings last year were affected by pre-opemng expenses ot our Fresno store, John J. Reilly Jr., president of the corporation, stated. 'After adjusting for that, this year's profits from operations are up 35 per cent." The report includes results from the Company's eight stores in Oakland, Portland, Tacoma, Sacramento, Fresno, and Concord. A ninth store, Rhodes - Southgate, is now under construction in Sacramento. . WHOLESALE PRODUCE WrnNEHDAT, MAT J By Vnlte.it- Prew International FRt'lTS, AND VEOETABI.r.ft APPLtS Lartonn ana boxen, tray packed, wrapped, Washington rlea De licious, extra lanry, 80s. wi 50, APRICOTS Yolo County seedlings, medium. 23n2Sr lb. STRAWBERRIES 12 pint trav Monterey-Santa Cruz Counties. $3.0fiif 3.25; Santa Clara County. $2.50i(i2.75 12 half-pint trsvs. BLACKBERRIES - Fresno County few 13 AO YOUNGBERRIES Tulare County. M.non 2.75. CHERRIES Santa Clara County Tartarian, H and few 14'a-row aire, 22fi23c lb San Joaquin County, 14- row aire, 20t22e. Alameda County, Hings, 13 and 13' j-row aire, !N)q 35r. C A NT A LOUPES - Tumbo crates Imperial Valley 3S. $f) 00, 45s, Jfl SO'a no. PEACHES Paper cup pack. 1 layer flats, Tulare Countv Springtime 4fls $3.50; 4s. $2 0041.2 25; Kern County Robins. Ma. $2 25. ONIONS 50 lbs., Oregon Red Globes, medium $2. SO; Arizona Grano and Granex. medium and large, $1.75 t2.0O; Blythe District Grano medium and large. Sl.85rt 1 90. POTATOES New stock. 100 lhs: Kern Countv Long Whiles U S 1A. M 25fl4 35: old stock Russets. Klamath District, U.S. 1, 6-14 nz. minimum from cold storage. $7.25(a7 50: Deschutes District, -U.S. 1, 6-14 ot. $7 25(a8.0u ASPARAGUS Delia Dlslnct gieen graded unbunched 9-inch cut, laige $4 00414.25 CARROTS All California districts, ire-pack, 4-dozen bunches, $3 25'(t 3 50. CAULIFLOWER Local crates Broccoli type, untiimmed. $1.751 S2. OO CORN Blythe District. Coachella Vallev and Arizona , Yellow, 5 do 3.50i $3.75. Lt T rut. t- Cartons. Jls, Monterey and Santa Crut Counties. $l.25il.50; Ventura Countv, JI .MSil.ln. SQUASH- Tulare and- Fresno Coun ty, lugs Italian- $2.MMj 2. 73. Summer, $2 .7.V.13.00; Yellnw Crookneck, $3 00 -TOMATOES 2-layer lugs. Coarhelli Vallev 5xBs and larger. $2.5013.00 Imperial Valley 6x8 and larger, fz.OO'fl! J.2V CABBAGE Slightly weaker, supplv moderate, demand slow; all California districts, round type trimmed, $2,000 craie. PEPPERS California Wonder type Bells, slightly weaker, supply moderate. ,demand fairly slow; Coachella ValleiTlarne. lSWlWTbi medium,1jj 13 Tulare County medium, 10c Rest, including fruits, generally unchanged. GRAIN RANGE CHICAGO. Mav 35 Open High Low WHEAT "CIS 1 V. 1 44 leg is?'. 1 :i'i 1 2'a 197 1', 1M', 1.S7W4 in 1.9H'.,- 1 21 V, I. 20', II. T. 1.17S .7JV,t .72J4 .75', .77", 1 24 124', J.2H.-'i 114 Ul's JOS'. 2 l.V, 2.16 '4 $77 10 15 10 15 1020 July 1.85-M' Sept. 1.8.7', Dec, 1 93 Mar. IM'4 CORN - July I 21V", 1 2l'i 1 2P4 Sept. 1 20' 4- Va 1 20't 1 20 nee. 1.I3S 1 14V4 1.13', Mar. 1 17',,-',4 1.171,. 1. 17 ', OATS Julv .72'.-', .TV, .72'j Sept, .721. .73 ,72J4 Dec. .75', -'4 .75-4 .75',, Mar. .77', ,77-H RYE Julv 1 24' 4 1 24'4 1 23' Sept. 1 25-24'. 1 25'. 1 24'-1( 1 2J, 1.27 1 26', SOYBEANS - Julv 2 13V. J 14', 2.13i Sept. 2 10', 2 11', i 10': m, MC-'i 2 10',. 2 09', Jan. 2 I.".1. 2 I.V. 2 1.1 Mar 2 16', 2 In1.. 2 16 LARD- iDmmS' Julv 7 9 77 9 67 Sept 1007 10.17 1007 Oct. 10 10 JO 20 10 10 Nov. 10 20 10.2O 10.20 CASH GRAIN CHICAGO. May 2.V-'Nn wheat, oais or soybean aales. Com No. 2 yellow I.S4: No. 3 vellow 1.20',-234; No. 4 yellow 1 23; sample grade yellow 1,18-120. Soybean oil R'Ab-'.a. Barley. Malting rholc 1.15-U$n; feed 92-1 05n. LOCAL GRAIN GRAIN In carlota. per ewt., hulk basil, f o b. tracks at San Francisco: No I western barley testing 45 pounds $2 10-2 IS No 2 western white bar ley testing 45 pound .. 2.15 2 20 Medium malting types Nominal Good and choice malting tynes Nominal No 1 hard white wheat 3 30 -3 35 No. I soft white wheat . 3 27',-3 32'j No. 2 yellow corn 'California) 2.B5 -2 87'. No. 2 yellow corn 'Central Western! .... 2 88 -2 91 No. 2 yellow mllo (California) 1 25 -2 30 No. -? -ellow mtlo (Central Western 2 17 -2 21 Sample grade red feedi oats Nominal MILLFEEDS; (Bulk, per ton, In car-lots 1 Standard millrun 45 00 Red wheat bran . 47 00 Soybean meal, solvent tvpa wiih 44 protein, bulk, Decatur basis 49 no ALFALFA (Baled, per ton, In car lotsi delivered Petaluma: U.S. No. 1 32.50-33.50 U.S. No. 2 leafy 31 00-32,50 U.S. No. 1 30 00-31. 30 POULTRY MARKET Federal-State Market New, H.rylce ifl i-4 t X " J" I I ELEVATED Alfrtd L Bonis ar, 6rfl7, hai bn pro-motd to OHiitaht rxjlonal uprintndnt of tb East Bay Municipal Utility Dli-trld's aqueduct ction. H will work out of EBMUD's Stockton office. H wag promoted after making the top score in a civil terrlce examination, out of a total of 40 applicant. CBA Names New President Delegates to the 69th annual convention, in the concluding session, of the California Bankers Association; meeting in Los Angeles, yesterday elected Joseph Rogers, of the First National Bank, San Jose, president of the group for the ensuing year. Other officers included R. V. Arnold, First National Bank, Ontario, vice president, and John D. Boden, Wells Fargo Bank-American Trust Co., San Francisco, treasurer FOREIGN EXCHANGE NEW YOT?K. May IS ( Foreign exchange rates (Great Britain and Australia in dollars, others in cents and decimals of a cent: Caiiada,in i tree I Great ritain ipoundi lbs. 90 Ranch Price BROILEHJ5 I V to 2'.. FRYERS 2U lbs. and over IS'.-Jt HENS light typ All weights 9 -li, Heavy type, all weight 22 Roasters tVt lba. and ovar 2S TURKEYS (Ready te conk. fresh or frozen) Fryers, roastera Y.H. heavy type, all wU. .. Y.T. heavy tvpes. 18-22 lbs. 22-26 lbs 20-28 lba. 47-51 47-50 46- 49 'i, 47- 51 k 47-52 '4 28 lbs. and over 49-52 (8 BANK REPORTS WEDNESDAY, MAY M Oakland Clearings $14,400,000 Last Year tl3.800.00n Berkeley Dehits .- $5 010.000 S F. Clearings $137,000,000 Los Angeles Debits $317,000,000 -BUY STOCKS TO GET RICH QUICK? 'i -. People who strike it rich with stocks or any other investment are few and far between. But rirtually every day thousands of men and women are building a worthwhile tteond ineomt by Investing in good-quality common etocks on a sensible, long-term basis. At the same time, they are sharing in the wealth and growth of American industry. Jo help you do the game, Francis I. duPont fe Co. has just released a special report on the "10 Common Mistakes in Inventing" as well as the "10 Common Sense Rules for Successful Investing." You can have this special 8-page report mailed to your home fret. Just end us the coupon today. itr-Francis I. duPont & Cor- ,. Member New York Stock Exchange, Purine Coaat Stork Exchangg and jjnncipaj aecunty and commodity exchange 416 Fifteenth St.. Ogkland 12. Calif. Telephone: TE mplebar 6-4211 PI Rase send me free your special 8 -page report, "10 Common Mistake in Investing" I Addree SQUABS DAIRY PRODUCTS Market quotations furnished bv Federal-State Market Newa Service, San Francisco CHEESE Grade A sinjla daisies 40',-43'i; loaf. 3''i-4!. Nulaid Farmers Association quotations to retail trade. EGGS- Large AA. 37-41r: medium AA, 32-36c; small AA 2S-28C. POTATO MARKET CHICAGO. May 35 11 lUSDAI Potatoes arrivals 77: on track 150; total U.S. shipments 778; old-supplie insufficient to quote: new supplv moderate: demand slow: market for long whites slightly weaker, for round reds weaker: California long whites 5.00-10: California round red 4 00-10; Arirona round reda 3.35-50. "-TrrC SPOT.METALS , NEW YORK. May JS ferrous metal prices todav: Copper 33 cents a pound, Connecticut Vallev. Lead 12 cents a pound, New York. Zinc 13 cents a pound. East St. Louis. Tin .9fNi rents a pound. New York. Foreign silver S1H cents per trnv ounce, New York. Quteksilver, 76-pound nask, $214, New York. - fiO-dav (utilres O-day futures Australia ipoundi ., Belbium ifranci ... France ilrano Germany (Western) 'deutache mark) . Holland Iguilden . . Italy (lirai Portugal cescudo) ... Sweden I krone i Switzerland tfranci i free I Denmark (krone! LATIN AMERICA Argentina (pesoi i free i ....... Brazil Icruiefro) (free) Mexico (pesoi Venezuela (bolivar) FAR EAST Hong Kong dollar . Prev. Opening Day Today Cinse 101.0156 101.32SL 2.8038 2 8040 2 8020 2 8020 2 800. 2 8006 2 7980 2.T997 2 24RO 2 24fi0 2.0060 2 0055 20 4025 20.4025 , 23M25 21.98 , 28 32.50 28 5225 .1819 .1619 3 51 3 51 . 19 34 1934 . till 2320 . 1449 1449 . 122 122 . - .56 .58 . 802 802 . 39.99 29.99 . 17.69 1765 Space Stocks Up in Lower, Heavy Market' By KD MORSE NEW YORK, May 25-rJrfV- The stock market closed lower today despite big gains by space age issues and selected stocks. Trading was heavy. Volume for the day was estimated at 3,400,000 shares compared with 3,240,000 yesterday. Gains oi 1 to half a dozen points were made by the favored issues while key stocks throughout the list showed gains or lisses running from fractions to about a point. Polaroid hopped about 6 points and Universal Match more than 7. Motorola and Tejcas Instruments advanced more than 3 apiace. Up about 2 points were Zenith, General Telephone, Litton Industries, Air Reduction, Haveg and Curtiss-Wright, the latter after the resignation of Roy T. Hurley as chairman and president. Aircrafts recovered gradually from an early slump. United Aircraft rose about a point and Republic Aviation around 2. SUGAR FUTURES NEW YORK. May 2S MV-Domes-tie sugar future No. 6 closed 1 to 7 lower. July 3.87 :. Sept. 96-97. World augar futures No. 4 closed unchanged to 1 higher Julv SOS; Sept. 3.14: Oct. 3 16, May 3 28tv Sept. 3.35b. Raw augar spot 6 05. b-bid. Hawaiian Stocks Furnished by Dean Witter Bid Ask AC. Bid Ask AmFact 23 24 Olaa 6 6 HawCSg 10 10,;PloneerM 24 25 HawPlne 17H 18 C.Brewer 28 30 S.C.Mills 6 7'VHawBlec 554 57-'i EwaPnt 14'i 14J'4! Walalua 7'. 7J, MrBrySg 6V4 6 Cstle Cke 34H, 351-4 Oahu 20 4 23 lHaw Airln 5''i Storage Egg Futures May 25 ifi Egg fu TV? CHICAGO tures: Sales High Sept. Oat Nov. Dec. Jan. 667 179 67 46 30 37.70 38.05 37.80 3700 371T 37 25 37.80 37 55 36 80 ose . 37.15-20 37 25-30 37.75-65 37 55 36.60 EVERYBODY'S BUSINESS Notes on Bay Commerce C. C. DeWitt Jr., executive vice president of East Bay Mortgage Service, Inc., an nounced the recent promotion of Vern Schafer and Jack Op- perman to vice presidents, and Al Kelley to assistant vice president of the company. East Bay Mortgage has its main office in Oakland with branch offices in San Jose and Sacramento: Leroy C. Kennedy, manager of the international department for the California Spray-Chemical Corp., Richmond, announced the appointment of Peter Tucci of Richmond as manager of the export division within the international department. Tucci has been with Cals-pray for over four years and was previously assistant to the manager, international department. The" position of manager of the export division is a new one and is the result of a reorganization within the international department for the purpose of better handling the increasing volume of Calspray's overseas sales in the 75 countries it now serves. Tucci's division will be engaged in the handling and development of these sales in areas not served by Calspray affiliated companies. The appointment of L. L. Bonds as assistant general freight agent for the Santa Fe Railway at San Francisco, effective June 1, was announced today by L. C. Hudson, freight traffic manager. Bonds succeeds R. T. Snook, who moves to Chicago as general freight agent. Other freight tf affic department staff changes include the appointment of R. T. Patterson to succeed Bonds as general agent at Portland, Ore.; H. G. Jones to succeed Patterson as assistant division freight agent at San Francisco; F. J. Rossi to succeed Jones as assistant industrial agent, San Francisco, and N. R. Piscitello, city freight agent, San Francisco, to succeed Rossi as traveling agent Fe freight and passenger at Sacramento. . Bonds' entered Santa service in August, 1941, as a stenographer in the division freight office at Oakland. George T. Lundqulst, secretary and sales manager of Bay City Iron Works, Inc., Oakland, recently attended the third annual meeting of Chain Belt's distributor advisory board held at the Milwaukee Country Club. Cash awards for beneficial suggestions in the operation of the regional business office of the Agricultural Research Service, 1960 Addison St., Berkeley,-were presented at a general staff meeting of re gional business manager Sid ney J. Adams. Awards for length of service to employees in the United States Department of Agriculture were also presented. Cash award recipients were Mrs. Barbara Lowen, Albany; Miss Isabelle Jean Howard, Berkeley, and Miss Hazel Stewart, Oakland. Miss Lillian Maruis of Berkeley was honored for 20 years service. The appointment of Edwin J. Kaphan, Redwood City, as division controller of Western Development Laboratories of Philco Corp., was announced in Palo Alto today. Appointment of Jack C. Hamilton as group underwriter has been announced by California Life Insurance Co. For the past 12 years, Hamilton has been the group underwriter for California Physicians Service, San Francisco. The Hamiltons reside with their four children in Oakland. DIVIDENDS DECLARED METAL THEEMIT, 30 cents, paf June 13. record June 3. METAL A THER rf . 87'i cents. Dif June 27, record June 17. MORNING STAR PAISI.ET. 15 rents, pay June 15. record May 31. NAT LEAD. 75 cents, pay June 24, record June 8 PADDINGTON CP A. 35 cent, oat Julv 6. record June 20. SOU CARO E G. 35 cents, pay July 1. record June 10. INVESTMENT FUNDS VEW YORK (Jfi National Association ot Securities Dealers. Inc. Bid Ask Bid Ask Bid Ask Aberdeen Fund 2.12 2 34 Affiliated Fund 7.18 7.77 Am Bus Sharea 4.06 4.33 Am Inv Fund 14.53 14 .53 Am Mutual Fd 8 56 S.36 Assoc Fd Trust 1.49 1.64 Atom Dev Mu 5 19 5.67 AxeHghlFdA 5.13 S.58 doB 8.26 8.98 do Stock Fund 3.79 4.14 Blue Ridge M 11.11 12.08 Boston Fund 1.7 18.02 Broad St Inv 12.26 13.25 Bullock Fund 12.30 13.48 Calil Fund 6.67 7.27 Canada Gen T 12.81 13.85 Canad'nFund 13.98 17.29 Century ShsTr 8.55 9.24 Chase Fd Bos 14.10 15 41 Chemical Fd 11.11 12.01: Colon'l Energy 11.78 21.85 Colonial Fund 10.10 11.04 Comwlth Incme 8.73 9.49 dolnvestmnt 9.38 10.20 do Stock Fd 13.36 18.73 Concord Fund 13.80 14.92 Cona Invst Tr 17.50 19.00 Crown W Inv-D 7.22 7.90 Delaware Fd 11.26 12.39 de Vegh Invst 15.53 15.69 de Vegh Mu F 54.80 55.45 iDivers Cro Stic 9 89 10.841 do Invest Fd 8 59 9.41 Dividend Shr 2.86 3.14 Dreyful Fund 14.43 15 68 EatoniH Bal 10.97 11.73 do Stock 11.74 12.55 Electronics Inv 7.47 8.16 Energy Fund 22 .12 22.1 Fidelity Cap 13.66 14.85 Fidelity Cap 15 13 16 36 F.I.F. 4.25 4.65! Founders Mu 10.54 11 46 Fundamental 1 9.05 9 92 Gen Capital 17 04 18 52 Group ScAv-E 9.13 10O0 do Bldg 6 14 6 74 doCaoGrth 6 57 7.21 do common 1190 13.03' do Fully Adm 8 99 9.85 do Indust Mch 6 64 7 28 do Mining S.65 6 .20, do Petrol 8 76 9.601 do RR Bond 2 11 2 33 do RR Eouip . 5 64 6 19 do RR Stock 9 01 9 87 do Steel 8.90, 9.75 do Tobacco 7.71 8.45 Grow Ind Shrs 19 81 20.401 Harr.il Fd HC 7 4 92 6.37 do HDA 4.82 Haydock Fund 24.92 24.92 Income Fd Boa 7.48 8.17 Incorp Income 9.11 9.96 do Investors 8.46 9.15 Instit Found T 10.35 11.32 do Growth Fd 10.94 11.96 do Income Fd 6 89 6.89 Int Resources F 4.94 5.40 Invest Co Am 9.94 10.88 Invest Tr Bos 11.10 12.131 Inv Research 12.21 13 27 Johnston Mu 12.64 12 64 Keystn Cs B 1 24.19 25.24 do B 2 21.30 23.23 doB 3 15.79 17.23 doB 4 9 51 10.38 do K 1 8 85 9.66 do K 2 14 70 16 04 do S 1 18.62 20.32 do S 2 11 13 12.38 do S 3 13.22 14.42 do S 4 13 02 14.21 Keystne F Can 13 04 14.11 Knickerbocker 5 94 6 51 Laxard Fund 13 12 15.87 Lexington Tr 10 90 11.91 Life Ins Invest 16.45 17 98 do Stock Fund 5.98 6 51 Loomis Say M 14 52 14.52 Manag Fd Elec 3 22 do Gen Indust 3.52 do Paper 3 31 do Petrol 191 Mass Invest Tr 12.87 13.91 Mass Invst Gro 14 52 13.70 Mass Life Fd 20,70 22.38 Missiles Jets Nat-Wide Sec Nat Investors N Sec Ser Bal do Div do pf Stock do Income do Stock do Growth One Wm St Philadelphia T Pine St Fund 12.39-13 54 19.33 20 91 14 .12 15 26 10 24 11.19 3 75 4 10 7.66 6 37 5 83 6.37 7.74 8 46 8.83 9.63 12 44 13.45 10.53 11.4,1 11 49 11.60 8.52 9.24 13 68 13.82 7.73 8 30- 14.30 15.54 Pioneer Fund Price. TR Gro Puritan Fund Putnam Geo T Putnam Grth r 13.11 14 23 Quart Dist 6.80 T.4.1 Scudder St&C 18.21 18.21 do common 9.21 9.21 Select Am Shrs1 8.97 9.70 SharehldrsTr 11.06 12 09 State St Invst 35 06 37 m Stein R&F Fd 33.68 35.64 do Stock 27.98 27 98 Telev Elect Fd ' 8.03 8.75 Texas Fund 9.50 10.38 Twenty C Grth 6.62 7.24 Unit Accum F 12.22 13.24) Unit Cont Fund 6 95 7.60. Unit Income F 10.59 11.31 Un.t Science F Unit F Canada Value Line Fd do Income Fd do Snl Sit Wash Mu Inv Wellington Eq Wellington Fd Whitehall Fd Winfied 14.21 1553 14.80 1609 6.26 6 84 5 20 5.6 3 34 3.63 9.09 9 9.1 13.38 14.54 13 83 15.011 12.31 1331 12 57 13.74 TREASURY POSITION WASHINGTON, cash position of May 25 The the Treasury May 20 compared with May 21, 1959: Balance, $7,360,802,576.79 - $6,554,105.-890.87; deposits fiscal year July 1. (79,124.638.912.44 - 167.862.936.328.99: withdrawals fiscal year: $81,925,401.-647.67 - $82,106,629,177.79: total debt $288,776,340,908.34 - $285,354,253,713.84: gold assets, $19.352, 632, 438. 33-20. 188.-422 530 58 ' includes $406,731,399.33 debt not subject to statutory limit. ... ,-. s.tr U - -- - How To Malta Mora Monty From Your Bay Aroa Ineomo Property We eafl help lower your costs nd raw, your incom by ecrdtrtm5 manage-mertt, maintenance and leasing of your San Francisco area property. 25 year? experience in commercial, industrial, apartmentmanagemerrt. ForfuMdetaiis call D.R.Hannaford, Certified Property Manager, MORGAN-PEACOCK MANAGEMENT CORP., 508-16th Street. Oakland 12. California, TE 2-2016. I 1 I TRUST PEEP 1 Ifgoihn tin 10.. SEND FOR MB WAY OtKUM 314 lit St a Tf inti SIN FUNCISC (MtrUHm Cilif. Rtpaul Jttm) 41 Part St II i-UM StN FUMI5C0 13M Mvttt HI 1 1H1 HOMt OFFICES, IM St. tsnst St. Us tl$ aU IK4I TH km $1,101 tr irt ttrtltf less tM 11 wit bliy? RiDt sw's tkt tiM ti ttjiy tatrtt' 11 Eariitfs tkrMtk tkt irifiial, tt lily Tnst Bits) I Mirtpp hckint. St.eSl.Mfl.il wtrtk if tmiKtins km km kiiflri with tvtr 1,101 sitisfitl ctstiMrs . . . vitk wm i cisttMf ion! It pays ti it kitiitsswitk tki lufo tkt rt tptrintil itstititiM if Its kill! Sot1 for frii krttkirt. Ciai it, write, tr tilts. km. S1.MI aitisMa ImmM tt Wat fill Cat. rttittit$ tNr ItttctJ iai SANTA I AMU SAD IBIS MISPt SAD DIM s IAN NUTS IEVEM.T NltiS 1INI IEACI HI. RQUTWtOt PASADENA SANTA ANA ""TRUST DEED & M0RT6ASE EXCHAN6I ' PUm U4 Fra (fsKlmea tai OT-2I Nas. Aatfrest. WsV. :''J " W " 8w4 't-F f - 4- f 9. v : i ' -V , t . . . S. ,--- - 4-,- ' .,- ; vyt . ,--s. -I '' The? spoctsjnflsjr Vasjssf Center Bwldlni syov bohres tbe irowta of West Coast business snt) industry. Its soarmj 2 stories contiMt mane novel features: I lar auditorium equipped tor motion pictures and closed-circuit television. 700-sett cafeteria, Oiredl Inward Dialing tni pusfe button mail distribution system. turn TO VISIT THE NEW MITCHUM, JONES & TEMPLETON GROUND FLOOR, KAISER CENTER BUILDING, 300 LAKESIDE DRIVE -OA KLAN D Thursday, May 26th from 10 a.m. to 3 p.m. OFFICES YouU find lots of interesting things to see at oiir new quarters. In comfortable, pleasantly appointed surroundings, youH find all the modern equipment and facilities needed for fast efficient investing service. You'll see the first color Tele-register board in the East Bay -a big advance employing a selected range of colors lo achieve easier, pleasanter reading. YouU enjoy the benefits of a larger staff to serve you. Our expanded Oakland staff assures you of complete investment service -and sincere personal interest in helr ing to solve every investment problem, large or small. Time-saving convenience is yours every time you visit our ground floor offices overlooking beautiful Lake Merritt. You may drive right to our front door, and convenient parking is available in the adjacent 1200-car Kaiser Center Garage. Drop in during our Open House, May 26 -or anytime. A warm welcome awaits you. HERBERT M. HANSOM, J we ; t pip" 'SS & i5? -I ' i" V. i. .jiti&aUffi j I 1 i ii isi ii ii iMj?wi,.i. i ,,,,,1! i, i i i J I ss mi III 1 1 -- i MITCHUM , JONES & TEMPLETON I Mtmbe: NEW YORK STOCK EXCHANGE 'ACinC COAST STOCK EXCHAM6C AMERICAN STOCK EXCHANSE (Ata4t) : ICArStR ttrmREUtLDfW OAKLAND Phonat Te-ir.w a tSTA tuSMtt J""' I ..HUM BUILDING- SAN FRANCISCO rhonti DQuglat 2-2220 Omen AIM Rfi Saa Im Aeyaaat, $cr4L Lag BcM, $m Jwm. rVa SkA a'ftara. Sertom. Lot. Rnwmd Stud C

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