Santa Cruz Sentinel from Santa Cruz, California • Page 5

Santa Cruz Sentinel-News 0 Sunday, August 1, 1948 AMI CoimspstiiniSes ILeaiaO. IPai'saoS (Off PiraiffSit audit Uses tura county sheriffs office. The holdup man first came to th bank yesterday afternoon and asked about cashing the bonds. He said he would return today, employes told police. When he appeared at the doof, the bank employes recognized him and lot him in.

He immediately pulled a gun on Withers and demanded the money. Rev. Galen Lee Rose will be here today for the installation of Rev. Ted Lyman as pastor of the Garfield Park Christian church. He is executive secretary of the Christian churches of northern California.

Rev. Rose's mother, Mrs. Morton Rose, and sister, Shirley Rose, reside here and have homes on Mission street. To HLof Savings Hanlt Moorpark, July 31 (U.R) An armed bandit robbed the American Commercial and Savings Bank of $14,250 30 minutes before it opened for business today. Entering on the pretext of cashing U.

S. Treasury bonds, the man forced Cashier A. N. Withers to open the vault and give him the money. Then he ordered Withers, Miss Ar-thelia Honerkamp and Betty Odon into the vault.

The three remained in the vault for about one minute before opening it and calling the Ven- cent, Missouri-Kansas-Texas up 116 per cent, Lehigh Valley up 243 per cent. Commonwealth Southern down 14 per cent. Consolidated Edison up 9 per cent, California, Oregon Power up 33 per cent (all 12 months). U. S.

Steel off 3 per cent, Bethlehem Steel up 7 per cent, Inland Steel up 47 per cent, Jones Laughlin off 1.8 per cent. Monsanto Chemical off 14 per cent, Du Pont uj. 0.2 per cent, Hey-den Chemical up 47 per cent, American Cyanamid up 22 per cent. Phillips Petroleum up -135 per cent, Skelly Oil up 141 per cent, Socony-Vacuum up 73 per cent, Stanrerd Oil of California up 90 per cent, Sinclair up 116 per cent. Continue To Search For DavenportMan Authorities are continuing their search for Ybarisco Gabini, 61, Filipino resident of Davenport who was reported to the county sheriff's office as having disappeared Monday night from his house.

Gabini returned to his home July 17 following release from the county hospital, where attendants say his illness may have affected his mind slightly. He lives in a small house at the back of the Filipino meeting house in Davenport. Pedro Lorento, who occupies the house, said he went with Gabini earlier in the day when Gabini went to a bank and attempted to draw out all his money. When informed there would be a small service charge, for closing the account, Gabini decided then to draw out only part of his funds, Lorento said. In the afternoon, said Lorento, Gabini asked him to buy him some arsenic, which he did not do.

That night, he said, he went into the house and Gabini was gone and the back door, which faces a large field, stood open. Search by officials disclosed only item of Gabini's belongings miss? ing was one suit. They were unable to locate his bankbook, or any cash. The Discriminating Choose 'S" i -fed ml ti fe YT i A lit i I -i Drive-In Dining Room Fountain PLENTY OF PARKING SPACE By Rader Winget I New York, July 31 (JP) High profits, with oil companies in the lead, are marking the trend for American industry in the first half of 1948, an analysis of earnings reports showed today. Terrific gains compared with 1947 are common.

"Highest in history" is a phrase repeated constantly. But at the same time, there was a clearly marked slowing down here and there in the rate that profits increased this year over last. Companies are not embarrassed with their explanations of these these mounting profits. For one thing, they point to the sharp decrease in the rate of profit gain in other companies and say: "This could happen to our company, too." And again: "Wages for workers have gone up, so why not increased wages to stockholders, too?" There is growing talk about "break-even points." Gross income must be very high before profits appear, companies explain, but when gross income drops the profits will disappear rapidly. Furthermore, cost of replacing "equipment has soared.

A study of profits of 200 companies making their reports this week showed: Oil companies have the highest percentage gains, in many cases more than double a year ago. Utilities, and food and distilling industries fared among the worst in profit gains. A few companies, notably airlines, made no profit at all. Railroads gained, but not in the spectacular manner of oil. Most of the increase fell in the range of 25-55 per cent.

Some very few boosted earnings three and four times higher than last year. Construction organizations, including makers of building materials and equipment, raced ahead of last year by 25 to 55 per cent, and some gains were even higher, including one company registering a rise of 505.4 per cent over thin profits a year ago. Two companies fell below a year ago by 49 and 65 per cent. A small group of early reports from food processors and distillers showed profits receding from 1947 in almost every instance. The following indicates how profits of some leading companies tared in the first six months of this vear compared with the same period of 1947: General Motors up 50 per cent, Studebaker up 126 per cent.

Pennsylvania Railroad down 83 per Illinois Central up 9 per cent, Baltimore Ohio up 75 per Ocean at Water Santa Cruzans Will Attend IPP Conference Henry' Wallace's program will be carried to the voters of the Eighth congressional district by a congressional candidate to be chosen at a district wide conference called by the Independent Progressive party Sunday, August 1, 1948, 1:30 p. m. at the Sunnyvale city hall. Members of the Independent Progressive party county committee, as well as representatives of veterans, labor and farmers and pensioners will participate. Among those making the journey to Sunnyvale for the conference from Santa Cruz are Rex Crabtree, business agent of the plasterers' union; Kasper Bauer, national organizer for the butcher's union; Michael Rantz and Dreis, delegates to the state convention, and others.

The name of the candidate selected at this conference will be submitted for final approval at the state central committee meeting (From the Preston Sawyer Collection) RETURN FROM VACATION William Walker of Garfield street has returned from Buck lake where he went with his daughter and son-in-law, Mr. and Mrs. L. D. Lathrop of Vallejo.

During the week theer they caught 14 rainbow and German brown trout ranging from one and one half to four pounds. The lake is 48 miles from Oroville, near the watershed of the Pacific Gas Electric company Feather river plant and 17 miles from Quincy. Good food served at its best in cheerful atmosphcrc-fl'S 1L1VAYS BOSLKY'S Bosley's will be open till 1 ajn. until further notice The north end was razed to make way for the offices of the Coast Counties Gas and Electric company. Barley Motors Different types of vehicles of the "gay nineties" horse-and-buggy days show in the picture a lack of concern in the matter of "parking." Note that some horses are headed taking place in Sacramento August 8.

This procedure is necessary to I comply with the California election code. The all for the Sunnyvale confer PACIFIC OCEAN HOUSE Amasa Pray and William H. Moore gave Santa Cruz its first big hotel, constructing the brick Pacific Ocean House on the west side of the upper end of Pacific avenue. The old San Lorenzo Exchange of 1852, on the same site, burned Julv 20, 18G5, and by April 2, 1866, the new hotel was ready to open. It was two stories high; the third floor of frame construction was added in 1892, five years after F.

A. Hihn had become its owner. Amasa Pray was a state of Maine man who had come up from Santa Barbara in 1864 and was, with his son-in-law. H. II.

Hobbs, running a store. Moore was a son Eli Moore, the North Carolinian who had arrived in Santa Cruz in 1847 and built a log house near the present courthouse site. Opened In 1886 south and some north. On the broad porch over the sidewalk a The year after Hihn made the building three stories high, John T. Sullivan, who had been running the Sea Beach hotel, took the lease.

He was Irish-born, had been a Union soldier and 15 years superintendent of the New York City post office. In the late nineties Enoch Bemus Pixley, whose wife was a sister of Jesse and William Cope, was running the hotel. Burned In 1907 The fire that ended the Pacific Ocean House' days as the city's leading hostelry came the morning of Sunday, November 3, 1907, when a defective flue over the kitchen overheated a tank of fuel oil. Hihn's loss was put at $40,000 and the top floor was torn down. Part of the building still stands, occupied on its ground floor by the Manhattan Tavern restaurant.

group of feminine guests, as well mm Mm. a as the gay blades on the side walk below, appear quite interested in the camera. ence was made for the purpose of getting as wide an expression as possible from the representative groups. A special feature will be an eye-witness report by a state officer on the national convention held in Philadelphia. The hotel bus is backed up in front of the main entrance partly concealing the entrance to "Ocean House Alley" at the south end of the building.

This was the short Police Cite est route to the "narrow gauge" ini -Tir -mi mi iir- mi mm nnm depot at Park street near the south end of the Mission Hill tunnel. iV-H. George T. Bromley, "a veteran club man." opened the hotel as a lessee. The grand ball had to be postponed until April 11 for final with your old radio, phonograph, or what have you, regardless of age, make or condition taken in trade9" See, He Just Won't Do It work on the dining room and office.

In a move to cut down traffic accidents in the city, police issued a large number of citations to motorists this week. Speeding tickets were given to Bromley, who later was U.S. consul yearly yew to Tientsin, China, was succeeded by J. H. Hoadley, who ran the hotel 10 years, when he was succeeded by Elias J.

Swift, after whom J. B. Peakes took the lease. Like its predecessor, the San Lor enzo Exchange, the Pacific Ocean House was terminus of the stage nonce Maroon color, four door sedan, furnished with radio, heater, etc. Late '46 model used by lady; has very low mileage; looks like new; perfect condition.

Terms can be arranged. Call OWNER 44-W-3 Mut be teen to be appreciated line from Santa Clara. Names of Ernest W. Losberger, of San Francisco: Robert L. Gun, of Route 1, Box 753; Allen J.

Gray, of San Jose; Warren J. Edwards, of 119 Averitt street; Howard A. Watts, of Route 1, Box 716; Clyde B. Webb of Route 2, Box 5383; Roberta N. Bver of Route 5, Box 281; and Harold E.

Baker, of 27 Arlington street. Mabel C. Thorp, of San Jose, was 1 cited for reckless driving, while Donald W. Owen, of Route 1, Box 80, received a ticket for driving without a valid operator's license. state and national importance ap peared on its registers, one of which is in the possession of Dr.

A. T. Leonard of San Francisco. In one of the street front rooms Pray Hobbs had their store. In the southeast corner vas started RADIO-PHONOGRAPH WITH ELECTRONIC REPRODUCER in 1870 the Santa Criz Bank of Savings Loan, first bank in the county.

I I A JA ii tlr A v- s- sr I i 1 lIp-i-SIff I LSKfflitY Mrs. Marie Cruci Dies Following Short Illness Mrs. Marie J. Citci, 33. 1401 old Watsonville highway, resident of Santa Cruz for the last seven years.

iied yesterday at a local hospital following a short illness. Mrs. Cruci, wh came here from San Francisco, was the wife of Mario F. Cruci of this city, and Says TOU" for the splendid reception you have given us during our two years here. We appreciate the confidence you have placed in us and likewise feel some little pride in having brought this needed service to you.

The Only Place In Santa Cruz To Do Your Complete Laundry 1815 Soquel Ave. Telephone 3695 daughter of Vrs. Marianna Dau- i i rM rA' 7 beuf, San Pancisco. She also leaves a sister Catherine Prat, San -w I Francisco. Sle was the daughter- in-law of Mr.

and Mrs. Louis Cruci of Santa Criv- Rev. B. F.Janes will officiate at i funeral sernces Tuesday morning 1 I at 10:30 frm Whites chapel. Interment wll be in Odd Fellows cemetery.

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