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The Peninsula Times Tribune from Palo Alto, California • 10

Location:
Palo Alto, California
Issue Date:
Page:
10
Extracted Article Text (OCR)

DAILY PALO ALTO TIMES RIDAY JANUARY 12 1951 PAGE 10 'W STOCK MARKETS a COMING EVENTS pfd DEATHS Yester new ar is spon More Popular Lain ranex Miss Helen rank Gould 1 $0 Than Stanford Electric Works Service PHONE DA 3 4139 1 PROMPT SERVICE Station No 32 Official AAA at Open Thursday Evenings 7 to 9 663 Alma St Corner orest BOND AV 95 Drop in and see our electrical fixture display of on 304 HIGH ST PALO ALTO au in 2OG5 BROADWAY EMERSON 6 9133 REDWOOD CITY Close 98 Truman "will consult about sending troops 33 20 44 SO 48 43 54 125 60 score retail Official Lamp Station No 1394 Official Brake Service No 1822 OTHER 100 WOOL SHIRTS an the the re DCRRNCY I UTm 624 EMERSON DAVENPORT 3 5080 Atlas Diesel Balt Ohio Bishop Oil Blair Holdings Bdwy St Calamba Sugar Cal Pac Trad Cen Eureka Commonwealth Ed Di Giorgio do pfd Dominguez Oil Dow Chem Rites KI Dorado Oil Gen Klectrlc Gen Motors Golden State Greyhound Honolulu Oil Idaho Power Indep Expl Inti Nickel I nt Tel Tel Kaiser razer Inc Magnavox Marine Barm Matson Nav Morrison Knud NY Cen RR Amer Inv North Pacific Occident Pete Pac Coast Aggre Pac do 6 pct pfd do 5 pct pfd Pac Petroleums Pac Ser pfd Pac Tel Tel Pabco Prod Com Para Pic Puget Sound Republic Steel Rheem Mfg San Mauricio Sinclair Oil Socony Vs cm Soundw Pulp 432 pct pfd Southern Co Sperry Com Studebaker Texas Co Transamerica TT Steel Victor Equip Wells argo 150 158 55 LAST YEAR You took them to your hearts! 43 29 46 42 63 120 58 or all types of electrical work whether it be installation or repair BROKEN WINDOWS REPLACED Lt Glenn Bothwell missing in action Second Lt Glenn Bothwell husband of Mrs Grace A Both well 223 Laurel Ave has been reported missing in action by the United States Army Also on the casualty list Pfc Charles Insco son of Mrs Elsie Mae Insco of Red wood City has been listed as wounded in action 42 43 43 44 37 Palo Altan to speak at tree conference Leslie Maynes Palo Alto borist will address a meeting Saturday of the northern sec tion western chapter National Shade Tree Conference The all day meeting will be held in the recreation building Washintgon Park Burlingame opening at 10 am Maynes will discuss tic at the luncheon session George Hood Jr of Palo Alto is secretary of the western chapter By JACK BELL WASHINGTON Jan 12 President assertion he will consult congress in sending US troops to Europe but be bound by was labeled by Senator Taft (R Ohio) today as chitecture by promising stu or several years Montalvo has presented concerts plays and exhibits for the enjoyment of the public and also has pro vided housing for promising workers in various branches of the arts Mrs Arlene Loofbourow is in charge of Montalvo at present Supporting organizations are the Montalvo Society of which Mrs Percy Hincks is president and the riends of Montalvo headed by Colin Campbell of Palo Alto and Saratoga Mac's PIO says boss can still talk TOKYO Jan 12 General public information officer said today that he origi nated with ap the new system of an nouncing Korean war news Col Echols said is not an ounce of to pub lished reports that Washington ha stripped MacArthur authority to speak freely progress of the war Under the new policy Eighth Army will issue all leases on Korean ground opera tions headquarters will confine itself to general nouncements relating to whole command ridable insurance Week Ago 1207 631 469 900 Weak Ago 988 1017 1036 710 LeVern Cutler new director of business library LeVern Cutler is the director of the Stanford Grad uate School of Business library President Wallace Sterling an nounced today that Cutler who for the past three years has been director of the library service at the Stanford Research Institute has been named successor to Ed win Coman Jr Coman re signed recently to become librar ian of the College of Arts Let ters and Science at the Univer sity of new campus at Riverside Cutler whose war time serv ice included organization and operation of the research library for the Office of the Chief Counsel at the war guilt trials in Nuremberg Germany was graduated from Stanford in 1937 with an AB degree in educa tion He received a Bachelor of Library Science degree from the University of California Gradu ate Library School in 1947 rom 1939 42 he was in charge of the Branner Geological Library at Stanford war time experience was divided between the Medical Corps where he organized edu cational and vocational libraries as part of the educational re conditioning program and the Office of Strategic Services for which organization he was sta tioned at Nuremberg His wife the former Kathryn Cripe is a Stanford graduate in the Class of Their home is I at 270 Leland Ave Palo Alto THIS YEAR You bought them in record shattering numbers! AND OR A GOOD REASON! long wearing closely knitted beautifully tailored! end of the bipartisan forr eign At the same time Senator Wherry (R Neb) challenged indirect claim that the American people will back sub stantial use of US troops to bolster western de fenses against attack 1 The president told his news conference yesterday he has authority to send more foot soldiers to Europe and intends to use it But he will consult with congressional foreign re lations and armed services leaders as a matter of polite ness before he does it he added He said that as commander in chief he bound by any decision congress makes unless it restricts the number of troops by limiting appropriations And ifthe lawmakers want to go to the country with that kind of a restriction he declared he is willing He licked once before the president said in an obvious ref erence to his attacks on the Re publican 80th Congress in the 1948 presidential campaign Taft told a reporter he thinks the only practical limitation on the authority may be in such appropriations restric tions But Taft said the insistence on his right to send troops to Europe without prior congressional approval of the policy and what Taft called Mr by passing of elected Republican leaders in his con sultations an end to the bipartisan foreign Mr Truman also told his news conference that Gen Douglas MacArthur contrary to some published reports has not recommended that United Nations forces be withdrawn from Korea And he denied a Tokyo report that the UN commander had been by Washington to pre vent his speaking publicly about Korea The president said he always has and will continue to consult with members of the foreign re lations and armed services com mittees A reporter pointed out that Taft who heads his pol icy committee GOP loor Lead er Wherry and Senator Millikin of Colorado chairman of the conference of all GOP senators are not members of those com mittees Mr Truman replied that Taft controls the senate Republicans and could be on the committees if he chose 26 13 151 34 Draft board resigns over woman secretary JASPER Wyo Jan 12 Walker three man draft board quit over a woman secretary Board Member Jim Burton Jr said the resignations yester day were submitted after state selective service hired a woman clerk when they wanted a man The board contended large part of this job is handling and that a man could handle men better than a woman DAIRY Homogenized MILK AND ALL DAIRY PRODUCTS or delivery service from Ml View Sunnyvale and Redwood City call ENterprise 1 0236 524 Bryant Street DAvenport 3 5183 Battle on loyalty oath topic of radio program World treatment of the California loyalty oath controversy will be discussed on the weekly program Big Sunday at 10:30 am on station KEEN The weekly program sored by the Stanford Institute of International Relations stu dent organization and is con ducted by George Velliotes grad uate student in political science Chairman George (D Ga) or the finance committee already has said he expects another in crease along the in the fields of individual and cor poration taxes The idea of a retail sales or transactions tax is bound to en counter powerful opposition Opponents contend such levies fall hardest on the low income groups who are least able to pay Eberharter said he is funda mentally opposed to a retail sales tax He said some additional money can he raised by plug ging tax law loopholes putting more luxury and semi luxury items on the excise tax list upping estate levies by ad justments of the excess profits tax increasing normal cor poration and individual levies and possibly by lowering ex emptions on individuals If congress lowered the per sonal tax exemption from $600 to $500 this would add many mil lions of persons to the Income tax rolls and would produce close to $2 billion a year in new revenue 26 29 Today 6:30 pan Supper and annual meeting of All Parish in the parish house 7:30 to 9 pm Junior high folk dance Community Center 7:30 to 11 pm Senior Recre ation Club Men and women 50 years of age and over welcomed South Palo Alto Library 7:30 to 10:30 Cards' and table games at Community Cen ter Open to public 8:15 International tai ns 52 73 13 '11 101 84 51 48 49 153 24 334 Nevada range to be used for atorhic tests By ELTON AY WASHINGTON Jan 12 The atomic weap oneers apparently are getting ready to the out in a Nevada desert That is what the physicists of the Atomic Energy Commission call their trick of producing low order nuclear fission bursts without provoking the atomic beast into a full scale death dealing A bomb blast They have been doing that laboratory trick since before the first A bomb was explod ed But a new announcement from the AEC suggests that 'now they are able to produce bigger sub explosion bursts and will begin that work on part of a 5000 quare mile air force bombing and gunnery range near Las Vegas Nev The AEC said late yesterday It had been authorized by Presi dent Truman to use the Nevada range located within convenient access to the Los Alamos NM laboratory for periodic test work The tests AEC said in clude experimental nuclear det onation for the development of atomic bombs so called carried out under con trolled Such big scale out of doors laboratory experiments could be directly associated with work toward developing atomic weap ons for use by the army already officially announced Gen Lawton Collins army chief of staff has indicated It was by no means impossible to develop an artillery shell or a guided missile with an atomic warhead It is to be assumed that In the process of reducing the atomic bomb to a size for fitting in shells or warheads the commis sion is exploring many phases of nuclear fission ACME GLASS CO 635 Emerson St DAvenport 3 4127 State Market OB Price 27 39 30 31 26 BORG At rest in Palo Alto Calif Tuesdav Jan 9 1351 David Borg husband of the late Julia Borg: stepfather of Mrs Richard Keeble and brother of Mrs Jennie Lawrence and Joseph Borg: a native of Illinois riends are invited to attend the funeral Monday afternoon at 1:45 at Golden Gate National Cemetery San Bruno riends may call at Lytton Ave op posite City Hall Park KNUDSON In Redwood City Calif riday Jan 12 1951 Theodore Knudson son of Kdward Knud son of Grand orks ND brother of Mrs Llovd Sorensen of San rancisco and Clarence Knudson of Grand orks ND a member of Building Material Construction Teamsters Union Local No 216 of San rancisco: a native of Manuel ND aged 36 years uneral ar rangements will be announced later Roller Hapgood Lorentzen Serv ice Tn Redwood City Calif Thursday Jan 11 1951 James A Milam beloved husband of Elma I Milam: beloved father of Mrs Ozella Leslie John A and James Milam: brother of Mrs Ada Loucks Mrs Ocie Vreblik David and Bell Milam: grandfather of John James and William Leslie and Leroy and Richard Milam a native of Harrison Ark aged 71 years A member of Valley Camp No 7065 IV of A and Valley Camp No 586 WOW uneral services will be held Saturday morning at 10:30 at the Layng and Tinney uneral Home 717 Jefferson Ave Interment Alta Mesa Memorial Park rrr AUn JJXJUU ill mv X4W 'V day Jan 10 IOoj TU 11 A a Aim thrite ot Minneapolis Minn Miss Amv Wells of Tuckahoe Mrs Mary Wells of Stamford Conn: a native of Marshalltown la aged 59 years Private funeral services for the family only will be held Saturday afternoon at the Chapel of Roller and Hapgood riends who care to may contribute to the Stanford Convalescent home in memory of Miss Wells By RADER WINGET NEW YORK Jan 12 Prices moved within a narrowly restricted area today in the stock market Trad ing however was brisk Changes either up or down came to about a dollar and some leaders moved from plus to minus and back The volume came to an estimated 3 million shares as compared with 3 490000 shares traded yesterday Nickel Plate broke out of the groove and soared amazingly more than 2a points at times well beyond the 6 00 mark The Interstate Commerce Commis sion approved issuance of 33770 shares of common at JI 50 a share to be of fered at the rate of one share for each ten held There was little direct or Immedi ate reaction to President Truman's message in the market itself Within the first hour after the message was delivered trading contracted slightly and prices were off a shade The market started higher at the opening after yesterday's swift ad vance that carried prices to a new high for 1950 51 and the best since October 1'JoU NEW YORK STOCKS (Compiled at Close by the Associated rees American Can Am Rad Std San Am Tel Tel Atch Bendix Aviation Bethlehem Steel Borden California Packing Caterpillar Chrysler Corp Columbia Curtiss Wright Douglas Aircraft DuPont General Electric General Motors Great Northern RP Int Tel Tel Kenn ecott Montgomery Ward Central Pac Gas Packard 'Motor Radio Corn Republic Steel Sears Roebuck Southern Pacific Snerry Corn Standard Oil of Cal Studebaker Transamerlca TT Rubber Steel Woolworth SAN RANCISCO STOCKS Admiral Corn Amer Radiator Amer Tel Tel Anglo Cal Ek 44 52 33 12 17 52 45 44 158 9 22 12 260 10 310 175 28 24 90 362864 10 51 58 15 12 58 39 10 39 5 7 16 14 46 20 42 27 24 25 33 37 4 23 34 2S 22103 17 21 26 44 29 06 35 26 41 26 11 34 32 86 17 45 5276 New Price to Retailers 4t 42 42 43 36 Peterson out for SC manager post rederick Peterson Burlin game former San Mateo County executive is the 26th candidate to file his application for ap pointment as Santa Clara Coun ty manager application was re ceived yesterday by the board supervisors It will be read at the meeting Monday The Burlingame politician served four years on the city council and two terms in the state assembly He held the post of chief San Mateo County executive for 12 years and for years was a member of the State Commission of the Golden Gate International Exposition He' was defeated as a candi date for San Mateo County su pervisor last June after the county dropped the elective county manager system IRESIDE INANCE CO PAY XMAS BILLS El Camino at 22nd Ave SAN 5 1086 Open Thursday 8:00 pm SUNNYVALE HOMES caught by yesterday's tornado came out looking like fk'S one on Washington St Hundreds of residences in the city were damaged or demolished City officials today estimated damage' at more than $15 million to the community's homes industrial plants and other property Doreme Shirts 795 Always 100 virgin wool in gorgeous solid colors and Jy shadow plaids 8HEn8CHEPP3 ent show by Bay Area students Cubberley auditorium Stanford Admission 50 cents 8:30 to 12 pm Dance for teen agers at St rancis Hall Euclid Ave near Ravenswood School Dressy sport No charge 9 pm Social dance at Ameri can Legion hall 2398 University Ave East Palo Alto Refresh ments Orchestra Saturday 10:30 am Movie for children at Junior Museum Community Center of the Re peat showing at 11:30 2:30 pm Movies for children at Theater Commu nity Center and Sev en cartoons and quiz show Admission: children 30 cents adults 50 cents or res ervations phone DA 3 1306 Sunday 4 pm Concert by chamber music ensembles Cubberley ditorium Stanford Public vited We Are Licensed to Give You Official Veteran returns his checks 'It's time we started giving' STimK Vn Jan 12 LT) A disabled veteran who was ditch digger before the war and whom the government assisted in learning to be a butcher says he want any more dis ability checks from the government He has even returned two checks totaling $12640 I feel like the government has done enough for me especially with so many fellows coming back from Korea all shot he says explaining that for three years he got $12 to $15 a month disability payments and more than $100 a month fir on the job training The veteran declined use of his name He told a reporter he was afraid people would think he was He walked into the office of the division of war veterans claims a state agency here yesterday and asked that the two checks be returned to the government He submitted a letter requesting that all payments to him be stopped as of Jan saying he could now support himself and family are enough of us sucking the country dry and its time we stopped sucking and started he told the reporter who looked him up 901 EUCAMINO iEDwbbD ci: Phone National tax on retail sales meets opposition in advance By RANCIS LE MAY partnerships That does not WASHINGTON Jan 12 (ZP) mean of course that congress Ren Eberharter (D Pa) said to will vote such taxes day congress never will approve a national retail sales tax cept as a very last to stop ruinous inflation or danger erous piling up of the debt The Pennsylvanian a member of the tax framing house ways and means committee made this observation as congress awaited President ru a recommendation for what may i be the biggest tax bill in history Guessing around Capitol Hill is that the president will ask for $10 billion to $15 billion in new taxes Lawmakers looked for some word in Mr economic' message due today but his detailed tax recom mendations are not expected until later this month Nobody pretended to know where the extra money would come from Under instructions of the senate finance committee however the staff of tax experts employed by congress is looking into the wisdom of a national retail sales tax a transactions tax or a general excise tax as well as an excess profits tax on Individuals and VirTILK THE TORNADO stoo io aaze at part of the destruction left in the wake of the 78 mph twister which struck Sunnyvale yesterday Westinghouse Electric Company employes were sent home after a wall of the plant fell on parked cars The tornado did about $100000 damage at Westing house and took the roof off part of the Wooldridge Manufacturing Company ederal weathermen today described the big wind as a ''true tornado' A CHICAGO Jan 12 Wheat closed: March 245 May 245 July 239 September 240 MARKETS AT A GLANCE NEW YORK Jan 12 Stocks mixed: selling cuts rains Bonds high er: rails respond to demand Cotton lower nervous liquidation CHICAGO Jan 12 Wheat easy rains forcast for winter wheat belt Corn mixed small price changes Oats mixed: nervous market Hogs ac tive and 25 to 50 cents higher top $2175 Cattle steady to weak on scant supply poultryTbutter THURSDAY JAN 11 1951 The ederal Services quotes Broiler Under 2 lbs ryers 2 to 4 lbs 4 lbs and over 29 Roasters 4 lbs and over 30 owl) Leghorn Hens Under 4 lbs 25 4 lbs and over 26 owl Coloreo Hen 4 lbs and over 32 Old Roosters All weights 13 Duck All weights Turkeys Younp Tom All weights Turkeys Young Hen All weights Squabs Large Domestic Rabbit TTnrlAC 5 lbs Butter San rancisco) 92 74c 90 score 72c Wholesale nrlce TO trade: US extras large 59 60c med ium 67 5Sc: small 55 56c Grade A (In cases) Large 57 57c medium 55 55c small 53 53c HONG KONG SEES CRISIS HONG KONG Jan 12 (A3) This crown colony in the deepen ing oriental crisis today made all British subjects in Hong! men and liable I for immediate military service I DAvenport 3 4164 24 Hoyr Tawing and Road Service Creswood Pontiac DAvenport 3 4164 Ar Montalvo program to go on despite dispute over property The Montalvo Society will car ry out a full program of activi ties during the spring and sum mer at Villa Montalvo the Sara toga estate which the late Sena tor James Phelan willed to the San rancisco Art Associa tion as a cultural center lor the area This decision was reached by the society at a meeting Wed nesday night despite an appel late court which makes it possible for the Phelan heirs to continue their to regain the property Earlier Superior Judge Lyle Jacks of San ran cisco had ruled that the heirs had no claim on the property They carried the case to the ap peals court however and se cured a ruling that if they pre sented their complaint again' it must be reconsidered by the trial court The heirs contend that the es tate is not being used in accord ance with the Phelan will which provided that it be used far as possible for the development of art literature music and ar 5 DRIVE IT YOUBSEt lOW DAILY WHKLV I LATE MODEL CARS AutosRenjaijrBce REAL rY 4691 4 JjSZ I I I ul i siSx2 vv? Awz 'j z' i kv a or rna viijinMnrjVLLnft LijVL MSgaEiAmg: a 4 Ji JiS 44 5 STOCK AVERAGES Yester Today day 30 Industrials 1219 1222 15 Railroads 654 643 15 Utilities 473 471 60 Stocks 915 911 Today day 20 Rails 991 990 10 Industrials 1016 1017 10 Utilities 1035 1036 10 oreign 716 714 WHEAT UTURES.

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Pages Available:
873,948
Years Available:
1893-1990