Document 6423591

koch Spikes
Sale Rumor Of
7umiture Store
Fairless Explains Proposal Of U.S. State Agency
First 'E' Bond
HasSoldByU.S.
Five Years Ago
M.V.B. 1M8.
ITOBRAN6& HEftALO
Benjamin F. Fairless, prcsl coils, which under our proposal
dent of tRc United States Steel' are to be used in the manuCorporation, In response to facture of c,old reduced sheets
At the request of
_ Jack Koch announced today
specific requests made from and tin plate at a modern cold Earl Warren, the State Reconthat there Is no truth to the
The most, popular security in
time to time" by representatives reduction mill to be erected by struction and Reemploymcnt
rumor which has been circulated all financial history is five years,
of the Government, had submitCommission has undertaken, the
In Torrance for weeks that the old this week. The series E
ted a bid to the War Assets Ad- our subsidiary, Columbia. Steel leadership of a statewide foodStar Furniture Company had Savings Bond of the U.S. Treas.mlnlstratlon to purchase the Comjjanyr -at Pittsburg, Califor- paving program as California's
"wen sold. He said, "I, have at .ury first went on sale May.l,
^Government-owned, s^eel plant at nia,' at an estimated cost of part In the National effort to
he present time nd plans for 1941, along with Its sisters, SerGeneva, Utah, and inventories $25,000,000. Work on this new relieve starvation conditions in
"ic sale of the Star Furniture ies F and G.
for. $47,500,000 in cash- In the cold reduction mill is now un- other parts of the world.
bila
than
rnore
years
-ompany. .As a matter of fact
In five
event of the acceptance of such.
Governor Warren made a per'. Intend to modernise my store, lion Individual E Bonds have
bid U. S. Steel would further der way.
sonal appeal to thb members of
nlargc my stock and service in been: Issued, to Americans who
"The. total estimated cost to the commission « ita monthly
obligate itself to spend not less
:pcping with the rapid develop- paid more than $42 billion for
than $18,600,000 additional of its U. S. Steel for so acquiring and meeting in Sacramento April 29,
ncnt of Torrance as a major them, it was announced by Fred
own funds for the Installation converting the Geneva plant, In which he said the need is so
hopping center."
H. Johnson, Southern California
at Geneva of additional faciliof great that he proposed- the state
Savings
VS.
dlreqtpr ot the
ties deemed necessary by U. S. and enabling its production
government do something to
GUARANTEED SERVICE
Bonds Division.
Steel for the peacetime opera- hot rolled colls to be utilized at prevent waste of food through
were
Bonds
E
'$876,241
Only
plant.
sheet and tin an organized campaign.
Geneva
the
ead the want ads . . . they tell
reduced
of
cold
tion
such
of
a total
you who can fix your radio) sold In May, 1941, for
"If all could know 'the condiFairless stated that under plate mill is $91,100,000, all of
the renake your dress, .mow your $126,840,000, issue price,Increased
the proposal of U.S. Steel these which money will be .provided tions of starvation In other
awn, haul your goods, build cords revealed. SalesPearl HarSteel.
Geneva
U.S.
at
by
they would be apfacilities
countries
additional
our house or perform any gradually until the.which the B
would include equipment for
"The U.S. Steel has reserved palled," said Governor Warren.
bor attack, after
pther service you need.
of 386,000 the right to withdraw its bid if "The appeal has come to us to
production
annual
'the
best
all-time
the
Bond became
tons of hot rolled coils, which not accepted by June 15, 1946. do something which will help
seller among securities.
coils would be utilized. In the U.S. Steel proposes that the save the lives of millions of
The billionth E Bond was
production of cold reduced Geneva plant shall be acquired, starving people. One of the first
the
and
1946,
issued in January,
sheets apd tin plate at a mo- and operated by its West. Coast things which will be of 1m:
value of E Bonds held by the
dern cold reduction mill to be subsidiary, Columbia Steel Com- mediate benefit, Is to prevent
American people reached a peak
erected by Columbia Steel Com- pany. Before the war, Columbia the waste of food. This,. as well
reafter
of nearly $31 billion,
pany, a subsidiary, at Pitts- Steel Company conducted the as other means of food condemptions.
California, at an estimated only Integrated, steel operation servation and production, re^
"Wise Investors are buying E CHAMBRAT Sandra Nel- burg,
cost of $25,000,000. The total west of the Roqky Mountains, quires organized effort*
as
Bonds regularly in peacetime
creation In estimated cost to U, S. Steel for with
new
models
son
"The State Reconstruction and
a blast furnace, by-product
they did during the war, know- swim suits, In Miami, Fla. It BO acquiring and converting the coke, ovens, and iron ore. coal Reemployment Commission is an.
Ing that there Is no security in Is called '"Hop Scotch," and Geneva plant and enabling its and lime s t one properties In agency of the state, government
the world at once so'safe and
made of chambfay, Note production of hot rolled coils to Utah, and with steel-making and which can organize and carry
so profitable," Johnson said, Is
the bra In be used In such cold reduction finishing facilities near Los An- out such a program."
"The E Bond still costs 75 cents halter that holds
The Reconstruction and Reemmill would, amount to $91,100,000, geles and San Franciscp, Caliplace.
on the dollar of maturity value
Ealrless added, the . government fornia. Columbia Steel and its ployment Commission voted to
and in ten years pays back four
asked to bear any predecessor have sold U. S. Steel establish a Project Committee
being
not
Indollars
dollars for each three
part of this expense.
products on the entire West on Food Saving to carry out
vested."
Governor Warren's plan, the
In explaining the bid of U.S. Coast for over 40 years.
Millions of thrifty Americans
con"Over a long period of time, committee to be appointed by
'The
said:
Fairless
Steel,
week
will rightfully share this
had an extensive the Director of Reconstruction
has
and.
Steel
S.
U.
population
of
growth
stant
in celebrating the fifth birthday
and Reemployment.
industrial activity in the Far participation !n West Coast marof this No. 1 security."
to
West indicates a future for the kets for steel. It desiresthese
——— FREE COUPON •
in
participate
to
this
continue
provided
mill,
steel
Geneva
AMERICAN CANCER
CALIFORNIA CHEESE
liullvliliullr prlrcd »1,BO. I
can be acquired at a fair markets. U. S. Steel feels an
30,
Muy
hrrorr
California cheese manufacturPromotion of Private First plant
x-ntnl
long-tune cus- SOCIETY EXPECTS
Its
to
obligatlqn
freight
reasonable
and
value
Phone for uppolntmrnt.
ers made 13,512,000 pounds of Class Stanley A. French of Tqr- rates secured, and further pro- tomers to provide them with
mdo 2312
'
better service^ if. poieiUe, .whiRfy
"cottage""cndese." This compares
and equipped with it "ijibpes to be able- tip accom- .- Over the top
with1 a total of 13,232,000 pounds tallon, 39th regiment, ^California reconverted
be
to
plish through the acquisition of Day!
as
so
facilities
In 1944 and a 5-year average of State Guard, to technician grade additional
320 Pier Ave., Mermota Bqh.
With this objective, officials
making steel pro- the. Geneva plant and the instal'
five, was annpun,qe4 by State capableof of
18,626,000.
and ' workers in the American
of these new facilities.
are
lation
as
character
such
ducts
SacraGuard headquarters in(
Society's drive for funds
Cancer
Pathe
on
demand
normally in
mento.
with which to combat the terOther promotions, are to pri- cific Coast.
MILK CONTINUES HIGH
rible disease today vowed, to
fawartorn
a
is
vates first class of'Pvts. Eugene "This plant
extra hard" to meet
Utilization of milk, by Califor- "wort1
$515,700
C. Beckman, Morton I. Eps,tcin, cility, built and operated by us
in the form of Southern California's
Richard B. Colcman and Wayne during the war for account of nia consumers continues
goal.
excepmilk
or
fee
market
without
t,
the Governmen
cqn.cancer
the
A. Morse.
with,
date,
To
842,000
commission, for the primary tionally high, exceeding
trol campaign extended into
purpose of supplying plates and gallons daily in December 1945, May, a semi-official count still
EVAPORATKp MILK.
773,000
abqut
with
the
meet
compared
as
to
structural steel',
Evaporated milk production In needs of the Government's huge gallons a year, ago, an increase shows the Southland quota sorne
Philip Cobijrn—George, Shorten
distance off,
California during 1945 exceeded wartime shipbuilding program of over 9 percent
increase
an
pounds,
million
d
325
Employe
Movers
on the Pacific Coast Inx 1941,
Only Experienced Furniture
of over 16 million pounds as when, the Government- decided
mil84
compare4 with 1944 and
'
upon the construction, ad this
Ton-mice
lion DQMnds above the 5-year large integrated steel mill, with
average.
an annual ingot capacity of 1,283,000 tons apd with finishing
facilities for the production of
700,000 tons of. plates' .and, 250,OOQ tons of structuraV'steel per
year, little thought was glvqn to
the possible peacetime uses of
Due to the late.jarrival of many needed items
the plant.
featured in REXALL'S ORIGINAL I c SALE
"Shipbuilding in the Far West
and elsewhere practically ceased
. . . we are. cpntinuing the sale of all, ftertjs
hosof
end
last year with the
tilities, and there presently Is
as- Ipng, as our present stock lasts!
no need for the vast plate and.
structural steel capacity of this
m|11.
Regular. 50c
"If the Geneva plant Is to be
continued in operation in the
future, it must be suitably equipped to produce other steel proRegular 50c Rexall
ducte which arc consumed in
Balm
peacetime In the area w.hich can
this
by
be served economically
A
Regular 49c Bottles of 100 Purctest
mill."
"U. S. Steel has offered to
purchase the Geneva plant and
'inventories for $47,500,000 in
Regular 100 Size
cash. A down payment of $5,A
Lavei|der BatK S«|t*i
000,000 on account of the purIII or Ili^tiiiK Powd. 4
a
chase price of the plant, withIt
out inventories, and $7,500,000
A
Regular 85c, l-Lb. Jars Rexall
additional for the inventories.
will be paid upon the transfer'
TlieuiNcul Cold Creaip L
of the property. The balance
of the purchase price of the
Regular 5Sc, Rexall
plant is payable two years' after
the date of acceptance of the
•lasol
bid, this being the estimated
A.
.
time required for the reconverRegular 39c, Rexall's
sion of the plant
"If the bid is accepted, U.S.
Steel obligates itself to spend
A
Regular 59c, Rexall. Antiseptic
not less than $18,600,000 add}-'
Mouth Wash.. L
tlonal to enable the Geneva
and
reconverted
plant to be
equipped for peacetime opera.
Regular $ 1 .00 Box
tlons, as deemed necessary by U.
S. Steel, The Government is not
asked to finance any part of
the cost of these additional faciRegular lOc
lities.
"These proposed additional faFARES
EXAMPLE OF LOW
cilities at Geneva, include equipYou'H get there quickly, comfortably and at your oiw».
.
production
ment for the annual
yhen you go Greyhound. No other travel
$1.70
convenience w(i
Regular 59c Cascade, Assorted Fancy Backs A
of 886,000 tons of hot rolled
so often... for so, little *" "
pla
sysfeip serve.*, so many places,
g ^^yd* ........ 4
5.40
iHayIn
Francisco
San
busfor
cities
neighbor
to
it's
whe.tjje.r
matter
No
Cost,.
2$,I5.
Regular 25c Rexall
iness>pr. reccc»fion, or longer trips to, anywhere in the pj VVorth
West, you can go by Greyhound t>ow... for much less, OkUho
26,6$
thaa it costs tp drive. You cap/prget parkiqg problems,
Regular 79c. Laigc. Site,. R*xaJI
save ypuf.car, apd Have more money to spend when you
get there. Aslf your local Greyhound agent for full, "*«"" •""•••• — ——
irnVmaUon.
Regular $1:50
REDUCING TREATMENT
Promotions In
Company H Are
Revealed Here
CHECKER TRANSFER CO*
Furniture, Pianos and Baggage
Moving,
v/.s•
Travel Convenience Plus!
Beautiful, Sp?oofft WWV9
RAP-ID »RY
• and PAINT
to riz
Thia wonderful, silky-sheen enamel driw In fouryt-plnt
hours to a rich, Ugh gloss finish. Enamel 1«
; paint tnuJi la pnfrtoifli. JnSt 2»<j lo/.bottl " '
Rag. 2.19,
SelfPolishing,
Floor
Wax
Soft pour It on
it out I Dries in tw
jninutes to a boutlfo}
glossy flnlsri. Gallon glie.
Book
LAWN CARE
Big
Itvrpq*'* Super Glfcini.
ZINNIA SJ-£J)S
Jtoflt
ALUMINUM PAINJT
1.400K
CeVcra ,
aid S«oli
It OH Copt
2
Aspjlrin Tabigte ....... L
.,.2
Greyhound OiVes You Aiore Service
fo More Places from
WHl La,l a LihHmtl
1.99
Ravolvlng Lawn.,
SPRINKLER
Xaa 1,.M, »»ter eh»n»b«r
*nd itudard art
aluminum. 7-Inch iteel bwp.
A
uid top
in btfrtt nA. ti*U
Klynzo Dental Cream. L
TORRANCE
Th» Numon*
Ttrotoiu
OH ......
Beacon Travel Bureau, 1519 Ca brillo
Phone Torrance 180
MD
GRIYHOU
Local Servfff
DRUG C
-IM Wg
OPTOMETRIST,
135 S. Pacific Rstfendq. Beach
Rhone Redondo 6046
PR$5CRJRTK?N SPECIALISTS
T(HR HEXALL STORE
Agents for GreyKound & Torrance Bus Lines
1519 Oriudlfe — Torrance
7i rest one
Marcelina at Cravens — Torrance