anaheim-gazette 1953-01-04

Anaheim Gazette SUNDAY MORNING, JAN. 4, 1953 ANAHEIM, CALIFORNIA Statewide Real Estate Exchange Promotes Market Realtors and property owners of California will enjoy in 1953 a more flexible market for the transfer of real estate as the result of the new "statewide exchange service" initiated yesterday by the California Real Estate Association, according to announcement today by L. H. Wilson, Fresno, chairman of the association's committee on exchanges. Interest in the exchange of specialized types of property has increased in recent years, but the problem of coordinating exchanges on a statewide basis has delayed progress in this field," Wilson stated. "After more than two years of study, our exchange committee proposals for a statewide service among realtors are being placed in operation. The plan will provide realtors who specialize in this type of transaction with an exchange of information on properties in other sections of the state which can be used to advantage in their local newspaper advertising." he said. The precession of the equinoxes wobbling of the earth on its axis takes place in a 26,000-year cycle. Everybody Likes RITZ For Dry Cleaning BECAUSE RITZ DOES THE JOB RIGHT! More and more people are coming here for their Cleaning work... they have learned, that they are always assured the highest quality workmanship. "LEAVE IT TO RITZ" We also offer the only Pillow Renovating Service in Orange County... Renovating—Re-Ticking New REA Producers Most SACRAMENTO—California offers the most active real estate market in the nation and tracting in increasing and investment of substantial and foreign capital, according to newly elected president Frank MacBride, Jr., of S.F. to, who was installed by Gov. Frank F. Merriam, mal luncheon meeting and president of the statewriters' organization. "These investors are not only current earners the long time security afforded by the assurances this state is at the crux of the Pacific coast and foreign markets," MacBride told the nearly 600 real estate officials present at an annual ceremony in the hotel. Pointing to the state's position in many industrial agricultural pursuits, MacBride stated that of the more than 000,000 acres in the state, 000,000 acres are in farming size and 10,000,000 acres are devoted to crop production. In terms of farm value, formia produces more than of the commercial fruits nation, nearly a fourth of all mercial vegetables, all of mercial crops of figs, olives and almonds. "The value of California crops last year was close $900,000,000." MacBride "with cotton ranking" Bank of America Total Resource Its statement of condition at the end of 1952, just before shows Bank of America More and more people are coming here for their Cleaning work... they have learned, that they are always assured the highest quality workmanship. "LEAVE IT TO RITZ" We also offer the only Pillow Renovating Service in Orange County. Renovating—Re-Tickling RITZ CLEANERS & DYERS WE SPECIALIZE IN DRY CLEANING 207 E. Center St. Anaheim 3289 Anaheim's Newest Suburban Community CUSTOM DESIGNED TWO-THREE-BEDROOM HOMES Priced from $8395 to $9150 TWO-THREE-BEDROOM HOMES Priced from $8395 to $9150 Terms as low as $895 Down —$41.50 per month (Plus Impounds) Incomparable location—But a short distance from the business center of Anaheim—within easy driving distance from Southern California's greatest employment centers—Beautiful tree-covered surroundings—quiet and secluded—Individually designed modern ranch-type homes that are refreshingly different—copper plumbing with all Crane fixtures—Waste King garbage disposals—steel sash—ceiling insulation—kitchen ventilating fans—formica drainboards—69-foot frontage lots, landscaped with lawns and shrubbery. Street lights—paved streets—sidewalks—concrete curbs. Adequate public transportation—free school buses FHA-Cal-vet—and Building and Loan financing. Harold Deavel, exclusive sales agent. Eastmont Estates CUSTOM DESIGNED VERMONT AVE. AT EAST ST. PHONE ANAHEIM 4295 DIRECTIONS: East on Manchester Rd., and Firestone Bldg. to Bell Blvd. in Anaheim; Turn left to Palm Blvd.; then left to Vermont Ave.; turn right on Vermont Ave.; and continue to Eastmont Estates. New REA President Says California Offers Most Active Realty Market SACRAMENTO.—California offers the most active real estate market in the nation and is attracting in increasing amounts the investment of substantial eastern and foreign capital, according to the newly elected president of the California Real Estate association, Frank MacBride, Jr., of Sacramento, who was installed by former Gov. Frank F. Merriam at a formal luncheon meeting as the 46th president of the statewide realtors' organization. "These investors are seeking not only current earnings but the long time security which is afforded by the assurance that this state is at the crossroads of the Pacific coast domestic and foreign markets," MacBride told the nearly 600 realtors and state officials present at the inaugural ceremony in the Senator hotel. Pointing to the state's dominant position in many industrial and agricultural pursuits, MacBride stated that of the more than 100,000 acres in the state, 36,000,000 acres are in farms of varying size and 10,000,000 acres presently are devoted to crop production. In terms of farm value, California produces more than a third of the commercial fruits of the nation, nearly a fourth of the commercial vegetables, all of the commercial crop of figs, olives, lemons and almonds. "The value of California's field crops last year was close to $900,000,000." MacBride said, "with cotton ranking first in value. More than 1,000,000 acres in California are now planted to cotton and the state ranks at least third among all the states in its production," he said. Pointing out that California ranks at the top in motion picture and aircraft production and continues to expand in the production of steel, heavy machinery, chemicals and petroleum, MacBride stated that other industries now well established and having a great potential for future expansion in the state are paper and paper converting, paint and varnish, gas heating equipment, furniture, electronic equipment and frozen foods. Within the last two years, 450 new industrial plants have located in California." MacBride reported, "with a total investment of over $370,000,000. During the same period more than 1500 plants made expansions involving an additional investment of more than $600,000,000. "The basic fundamental requirement of a real estate economy is people," he said. "Real estate is more active in California because our population is increasing each year at the rate of more than $50,000 persons—the highest numerical increase of any state in the nation. We have moved into second place in population among the states and there is no indication of any near future reduction in the rate of increase," he reported, thereby assuring continued real estate activity during 1958." Bank of America Officials Report Total Resources Exceed $8 Billion Its statement of condition as of the end of 1952, just released, shows Bank of America has ex- Bank of America Officials Report Total Resources Exceed $8 Billion Its statement of condition as of the end of 1952, just released, shows Bank of America has exceeded $8 billion in total resources, and has attained new records in reposits, loans and capital funds. Total resources for the bank stood at $8,201,689,368, which is a gain of $670,392,411 during the year. (Adding the subsidiary Bank of America-New York International), the grand total of resources is $8,300,231,823, which is $682,971,718 higher than a year ago. Bank of America deposits as of Dec. 31, 1952, totalled $7,485,116,183. A 12 months' gain of $669,249,388. Loans outstanding at the year end totalled $4,069,150,471, an increase of $436,465,122 over the previous year end. Investments in securities aggregated $2,413,852,775, which is $25,657,869 lower than a year ago. Total capital funds of the bank rose to $424,302,145, of which $11,916,287 was added from retained 1952 earnings. In addition to these capital funds, $51,423,848 was held in the reserve for possible loan losses. Total increase for the year in this reserve and capital funds was $16,731,752. Net operating earnings before provision for Federal income taxes were $103,316,287, as compared with $96,794,581 for 1951. After provision for these taxes and transfer of $10,000,000 to the reserve for possible loan losses, net profit remaining was $50,316,287 equivalent to $2.10 per share on the 24,000,000 shares outstanding. This compares with $50,874,581, or $2.12 per share for 1951. President Carl F. Wente observed that Federal income taxes were equal to $1.79 per share, or 29 cents per share greater than in 1951. He stated that while high tax rates and increased operating costs had nullified the year's gains in gross earnings, he hoped that tax relief in 1953 would allow improvement to be shown next year. Savings and Loan Assn. Shows Large Asset Gain The Savings, Loan and Building Association of Anaheim closed one of its most successful years in its 63 year history; it was stated today by Robt. S. Border, manager of the association. Borden pointed to 510 new loans made during the year totaling two and three-quarter million dollars, of which 237 loans were made for the construction of population among the states and there is no indication of any near future reduction in the rate of increase," he reported, thereby assuring continued real estate activity during 1953." Heying keeps secret the chemicals he uses but does say that one wrong move in the delicate operation could ruin the whole picture. His process can determine the age of a painting to within four or five years. Local Artist. Renovating old portraits is but a portion of the artwork carried on by Heying in his remodeled garage studio. He gives advice and encouragement to students, and dabbles in oils himself. Those who visited his Laguna showing two years ago were enthusiastic about his desert scenes and California landscapes. He is a member of the Laguna Art Association of California. Somewhat like Grandma Moses. Heying got a late start on his career as an artist and like Grandma Moses, he is self taught. He enjoyed art work as far back as grade school and received his technical training in St. Louis. Missouri. After moving to California; he was with an industrial concern for seventeen years. When his health failed, he took up painting. Prefers Oils As a commercial artist, Heying prefers oils. He paints on a high grade canvas made from linen, flax and cotton because of its strength and durability. His subjects are the familiar scenes around him, and he takes frequent trips to the desert to catch the soft shadings and colors peculiar to the landscape there. Demand for his pictures has snowballed by word of mouth until his workshop threatens to bulge at; the seams. He is planning to enlarge and modernize the studio to give himself elbow room and to give better accommodations to his students. Heying gives aspiring artists every possible encouragement. Says he, "Through the years, I have seen my hobby develop into a profitable business with interesting sidelights. Artists amateur or otherwise will find that painting is relaxing, great fun, and will realize the satisfaction that comes from accomplishment." A perfectionist at heart. Heying particularly enjoys the job of renovating old paintings, and finds that it can be done successfully as long as a portion of the canvas remains. According to Heying, a good oil painting should be checked for signs of deterioration every two years. For maximum protection, it should be kept at an even room temperature. Extremes of heat and cold are harmful as are excessive moisture or dryness in the air. RENOVATED CAR Artist Armin Heying look at the two large before sending them ASSH. SHOWS Large Asset Gain The Savings, Loan and Building Association of Anaheim closed one of its most successful years in its 63 year history, it was stated today by Robt. S. Borden, manager of the association. Borden pointed to 510 new loans made during the year totaling two and three-quarter million dollars, of which 237 loans were made for the construction of homes for private individuals in accordance with their own plans and specifications. Of all the loans made, said Borden, less than five per cent were made outside of Orange county. Borden also stated that 580 new Investment Savings accounts accounted for a net gain of over a million dollars in investment savings during the past 12 months. ANAHEIM GAZETTE, INC. Theodore R. Kuchel, President Max Besler, Vice-President Mrs. Henry Kuchiel, Secretary-Treasurer H. C. Burkheimer, Assistant Secretary-Treasurer ANAHEIM GAZETTE Established 1870 Anaheim Daily Gazette H. C. Burkheimer Publisher, General Manager Leonard Kreidt, City Editor Ralph Rouland, Classified Manager Don Young, Circulation Manager Published Sunday, Tuesday, Wednesday, Thursday, Friday of each week at 2:29 East Center Street, Anaheim California. Phone Anaheim 2206. Entered as second class mail matter under the act of March 3, 1879. The Gazette is a member of the Associated Press, the National Editorial Association, and California News-paper Publishers Association. All rights herein are reserved. Subscriptions: $0 per month by carrier or $5 per year by carrier or mail. MEMBER OF THE ASSOCIATED PRESS—The Associated Press is entitled exclusively to the use for republication of all the local news printed in this newspaper as well as all A.P. news dispatches. A perfectionist at heart, Heying particularly enjoys the job of renovating old paintings, and finds that it can be done successfully as long as a portion of the canvas remains. According to Heying, a good oil painting should be checked for signs of deterioration every two years. For maximum protection, it should be kept at an even room temperature. Extremes of heat and cold are harmful as are excessive moisture or dryness in the air. County’s Rural Building in ‘52 Outstrips 1951 Building activity in rural Orange county during 1952 far outstripped 1951, as shown by a comparison of building permit valuations, amounting to $30,219,011 in 1952 as against $19,682,944 in 1951. There were 6182 permits issued during 1952, as compared to 4254 in 1951. The year’s activities tapered off slightly in the closing month. December, which was six per cent under the November valuation total, but still 48 per cent higher than December, 1951, with $2,529.371. The December permits included 263 new homes, with a total valuation of $2,122,050, all but four being single-family dwellings. In addition, another $79.768 was invested in residence additions and alterations, and $49,367 in private garages. Nine permits for office buildings during the month represented a valuation of $77,461. There were seven permits for store buildings, valued at $49,900; eight permits for storage sheds valued at $26,090; one industrial building at $4400, a $30,000 gasoline station; and two public garages valued at $4000. RENOVATED CANVASSES — Anaheim Artist Armin Heying takes a last inspecting look at the two large paintings he renovated before sending them back to their places on the walls of Anaheim Elks club. The restoration required about two weeks of meticulous work. (Gazette photo) License Expiration Date Extended SACRAMENTO (CNS)— A. H Henderson, state director of motor RENOVATED CANVASSES — Anaheim Artist Armin Heying takes a last inspecting look at the two large paintings he renovated before sending them back to their places on the walls of Anaheim Elks club. The restoration required about two weeks of meticulous work. (Gazette photo) ARTIST AT WORK — Paintings with the signature "Heying" in the lower right-hand corner come from this small garage studio at 836 S. Claudina st., where Armin Heying does his creative work. He specializes in California landscapes. Births Outpace Deaths in State During 1952 SACRAMENTO (CNS) Heart disease, cancer and accidents continued to be the leading causes of death in California during 1952. Dr Wilton L. Halverson state director of public health stated in this summary report for the year: Together these three causes accounted for about 75 per cent of the state's 103,700 deaths for the year. Rural Anaheim Building Permits Low for Week Building permits in the rural Anaheim area were low and small in size for the past week, according to records of the county building department showing a total valuation of only $3700 in this area, while the total for the county's unincorporated territory stood at $263,066. Anaheim permits included a $2,900 barn for Theodore F. Hamum 9611 Magnolia ave. License Expiration Date Extended SACRAMENTO (CNS)—A. H Henderson, state director of motor vehicles, has granted 30-day extension of all drivers' licenses which expire during January, 1953, in order to make driver license examiners and clerks available for the rush period of annual auto registration between Jan 2 and Feb 4. Sunset recommends planting ROSES now! Here are some of the outstanding varieties mentioned in the January SUNSET. • Chrysler Imperial ... featured on SUNSET's January cover and a 1953 All America selection • Ma Perkins ... also 1953 All America selection • Charlotte Armstrong • Helen Treubel • Fred Edmunds • Capistrano • Peace • Sutter's Gold • First Love • Eclipse We have these and many other quality roses, baro root, and ready for planting NOW. We Give and Redeem Gold Bond Stamps BOTTS NURSERY Landscape Contractors 1228 W. Lincoln, Anaheim Phone 5450 If you are sick ... see a doctor! BUT...IF YOU ARE WELL... and you want to stay That way ... then EAT Wholesome, Natural Foods We Don't Diagnose ... We Leave That to the Doctor of Your Choice We carry a good assortment of Natural Foods that have not been robbed of their minerals and vitamins, and have not been devitalized by refining processes that take life giving and life preserving elements right out of them. We have minerals and vitamins in tablet and capsule form in a natural base for those who want to fortify their diets to make sure that their body is getting the nourishment that nature intended it to have. We carry a fine assortment of foods for diabetes, such as: Bread, Honey, Canned Vegetables and Fruits, Cookies, Candies, Sweeteners, Etc. Lots of salt free foods: Margarine, Soups, Bread, Cakes, Cookies, Etc. MAINTAIN GOOD HEALTH BY EATING LIVE FOODS... IF YOU ARE SICK, BY ALL MEANS SEE YOUR DOCTOR ANAHEIM HEALTH FOOD STORE 126 E. CENTER STREET