HISTORY/1stjc/mark2nd
45 YEARS AGO THIS WEEK: The Korean War was doing good things for L.A.’s aircraft industry. Burbank-based Pacific Airmotive Corp. reported that business had increased 54 percent since the war began the previous year. PAC President Thomas Wolfe told shareholders at the company’s annual meeting that war-related orders accounted for 48 percent of sales.
THE NEWSMAKER: George L. Carroll, who had been director of sales for Lucky Lager Brewing Co. in Southern California since 1945, was promoted to vice president of sales, President Eugene S. Salvage announced. The firm operated three local breweries, including one in Azusa.
THE NUMBERS:
Dow Jones Industrial Average 274.16
New York Silver 85.25 cents per ounce
Automatic dishwasher $249.95
1953 Buick sedan $2,525.88
