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Newspaper
Argus
Location
Fremont, California, United States of America
Date
Jul 11, 1971
Page
5
Embart Corp in Berlin Connecticut speeds padlock production to satisfy rising demand from builders and homeowners. Small brass pins, some as short as three hundredths of an inch, enable thousands of keying combinations in master padlocks.
Charles J. Glia notes mutual funds posted strong six month gains ending June 20 with most professionals outperforming the NYSE index and Dow. Yet fund share sales remained robust while redemptions troubled funds amid rising rates, as numerous funds posted double digit gains and several posted declines.
The report lists fund performances through June with figures for DITA Sond and S&P indices, NYSE Composite, and numerous funds including Investors Income and Atlantic growth. Named funds and managers appear with varying results, highlighting gains and losses across multiple investment products.
U S music industry sales surged over the past decade with a 101 percent gain surpassing GNP growth. A Chicago NORC survey finds one in seven households expect to buy an instrument within a year, while dealers anticipate 1971 to improve on 1970. Organ sales hit 218.4 million for 187 500 organs. fretted instruments and amplifiers rose sharply, and guitars lead sales while pianos remain strong.
The Nixon administration faced skepticism as unemployment and inflation stayed stubborn, yet stocks rose for the second week. McCracken warned targets may slip, while banks lifted the prime rate and Viet Nam peace talks offered slim optimism. Major indices advanced with earnings news lifting confidence.
Ward's San Leandro Bayfair store announces three management promotions as the new August opening approaches. Heinz Freymann becomes operating manager and Keith Shute controller, with Pamela Cameron named personnel manager, the first female in Bay Area Ward's personnel leadership. Cameron, longtime Ward's employee, hails from Canoga Park.
Dear BOB answers identify Portastib portable crane as made by Wright-Libbard Industrial Truck Company, Division of Jonard Industries, Pottsville Pennsylvania. Also explains how a secretary can become a notary public in California and provides a crude oil reserve figure for California versus Texas and Louisiana from the Mineral Yearbook.
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